First Time Flip

[Brandon Marler]

Hey BP I have some flip questions. I have a single family rental that I am thinking about flipping. I have never flipped a property, so I'm not sure the correct avenues or people to contact. How do you initially figure the value of the property, determine amount of capital to inject and what to actually upgrade on the property, and then determine what the ARV is going to be? Do you guys usually go through an agent to find comps and get their opinion? Or do you purchase an appraisal on your own and can the appraiser give thoughts on ARV? Just not sure if the initial process to figure out the numbers and see if it is a deal. Any thoughts are appreciated. Thanks!

[J Scott]

I highly recommend that you spend time on the site, reading through the education section and the forums.  Also, if you prefer a more structured introduction, pick up the BiggerPockets Flipping & Estimating books.

All the questions you've asked are answered throughout this site and in the books...