As someone who has been through many renovations, I am asked many questions about the process, my experience, and tips for success. One of the most common questions is how to work with contractors. I have heard the comments, so I know contractors can get a bad rap. Thankfully, this doesn’t have to be your experience. I work with exceptional contractors and have devised seven proven ways … [Read more...] about 7 Ways to Simplify Working with Contractors
We’ve talked about what makes a good candidate for house flipping. Many different types of people like real estate professionals, those with construction experience, and people ready for a career change are just a few. Regardless of a person's experience and goals, they need to have this one skill to be a successful house flipper. The skill I’m talking about is patience. I will share just how … [Read more...] about The Most Important Skill to Have When Flipping Houses
Let’s get one thing out of the way. You will make mistakes, and I urge you to reframe those mistakes as lessons. As a new flipper, you will learn on the job and improve as you go (like how I did). With that said, I want to touch on five of the most common mistakes I see new house flippers make, so you can avoid making them. Misconception About Successful Flips There are a lot of … [Read more...] about 5 Common Mistakes New House Flippers Make
An investor-friendly realtor can be a huge part of your success as an investor and house flipper. Investor-friendly realtors have traits that will help you access, buy, renovate, and sell your flip quickly and efficiently. Most real estate agents lack the knowledge that can really help you invest in the right properties. Investor-friendly agents, on the other hand, can have multiple helpful … [Read more...] about 3 Traits of an Investor Friendly Realtor
The key to success is in the numbers when it comes to flipping. There are a few key numbers to consider when you start flipping, and you will decide what houses you’ll flip and which ones you’ll pass on based on these numbers. So, which is more important, purchase price or sales price? There’s actually a third number you’ll need more than anything else. Purchase Price The purchase price … [Read more...] about Which is More Important? Purchase Price or Sale Price?