How To Flip Houses In 2023 | Step By Step Guide

Here are the steps to flip houses!


House flipping is the process of buying a distressed property, renovating it, and selling it for a profit. It can be a lucrative business for those who know what they are doing.

Research the market:
Before you start flipping houses, you need to research the market. You need to know what kind of properties are selling and for how much. Look for properties that are undervalued, and in need of some work, but not so much that they're a total gut job.

Calculate your expenses:
When flipping houses, it's important to calculate your expenses. This includes the cost of the property, renovations, permits, and any other expenses that may arise. You need to know how much you're going to spend before you start so you can calculate your potential profit.
Here are some things to consider when calculating arv
Other than the repair cost

Lender fees
Holding cost
Realtor fees
Title fees

Then the rest is profit

Renovations:
Once you've purchased your property, it's time to start renovating. Make sure you hire licensed and insured contractors to do the work. You don't want to cut corners when it comes to renovations as this can cost you more in the long run.

Market your property:
After renovations are complete, it's time to market your property. Make sure you stage the property and take professional photos. List your property on the Multiple Listing Service (MLS), as well as on popular real estate websites.

Negotiate the sale:
When you start receiving offers, it's important to negotiate the sale. Don't be afraid to counteroffer or walk away from a deal if it's not in your best interest. It's better to wait for the right buyer who will give you the best return on your investment.

Flipping houses can be a profitable business if done correctly. Remember to research the market, calculate your expenses, hire licensed and insured contractors, market your property, and negotiate the sale. Thanks for watching, and if you found this video helpful, please give it a thumbs up and subscribe to my channel for more real estate tips and tricks.


#houseflipping #houseflipper #houseflipping2023 #realestateinvesting real estate investing for beginners
---------------------------------------------------------------------------------------------------------------------------
►GET YOUR FREE STOCKS

https://a.webull.com/3xbUMD2i9LKCOhR8qr

►MY FAVORITE CREDIT CARDS

Discover it
Earn a $100 for sign up and then 5% in rotating categories and 1 percent on everything else AND THEY WILL MATCH IT
https://refer.discover.com/s/LUIS972

Chase Sapphire Preferred
Earn 60,000 bonus points with Chase Sapphire Preferred. I can be rewarded, and learn more.
https://www.referyourchasecard.com/6f/D5UAUXS0UH

Both Chase Freedom
Earn $200 cash back with Chase Freedom Unlimited or Chase Freedom Flex credit card. I can be rewarded, learn more.
https://www.referyourchasecard.com/18o/ZEGR3SYXPL

► FOLLOW ME
- Instagram: https://www.instagram.com/luis.ojedacompass/

for business inquiries email: [email protected]


*None of this is meant to be construed as investment advice, it's for entertainment purposes only. The links above include affiliate commissions or referrals. I'm part of an affiliate network and I receive compensation from partner websites. The video is accurate as of the posting date but may not be accurate in the future.