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The Quick-and-Easy Guide to Getting Started With House Flipping

May 6, 2025 | Uncategorized

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Investing in real estate is one of the oldest means of building and storing wealth. However, it is only just recently that “flipping” of houses – buying at a low price, renovating and selling at a higher price – became popular. For many, house flipping has become a full-time career and their primary source of income.

So, are you interested in learning what it takes to become a successful house flipper? Read on to learn more about this fun and exciting way to invest in real estate.

Research Local Regulations And Legal Requirements

The first thing you’ll want to do is start researching the local regulations and requirements for house flippers. You can either go online and read through the laws or call up an experienced real estate agent and ask them. Either way, you need to know the rules of the game you’re about to enter.

Gathering The Resources You’ll Need

Next, you’ll want to gather your resources – both financial and human. You will, of course, need to have some cash set aside for a down payment, or for buying houses outright. At minimum, you will also need a real estate agent, a mortgage professional and a real estate attorney. You may also need contractors to help you with renovations unless you have the skills and experience necessary for this.

How To Assess Potential Investment Properties

Successful house flippers develop an eye for undervalued properties. Your goal is to find a home that is listed low but has a lot of room for improvement. The fundamentals of the property – its location, the size of the land, the home’s foundation, etc. – should be good.

You will also want to get good at sourcing out homeowners that are willing to sell but haven’t listed their home yet. If you can secure a private sale, you’re going to save money and avoid having to bid against other flippers.

Making Your First Flip

You’ve built your team, learned the rules and have started to hunt for listings. Now, you need to decide and make your move. As foreclosure rates have trended down recently, it can be hard to find the perfect opportunity. However, as this is your first flip, your goals should be centered on learning the flipping process without losing any money. Keep an open mind and don’t worry about trying to score big. Instead, buy the right home, renovate to add value and relist quickly so you can move on.

If you are considering selling your home, be sure to contact us at (480) 582-5050 or email us at info@webuyhomescash.com so we can provide you with a Fair Cash Offer on your Maricopa County house.

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    We had made a move out west from North Carolina for business reasons, and we did not have time to finish some upgrades such as new carpet, fixing a small area of mold in one of the bathrooms, and some painting.  We had selected an investor in NC who advertised quick closings, all cash for as-is homes.  They backed out of the deal at the last minute, and we had a home under construction in Utah.


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    I had been wanting to sell my house for several months but every realtor I talked to needed me to clean up my house and I have 30 years worth of stuff here.  I was not able to get rid of my stuff or pack it all away.  My home also needed some repairs like the roof and some plumbing stuff.  I called We Buy Homes Cash and the experience was amazing.  They gave me $2,000 up front so I could buy the moving supplies I needed to pack.  Then they let me stay in the house for 2 weeks after they closed.  This was so helpful.  Thank you so much Tyson and all the others that helped me make my move to Ohio possible.

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