Here’s what you need to know about fixing a home and flipping it.

Today, we will discuss how to build a fix-and-flip team. This is part one of a series on fixing and flipping. Buying a distressed property, renovating and upgrading it, and then selling it can be a great way to generate cash. However, it can also lead to losses if not done properly.

Having the right people in the right positions is crucial. Everyone needs to excel at their job to make this work. So, let's start by talking about the team you'll need. First and foremost, you'll need financing. If you don't have the cash to purchase the property and complete all the repairs, you'll likely require a hard money lender.

“A good team makes all the difference.”

Secondly, you'll need a great real estate agent, which you probably already have with us. Thirdly, an architect or a draftsman to design the property as per your preferences. Fourthly, your construction crew, which can include drywall experts, electricians, cement workers, plumbers, and many more. A great construction crew is necessary to ensure the project's success.

Fifthly, you'll require a staging company or an interior designer to help you present the property in the best possible light. Lastly, you'll need a CPA or bookkeeper to manage your finances.

We can connect you with people who will provide a quality service or product in many different areas and who will provide exceptional customer service with fair pricing. Call or email us today, and we’d be happy to make the introduction. With over 20 years of experience with flipping homes in several real estate markets, we want to be your go-to resource.