House Flippers: School project can you please answer my questions

House Flippers: School project can you please answer my questions

Member since 2020 · 1 post · 0 votes

How long on average does it take to flip a house?

Is there any law that requires a flipper to have a house flipped by a certain time?

Do they buy homes that are foreclosed and up for auction?

On average how much money does it cost to flip a home?

is there a certain area that a flipper tends to stay in or do they venture out to any spot?

What is the inspection process like?

when it comes to advertising your flipping business what types of social media do you use? and what social networking events you attend as well? 

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  • John UnderwoodPro Member
    Investor · Greer, SC · Member since 2014 · 13k+ posts · 17k+ votes
    6y

    It varies depending on what needs to be done, could be a few weeks, could be 6 months.

    No

    Yes, but also from MLS, wholesalers, word of mouth etc.

    I am doing one now that is costing over 100k, but it varies. Could just be cosmetic and could be more like 15k.

    People like certain areas but for a good enough deal will venture to other cities or even other states.

    Varies, for cosmetic there might not be any inspections for major remodels, permits need to be pulled and the city inspector would need to check everything.

    I don't use social media for any of this.

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