When did you get into house flipping?

Question

Also Did you have experience with Remodeling like fixing (walls,floor, roof etc) or did you just wing it? Just wondering

Mondo Guti · Answer

@Michael Plante I’m Glad I’m not the only one! I’m reading books on them and doing it! And I love it! Thank you for your response!

Michael Plante · Answer

1984

I don’t ever remember it being called flipping Just thought if I bought a house that was in bad shape and fixed it up I could make money

Paid $13,000 from cash advance on credit cards

I read the instructions on the brown paper wrapper around the shingles I bought as well as read books on plumbing I got from the library

Zero experience with anything related to working with tools or fixing things

Ignorance is bliss

Evan Polaski · Answer

@Mondo Guti, I did a lot of renovation projects on my first home (primary residence), so 2007. First property bought specifically for investment was 2011 with a bank REO property. This would be called a BRRRR now, but like Michael mentioned, BRRRR wasn't a think 10 years ago. First purpose bought flip was in 2015.

Or you can dial it back to 1988, when I watched and "helped" my dad finish our basement himself. I was 6 yrs old so my help was limited to giving my dad the wrong tools.

Personally, I don't think you need to know everything, but understanding basic construction process, ball parking costs, and finding or having good contractors all helps the process.

When did you get into house flipping?

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