Final statistics for 2016 confirm what those in the fix-flip business have been experiencing for the past couple of years – deeply discounted homes are getting harder to find, but rising sale prices continue to make flipping houses a profitable business. ATTOM Data Solutions, through its subsidiary RealtyTrac, released data on February 2, 2017, showing the…
While the buy low and sell high concept of flipping houses is pretty easy to understand, getting from Point A to Point B is the challenge and the fun in being a flipper. As you’ve been thinking about getting into the business, scouting around your community for suitable properties and imagining the riches of your…
Do you have a strong desire to get into the fix and flip business but are afraid your credit history will keep you from getting a loan? Have you already been turned down by your bank? Discouraged by a mortgage broker? Or maybe you’ve just seen a house, sitting abandoned down the street. You know…
With the New Year comes several different real estate trade shows and seminars to help a new and experience home flipper learn how to maximize profits with a fix-and-flip. As an investors, you likely wonder which regional trade shows are best and what can you expect to learn. Most of the real estate trades shows, conferences and…
When fixing up a house you intend to flip it’s important to think about your potential buyers and ways to make your house stand out from all the other houses they might be considering. Sure, you don’t want to sink a fortune into the house, as that will cut into your profits, but you do…
One of the greatest challenges in the fix-and-flip industry is finding homes that are good candidates for flipping. With all the factors behind a successful flip — right price, potential value, good neighborhood, etc. — locating those gem homes can consume a great deal of your time. Depending upon the Multiple Listing Service (MLS) in…
You probably have experience with a home mortgage, an automobile loan, etc. so you think you have an understanding of the loan process. You’ve maybe even tried to work with your bank to acquire a loan for a fix and flip project. But unless you’ve dealt with a private lender, you probably don’t understand the…
When it comes to the fix and flip outlook for 2017, it’s all about finding affordable starter homes for the aspiring first-time home buyers as well as small homes for landlords. While a lot of young people want to buy home, the rental market is still booming creating a demand for move-in ready rental homes. Since…
One constant about the real estate business is that it’s constantly changing. The house flipping industry has seen that same scenario during the past decade, as it has undergone dramatic changes, but it has grown even more profitable during that time. According to RealtyTrac, the average gross profit on a flipped home in the second quarter…
So you want to know how soon you are going to be rich? Of course, we won’t answer that question in this blog, and you aren’t going to get rich with one flipped house. But if you’re thinking about getting into the house flipping business or already started on your first house and wonder how…
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