There’s a lot that goes into a home you purchase to fix and flip in Baltimore, MD — it’s more than just slapping on a fresh coat of paint. You need to know where to buy, what price to sell at, where to get your supplies, contractors to call for the things you can’t do yourself, etc. You’re putting a lot of your money on the line to turn a fairly quick profit, so let’s make sure you have all the information you need before signing on the dotted line. Here are some great resources for helping you turn your fix and flip property into a lucrative investment.
Renovating your Baltimore investment property can do wonders for its aesthetic appeal, not to mention its value. And thankfully, most of the small things don’t require any sort of permit. You can paint, install new cabinetry, do minor electrical work, fix certain plumbing issues and more. But once you get into those large-scale projects, well … you can’t just do whatever you want. You’ll need to get a permit, and that can feel like a project of its own. However, with a little knowledge and the right tools, you can get the information you need without too much stress.
One of the most tempting things to do during a fix and flip is to short-circuit the contractor process by taking care of renovations yourself. The problem is, this can end up costing you time and money - and if the job is big enough, it might just cost you your sanity, too.
Hi there! I'm Melissa Lynch, Portfolio Manager here at Walnut Street Finance. As you may know, we're answering commonly asked questions on our blog. Chip Sher has weighed in on a few already, and today, I'm going to share a few tips with you about where to start when renovating a fix and flip.
We see it all the time: A prospective borrower with a brilliant plan is interested in an investment property for a fix and flip - but at the crucial moment, their plans are dashed by a less-than-perfect credit score. Why? Because bad credit is almost always an insurmountable barrier to acquiring funding from traditional lenders.
Sometimes, the hardest part of fix and flip investing isn’t the work you put into the house - it’s finding an actual buyer. To make this a little easier, we’ve put together this handy guide of the four easiest ways to make your fix and flip attractive to potential buyers.
There’s no denying that fix and flip TV shows are entertaining to watch. Programs like Flip or Flop, First Time Flippers, and Fixer Upper draw in viewers with big margins, beautiful homes, and rapid renovations.
Fix and flip: Maybe you’ve seen it done on TV, maybe you heard about it through a friend who’s just quit their job to become a full-time flipper. If you’re looking for a tell-all guide to fixing and flipping houses for profit, you’re in the right place.
Finding the perfect property in Hampton Roads (or anywhere for that matter) can be difficult (even discouraging) if you don’t know what to look for. The key to unlocking profitability lies in understanding the neighborhood and knowing ahead of time what factors will influence the ultimate value of your investment.