New member from Wilmington, NC

[Nicole S.]

Hello, my name is Nicole. I have a full time job working for an Engineered Wood Products Company as a Safety Manager. Growing up in New Orleans, my Dad taught me how to do small things around the house as he remodeled our 100 year old home from top to bottom. Recently, my husband and I bought a home in Wilmington that was run down and sat empty for more than a year. I knew it had potential and for the last 3 months, we've renovated it from the bottom to the top. My Dad's interest in fixing up homes apparently had worn off on me - and it was SO MUCH FUN! Today, I am trying to learn as much as I can about real estate investing and would like to start flipping homes in our area. Any advice on how to start this business part-time would be greatly appreciated. I'm looking forward to starting this journey.

[Nigel Whitmarsh]

@Nicole S. welcome to BP. 

Flipping can certainly be done part-time, but it won't maximize your returns with holding costs.  This means you need to buy especially well a(t a highly discounted price).

Having a great and trustworthy contractor helps too on things you won't be doing yourself (permits).

Finally a flexible Realtor is one of my must haves, one that can bird dog you deals and sell your flip for the ARV price they gave you at the beginning.

Good luck - there is a lot of  competition in Wilmywood.