When fixing and flipping a property, you must make every dollar count. It is crucial that renovations contribute to achieving a sizeable gross profit. To make successful renovations, determining whether you will rent or sell to families or singles is an important step. When flipping single-friendly dwellings, here are four factors worth your consideration.
The kitchen is the heart of the home for many families. Families gather there nightly for meals, it is often the center of many house parties, and may also serve as a place for children of all ages to do homework. As you flip your property focus on these three ways to add the most value to your kitchen. They are appealing to potential buyers with a keen eye and friendly to your bottom line.
You're interested in fixing and flipping as a career or a fun side project, but you have doubts. That's normal. Everyone starting a grand new business venture is nervous. If you're not nervous, you're not passionate, and passion is very important. There are ways to help you calm your nerves though and help give you that push to actually take the chance, trust yourself, and follow your dreams. One of the biggest fears is simply not knowing if you're ready or if you've got what it takes. Here are 3 habits of successful fix and flippers to help equip you with the knowledge you need to feel ready to take that next step.
Three Home Improvements That Usually Cost A Lot, But Add Little Value
Posted by Ken Meyer on Wed, Nov 30, 2016Remodeling a property to fix and flip is a challenge on many levels. Perhaps the most challenging aspect, however, is determining what improvements to make to maximize the return on your investment. While you may think that the more you spend, the more you'll get out if it, this is not always the case. In fact, the average home improvement only carries a return of around 65 percent. That said, there are three improvements that usually cost a lot, but add little value when it comes time to sell.
When fixing and flipping there are a lot of things to consider. You want to buy the right house and make the right changes, but how do you know what's right and what's not? One of the biggest ways to determine if a house, or an upgrade, is right for you during your current fix and flip is to ask yourself who you're trying to appeal to? It's important to know who you're selling to in order to make the house a perfect choice for someone who fits into your target audience. If you're selling to families, here are 4 ways to appeal to families with your fix and flip.
Investing in real estate is a time-consuming process that requires a lot of effort on your part. It's worth it if you do it right but in order to make a successful profit from real estate you need some assistance. A smart investor uses every tool available that will help make success more attainable. There are several good investment tools that can help, but here are a few of the top 2016 real estate investing tools for California hard money borrowers.
4 Questions You Should be Asking if You're Investing in CA Real Estate From Out-of-State
Posted by Ken Meyer on Tue, Nov 08, 2016Investing in real estate is a big commitment no matter what the circumstances, but if you're investing in California real estate from out-of-state the stakes are even higher. You want to make sure you choose the right property and the right city. That's hard when you’re in an entirely different state. However, it's not impossible to find the perfect property for you even if it is across state lines. Below are 4 questions you should be asking to make sure you make the right decision.
Three Advantages to Buying a Fix and Flip During the California Fall
Posted by Ken Meyer on Thu, Nov 03, 2016Real estate sales are always higher during the spring and summer months, but don't let that discourage you from searching for your next fix and flip outside of those prime selling months. Now that summer has ended and autumn is here, consider these three advantages to buying a fix and flip during the California fall.
5 Things To Look Out For When Flipping a House That Had Pets
Posted by Ken Meyer on Thu, Oct 27, 2016An animal is a wonderful companion. With that said, pets pose quite a disaster to homeowners and house-flippers. One has to watch out for urine, fecal matter, dandruff, and other common issues pet owners face. Get your black light and nose ready to check for these common problems when flipping a house. There are five things to look out for when flipping a house that had pets.
Flipping houses is seldom about a single flip. The idea of turning a massive profit on a single fix and flip makes for great TV but is unrealistic when ratings aren't on the line. The reality is that turning a profit flipping houses relies on steady, smaller profits, rather than huge six-figure returns. In baseball terms, you'll bet more learning to play small ball than hoping for home runs.