Over the past few years I have been invited to share my house flipping experience with a few local investor groups. These audiences are usually made up of investors with varying levels of experience. By far the largest group is those who are wanting to get started. Not only do they want to start but they are trying to figure out exactly what to do but also the pitfalls they want to … [Read more...] about Pitfalls That Can Make Your Flipping a Flop
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9 Types of Houses to Never Buy
While there are laundry lists of things to look for in a potential flip sometimes it may be easier to put together an immediate list of “no’s” for those who are new or just getting started flipping houses. Busy Streets A home on a busy street (no matter how great it looks) is going to sit on the market longer. Buyers will be more reluctant to submit an offer and those you receive will be … [Read more...] about 9 Types of Houses to Never Buy
The Dangers of DIY in House Flipping
I am going to talk about one of the many myths around house flipping. The idea that a great way to save money is to do the work yourself. Blame it on HGTV and DIY shows. It looks so easy to grab a sledge hammer and start tackling that kitchen wall that is going to open up the entire space. What you are not seeing is the behind the scenes planning that got them to this … [Read more...] about The Dangers of DIY in House Flipping
3 Insights on how the State of House Flipping has changed
With the changes that are still to come in many areas of our world, it is difficult to know how everything will shake out. I am an advocate of continuing to move forward as well as you are able. For those businesses that are still able to work, we cannot stop because there is uncertainty. In all honesty, I have seen several investors say “we are stopping everything” and I have … [Read more...] about 3 Insights on how the State of House Flipping has changed
Investing During a Recession
Should you consider investing in buying a house to flip if there is a recession? YES I bought my first flip in 2008. The timing for my purchase did not have anything to do with the market. The timing was based solely upon me. I had made a decision and done some education and research and felt ready but it still took nearly 9 months for me to get that first house under … [Read more...] about Investing During a Recession