I have flipped dozens of properties over the years, and I know what to look for, and what to avoid. Here are my main parts of the decision making process:
This is part of my ‘Recipe for Success’. Many online tools, a lot of ‘pounding the pavement’, dealing with city and county government, and a large amount of patience and persistence do sift through these sources and make a solid, scientific decision
Only by following a thorough process building and planning a budget can wise investments be made. Whether this takes place on the back of a napkin, or a hundred different spreadsheets.. It needs to be done. After being through this process on dozens of investments, it gets easier!
The ability to look at a property and ‘see more’ is more art than science. Whether the plan is to paint and retrofit, or to knock down a couple of walls.. there is a fine line between success and failure