RemodelingCalculator 1. Seasoned realtor with a strong grasp on marketing It’s important to team up with an experienced realtor. Find someone who has been working in the area for a long time, and knows the market backwards and forwards. They could also potentially recommend a reliable construction crew, talented photographer, and other connections that will make your first flip run smoothly. JSmithRevealedStudios 2. Create a detailed business plan Flipping houses is not a hobby, it is a business, and must be treated as such. Otherwise, you run the risk of losing a lot of money and gaining a lot of headaches. Map out every possible expense while determining your budget, and always calculate for unexpected costs. MySECO 3. Start small For your very first flip, start small. Do not take on a huge and expensive project your first go-around. On one hand, the margin for losing money will be much larger, and on the other, you could get very overwhelmed very quic