With house flipping time is important. Even if you are using cash, the time your money is invested in this project has a cost. There is a timeline that we follow as we move forward with a project. It begins once the contract is accepted. This is how this process will work in an ideal situation when you flip a house. Step 1: Purchasing Your Flip Property Offer accepted … [Read more...] about How Long Does it REALLY Take to Flip a House?
House flipping is all about finding houses with potential. Ways that the value of the house can be increased by making improvements or renovations. Areas to look for to add value to a house are: Unfinished spaces KitchensBathrooms In partnership with the potential, you also want to look for a house with these features: A location where buyers want to … [Read more...] about Choosing the Right House to Flip
For people who have researched and looked into house flipping and real estate investing there’s a few terms and concepts you’ve likely seen. ARV, or after repair value, POF (proof of funds). And a principle called the 70% rule. What’s great about the internet is all of the information that is there but what is not as great is how many of those concepts and ideas may … [Read more...] about What is The 70% Rule in House Flipping?
The housing market has shown to still be moving fast and furious in many areas. In my market, I have seen more flips hitting the market lately and many are first attempts for new flippers. Many of the houses that I am seeing completed now were purchased early in 2020. Because I look at so many houses as potential projects even when I pass, I’m interested to see what happens when they … [Read more...] about Why Flips Fail
Over the past couple of weeks I’ve detailed the process on how to find a flip property and how to fund your flip. Now we are moving onto the process of the renovations, adding value to the property and the selling of your project once it’s finished. For those who are considering fix and flip for the first time, there can be many unknowns when it comes to … [Read more...] about How to Flip a House: Renovating Your Flip