Chris Kenyon from Vancouver Canada

[Chris Kenyon]

Hello everyone! My name is Chris Kenyon, and I am from Vancouver Canada. I am a new in the world of real estate investing. I want to learn the in's and outs of flipping, and how I can get set up with the right team, and the right entity for a successful business. If anyone from my area has any advice please let me know. Thank you for your time.

[Roy N.]

@Chris Kenyon

That's a loaded question ... oh, and welcome to BP. ;-)

Before you can learn how to flip, you need to know how to buy and how to evaluate a property.

You will find no better overview than BP's own @J Scott's volumes "The Book on Flipping Houses" and "The Book on Estimating Rehab Costs" - both available here.   

When working you way through the methodology and lists in Jason's books, just keep in-mind that certain aspects of financing and regulation will be different in BC, Canada (if that is where you plan to operate).

Once you have absorbed "book knowledge", I would advise networking to finding an experienced rehabber in, or near-by, the area where you plan to operate and approach her/him about participating in an upcoming flip (you bringing capital to the table) to learn the ropes.

Finally, I trust you plan to look elsewhere than Vancouver proper which has a crazily overheated market these days and you will need to command healthy sums of capital to play flipper in most of the City and surrounding 'burbs.