Seeing Through the Eyes of a Flipper

[Shannon McKenna]

Hello Flippers!

Here's my story: I'm new to the real estate game- just establishing my funding and obsessively farming an area in my city that I KNOW is going to kill it in the next 5 years.

My strategy is buy and hold, with my first property being being a house hack, and my plan is to move into a place that isn't turn key- something I can build up myself (I'm young and able bodied, and I wanna do it) or with the help of some light contracting.

I ran in to two potential flippers walking through the same property. Listening to them talk, I feel like they were searching for trap doors. They were knocking on walls, jumping on floorboards, and had a mess of concerns I didn't even fathom. 

My question is: What are the top 4 things you flippers look at when you're walking through a property? Do you have a checklist? 

As far as this specific property goes: I have no interest in it. It's half baked craftsman with a floor plan that left me scratching my head as to how anyone could call it a three bedroom.

[Christopher B.]

Honestly, a lot of those things you will learn to look for after you missed them initially only to discover you have to fix it later. This is why it's so important to buy something with margin.