House Flipping Essay

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People who engage in house flipping can see a “diamond in the rough” when it comes to looking at rundown homes. Simply put, house flipping entails buying a house with the goal of fixing it up and then selling it for a profit. This endeavor is not meant to be done by one person, but it involves a team of qualified team players. House flipping can be a major undertaking if you don’t have the right team members. Rather than finding your team members in the telephone yellow pages, take the time to ask for references. If you’re considering house flipping, here are some of the main house flipping team members you’ll, as well as the qualities to look for when selecting them. Realtor Unless you have a license to practice real estate, one of the most critical team members of a house flipping team is a top-notch, licensed realtor. If you think you don’t need a real estate agent on your team, consider all the time it can take to manage every detail of selling the house that you’ve flipped. A good realtor not only shows your property, but also deals with phone calls and works with lenders. In other words, your realtor should be engaged in all aspects of your flip.…show more content…
A good realtor should be able to communicate with you, keeping you abreast of any changes. General Contractor A good general contractor should be included in your team. This professional needs to know not only what needs to be repaired and how to fix it, but also be able to give you an amount of what it repairs will cost and how long it will take. What’s more, your general contractor should be familiar with state laws, concerning paying non-licensed repairmen. Other qualities include being able to stay within a set budget and have a good track

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