5. No Equipment Investment
Many new ventures require that a significant investment be made in expensive equipment. Such is not the case for a flipping venture, generally speaking. You literally need no equipment whatsoever to make your first property purchase.
If you are going to undertake rehabbing a home for sale once you purchase it, equipment and tools can become an issue at that juncture. With that said, if you intend to undertake remodeling efforts on your own, odds are that this is a type of work that you’ve done in the past. Thus, if you will be doing your own remodeling work in your flipping business, you probably already own necessary equipment and tools or have relatively ready access to these necessary items.