Flipping a House

1. Check Comparable houses on the market in the area of your flip to see what they listed and sold for

2. Start Demolition

2.1. Dumpster Delivered

2.1.1. Porta-Potty Delivered

3. Funding

3.1. Cash out refi

3.1.1. Mortgage (Investment Loan)

3.2. Cash

4. Close!

4.1. Pull Permits with the Town

5. Hire Contractors

5.1. Plumber

5.1.1. Electrician

5.1.1.1. HVAC

5.1.1.1.1. Framer/Builder

5.2. General Contractor (GC)

5.2.1. Roofer

5.2.1.1. Siding/gutters

5.2.1.1.1. Driveway

6. Call For Inspection

6.1. ALL Contractors must be present!

7. Locating a great Fixer upper property with a Real Estate Agent

8. List the house on the market with your agent

9. Hopefully you made a profit Minus your expenses & capital gains income tax!