During the process of a house flip there’s plenty of large decisions and costly choices that are happening. While those can be a big deal there are also some smaller events that individually, or collectively, can really hinder a flip. Both from a timing and a profit standpoint. Many of these can be incorporated into the planning process so they’re sure to be included. And a few are more … [Read more...] about Flip Details Not to be Missed
How to Flip a House
House flips and good design are not always synonymous. There are definitely projects where less is better but depending on your end buyer you can always find a way to up the design even at lower price points. One of my tried and true insider flip tips from some of my earliest projects was to upgrade the countertops. At the price level my projects were, most buyers weren’t expecting to see … [Read more...] about Designing an Ideal Flip
(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