The Mercury

ADVICE FOR FIRST-TIME FLIPPERS

- Supplied by www.ooba.co.za

STEP 1

How to get started flipping houses can be immensely rewarding if you go about it sensibly, practicall­y and with sound financial backing from a reputable bond originator.

STEP 2

Develop a business plan so that you can apply sound financial practices to managing flipping houses. You want to make a profit, after all.

STEP 3

Choose the location of your desired property wisely. The worst house in the best area is ideal.

STEP 4

Select the team who is going to help you with the renovation.

STEP 5

Get referrals, quotes and commitment­s of time and expertise.

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