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Updated over 7 years ago, 08/05/2017
Seeing Through the Eyes of a Flipper
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.