Questions About getting started

[Lady Flipper]

I think one of our members here recently did a laminate floor - she should be able to tell you more.

[realestatehound]

Check this out hebrewhero, talk to your Realtor and find out what price range home's are selling the best, then have them give you a list of bank owned homes. Go look at them and then have the Realtor give you the average sale price in the area of the homes you have picked out. This way you can find out what you can expect your home to sell for. Let's say that your average sale price on the home you like is $150,000 and the house you want is listed for $110,000 and you expect to spend $10,000 on repairs. Always add at least $2,000 for unexpected problems and if none come to light that's fine and if they do then you have the money to fix them. Look at all the homes for sale in the area you are looking to buy as I always try to make mine just a little better than what is listed and I alway price mine just a little below the others as their homes will sell yours. If I were going to make an offer on the $110,000 house I would offer them $90,000 the worst they can do is counter your offer and the best is that they accept it and always set a limit on what you will pay for it and never ever go over it. I won't buy a house if I can't make $20,000 off of it. But I'm a firm believer in the old saying a bird in the hand is worth 2 in the bush, so if I got a quick offer on my flip and I was only going to make $18,000 they would have just bought them a house. Hope this helps and hang in their, this is a tough business and if you are going to be successful you must get tough.

[flippinout]

Hello there hebrewhero. We just had laminate floors put down in our kitchen and in my office and the pieces snap together. Nothing sticky with the laminate flooring.

We chose laminate because we have a lot of traffic in our kitchen and the laminate doesnt show wear as quickly as actual wood would. Plus, there is a 25 year warranty on this flooring. We went with Pergo by the way.

And as far as looks are concerned, most people wouldnt be able to tell the difference between it and regular wood flooring unless they were a contractor or someone that knows wood well.

Our kitchen floor is 14 foot by 17 foot and it cost us under $700 to do it so price wise, you get a great floor covering for less than a lot of other coverings.

Hope this helped you.

[thehebrewhero]

Hey guys thanks for your input.. Im just getting rolling on this so I really appreciate all your help. Just out of curiosity do most of you do this full time? Can you flip all year long or just spring & summer?