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Posted over 3 years ago

If your looking to do your first flip or already started your first.

I've been in real estate for 10 years and have been an investment agent since 2014. My assistant broker who is my partner has helped me get deals and figure out cost of repairs and ARV. Just wanted to give an example of a situation where I helped a first time flipper. There was $100K to be made in this property that I found for the investor. I gave the investor a step by step process on how to flip the property. A week after owning the property the investor did the very last step I mentioned if they had money leftover. Plus know that you'll need to do some work yourself to make the most amount of money and also check up on the property a couple times a week if you've never worked with an of the contractors you choose. I would suggest finding sub-contractors as well and you can find these through real estate agents or asking people on social media. I would also suggest that you explain to the contractor that you don't pay them in advance; you pay weekly. I would also tell them to take photos for progress so you can see what they've done and receipts for supplies that they bought for the week. If you don't take control of your flip the contract will and this is where you'll lose money and time. Good luck and contact me if you have any questions.  


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