Flipping houses can be a great way to make some extra cash, especially if you’re handy and can do a majority of the work yourself. You might think you need a substantial amount of money in the bank in order to purchase houses to flip, but that’s not always the case. So, what do you do if you don’t have extra capital sitting around, but want to get into the fix and flip game?
Getting into the fix and flip business can be overwhelming, regardless of how much experience you have with doing renovations or working in the real estate market. Before you even begin to think about the other aspects of fix and flip real estate investing, you need to know how to find a property to flip. There are a few different ways you can do this, but the ultimate goal is to pick the best investment for you and your skillset, while aiming for a strong ROI (or return on investment) so your hard word pays off in the end.
The word “lien” conjures up images of evil bankers coming for your property, leaving you shivering on the sidewalk. But before you start worrying about liens being placed on your property for some reason, it’s best to educate yourself. We’re here to de-bunk some of the myths behind liens, as well as explain exactly what liens are, the different types of liens and why they happen, and what to do if a lien has been placed on your investment property.
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.