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?
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Scaling Your Flipping Business
When I got my start in 2008, I jumped right in. As I scaled my business over the years, I have made changes and learned a lot of things. Now, I’m sharing three absolute musts for scaling your flipping business. My JourneyAfter getting started, my focus was to do a few properties a year. I was content with this for about five years and realized the unlimited opportunity before me. I have … [Read more...] about Scaling Your Flipping Business
6 Steps to Starting a House Flipping Business
Whether you’ve already set your mind to flipping houses or you’re still on the fence, it’s important to understand what this business requires to be a success. We’ve outlined six steps to starting your own house flipping business that will help you determine if this business is right for you. If you find it is, these tips can help you get on the right track. Let’s jump right in. 1 - Write a … [Read more...] about 6 Steps to Starting a House Flipping Business
How To Know if a House is a Money Pit
Sometimes, you’ll find a deal on a fixer-upper property. It feels like you’ve hit the jackpot, and you’re already envisioning the transformation you’re going to create. But wait! You’ll want to make sure that you go into the process knowing what to expect. The worst thing you can do is fixate on a great price without knowing what you might be getting yourself into. The last thing you want is to … [Read more...] about How To Know if a House is a Money Pit
Areas to Focus on When Deciding if A House has Potential
You’re probably wondering what key characteristics I look for in a fixer-upper. A few weeks ago, as I was looking for new projects, I created a short video that I shared on Instagram. There were so many comments that I thought it would be helpful to share that process here, as well. Choosing a home to flip, especially as a newbie, can feel overwhelming and like a lot of pressure. You want to … [Read more...] about Areas to Focus on When Deciding if A House has Potential