Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Rehabbing & House Flipping
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 7 years ago on . Most recent reply

User Stats

7
Posts
0
Votes
Joe Lafata
  • East Islip, NY
0
Votes |
7
Posts

Flipping houses question

Joe Lafata
  • East Islip, NY
Posted
Hey everyone, I am new to bigger pockets and I am very excited to begin my journey! I am specifically interested in flipping houses then eventually use my money to purchase rental properties later on. Anyways, I found some potential flips in my area (long Island) that I plan on analyzing this weekend. I would like to contact the real estate agents for each property, what kind of questions do you suggest I ask? Sorry for the newbie question. Thank you, Joe

Most Popular Reply

User Stats

375
Posts
217
Votes
Michael Gessner
  • Pomona, NY
217
Votes |
375
Posts
Michael Gessner
  • Pomona, NY
Replied

Not a whole lot you would need to ask the agent, You need to do your homework on the property, search your own comps, know your costs on the renovation like the back of you hand, and learn the areas your intending on flipping in, ie recent home sales, crime etc. You dont wanna get stuck with a house that wont sell. how are you going to complete the renovation? id suggest you learn as much in the construction end as possible as the prices of foreclosures at least by me, Rockland Westchester Orange are through the roof and not much meat on the bone to justify a flip. From what im learning its all a numbers game, 

Loading replies...