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Updated over 1 year ago on . Most recent reply
What to look for in a market when house flipping?
I've been reading up on house flipping and have been trying to practice looking for deals on sites like Zillow and Redfin so I know what to look for when I turn 18 and can actually buy them. My problem is I don't know what to look for in a market when it comes to flipping. Is it the same if you were looking for a place to buy rentals? Please provide any and all advice, and thank you for your time.
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#5 Buying & Selling Real Estate Contributor
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#5 Buying & Selling Real Estate Contributor
- Real Estate Agent
- Kansas City
It's based on numbers. You need to know rehab and ARV. Are you able to buy property when you turn 18? I'd focus on building funds, credit. On your first deal I think a house hack is better, flipping a home at 18 is definitely risky. At 18 you have plenty of time so don't get caught in the excitement, make smart moves.
- Caleb Brown