This section focuses on understanding the real estate market and identifying profitable properties. You will learn how to analyze market trends, assess property values, and choose the right investment opportunities.

• Conduct research on local real estate trends.
• Identify key factors that influence property value.
• Create a checklist for evaluating potential properties.
• Analyze at least three properties to determine their viability for flipping.
• Present findings with a SWOT analysis for each property.
• Gather feedback from peers on property selections.
• Document your research process for future reference.

Learn to create a realistic budget that encompasses all aspects of renovation. This section will teach you how to estimate costs, prioritize renovations, and allocate resources effectively.

• Identify all potential renovation tasks and their costs.
• Research average costs for materials and labor in your area.
• Develop a comprehensive renovation budget spreadsheet.
• Create a timeline for renovations and budget allocation.
• Analyze how budget constraints can impact renovation choices.
• Present your budget to peers for constructive criticism.
• Adjust your budget based on feedback received.

This section covers the practical aspects of executing your renovation plan. You'll learn about project management, contractor selection, and quality control during renovations.

• Develop a detailed renovation plan based on your budget.
• Research and select contractors or DIY options for renovations.
• Create a project timeline with milestones for each renovation task.
• Establish quality control measures to ensure renovation standards.
• Document the renovation process through photos and notes.
• Adjust plans based on unforeseen challenges encountered during renovations.
• Reflect on the renovation experience and lessons learned.

Explore effective sales strategies for flipped properties. This section will teach you how to market your property, set the right price, and negotiate with potential buyers.

• Research current sales strategies in your area.
• Develop a marketing plan to attract potential buyers.
• Create a pricing strategy based on market analysis and property value.
• Prepare a presentation for potential buyers, highlighting property features.
• Role-play negotiation scenarios with peers for practice.
• Gather feedback on your sales strategy and presentation.
• Reflect on the sales process and your personal growth in this area.

In this final phase, you will compile all previous sections to create a comprehensive step-by-step house flipping plan. This document will serve as a tangible representation of your learning and readiness to enter the real estate market.

• Gather all documents, budgets, plans, and analyses from previous sections.
• Organize the content into a cohesive format, suitable for presentation.
• Include a reflective section on your learning journey throughout the project.
• Prepare a presentation to showcase your complete house flipping plan.
• Share your project with peers for feedback and suggestions.
• Revise your plan based on peer feedback and self-reflection.
• Submit the final project as a portfolio piece.