Deal check checklist
Checklist for real estate flippers
For property flippers who want first time flippers and small partners coming to them for a way to check a deal.
Guide
Your first flip, start to finish
How to use this guide
Share this with anyone who asks how to start. A calm, honest outline earns trust before money is mentioned.
What is inside
Know what you are doingFlipping means buying a property, improving it and selling it for more than it cost you in total.
Set your limits firstDecide how much you can put in and lose without damage to your life, and write down the minimum profit that makes a project worth it.
Find a dealLook for properties that need work but are structurally sound.
Fund itMany flippers use short term finance, a partner or their own savings.
Plan the workWrite the work in the order it must happen, and price each line.
Manage the buildVisit the property often and keep your notes and photographs.
SellAsk more than one agent for a valuation and their evidence.
Count the tax and the paperworkProfit from buying and selling property can be taxed as trading income rather than as a capital gain, depending on your circumstances.
Three title ideas for your own version
Your first flip, start to finish
How to flip a house for the first time
The plain guide to a first property flip
Where to promote it
Property investor groupsLinkedInlocal meetupsa link in your partner welcome note
Why give newcomers a guide to flipping?
People who search for how a flip works find hype or jargon. A calm guide from a working flipper brings the right partners to you.
Make this guide your own
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