In the realm of real estate investing, the impact of interest rates on the housing market has been a topic of much discussion. As interest rates continue to fluctuate, understanding their effects on real estate, particularly in the context of house flipping, is crucial for any investor's success. By exploring diverse financing options and strategic property purchases, you'll be well-equipped to … [Read more...] about Rising Rates and Real Estate Investing
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Building a Dream Team – Contractors
Building a winning team is crucial for the success of any project, especially when it involves hiring and managing contractors. In this blog post, we will address common questions and uncertainties surrounding the process of finding reliable contractors, establishing clear expectations, negotiating contracts and pricing, managing contractor relationships, and dealing with challenges and … [Read more...] about Building a Dream Team – Contractors
How Much Does it Really Cost to Flip a House?
When you’re flipping a house, there are several expenses that collectively, make up the big picture of the true cost of house flipping. There is definitely more than just labor and materials. To begin to assess all of the areas where you may incur those additional costs is a big task. With this guide behind you, you'll be well on the way to having an estimate as close to reality as … [Read more...] about How Much Does it Really Cost to Flip a House?
How to Get Started Flipping in 11 Easy Steps
How do you get started flipping houses in 2023? Many people won’t move forward (even though they really want to) because of the market or feeling unprepared. If you’re interested in starting flipping, you can, and you shouldn’t let the whispers about the market or predictions get in the way. Like I always say, you learn by doing. I’m going to break down 11 simple steps to getting started … [Read more...] about How to Get Started Flipping in 11 Easy Steps
5 Reasons Why Real Estate Agents Make the Best Investors
Real estate agents have a unique opportunity to leverage their expertise for investing. Let’s get into how real estate investing is an excellent opportunity for all, especially real estate agents. Investing in Real Estate Investing in real estate is a great way to build wealth. Real estate investing is an attractive avenue for building wealth because it is easy to gauge and … [Read more...] about 5 Reasons Why Real Estate Agents Make the Best Investors
9 Renovations that Add the Most Value
Real estate is unique and very localized. While there may be some shifts in pricing, according to Forbes, economists aren’t in agreement on what we can expect in the 2023 market. And lately, there seems to be a return to the multiple offers and supply shortages. As investors, the one thing we can control is the renovations that are made to the properties we're working on. As house flippers, … [Read more...] about 9 Renovations that Add the Most Value
5 Strategies to Market and Sell Your Flip Property
While you’ll hear plenty of opinions about the real estate market at any given time, I assure you that house flipping can be done in any real estate market. From starting in 2008 to the present day there's plenty of changes. While you can't control the market what you can control is how you're choosing to market your flip. There's a few key prinicples that when used can help you minimize the … [Read more...] about 5 Strategies to Market and Sell Your Flip Property
5 Tips for Staging a Home to Sell Fast
I stage every home I flip. In fact, I am so convinced that staging is key to a successful offer that I was doing it long before it became the norm. According to various industry experts (Real Estate Staging Association Publications, the National Association of Realtors, and Professional Staging), 85% of staged homes sold for 5 to 23% over their listing price. Additionally, a staged … [Read more...] about 5 Tips for Staging a Home to Sell Fast
5 Things I Wish I Knew Sooner When it Comes to Flipping
I've definitely learned a few truths that would have been helpful early in my real estate investing business. I flipped my first property back in 2008. And in 2013, moved into real estate investing and house flipping full-time. It is still my primary business, by and large. I'm going to hit five points that hopefully will trigger something for you. I'll talk a little bit about what my challenge … [Read more...] about 5 Things I Wish I Knew Sooner When it Comes to Flipping
Simplify the Flip Process with this Flip Checklist
I have created content related to just about every aspect of flipping. For this week's post, I want to zoom out and give you a checklist to simplify your house-flipping business and processes for each project. The following checklist includes nine steps, from finding the house to selling the home. 1 - Find Good Deals First on our checklist is to find good deals. Sure, a … [Read more...] about Simplify the Flip Process with this Flip Checklist
Renovating Your Flip
Now that we’ve talked about how to find a flip property and how to fund your flip project let’s discuss renovations. I learned through many years of flipping homes how much I rely on a plan before renovating. I have also learned that there are unknowns, so having the details you have power over helps to make unexpected roadblocks and changes to the budget or schedule less … [Read more...] about Renovating Your Flip
Guide to Funding Your Flip
Getting started in the house-flipping business means addressing your funding options almost immediately. It’s typically the most asked question and can keep people from ever starting. The good news is: Funding your flip doesn’t have to be an obstacle. Many people get tripped up in this process, and I was one of them. It delayed me from getting started for years. I believed there was only one … [Read more...] about Guide to Funding Your Flip
How to Find the Right Area for Flipping
Though it may be tempting to look to the media for insight real estate is incredibly localized. General statements about one market in the country may not be true for others. Here are a few benchmarks to look at in potential areas you may consider for flipping. While not all of these have to be present the more there are the stronger the indication that the area may be a great … [Read more...] about How to Find the Right Area for Flipping
7 Ways to Simplify Working with Contractors
As someone who has been through many renovations, I am asked many questions about the process, my experience, and tips for success. One of the most common questions is how to work with contractors. I have heard the comments, so I know contractors can get a bad rap. Thankfully, this doesn’t have to be your experience. I work with exceptional contractors and have devised seven proven ways … [Read more...] about 7 Ways to Simplify Working with Contractors