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
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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
Rambler Design Flip Edition
Taking a classic floorplan from closed and cramped to an open and light filled stunner. As I’ve said before, there is more than one consideration when deciding if a home is right for you and your next flip project. Some of the main things to consider are the location and layout of the house. In this flip, the highlight of this purchase is the area it was in. While the space and layout … [Read more...] about Rambler Design Flip Edition