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…
When working on your own home improvements, shopping at a big-box retailer offers you the most convenience at a fair price. But when you’re flipping houses and need to make the most profit, you might miss out on better options if you stick with the same routine. Taking the time to research local suppliers as…
As a house flipper, you know time is money. And when you are in the midst of flipping a house, time is the most valuable asset you bring to your business. Many tasks of running your business take valuable time away from your work of acquiring houses, making the improvements and getting the houses…
You’ve done it. Or you’re about to do it. You’ve found that diamond-in-the-rough house you are convinced you can flip in a few months, pocket some dough and move on to your next project. But before you get too far into demolition, you need a vision of how you are going to fix up the…
It’s the question that nearly every landlord wants the answer to: What are the best home improvements to make, that increase the value of my home? Ultimately, you aren’t just embarking on your improvement project to increase your standard of living, you’d hope that there would be some return on your investment as well in terms of an…
Most real estate investors know the longer they take to sell their property, the less money they walk away with due to carrying costs. When it comes to how to sell your flip fast, focus on 5 fundamental keys that not only get it sold fast but at or higher than asking price. Whether you rehab a…
Behind every successful business is a team. No matter how much one person thinks he or she can do on their own to create a business, having a team of specialists behind that business owner is the key to true success. One person cannot be an expert in every field needed to create a profitable…
The repairs that your fix and flip requires are often small. If you’re handy, you can save a lot of money by doing these repairs yourself. Replacing, or fixing, a small issue can be fun, and it’s a great way to stay within your allowed budget. However, there are some repairs that you should never…
When purchasing a house to fix up and sell for a profit, you face two options. You can fix it and sell it and move on, or you can fix it and then rent it out for a monthly income. Which is right for you? Should you fix and flip or hold and rent? Below are some…
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