re: Flipping houses as sole income?

Flipping is about 50% of my income, whereas repping buyers and sellers is the other 50%. If you know what you are doing you can make very good money. My big 2 are structural and water damage/issues. I don’t mess with either. Everything else is fairly easy to address and in most instances I’m ripping everything out anyways so the more dilapidated the better. In this market just starting out I would recommend one project at a time, close, and go to the next. I have one closing this week and one next Monday, have two that I’m about to start, but I’ve been at this awhile now. You will learn something from every flip to take to the next one. Learn how to do things like tile, changes outlets/lightswitches, hang chandeliers, build wood closets, install cabinets, etc...those time consuming things will eat you up in labor costs and if you do those little things flip to flip at the end of the year it adds up to 10’s of 1000’s of dollars.
I also recommmend you get your real estate license and hang it at a pay per transaction brokerage to save money as well.

Good luck!