Every real estate investor has one goal in mind when purchasing a property to fix and flip, to make a profit. Even the most experienced investors find themselves working with tight margins, due in part to making some simple mistakes. Understanding the most common things shared by high return fix and flip properties in California gives investors an edge. Regardless of location, there are three common things shared by high return fix and flip properties in California.
Three Common Things Shared By High Return Fix and Flip Properties in California
Posted by Ken Meyer on Tue, Oct 11, 2016There are numerous TV shows showcasing the fix and flip business. It looks like a fun way to make some extra money, or become an exciting career. It has the potential to become very lucrative, but you should be careful. You can't just jump in without any knowledge, and buy the first fixer upper that you find. In the beginning you need to ask yourself what kind of homes are good for new fix and flippers? While there is not one specific house that's best for beginners, there are definitely some qualities that make some homes better investments for those who are just starting out.
Three Things to Look for When Reviewing a Small Property vs a Larger Property
Posted by Ken Meyer on Tue, Sep 27, 2016The California real estate market is full of properties of all sizes, from tiny up to massive mansions. To some real estate investors, smaller properties hold the most interest. This is likely due to the relatively low investment required to purchase and remodel the home so it's market ready. However, there are three things to look for when reviewing a small property vs a larger property.
Five Small Things You Can Do To Save Money on Your Fix and Flip
Posted by Ken Meyer on Tue, Sep 20, 2016Fixing and Flipping a house is going to cost money, there's no way around it. However, there are ways to reduce your cost, and therefore increase your profit when you sell the home. Here are Five Small Things You Can Do To Save Money on Your Fix and Flip.
Real Estate Investing Woes: Three Common Issues Buyers In California Face
Posted by Ken Meyer on Tue, Sep 13, 2016Every real estate investment deal comes with its own set of unique challenges that buyers have to overcome. Three common issues buyers in California face are lack of capital, tight deadlines and slim profit margins. For most, that's part of the allure. These individuals thrive on the adrenaline rush that comes from turning an investment property into profit quickly and with as little capital as possible.
Fixing and flipping homes has become increasingly popular over the years. It's fun and profitable, if you know what you're doing, but it takes a lot of thought and effort. Planning, and learning helpful tips, will be the difference between making a profit and losing money. Here are Five Things That Will Make Your Fix and Flip Easier.
Although most schools are back in session there are still people who are seeking out rental properties, while others are looking for a home to purchase. As a real estate investor, you should certainly be aware of the importance of the end of summer real estate opportunities. Just keep in mind that as Labor Day approaches, you need the flexibility and knowledge to act with purpose at just the right moment. Whether you're a fix and flip investor, or you prefer to fix and hold, there are three ways to take advantage now.
How Much DIY Is Too Much? How to Balance the Cost of a Contractor with Doing it Yourself
Posted by Ken Meyer on Fri, Aug 26, 2016Many people have had tremendous success in the real estate market purchasing distressed properties to renovate and resell; and perhaps you have considered taking on a similar project of your own. You probably have a lot of concerns and you may have asked yourself: How much DIY is too much? Or...How do I balance the cost of a contractor with doing the work myself? There are many factors that need to be considered when looking into purchasing a distressed property. Some of these include:
3 Things That Can Turn a Renovation into a Nightmare and How to Avoid Them
Posted by Ken Meyer on Tue, Aug 16, 2016Fixing and flipping houses seems like a pretty straightforward process from the outside. All you really have to do is find a distressed property, put time and money into renovating it, and then sell or rent it out. However, it's not that simple, in fact, it's a much more complicated process than most people think. There are many things that can go wrong; however, there are three things that can turn a renovation into a nightmare. Successful flippers understand this risk, and work diligently to avoid these scenarios at all cost.
2 Common Types of Fix and Flip Houses You Will See a Lot of in California
Posted by Ken Meyer on Tue, Aug 09, 2016You might think that California offers a myriad of different types of properties that you can fix and flip. While there are homes of every size, shape, style and price range imaginable, they all have certain commonalities. Likewise, it doesn't matter whether the home is a single family home or a rental unit, they are very similar in terms of structure and investment potential. For most real estate investors, there are only two common types of fix and flip houses you will see a lot of in California; foreclosure auctions and short sales.