CategoryFlipping

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?  ...

6 Ways To Save On Your Home Renovation Costs

Let’s talk about how to cut home renovation costs.  At the time of writing this post, I’ve renovated nearly 40 properties, and I wish I knew at the beginning what I know now in terms of how to cut home renovation costs.   Before I dive into home renovation cost-cutting tips though, there are four areas, IMO, you never want to cut corners with: Roofing, electrical, plumbing, & HVAC...

IS IT BETTER TO FLIP OR RENT YOUR INVESTMENT PROPERTY?

You know – there is no right answer to this question.  It’s completely up to you as a real estate investor.  It will depend primarily on what your real estate goals are and the market where you’re buying properties.  Let’s explore the pros and cons of each. Buy & Flip The goal with house flipping is to buy low and sell high.  The pro to this strategy is, if done successfully, you can...

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