Flip Your House | A Critical Room-By-Room Guide
If you want to Flip Your House, you need to know how to properly rehab and stage each room.
Rehabbing is the most time consuming, and often most stressful, part of house flipping. During this process, you will have to deal with a set of contractors, and constantly make sure that they are completing the job you requested on time and within your budget.
Then, if you choose to stage your home, you want to do it in a way that will optimize your chances of adding value to the property. If you spend frivolously on useless furniture and decorations, you might as well be flushing your money down the toilet.
If unexpected costs arise from rehabbing and staging, and you have to pay a great deal more, you could wind up selling the house at a loss.
To avoid going over budget, you should learn how to approach each room in the house. Below is guide to help you flip your house room-by-room.
Learn To Flip Houses | 10 Items That Cost Less Than $20
If you want to Learn To Flip Houses, you need to make sure to make your money count.
House flipping can be an extremely expensive proposition. The average kitchen remodel costs around $20,000 and granite countertops are typically $50 per square foot. Properties themselves can cost upwards of $200,000 dollars.
Because of this, house flipping might not appear to be for people that are trying to pinch pennies. However, sometimes a few dollars can go a long way. You can often substitute an expensive solution with a cheap one.
If you want to learn to flip houses, you should invest in these cost-efficient items that can really make a difference.
Real Estate Investing | 8 House Flipping Myths Busted
Don’t be discouraged from real estate investing because of these bogus myths!
House flipping, and real estate investing in general, is an immense field with great potential for profit. Throughout history, owning and dealing in real estate has been the universal way to increase wealth, and has become synonymous with profit.
However, in modern times, the Internet has become flooded with misinformation about the business. These myths often spring from post-recession paranoia and pessimism.
On the other side of things, idealism often discourages potential house flippers from realizing on the reality of the situation: no deal is ever perfect.
Most of these fallacies are perpetuated by the media or by general public, not by the real estate investors themselves. To conquer your fear of real estate investing, you must first cleanse yourself of the any myths you might hear.
Learn To Flip Houses | The 7 Deadly Sins Of House Flipping
If you want to learn to flip houses, make sure you know the deadly sins that will sink your project.
Ever since house flipping caught fire through reality television, droves of new, ambitious people have come out of the woodwork to try their hand in the business.
Unfortunately, you need more than heart to succeed in this field. You must aquire the proper understanding of the business so you don’t waste valuable of time and money, and ruin your reputation as a house flipper.
Emotion, while important in some ways, can often cause harm and prevent you from succeeding. You should use emotion to get yourself motivated at the start, but defer to your brain when dealing with most major decisions. To learn to flip houses is largely to learn to control your emotions.
How To Buy And Flip Houses | 10 Items For Your Real Estate Tool Belt
To learn How To Buy And Flip Houses, you must first know the essential tools of the business.
House flipping, and real estate investing in general, can often be a complicated task. There are a great number of variables that can change after you purchase a house, and from property to property. Moreover, flipping can be an incredibly quick process, and one mistake can send all of your profit down the toilet.
If you want to know how to buy and flip houses, it is important that you have some vital resources in your back pocket that you can always fall back on. You’ll never know when you might need some extra help.
Knowing the right people and having the right instruments can often make the entire process run smoother and bail you out if you are in trouble.
Curb Appeal Tips | 3 More Ideas For Attracting Buyers
To improve the value of your house and attract more potential buyers, try using these Curb Appeal Tips.
As we mentioned before, curb appeal is one of the most important parts of the renovation process. The outside of the house is the first glimpse that the prospective buyers will get of your property when they find its listing.
The curb appeal will give the prospective buyer some sort of impression, for better or worse. If you ignore the exterior of the house and only focus on the inside, you might detract potential homeowners. In contrast, if you transform the outside of your home into something visually appealing and welcoming, you might attract more buyers.
In addition to the crowd it will bring to your open house, improving curb appeal will also increase the value of the property.
In our previous post, we discussed how to make an entrance, how to highlight the mailbox, and how to use greenery. Below, you will find three more curb appeal tips: give your house a new face, revamp your driveway, and create an outdoor focal piece.
Buying Probate Properties | Cash Your Check When They Check Out
If you want to get a great deal on a house, try Buying Probate Properties.
As a house flipper, when you are searching for good properties to purchase, you want to get the best deal for your money. Sometimes, there are ways you can buy these houses well below market value through unconventional means.
For example, if a homeowner is facing foreclosure, you might be able to buy the house through a short sale. If the home has already been foreclosed, you can purchase it in a foreclosure auction. Or, if it doesn’t receive any bids, you can buy it as an REO property. Additionally, you might be able to find a deal if the previous homeowners are going through a divorce.
In all of these cases, the person or organization in possession of the property, whether it is the homeowner or bank, is eager to get it off their hands as quickly as possible before they lose any more money.
However, there is one way you can find and buy a property well below market value that most real estate investors don’t know about: buying probate properties.
Real Estate Investing Guide | House Flipping Vs. The Buy And Hold
Find out the difference between flipping houses and the “buy and hold” in this Real Estate Investing Guide.
In the world of real estate there are several different ways to make money from buying properties. As a newcomer in the business, deciding which path is right for you might be your first and foremost concern. You might ask yourself…
What is the best and easiest way to make money?
The answer to this question is quite subjective, actually. There is no route in the real estate business that won’t make you money if done correctly. As long as you are a hard worker and have the right motivation, you should be able to succeed.
Before you choose, you should know the differences between the different avenues of real estate. In this real estate investing guide article, we will discuss two of the most common strategies: flipping houses, and the “buy and hold”. Along the you will find a brief overview, and then sections comparing the speed, risk, and reward of the two strategies.
The Lease Option | An Important House Flipping Tool
An important resource that every house flipper should know how to utilize is the lease option.
As a house flipper, you will need to improvise and adapt to the environment around you. Don’t be afraid to try new strategies and to change your game plan so that will profit.
When you flip a house, after you buy and rehab a property, you should always try to sell it to a buyer. However, life does not always play out ideally. Sometimes you might not be able to sell a property as quickly or at the price you had originally hoped.
If something like this happens, this does not mean that you should simply cut your losses and sell at a price that won’t earn you any money. Instead, you should find someone who is willing to agree to a lease option.
The House Flipping Game | 7 Strategies To Success
To really blossom in the house flipping game, you need to know the different avenues that are at your disposal.
Flipping houses is an incredibly popular field in the real estate community. With the right ambition and knowledge, the average person can be very successful in the house flipping game. However, if you fail to educate yourself on the different approaches to this business, you might not really thrive.
But isn’t house flipping a pretty cut-and-dry business with essentially one approach?
The answer is no. House flipping is a living ecosystem of many different people and pieces, all moving together to make a sale happen. What you need to do is diversify your mindset and find your particular place, or places, in this field.
The 7 Ways To Get Involved In The House Flipping Game
What many beginners do not realize is that there are many different ways make money in this exciting business. Some strategies don’t involve renovating or even buying at all! Below are some of the different approaches to the house flipping game.