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.
Real Estate Success Stories
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 7 months ago on . Most recent reply

User Stats

16
Posts
4
Votes
Yolanda Martinez
4
Votes |
16
Posts

Need advice from house flippers. Steps for flipping

Yolanda Martinez
Posted

This will be my first flip. How do I stay within the 2month time-line? What do flippers do first,, second, third, etc..

  • Yolanda Martinez
  • Most Popular Reply

    User Stats

    4,486
    Posts
    6,451
    Votes
    Marcus Auerbach
    #5 All Forums Contributor
    • Investor and Real Estate Agent
    • Milwaukee - Mequon, WI
    6,451
    Votes |
    4,486
    Posts
    Marcus Auerbach
    #5 All Forums Contributor
    • Investor and Real Estate Agent
    • Milwaukee - Mequon, WI
    Replied

    Six months is a good default for a full flip, congats if you can get it done faster! In two months you can only clean up, paint and carpet, maybe a few other easy things (there is always something!). 

    As soon as you open up drywall, frame new walls, redo electrical or plumbing your timeline and budget explodes.

    A good flip follows the same sequence as new construction:

    1.) Set up and site prep, open permits
    2.) demo and clean up (also electrical and plumbing demo)
    3.) rough carpentry, windows
    4.) rough plumbing, electrical
    5.) city inspection
    6.) insulation (and inspection, at least here in Wisconsin)
    7.) drywall, texture, primer, paint
    8.) cabinets and flooring
    9.) doors and millwork
    10.) flooring
    11.) finish electical
    12.) finish plumbing
    13.) appliances
    14.) punch list
    15.) final clean up

    You can alwys tell a bad crew when they are drywalling in one room and then start demo in another. At this point I know they are not pulling permits. 

    Meanwhile you can do exterior, trim trees, remove shrubs, roofing first, then lawn and landscape so it has time to grow in, driveway if you need a new one last. 

    There is a lot to learn, if you don't have a construction background! 

    There are very good books on flipping houses, you can order them here on BP. The best tip I can give you ask a flipper or a new construction home builder if you can shadow an entire project, maybe run errands for them and deliver supplies to the job.

    Get on the job every day, best way to learn the process, every municipality is a little different, my experince is from Milwaukee, I would have to learn a lot, even if it were close by like Chicago.

    business profile image
    On Point Realty Group - Keller Williams
    5.0 stars
    51 Reviews

    Loading replies...