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
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
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
Does an over-improved flip seem like a contradiction to you? While many people consider flips to have low cost and low-quality materials the reality is there are so many people who actually over improve their flips in relation to the neighborhood. And what's so important about this is that it happens to new flippers AND experienced flippers alike. So how can you avoid this? By … [Read more...] about How to Avoid Over Improving Your 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?