If you are going to flip houses in Texas you need to find a good foundation man asap because 95% of the houses you are going to look at will need to have the foundation repaired. I actually found my foundation guy while looking at a potential flip. Try to find someone with lifetime warranty on their work, but that will also give you a break since you will be using them over and over again. Always remeber as a flipper you are a gold mine to contractors because you are constant business to them, and they will give you a break. So, be sure to line up a good foundation company before your next flip in Texas.
I don’t just want to be a house flipper, I want to be a true real estate investor that has a huge portfolio of properties that are cash flowing from rentals. I flip houses so that I can take the profits and apply them to purchasing a rental property that I will not sell. Since the rental is free and clear the income from it is total profit, and adding to my wealth. My goal is to have 25 rental properties by age 35 thus, making me a millionaire from my assests. Now, the problem is that I have to figure out how to flip more properties faster since I have only flipped 2 properties in the last year and a half. But, It is just another challenge we will overcome with experience.
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I want to continue on why it is important to get a home inspection. If you get the home inspection then fix everything on the list, and have the house re inspected. Then you can show you buyer that the house has had a full inspection, and everything was brought up to code. This might make the buyer decide not to pay for a home inspection since you have already taken care of it, and will stop you from a ton of headaches.
I want to 1st invite everyone to my website for more information at http://www.houselistedfree.com/ I am a house flipper and I have learned the hard way what works and does not work in the real estate flipping business. I would like to teach you both Tonight, lesson 1 is get a home inspection this is so important because it will show you everything that is wrong with the house, and you can know what you are getting into before you buy. When we bought our 1st flip house we did not get a home inspection and it cost us around 5,000 in repairs that we did not see. Get the inspection you will be glad you did.
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