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Updated almost 6 years ago on . Most recent reply

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22
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Eric Lawson
  • Flipper/Rehabber
  • Baltimore, MD
5
Votes |
22
Posts

Steps to flipping the right way!!!!

Eric Lawson
  • Flipper/Rehabber
  • Baltimore, MD
Posted

Newbie to real estate investing ready to jump in and swing for the fences, what is the first steps that should be taken From start to finish when flipping?

How do you purchase your first flip!! I feel like I’m moving too slow or jumping ahead with steps. What direction, what process should be done. Should I find a willing real estate agent to find possible flips Should I be looking myself using a realtor or Zillow what is the most efficient and effective way just to purchase your first flip??

I’m at the stage where I feel like if I get one I’ll continue to get more and build my portfolio I’m just not sure how to get that first house To flip.

Most Popular Reply

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Replied

I guess my questions would be, are you a licensed contractor or does MD have any laws about needing licensed contractors to do specific jobs?  If you want to get into the house flipping business you might want to go and find a contractor to work for to get the experience and get licensed as a contractor.  If you have the money, go and find 3 or 4 contractors to get quotes from to fix a house up before you purchase it.

Just happened to find this: https://www.realtor.com/realestateandhomes-detail/...

One of the main things I've seen people say on other videos is you want to make sure the "bones" are good before you buy as well.  Make sure there is no termite damage, asbestos, find out if there was lead paint used etc....

I'm on my own journey with getting a house fixed up in NC but due to all the building happening right now it's been a struggle for me to get a contractor around here.

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