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.