The best way to get the skills that you need to be able to go through this type of process and actually succeed, is by reading the books and blogs, as well as listening to some of Than Merrill’s speeches in the San Diego area and really absorb what they have to say.
Flipping real estate in San Diego, California is no different than flipping houses in any given area, except the market is a lot better in San Diego than it is in a lot of areas at the current moment. Flipping real estate really comes down to being able to eye up any property and being able to determine whether or not you can make money on the home. There are a handful of things that will allow a person to be able to come up with an accurate number, but the reality is that it comes down to analysis and practice.
You will have to be able to diagnose a home and determine what is wrong with the home, if anything. This means you will need to understand all of the various systems that run the home and be able to determine if there is anything wrong with them or not. You can get some outside help at first, but this is a critical element of flipping homes, as this ends up giving you a general ball park idea of how valuable the home is. You will need to know what needs to be done to fix the home and the approximate price that it is going to take. It is greatly beneficial to have contractors readily available for you to call and inquire about estimates and also to have the work done, which streamlines the process of flipping homes, although you can start out slow and work your way up. In the end, the propensity of benefiting monetarily from buying a home, fixing it up, and selling it comes down to a mathematical equation that can literally be written down on paper and determined.
Without question, the best way to get the skills that you need to be able to go through this type of process and actually succeed, is by reading the books and blogs, as well as listening to some of Than Merrill’s speeches in the San Diego area and really absorb what they have to say. In essence, they are going to teach you how to be able to eye up a property and how to determine the overall value of any given property. There are tons of gurus in San Diego to look out for. Some of the top names are John Goodell, Seth O,Byrne, and Alan Hamrick, who are all viable options to listen to.