If you binge-watch enough 30-minute TV episodes, or spend a substantial amount of time scrolling through Pinterest boards, you might eventually be tempted to buy a fixer-upper for your next home.
18 Sep
11 Sep
What Does It Take to Flip a Property Successfully?
New property investors often gravitate toward the idea of property flipping, because it sounds very enticing. The idea is to buy a house that’s either in poor condition or is being offered at an extremely attractive price, fix it or improve it in some vital ways, and then sell the home again, sometimes mere months after buying it, for a profit.
It all sounds good on paper, but the realities of property flipping are much more complex.
… [Read More]
24 Aug
How to Accurately Estimate Repair Costs on a House Flip
House flipping is something every real estate investor has thought about trying at one point or another. It offers a chance for huge returns over a short period of time, but it can also prove to be costly if you don’t know what you’re doing when doing a house flip.
In addition to picking the right property, one of the most important skills is to accurately estimate repair costs on the front end so you maximize profits on the back end. While this is an acquired skill that you’ll become better at over time, it’s imperative that you learn about how to estimate rehab costs before entering into your first deal. … [Read More]
13 Apr
12 Steps to a Successful First House Flip
Television shows like Flip or Flop and Fixer Upper make it look easy to find an outdated, low-priced home and transform it into an incredible property that nearly doubles in value. The reality for most home flippers is a little different. It takes time, money, and expertise to flip a property, and most first-time flippers flounder as they try to regain control of their projects.
The road to a successful house flip is riddled with ups and downs. If you’re prepared with the right tools and knowledge during your house flipping journey, you’ll be much better off…. [Read More]