New investor advice Tampa

[Alia Bennett]

I'm moving to Tampa in a few months and I'd like some advice on starting out flipping properties. I'll be starting out doing everything myself until I gain enough capital to hire contractors. Advice appreciated!

[Jason D.]

@Alia Bennett what type of construction/contractor experience do you have?

Easy flipping in Tampa is long gone. The easy money has been made. To make money flipping here you need to buy distressed properties, meaning they likely need electrical, plumbing, roof, HVAC, etc.... If you are comfortable with those tasks, the best advice I can give is that when you figure out your rehab budget and timeline, double both.

I cringe at "3 month flips", they dont happen. Count on 6 months minimum, probably 9 close to close.