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Updated over 9 years ago on . Most recent reply

Account Closed
  • Tucson, AZ
13
Votes |
64
Posts

first flip with a job.

Account Closed
  • Tucson, AZ
Posted

Im about to do my first fix and flip in the tucson AZ area with a full time job. do es anyone have any tips, pointers. anything that can save me from a hole. lol any info is appreciated. 

Most Popular Reply

User Stats

307
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127
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Benjamin Pekarek
  • Rental Property Investor
  • Asheville, NC
127
Votes |
307
Posts
Benjamin Pekarek
  • Rental Property Investor
  • Asheville, NC
Replied

Christian,

Congratulations on trying a flip while you still have your 9-5! What you're trying isn't easy, but it is the most financially secure way of transitioning into full time REI.

Have you found all of your contractors at this point? If you haven't, try using something like Thumbtack.com to find well reviewed contractors to get the work done. It's better to pay a few dollars extra for quality work, and have a good product that sells QUICKLY than for a marginal product that sits there vacant.

Have you already picked your listing agent? The person that helped you purchase the property is not always the person you want to pick to sell it! Ask whoever you're thinking of using what their ADOM (Average Days On Market) currently looks like. If it's high, shop around until you find an agent who can move your house.

Good luck on your first deal! Put the systems in place on this one, to make the next one that much easier.

-Ben

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