Comments on: Do I Need a Building Permit when House Flipping?

By: fliprent

fliprent — Thu, 12 Jun 2008 13:39:08 +0000

DJ,

The big ticket items I try to avoid on quick flips are foundation issues, roof, and other structural problems. Unfortunately there is no fool proof way to do this. Get an inspection and make it a contingency in your purchase contract. You can read more about that here.

On my rehabs it doesnt matter as much because I expect these issues on a 100 year old city row houses.

By: DJ

DJ — Wed, 11 Jun 2008 21:11:26 +0000

When I find a house to fix and flip what areas are the most important to look at such as HVAC,Roof just trying not to dinged by any big ticket items.

Thanks for you help,

By: fliprent

fliprent — Mon, 09 Jun 2008 19:35:43 +0000

Absolutely JP! I actually go into the different ways that house are “flipped” in another post. What I refer do as a “house flipper” is fix and flip vs. wholesaling.

By: jp moses | REI Tips

jp moses | REI Tips — Mon, 09 Jun 2008 16:15:19 +0000

If you’re quick-flipping a house (i.e. wholesaling) obviously no permits are needed because you’re not doing any work to the house at all, but flipping it “as is”.

So I assume by “flip” in the above article, you must be referring strictly to the fix-and-flip side of the business?

…jp