Newbie to flipping
Hello my BiggerPockets fam,
I have been wanting to step into the fix and flip market for quite a while but wanted to build up a lil passive income with rental properties first. So I have recently purchased about 7 properties that I have either rehabbed or am in the process of rehabbing and renting. I feel that now is the time for me to jump into the world of flipping. The only thing is in my town I live in fixing and flipping would probably be a career crusher because there are an abundance of houses on the market now and the job market here sucks. People would rather rent than take a chance on owning. so I have decided to jump in the market in Memphis. Any advice for a first time flipper? Idea price point to start? Do's and dont's? Should I go with a realtor to find deals? things of that nature. Any help is much appreciated. Thanks