CategoryFlipping

How do you make an old kitchen look new in a rental?

How do you make an old kitchen look new in a rental? If there’s one place in a rental property you want to make a good first impression, it’s the kitchen.  Thankfully, there are ways you can bring new life to your old, dated rental property kitchen that won’t break the bank.  How about a DIY kitchen transformation for under $800?  Sound good?  Here’s how to do it. Fresh coat of paint on walls...

What should you not do when flipping a house?

What should you not do when flipping a house? Flipping houses can be a great way to make quick money and provide a buyer with the home of their dreams.  However, a few oversights can turn this exciting venture into a financial nightmare.  Here are 7 things NOT to do when flipping a house. Forget to factor in non-renovation related expenses It’s a common mistake among newer house flippers to only...

How long do you have to hold a house before flipping it?

How long do you have to hold a house before flipping it? There is no law, that I’m aware of, that states a minimum amount of time one needs to hold a piece of real estate before flipping it.  The only caveat, that I know of, is if you’ve purchased a property or plan to purchase a property with an FHA loan. An FHA loan is a popular form of government-backed real estate financing because of its...

HOW MANY HOUSES CAN YOU FLIP IN A YEAR?

How many houses can you flip in a year?  This is a very good question, and one that a lot of people ask.  However, in order to answer this question, we need to ask a few questions.  Read through to the end because I do provide an answer. What’s the average size of a house you want to flip? Flipping 4,000 sq.ft. homes would likely carry a different timeline than flipping 1,200 sq. ft. homes, so...

SHOULD I GET A REAL ESTATE LICENSE TO FLIP HOUSES?

Getting a real estate license to flip houses seems like a good move.  Being able to see the houses you want without having to schedule with a real estate agent, sounds nice.  Gaining your own private access to MLS to do your own research, seems terrific.   However, along with the advantages of having a real estate license when you’re flipping houses, there are certainly some disadvantages to...

WHAT TO DO FIRST WHEN FLIPPING A HOUSE

Let’s talk about what to do first when flipping a house.  You just bought your first flipper, and you can’t wait to start tearing the house down to the studs, so you can fix it up and flip it for a huge profit.  Well, before you pull out your Chip Gaines demolition moves, stop, take a deep breath, and plan. Creating a plan is the first thing to do when flipping a house I know the feeling...

6 HOUSE FLIPPING COSTS YOU HAVEN’T CONSIDERED

When it comes to flipping houses, there are so many costs to consider that it’s easy for some expenses – even significant one – to be overlooked.  Here are six of them. #1 Trees When I’m house hunting for a flipper, before I even walk in the property, I do a thorough investigation of the outside.  One major focus is the trees.   If trees are big enough and tall enough to come crashing...

DO YOU NEED A REAL ESTATE OR CONTRACTOR’S LICENSE TO FLIP HOUSES?

Do you need a real estate or contractor’s license to flip houses? You’ve started flipping houses, or you want to start flipping houses, and you’re curious if a contractor’s license or real estate license is required.  Let’s discuss. Do you need a real estate license to flip houses? While laws vary from state to state, I think it’s very unlikely you’ll need a real estate license to flip...

BUYING & SELLING (FLIPPING HOUSES) VS. BUY & HOLD REAL ESTATE

As a real estate investor, you’ve got three strategies to consider pursuing: buying and selling real estate (flipping houses), buy and hold real estate (renting), or you can do both. The goal of this post is to take a deep dive into each of these strategies, so you can better decide which strategy is the best for you.   How I Got Started When I first started out in real estate investing some...

HOW MUCH CAN YOU EARN AS A SALARY FLIPPING HOUSES FOR A LIVING?

Flipping houses for a living.  With the rise in popular HGTV shows like Fixer Upper and Property Brothers, many of us (myself included) have dreamed at one time or another of jumping on the house flipping bandwagon.   There’s just something incredibly alluring about taking an ugly house, making it beautiful, and selling it for a large profit.  Doesn’t that just speak to the American Dream?  ...

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