Property Flip Checklist

[Account Closed]

Weeks away from purchasing first property that I intend to flip. Is there a checklist I should follow for best execution? If so, can anyone provide me with a copy. Thanks in advance!

[Todd Dexheimer]

I would suggest getting all the prep work done right now. Line up contractors to start (I like to schedule them for 3-5 days after I am scheduled to close, this allows a buffer. You can always call them the day before closing and say it will be ready to start in 2 days). I would also have my interior designer in the house right now picking out colors, cabinet styles, flooring choices, plumbing fixtures, lighting, etc. Then get the floors measured for tile, carpet, etc if you are ordering the material, measure windows, doors, count light fixtures, plumbing, etc. I get a whole list together of all the materials I will need and at what phase they should be ordered. I would count on 3 weeks for windows, so order that asap. Also, granite and cabinets can take 2-3 weeks. Contractors can also be 2-3+ weeks out, so if you are running the job you will want to be diligent on scheduling.