Flipping a house can seem like an overwhelming task, especially as a beginner. But fear not, because we have Rene Hosman, a rookie house flipper, here to guide you through each step of the process. From finding deals to managing renovation costs, we’ve got you covered. Let’s dive into Rene’s journey and learn the ropes of flipping houses in 2024.
- Finding the Deal:
Rene shares her experience of landing a deal in the competitive Denver real estate market. She highlights the importance of networking, seizing off-market opportunities, and leveraging her connections to secure the property. - Financing the Flip:
Facing a cash-only offer requirement, Rene tapped into her network and found a lender who swiftly provided the funds within 24 hours. This showcases the power of building relationships in real estate investing and being resourceful in challenging situations. -
Estimating Rehab Costs:
One of the crucial aspects of flipping a house is accurately estimating renovation costs. Rene walks us through her detailed budgeting process, utilizing online tools like the BiggerPockets rehab calculator, visiting stores for price comparisons, and seeking advice from seasoned investors to set up a realistic budget with a buffer for unexpected expenses.
Rene’s story shines a light on the importance of networking, learning from experienced investors, and being proactive in the real estate realm. By following her journey, beginners can gain valuable insights into the house flipping process. So, whether you’re eyeing your first flip or looking to enhance your real estate skills, Rene’s journey is a testament to the possibilities that lie in the world of house flipping.
In conclusion, Rene Hosman’s real-time journey as a rookie investor sheds light on the challenges and triumphs of flipping houses. Through networking, resourcefulness, and thorough research, Rene demonstrates that flipping houses is not just about renovating properties; it’s about building relationships, honing financial skills, and embracing the learning curve. So, take Rene’s story as inspiration and embark on your house flipping journey with confidence and knowledge.
