Updated over 6 years ago on . Most recent reply
rehabbing or flipping without experince
How can you flip or rehab a house with no knowledge of construction/contractors? I know you can get inspectors but I keep hearing how you need to jump on a deal quick. I am also hearing a lot of making offers without seeing the property. How do you do that and still know it is a deal?
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@Suzanne Lee yes you can do a deal with no experience. However you need to understand that is very risky.
You don't. That is why I say it is risky. Learn your market, network with other investors. Go look at their deals and ask them about the numbers and scope of work.
I have been doing this for 15+ years. I don't race to put in an offer. I'd rather lose a deal than lose money.