Beginner home flipper
In need of some tips and tricks, anything helpful that you may find could help out a beginner home flipper?
There is enough information on this site to teach you everything you can possibly learn through reading. Read through the forums, read through the blog posts, watch the related webinars, and check out the BP flipping/estimating books:
Simply put- Know your numbers First of all! don't pay too much for the property.
Expect the worst and always prepare for that. Its not always smooth sailing.
Secondly- Vet your contractors and Subs, If they want payment up front be very careful (I Don't Pay anything up front unless I have a few people that can vouch for them, and its nothing more than paying for materials). Set clear expectations and deadlines and stick to them.
https://www.biggerpockets.com/...
I'll be talking about how to determine the right amount of rehab to maximize profits on your next flip.