Sold in 1 Day | Update to the Scituate, Massachusetts House Flip

The Scituate, Massachusetts house flip underwent quite a transformation.  If you are not familiar with how this property looked before construction began, definitely check out the this post before reading on.

I am very pleased with how this house flipping project turned out-especially since this property sold after just one day on the market!

Selling a home in one day is completely new for me and to be honest, completely unexpected.  Since I began flipping houses for a living I have had numerous houses sit on the market for much longer than anticipated.  Needless to say a quick sale like this one is always much appreciated.

Flipping Short Sales in Scituate, Massachusetts

As with many of our recent real estate flipping projects we decided to integrate an open floor plan into the Scituate property.  The old front door used to lead into a cut up floor plan with absolutely no view of the nearby ocean or marshland.  This had to be changed.

As you will notice in the below video, the first floor is now wide open and very spacious.  Take special note of the nice staging job that Lynn Amiccuci from Vernace Designs did for us.  I really think that staging this house flip played a pivotal role in selling the home so quickly.

Home staging is definitely something I find myself recommending more and more to people who want to learn how to flip a house for profit.  The amount of profit you realize when flipping properties often hinges on the amount of time the house spends on the market.

Less time on the market = more money in your pocket

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How to Flip Real Estate Without Strangling Your Contractor

How to Flip Real Estate

There are so many ways how to flip real estate.

This is especially true when it comes to the rehab part of house flipping.

Some house flippers like to do it on their own, some like to use project managers and some like to use general contractors.

One of the best ways to lock in profits as well as get your house flip completed on time is to learn how to flip a house for profit with your contractor.

But how you manage these guys without strangling them?

Contractors have a reputation for being notoriously difficult to deal with at times, and this reputation is often times Continue reading

3 House Flipping Tips for Selling a Home in One Day

The Scituate, Massachusetts house flip turned out to be a very exciting rehab for me.  Aside from all the "usual" exciting house flipping stuff (brush nickel fixtures, new decks etc.) this property proved exciting because of how quickly it sold once it hit the market.

For the first time in my house flipping career I was able to sell a home within the 1st day on the market.  For me (and hopefully you too) that is pretty exciting stuff!

Needless to say selling a flipped house in less than 24 hours is unusual-especially in the New England real estate market.  Believe me when  I say I have held onto some house flips for way too long over the years.  The holding costs associated with these particular house flipping projects can really add up quickly.

Perhaps selling a home within 24 hours is more common in other areas of the United States or world.  If you know of any hot real estate markets where homes sell within 24 hours, I would love to hear about it in a comment below.

As mentioned above, selling a home within 24 hours does not happen often for yours truly.  Yet I do think certain house flipping strategies my team and I used on the Scituate house flip really helped motivate the buyer to act quickly.

Below are my top 3 house flipping tips for selling a home during the first day on the market.

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How to Flip and Grow Rich With Your Contractor

Contractors and flipping houses.

Like bacon and eggs...

Like peanut butter and jelly...

Like pizza and beer...

Like a lit match and gasoline...

Yes, it's not always harmonious using contractors when you're trying to flip and grow rich.

Timelines get extended, promises get broken, tempers flare and before you know it, you're the one managing the flip and managing all the subcontractors.

Flip and grow rich?

Not quite.

To GC or Not to GC...THAT Is The Flip and Grow Rich Question

Hiring a general contractor for all your house flipping projects is the best possible way to go when you're house flipping...but only if you can make it work. If you do, they will become an enormously helpful member of your house flipping team when you are first learning how to flip houses.

I mean, wouldn't it be nice to Continue reading

House Flip Staging Secrets Revealed!

Staging is becoming all the rage in house flipping.

We have now used it twice in the past month to sell two houses...one in one day and another in just two days.

Yes, I' m serious.

Seriously excited about staging that is...

What is "staging" you say?

Staging a house flip is when you, an interior decorator, or professional staging company comes into the home and sets up furniture and decorations.  Basically, home staging companies turn empty space into a fully furnished home.

The House Flip Secret...That's No Longer A Secret

I recently began experimenting with staging and so far I have come to one conclusion.  In most instances, staging a house helps sell the house quicker, which in turn saves me money.  Remember, there are many holding costs associated with a house, so the quicker you sell the better.

Over the past couple of months I have been utilizing staging companies to prepare for open houses with great success.  I have noticed that Continue reading

The REAL Impact of House Flipping [Infographic]

House flipping is helping us rebound from the depths of the recession.

Who would've thought?

Regardless of whether you are Democrat or Republican, one thing is for sure: flipping houses for profit not only helps the real estate investor, but it also helps thousands of people get better places to live and pumps much-needed capital back into the economy.

In fact, the impact of real estate investor and house flipper on the housing market in the past decade has been substantial. And house flipping and real estate investing have had an even larger  impact over the past few years, just when our country has needed it most.

The Tremendous Impact of House Flipping on Our Economy

Our good friends over at BiggerPockets.com recently performed a survey to show exactly what the impact of house flipping and real estate investing has been over the past few years.

The Memphis Invest National Survey of Residential Real Estate Investors outlined a slew of important data points about investor intent and as a result has received a ton of national press coverage. This extensive survey, helps to Continue reading

Ready for Sale | Final Update Onset, MA Property

As usual I am very excited about how the seaside Onset house flip turned out!

If you have not yet seen the post depicting how this property was before we flipped it, I highly recommend you check it out – just click here to give it a read.

This home underwent many changes.  Some changes were relatively simple and typical, while others were more challenging and complex.  As is the case with most of house flips, we had some unexpected happenings that proved to be challenges.  Those unexpected challenges really help keep me on my toes and overall do a good job of keeping this business exciting.

Before and After | Onset Massachusetts Property

I'm really excited about how our Onset, Massachusetts house flip finished up.  In less than three months we have completely transformed this house and made it into one of the most desirable properties on the block!

 

 

 

 

 

 

 

 

 

The interior of the home underwent a major renovation...

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One Can’t Fail Technique to Start Flipping Houses Now

I meet many people who want to learn how to get started flipping houses fast.

They want to make their money FAST....and then retire to a beach on a remote island drinking a cold adult beverage under a palm tree.

As Timothy Ferris said in The 4-Hour Workweek:

 "You will reach a point when you absolutely cannot stomach another Pina Colada and that's when you realize that you actually have to start doing something meaningful with your life..."

At one point in time in my life, I thought sitting on the beach would be really cool. Until I read that passage by Ferris...and he blew it for me.

Damn 4-Hour Workweek guy...

I then realized that the DOING was actually the fun part of all this house flipping stuff.

The end result is fun for sure. I mean it is AWESOME to sell a flip in one day after putting in six months of work and walking away with a nice chunk of change...that is a gooood feeling.

But in the end, it's the process of the flip that gets me excited most. 

It's the journey, Continue reading

The Lazy Man’s Way to Fix and Flip

Fix and flip, fix and flip, fix and flip, fix and flip...

When you're learning how to flip houses, you may not think that there will be a day when you'll be doing multiple house flip projects at the same time...let alone multiple flips in the same year.

But that day will come...

If you're just starting out of the house flipping business, chances are pretty good that you feel the need to domost of the rehab work yourself.

It makes sense. If you're flipping a house every 6 months or so, perhaps on a part-time basis, you may be tempted to think that the only way you can be profitable is to put in a lot of the "sweat equity" yourself.

If you don't learn how to buy houses right, get Continue reading