How To Flip A House: A Step By Step Guide
Define Your Area And Neighborhood
Research what kind of neighborhood you want to target. This will determine your price range, potential target buyers and also the level of rehab which would be needed.
Usually the properties which are great candidates for flipping will not be listed by real estate agents on Multiple Listing Services (MLS). There are several other ways successful house flippers find property
1. Rehab costs: This is the cost to actually fix up the property. J Scott in his book on Estimating Rehab Costs provides a great template to capture all details. Make sure you do not forget any permit and associated fees.