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What advice Do you have to someone who is going to flip houses?

Within the next probibly 10 years i plan on flipping houses as a fulltime job for myself and some extra income to fall in. What advice,tips, or just pure good money ideas do help in this process?

This entry was posted on Saturday, January 10th, 2009 at 8:43 am and is filed under Advice. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.

One Response to “What advice Do you have to someone who is going to flip houses?”

  1. earlyeditiondude on January 10th, 2009 at 8:43 am

    I guess you go tthe FLIP THAT HOUSE or FLIP THIS HOUSE bug.

    Do the following and you should be okay:

    1) Take 3 years to educate yourself on every facets of the real estate market, not just nationally but also regionally

    2) Turn off all of those infomercials that promise easy money, those are crap and people should not invest over $50 for a good product

    3) check out http://www.investinuglyhomes.com it has great information on investing in real estate

    4) Make friends with real estate investors in your town, also be friends with realtors, brokers, everyone in town

    5) Slowly check out properties of interest

    6) Save money and find other ventures in order to make money

    7) Start buying http://www.investinuglyhomes.com when homea are cheaper.