Before diving into the house flipping business, you’ve likely had a glance into the life of a flipper through social media and house flipping shows. If that’s you, chances are you have some expectations of the process that might need to be debunked. The most common expectations are that flipping is easy, can be done quickly, that it’s a fast way to make money, and that details don’t matter. The … [Read more...] about House Flipping: Expectations vs. Reality
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Sell Your Flip with Affordable Luxury Design Elements
Luxury homes are more than grand staircases and expensive additions. The good news is, luxury design items don’t have to cost more. Some of the items found in more expensive and new homes can be added to your flip without adding a ton to your budget! To add value and give a flip a luxe feel, I like to focus on layout and function, upgraded materials, and comfort. Let’s get into my top … [Read more...] about Sell Your Flip with Affordable Luxury Design Elements
Why Realtors Should Invest in Real Estate
We’ve talked about it before: You don’t need a real estate license to flip houses. But if you do have your license, you should know the opportunity available. Real estate agents looking for additional income streams should consider real estate investing. There’s no clear answer to how many agents pursue investing, but experts estimate between 10 and 20%. It is a natural addition, but can also help … [Read more...] about Why Realtors Should Invest in Real Estate
Renovating and Selling Your Flip
Now that we’ve talked about how to find a flip property and how to fund your flip project, let’s discuss renovation and selling. While you’re likely eager to get to the demo day and renovations, it’s critical to have a foundation of knowledge and expectations. For those who are considering a fix and flip for the first time, it’s important to know there are many unknowns. Even if you’ve … [Read more...] about Renovating and Selling Your Flip
House Flip Funding Options
Are you clueless about funding a flip? Many new flippers get tripped up in this process, and I was one of them. Unfortunately, it delayed me from getting started. I believed there was only one way to purchase and renovate a house: Having the cash. While that may be the ideal situation, there are plenty of other ways to fund a flip. When you’re starting and building your profits, you must know … [Read more...] about House Flip Funding Options