(Hint: It’s not for everyone...check to see if you’re in the mix) As someone who started out flipping a single house just to see if it was something that I enjoyed I know how uncomfortable it can be to try something new. Especially when you’re truly starting from square zero. After completing that one flip successfully I knew that I could repeat those steps and … [Read more...] about Who May Be a Good Candidate for House Flipping?
fixer-upper
Not So Frequently Asked House Flipping Questions
Flipping houses can be a path to a small or larger business depending upon your goal. It can also result in blown budgets and small returns if you’re not mindful of the process. To ensure you’re making the most of your investment and time wisely, you'll want to spend some time thinking about what you can expect. If you've never flipped a house before, but the thought of being your own … [Read more...] about Not So Frequently Asked House Flipping Questions
Flip Reveal: Rambler Re-Imagined (and a Bonus Space)
The latest flip included a first in the 13 years I have been working on houses. This project was the first time we included building an addition. And while it was a small addition, there were some lessons to be learned about the process and the cost. This house was purchased in September of 2020 and although the process for permits immediately, there was a series of events that … [Read more...] about Flip Reveal: Rambler Re-Imagined (and a Bonus Space)
Top 5 Ways to Avoid a Renovation Nightmare
In thinking about the post for this week I thought about some of the conversations that I’ve had lately with people who have experienced renovations. For those who have lived through the process the majority of people fall into one of two camps. One the one hand they enjoyed going through it and would consider doing it again. On the other hand are the people who either never got … [Read more...] about Top 5 Ways to Avoid a Renovation Nightmare
How to Run the Numbers on a Flip Project – A Step-by-Step Guide
Running the numbers for a flip is not as difficult as you may think. But it is important. Here, we're going to walk through the process and the different groups of numbers that you'll need to use to calculate whether or not a project is a green light or a pass. In order to determine if a project is profitable you are going to need to put some examples together with numbers to see how they … [Read more...] about How to Run the Numbers on a Flip Project – A Step-by-Step Guide