When it comes to renovating a home, there’s always something new to learn, whether it’s your first flip or your fiftieth. We convinced a few renovation contractors to spill their top three tips they think everyone should know before they embark on a home renovation.
When embarking on a renovation journey, you want to be sure you choose the right person to help you succeed. Depending on the level of work you’re planning to do, you might want an interior designer or a renovation contractor to help with your investment project. If you’re new to the renovation game, you might be wondering how the two differ and what the pros and cons are for each.
Hurricane Florence is quickly approaching the Carolinas and Southern Virginia area. However, that doesn't mean that surrounding areas will not be affected as well. Have you taken the necessary measures to minimize the damage to your investment property?
When it comes to renovating an investment property, investors rarely — if ever — slap some new paint on the side of the house and walk away with a profit. There are usually a few major repairs, additions, and more. These jobs are called “fix and flips” for a reason, so get ready to fix some things.
When it comes to fix and flip properties in Philadelphia, PA, there’s a lot of resources you should be aware of — it’s rare to find a property where all you need to rehab it is a bit of paint and elbow grease. The guide below provides helpful tips and resources, from picking the right property to picking up the actual supplies you’ll need.
Successfully completing a fix and flip investment project can be tough. Finding the right property, securing financing, partnering with the right contractor, figuring out renovation and design plans, researching comps, enhancing curb appeal ... it's a lot to handle, and that only scratches the surface.
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.