Updated over 19 years ago on . Most recent reply
New Member
Hi All,
I'm new to the forum and wanted to introduce myself. I have run a couple very small businesses that have done well. I have finally reached the conclusion that I am going to do flippers. My husband and I are quite handy. We just completely redid the house we bought 1.5 years ago (totally redone kitchen, bath, flooring etc... and we're now working on creating a built in entertainment center) It was pretty fun seeing the house transformed. It also gave me a good feel for how long things take and what they cost.
I believe in VERY calculated risks. If risks can't be properly calculated, the investment must be very minimal. I am here gleaning all information I can....:D I hope to get my first flipper within 6 months. I believe the market (AZ) will be pretty stable by then. It is already stabalizing in "in town" areas. Anyone in Phoenix area in AZ with thoughts on the market?
My first AZ flipper will be as cheap a purchase as possible (requiring only "easy" stuff like landscaping, paint, carpet, etc). I'd love to enclose a carport and make it into a garage on a future flip. That'd be a great value add especially in an area where most houses already have it done. But I won't be doing that on my first flip. Way too involved/expensive for my first one.
I'm really looking forward to getting to know everyone here! Alright, I'm off to the library to see what books I can find. Any suggestions for reading? I'd like to read from authors that have actually flipped properties.. and were successful.