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If a beginner wanted to get started in flipping homes, what would he/she need to know?
So far I have:
- How to buy (determining fair market value)
- How to find a good house to flip: what to look for
- Getting Realtors or birddogers to find properties for you
- At what price point should a noob start out with?
- Estimating repairs
- Knowing which repairs/fixes bring the higest return
- Estimated time on the market
- Estimated sales price
- How to find a good Realtor--or when to use a Realtor and when not to
- Pros and cons of having a real estate license
- How to stage
- How to choose colors
- How to landscape/choose landscaping
- How to attract buyers
- Which advertising is worth the money
- How to estimate closing costs/final costs
- How to have an open house
- How and when to negotiate with potential buyers
...Any other tips, tricks, topics or questions that a noob should know about/ask? Any common mistakes you guys see that you can list here?
As usual, any insight is much appreciated!
So far I have:
- How to buy (determining fair market value)
- How to find a good house to flip: what to look for
- Getting Realtors or birddogers to find properties for you
- At what price point should a noob start out with?
- Estimating repairs
- Knowing which repairs/fixes bring the higest return
- Estimated time on the market
- Estimated sales price
- How to find a good Realtor--or when to use a Realtor and when not to
- Pros and cons of having a real estate license
- How to stage
- How to choose colors
- How to landscape/choose landscaping
- How to attract buyers
- Which advertising is worth the money
- How to estimate closing costs/final costs
- How to have an open house
- How and when to negotiate with potential buyers
...Any other tips, tricks, topics or questions that a noob should know about/ask? Any common mistakes you guys see that you can list here?
As usual, any insight is much appreciated!
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