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Buying a house to Flip?

There are a few things you should know before starting such a venture, one is it is going to cost you money. How you choose to proceed will determine how much it s going to cost you.

The second is that some people think that hiring cheap individuals or the cheapest estimate will save them lots of money which will, in reality, cost them 3 to 4 times more in the end, causing a rise in material costs, labor and time delays due to the lack of quality workmanship.

The third is organization, a plan that keeps, respectfully, everyone involved focused on each and every Phase of the Job/Project.

Let s not forget accountability, place an experienced individual that will be present every day to oversee, organize and coordinate all aspects of the Job/Project. Obtaining the proper Permits, hiring licensed/insured contractors, licensed/insured Handyman Companies, Plumbers, Electricians, etc.

When reselling a home, all of these names must be available to the new owner who will be buying the home for future contact of warranty work.