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)
design
8 Ways to Save Money on Renovations
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
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