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Flipping looks glamorous on TV. In real life, it's a math problem with a construction schedule attached. Here is what beginners should understand first.
You buy a property below its potential value, improve it, and sell it for more than your total costs. The profit is what remains after purchase price, repairs, financing, insurance, taxes, utilities, agent and closing costs, and the time you hold it.
Older homes in towns like Quincy and Monticello can offer opportunities, but also larger repair surprises. Coastal properties in Wakulla County bring flood and insurance questions. Learning these local differences is part of coaching.
Many people do, but renovation schedules and unexpected issues require flexibility.
Not necessarily, but you need to understand costs and manage reliable contractors.
It varies widely and flips can lose money. Never rely on a promised figure.
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Call 850-408-7512