Planning my first house flip need help!

[MIke Scutellaro]

Plan on doing a house flip with in the next year. I have experience as an electrician and my father was a union carpenter/project manager for 30 years. With our knowledge I'm sure we can fix any house we buy and if we need help we know other tradesman. Now I have around 40k to put down if needed. And my dad has over 300k in the bank which we would use for repairs. I just don't know where to start. Do we go for foreclosures? I've been reading a decent amount and people keep saying location is everything so I figure look for foreclosures in decent neighborhoods? Any advice would be great I have a lot to learn willing to take my time so I don't make any big mistakes!!

[Bob Okenwa]

@MIke Scutellaro

If you haven't done so already, read the Book on Flipping Houses by J Scott or FLIP by Clay Davis and Rick Villani. I've read them both and that's just about all of the How-To you're going to need to get started in terms of finding deals and building your business. My advice would be to learn a specific reasonably well before getting started and focus on what deals look like in that area. There are also some good podcasts here about getting started as well as the Ultimate Step By Step Guide for flipping houses by Brandon Turner. Here's the link. https://www.biggerpockets.com/renewsblog/2014/01/07/flipping-houses/