Thinking about getting started in the home flipping business but need a little more info?
We get that.
When deciding upon a new business endeavor you should always go in with a decent understanding of what you’re getting yourself into.
If you’re like us, you probably do most of your research online these days. And why wouldn’t you? There’s so much information out there – it’s the best way to become well-informed. But since there’s so much info it can also be a bit overwhelming.
That’s why we’ve put together this list of resources – to help along the way to make an informed decision about the commitment needed to undertake home flipping.
Not sure if home flipping is for you?
That’s okay! We hope that by sharing this information with you, you’ll be able to learn more about home flipping – what it entails, mistakes to avoid, how to build a community, and how to find financial advice.
Ready? Let’s get going!
Things to think about when renovating a house
Trulia is a real estate website that gives helpful advice to homeowners and those on the buyer journey alike. Their focus isn’t solely on listing properties, but rather creating an immersive experience for its users to help them understand the community in each neighborhood they look into.
They have several great resources, but here’s a favorite: The Remodel and Renovate blog page.
The Remodel & Renovate page has great ideas to help your flipping journey. There are articles dedicated to the latest home trends – which can help you decide between putting in carpeting or hardwood floors, quartz or marble countertops and much more!
You can also find lists of upgrades that don’t add much monetary value to homes and how to know when to replace a home’s windows.
Mistakes to be aware of when it comes to home flipping
This article by Investopedia summarizes five mistakes that can make your home flip a flop. According to the article, if you don’t have enough of these five things you could be in for a hard go of things.
- Not enough money
- Not enough time
- Not enough skills
- Not enough knowledge
- Not enough patience.
Read the article, here, if you want to learn more.
When you need a community of experts and friends
CREOnline provides a community for real estate investors – and it’s been around for a while, since 1995.
There’s a blog, books, and courses, as well as an online forum for members to ask questions and get involved. They have articles on everything from rental properties to low risk investing, to figuring out if real estate investing is right for you. Check them out here.
When you’re looking for some financial advice
The Mortgage Reports have been around for more than a decade and offer advice on all things money and real estate related. Here’s an article on how to get a good deal on a flipper property.
We hope these resources help you along your home flipping journey! Feel free to leave a question or comment below, we’re always happy to help!