Flipping homes can be a lucrative venture when done right, but it’s not for the faint of heart. The real estate market is unpredictable, and novice flippers can quickly find themselves in over their heads. To navigate the world of home flipping successfully, we are offering a little sage advice from our years of
5 Loan Types Offered By Hard Money Lenders Securing a traditional loan can be a real headache and the approval process can take a long time. If you’re like the hundreds of people who regularly find themselves in need of quick funding to acquire a potentially income generating property, then you’ve probably considered the option
Interior Design for the Optimal Sale—Do I Need an Interior Designer for My Flip? Thoughtful interior design can greatly increase the value of a property when taking on a home rehab project. But is it necessary to hire an interior designer? The answer is: it depends. First of all, it depends on your own values.
Interior Design for the Optimal Sale – What is Interior Design? Interior Design is an often overlooked element of fixing and flipping homes for profit. The concept of interior design is quite simple. We can enhance the interior of a building to create a healthier and more aesthetically pleasing space for people to be in.
Contractor Perspectives – Part 4: Avoiding Pitfalls Finding high-quality general contractors and building a working relationship with them can be a major asset for your real estate investment endeavors. Once you’re working with professionals you know you can trust, you’ll feel more confident in purchasing distressed properties to add value to and sell because you
Contractor Perspectives – Part 3: Working with Your Contractor Once you’ve found a pool of high-quality contractors worthy of carrying out your real estate project for you, it’s vital that you conduct business with your contractors in such a way that will ensure a successful project. Getting Bids First things first, you’ve got to get
So you’ve decided that you are either too inexperienced to act as general contractor on your rehab property, or you have the experience, but would rather outsource the job and spend your time and energy in different ways. Then how do you go about finding an awesome general contractor to complete your job on time,
Who Is a General Contractor? One of the key players on your fix and flip team is your general contractor (GC). A general contractor is someone you hire to manage, coordinate, and carry out a rehab project both on time and within budget. They will be responsible for building, repairing, tearing down, and/or installing the
Read Part 1 | Part 2 | Part 3 You are excited to start your house flip, you’ve got your mastermind team at the ready, and you’ve investigated the local housing market with data-driven research. Now it’s time to go close a deal and flip a property for a profit. So how do we make the
Read Part 1 | Part 2 You’ve reflected on your motivations for your house flipping project, you’ve surrounded yourself with a team of professionals to execute; now you need to investigate the housing market to select the right home to work on. Yes, the overall value of the housing market does rise and fall in cycles