First flip

[Jeffery Kuhl]

I bought a foreclosure for 58k and its appraised for 90k. Surrounding RE average of 92k value. Higher ones for 110. That appraisal doesnt take into account any of the upgrades I've made(replaced laminate floors with engineered hard wood, laminate kitchen countertops with granite, paint, among smaller less mentionable things). I heard of one guy who would try to "sell by owner" at first before listing.

After this sale I'd like to start the hunt for my next flip immediately. The first time I made a mistake on my contractor whom was horrible. How do i find a good one, because those who tell me "so and so is great" never seem know what they're talking about.

Ive considered buying a rental, but it's unlikely I will live here long(no longer than two years) and I don't know enough about management companies to make a comfortable decision. I own a rental out of state already but, I have family to take care of it for me. What should I bear in mind when looking for management companies? or if I should at all?

1200 sq ft

3 bed

2 bath

1989