There are 6 major steps when it comes to flipping houses. Below is a general outline of what you will need to do to complete a fix and flip.
Flipping houses is one of the sexiest of all the real estate investing strategies, but don’t let the glamour and hype of the T.V. shows and other programs fool you.
There is a lot of research and work involved with a fix and flip, and many beginning investors have quickly found themselves in over their heads on their first, second, and even tenth deal. My biggest advice for any investor looking to get into flipping houses is to educate yourself, find a deal with big margins (stay away from the low equity deals until you have more experience), and work with someone with experience if possible.