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Updated over 1 year ago on . Most recent reply
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What to look for in a market when house flipping?
I've been reading up on house flipping and have been trying to practice looking for deals on sites like Zillow and Redfin so I know what to look for when I turn 18 and can actually buy them. My problem is I don't know what to look for in a market when it comes to flipping. Is it the same if you were looking for a place to buy rentals? Please provide any and all advice, and thank you for your time.
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It's based on numbers. You need to know rehab and ARV. Are you able to buy property when you turn 18? I'd focus on building funds, credit. On your first deal I think a house hack is better, flipping a home at 18 is definitely risky. At 18 you have plenty of time so don't get caught in the excitement, make smart moves.
- Caleb Brown