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
Fund a Flip
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
Why House Flipping Isn’t Just About Selling
House flipping isn’t just about selling! I know, it might sound crazy, but stay with me. When you buy a house to flip, you obviously want it to sell since that’s how you realize profit. BUT, if you approach the entire process only thinking about getting rid of the house, you’ll likely miss some steps and decisions that will affect the outcome. So what is house flipping about if it’s not about … [Read more...] about Why House Flipping Isn’t Just About Selling
House Flipping Beliefs and Rules that Are Not Always on Point
There are plenty of myths out there about house flipping. At the top of the list is the idea that house flipping isn’t easy. While I wouldn’t say it’s for everyone, it is a great option for anyone interested, and you can make it happen if you have the passion. Next on the list are “rules” for house flipping that are generally outdated and not as much of a rule as a guideline. These house … [Read more...] about House Flipping Beliefs and Rules that Are Not Always on Point
Funding a Flip: How to Get the Funds to Buy a Flip
Funding a flip comes with a ton of misconceptions. For years, I didn’t move forward buying a flip because I had the belief that there was only one way to purchase a house and renovate it, and that was if you had cash available. While that may be the ideal situation, there are several other ways! Especially when you’re getting started and trying to build your profits, it’s essential to … [Read more...] about Funding a Flip: How to Get the Funds to Buy a Flip