Fix and flip recommendations for first property

[Tyler Jones]

Any recommendations on first real estate flip?Markets in greater Chicago area that are pretty active and potential. Also how much a property can increase in value when installing energy efficient appliances and solar pv?

[Michael Guzik]

@Tyler Jones My recommendation is to LEARN YOUR MARKET my friend. That is so very important. Your knowledge will help you so much because hopefully you will be able to tell right away whether a deal is a deal or not. However don't let this overtake you and get stuck in the analysis paralysis faze. Get out of your comfort zone and network with other investors and agents and get their opinions and views on where to buy, flip and avoid. There are so many different variables that go into flipping a property I could be here all day honestly. I don't install appliances on flips and I haven't ever done solar panels so I can't really help you there, those would be more for rentals in my opinion. Just make sure the numbers work, and you aren't trusting the person who showed you the deal or brought it to you completely. Trust bu verify my friend. Definitely a good idea to get a flip in a gentrifying neighborhood that is still a little rough but is showing very promising signs of appreciation and change. That is where you make the big bucks! Good luck brother!