How to get started flipping houses?
I have bought and sold three houses, renovating them while living in them over the years. I am now at a point where I have cash to purchase a home, renovate it and sell it for a profit. However, I have noticed that the really good deals are usually picked over by realtors, or they are not great deals. What would you recommend for me on how to go about getting started to flipping houses as a full time job? I presently work as an engineer at a fortune 500 company, but I am growing weary of working for corporate america. I need a change in my life. I enjoy renovating houses and have a passion and an eye for it. I purchased a house in 2010 for $180k and sold it in 2017 for $340 after only putting about $20K to $25k into it. Any ideas would be greatly appreciated.
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It sounds like you’ve been doing really well flipping houses part-time. There are so many ways to find good deals on properties to flip. You could look for pre-foreclosures, for sale bny owner properties, REOs, or goto a foreclosure auction, or become a realtor yourself so you know what’s on the market and the available inventory. You could also join a real estate investment group that may have access to off-market deals. We have a robust section on real estate investing, so I recommend reading some of our articles on flipping houses. I also included links to a few that I think you will find helpful. Stay in touch and let us know how it works out.
All the best,