Beginner House Flipper

[Seth Bollinger]

Hello everyone! I am very new to this site and the community as a whole so please be nice as I am just trying to learn. I really want to get into flipping houses if not at least working on the in my own time, however; I am worried about the time and money aspect. A good friend of mine and I took up an armature landscaping company last summer and I really enjoyed it. Along with the usual bush and grass jobs people would have us do house cleanouts, cleanups, and basic maintenance, so I know that I would not be totally jumping into unknown waters. Does anyone have any basic or in depth tips or things that will give me progress in the early stages of me working this out. Like I said I am only trying to gain information and anything is helpful, Thank You!  

[Katie Smith]

Hi Seth, I'd be happy to hop on a call and go over some basics with you. You mentioned you are worried about time and money. Do you have any capital to put into a deal? Lenders will require you to have some skin in the game. If you're looking to do a fix and flip - you'll need to come to the table with at least 10% towards the purchase price + closing costs. Cash and credit are key when it comes to fix and flip loans.