Before making an investment on your desired fix and flip property, it’s important to check your state’s license regulations and explore all of the license options available to you, both required and optional. Generally, most license decisions come down to your intentions behind house flipping – hobby or career?
Flipping houses starts with a promising investment opportunity and can quickly develop into a profitable business or a financially beneficial hobby. However, to be successful, aspiring house flippers should obtain the necessary building and renovation permits before starting their fix and flip project.
When flipping a house, there is a laundry list of general rules that need to be taken into consideration. One rule that should be at the top of your financial checklist is the 70% rule. This post will outline what the 70% rule of house flipping is, and why it may be one of the most important guidelines for making … Read more
Even if you aren’t a real estate investor, you are probably aware that the price of lumber has gone up exponentially since the beginning of the pandemic. And if you know this, you might be able to guess how much this price increase has affected the overall cost of not just new construction builds, but renovations and fix & flips … Read more
Last year we answered the question: Should you use personal funds or outside funds for your fix and flip project? If you’ve opted for outside funding, there’s one major question left: How do hard money fix and flip loans compare to conventional loans? This article will outline a few of the differences between the two choices, and show you why … Read more
Reality shows showcase people doing all sorts of interesting things. One of the most popular are people engaging in home flipping. On the surface, flipping a home seems like a great thing to do. Make a few corrections, invest some money and walk away with a tax free profit. It is possible to make money flipping houses. At the same … Read more
[Updated February 20210] Selling a house–whether it’s your primary residence or an investment property—is a big job. In either case, you invest a lot of time and money in getting the property ready to put on the market, and you need all of that hard work reflected in the appraisal value. If you’re involved in real estate investing, or if … Read more
There is no denying that house flipping is one of the excellent sources of income. But when it comes to entering the market, you need a potential source of funding. If you have enough personal finances, you can always use them to fund your rehab. However, if you do not have sufficient capital, you can opt for a funding project … Read more
There is no denying that property flipping is one of the popular real estate investment strategies. It essentially involves purchasing a house with the intent to make a profit. But the logistics involved in the process of flipping may get complicated if you don’t know which property to buy. So how do you find a property to flip? If you … Read more
So you are in the real estate industry to purchase a property and rehabilitate it as a way to yield profits. Most investors know this practice as “flipping.” You will have to play smart by not only opting for the best approach but also avoiding some common mistakes many real estate agents make when flipping properties. This is especially true … Read more
Are you considering investing in a fix and flip property or starting a house flipping business? It’s important to learn as much as you can about this type of real estate investment before getting started. Flipping houses is a fast-paced investment strategy typically completed within 12 months, barring any issues that can slow down the process. Investing in the right property for your first flip will ensure you walk away with revenue to fund your next fix and flip project. Continue reading to learn what you need to know to start flipping houses.
Fixing and flipping properties can be a wildly successful endeavor or an incredibly frustrating one – it all depends on how the project is handled from start to finish. There are several benefits to be had from successfully flipping houses, but some investors may miss out on their ROI because of certain mistakes throughout the process that cost time, money, … Read more