This topic might not be the most exciting, but it’s one of the most important. I’m going to go through a few times you should practice patience in your house flipping projects and what you should be doing during that time. Patience is an underrated skill when it comes to flipping houses. With patience, you can have a more successful and profitable flip. Patience starts at the beginning of your … [Read more...] about The Power of Patience in House Flipping
8: Have a schedule Have a plan and a schedule so you can get started as soon as the closing is complete. Something I see from so many students when they come to work with me is a lack of planning or schedule that isn’t done correctly. I recommend, before you even sign the contract, before you own the house, before you have the keys, that you have a plan and a schedule in place. You … [Read more...] about 15 House Flipping Lessons I Learned in 15 Years (Part Two)
Today's blog is a detailed list of the top fifteen lessons I have learned over my 15 years flipping houses! While there’s truly no replacement for learning from doing, I have extensive experience and would love for you to learn from my mistakes and take the advice I hold true! I am happy to be a resource and help flippers and real estate investors. I have seen it all from luxury homes to … [Read more...] about 15 House Flipping Lessons I Learned in 15 Years (Part One)
A primary way you can lose profit on your flip project is by over-renovating. Over time, you’ll learn how to best walk the line between renovating enough and not too much. Think strategically to ensure you’re renovating what needs to be done without overdoing it. It’s a balance with an end goal of attracting the most potential buyers. There are eight main areas to consider when planning … [Read more...] about 8 Ways to Save Money on Renovations
Real estate is generally a great investment option. Successful real estate investing can be a perfect way to achieve regular cash flow and long-term income. Getting into real estate also has tax advantages and helps you diversify your portfolio and leverage elsewhere. House flipping isn’t the only way to get into real estate investing. I’m going to share with you five ways to get into … [Read more...] about Which of these Five Real Estate Investing Strategies is best for You?