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Rehabbing & House Flipping

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Michael Thorne
Pro Member
  • Arlington, TX
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54
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First Flip - getting things lined up

Michael Thorne
Pro Member
  • Arlington, TX
Posted Apr 6 2021, 14:33

HI BP Community - 

I have contracted a house for my first flip in Arlington, TX. I got it from a larger wholesaler and the margins are thin, so to get the best return, it needs to be "nice" - have a little bit of that wow to it to maximize ARV to compare to comps, but with a real cap on expenses. Plus, I am using hard money so time is of the essence. I close 4/21.

What advice/guidance do you have out there for getting things in order so that when I close I can hit the ground running on 4/22?  E.G. lining up contractors & getting bids while i can’t go through the house?  Buying/ordering supplies? Is there an order that you like to do things? (Ceiling, walls & paint, floors).  What mistakes have you made that I can learn from?  Thanks!!

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