Flip or Fold: Top 5 Rules to Keep in Mind when Beginning a House Flipping Project
3. Research, Design, Refine
Planning will make or break any project. Too many times new flippers will either go in too eager without having gotten the appropriate information to be successful or put their money into the wrong aspects of the flip. Just as often, new flippers get stuck in the first stages of planning. During times of pause or indecision I always found comfort in a three part process.
- Research: In this group’s information page you will find a well organized list of trusted references whose advice and tutorials complement my own. The list will be ever growing, as well rounded advice is added by members.
- Design: Should be based on the research and scheduled in tasks on a timeline to keep you accountable. Design will, for the most part, be an individual experience, but you can post as many visual aids and progress pictures as possible. As you give and receive advice, you help the entire group.
- Refine: is in my opinion the most important step because no matter how much you mess the first two up (and you will), with the right advice it can usually be fixed.
My Old House is actually up for sale again ! I do not have it listed but it is still a great old house