(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?
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
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
At any point of taking on something new you’re likely to have some thoughts creep in. Doubt, uncertainty and inexperience. All likely with anything new but when you change your thoughts you're well on the way to allowing the learning to begin. This week we're walking through those beliefs that can delay or completely derail you. Sometimes, before you ever begin. You need … [Read more...] about Beliefs to Avoid for Flipping Success
This week is the second in the new January blog series designed to help you get traction with flipping successfully. If you want to know if you're ready to flip you can check here. Before we get into some of my best tips as a reminder there three simple steps to every single house flip. While there are many ways to look at this point there is also a very simplistic way to break it down. At the … [Read more...] about Tips to Set Up Your Flip for Success