Zillow’s Home Buyer press release, “75% of Home Buyers have Regrets About Their New Home,” has quite the shocking title, but there’s a lot to learn as a flipper. The survey is from February 2022, where new home buyers shared their top regrets. As we know, the real estate market has been in overdrive for the past couple of years. Houses are selling for over asking, and the supply isn’t meeting … [Read more...] about What Zillow’s Home Buyer Regret Survey Says About Flipping
Buy a Flip
Like any other business, some people excel, and others struggle. Flipping houses is not a specific science, but several things set the ones who do it well, apart from those who don’t. I came up with four things that set successful flippers apart. Let’s get into four ways people who excel at house flipping differ from those who don’t. Buy the Right House to Flip The ones who excel at … [Read more...] about Why Some People Excel at House Flipping and Some People Don’t
Each year flips are looking better and better! Investors who take the time to meet and exceed the expectations of buyers and comparable properties stand out and get quick sales. What does that mean for you? Small things will make a difference when buyers walk through your flip. There are tons of design choices you can make, and it comes down to being intentional and going the extra step. I … [Read more...] about 2022 House Flip Design Tips
Flipping houses is a business full of decisions. Each choice you make has the potential to impact your timeline and profit. A wrong choice can cut into your final profit and throw off your schedule completely. We’re not only talking about the big choices here. There are dozens of small decisions you’re making that individually or collectively can hinder the success of your flip. I … [Read more...] about Steps in a House Flip Too Costly to Miss
The key to success is in the numbers when it comes to flipping. There are a few key numbers to consider when you start flipping, and you will decide what houses you’ll flip and which ones you’ll pass on based on these numbers. So, which is more important, purchase price or sales price? There’s actually a third number you’ll need more than anything else. Purchase Price The purchase price … [Read more...] about Which is More Important? Purchase Price or Sale Price?