House flipping is awesome, right?<\/p>\n
I mean – it’s exciting, rewarding, liberating, and it can make a lot of money.<\/p>\n
However, it also can be dangerous if you don’t follow certain steps or if you do those steps out of order. If you’ve ever watched one of those “flipping shows” – you know exactly what I’m talking about – people who try to flip a house and quickly get over their head, or contractors who walk all over a newly-refinished hardwood floor because it wasn’t managed properly.<\/p>\n
In the past several years, I’ve learned a lot of lessons about house flipping, and I believe these lessons can be boiled down into five steps. Obviously, flipping houses is much, much more intricate than I can cover in a simple blog post (or video) but I hope this post can serve as a “primer” to help you know the right questions to ask.<\/p>\n
If you are looking for a more comprehensive look at flipping houses, definitely check out The Book on Flipping Houses and The Book on Estimating Rehab Costs<\/a>, written by J Scott and released by BiggerPockets a couple months ago. These books are the expanded version of what I briefly discuss in the video below.<\/p>\n Check out the video I made which may help you figure out how to get started flipping houses. Below that is an expansion of that video, in case you are interested in knowing more! Be sure to let me know what you think in the comments below!<\/p>\n