This is the big question that a lot of people have. And like everything to do with real estate the answer is “it depends.” Since every house is different it is impossible to give a flat number that will apply in every situation. The best I can offer after more than 10 years of experience is a range of 40-160K. Not much help, right? This is why when you are getting started and … [Read more...] about Amber’s Biz Tip: How Much Does it Really Cost to Flip a House?
market
Amber’s Biz Tip: What You Can Learn From an Open House
When you are looking to get into house flipping a great place to start is with some research. Educating yourself on your specific market is easy to do and doesn’t require an investment other than your time. There are plenty of websites you can check out at no cost to see what the pricing trends are in your area and what the inventory may be. While there is a good amount of … [Read more...] about Amber’s Biz Tip: What You Can Learn From an Open House
Amber’s Biz Tip: How Neighbors Can Affect Your Resale
You get a jump on a new listing that by all appearances, looks like it could be a profitable flip. With a quick trip you are walking through the house and it checks all the boxes to potentially be a great project. The unfinished basement, kitchen that needs updating, hardwood floors that can be refinished...all the things you love to see. Until you look out the window. The neighbors … [Read more...] about Amber’s Biz Tip: How Neighbors Can Affect Your Resale
Amber’s Biz Tip: Big Ticket Items Not to Miss on Your Walk Through
Aside from the items I look for that let me know if a house has renovation potential, I am also paying close attention to some areas where your budget can take a hit if you’re not prepared. These items can be viewed as “high ticket” or “red flag”. They are definitely going to add some dollars to your budget, but if you are looking for a smaller renovation then some of these may … [Read more...] about Amber’s Biz Tip: Big Ticket Items Not to Miss on Your Walk Through
Amber’s Biz Tip: Should You Stage Your Flip?
You have finally made it. The plumbing, the electrical the permits the inspections are all complete. You are finally ready to list your flip for sale. There is just one last decision that needs to be made and you really don’t want to invest any more into the project. Should you stage your flip? There are different perspectives on this topic and many of them have to do … [Read more...] about Amber’s Biz Tip: Should You Stage Your Flip?