The first “must have” is a group of knowledgeable investors already in the field of flipping. Learn from the successful investors that will be real with you and explain the risk of taking on an investment property, and learn from the mistakes uneducated investors made that caused them to lose money.
		Many investors also carry their real estate license; witch is extremely helpful for flipping homes. An investor should either obtain their real estate license or build a solid relationship with a contemporary agent who will be up to date on all aspects of the home you are going to buy and flip. Weather the investor or the agent, one must know; what prices are selling for in the area, what future business or residential properties will be going up in the area and if the home being considered is a safe structure with a goof foundation to minimize cost of repairs.
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