Investors who are new to the very lucrative "fix and flip" market can make financial mistakes when they make renovations to an older property. It is better to learn which renovations are better left as they are by reading this article, than by graduating from the school of hard knocks.
If you want to increase the value of your property, but you don't want to make a big investment, there are many inexpensive tricks that you can use to increase your return on investment. Here are 8 things that you should consider doing before selling or renting your property.
With the rise of such networks as HGTV and the DIY Network, there now seems to be an overabundance of shows that show the "fix and flip" process -- and while some get the process down pat, there are many more that are completely off-base.
Fixing and flipping can be a lucrative business if you know what you're doing. If you put in the time and effort, and you do enough research, you could develop a very successful career. This won't happen overnight, and experience certainly comes with time. So, how do you make a name for yourself in the beginning? How do you avoid sounding like it's your first fix and flip?
If you've ever bought a distressed property or really any property for that matter, you probably already know the obvious signs of costly repairs. Sloping floors, water damage in ceilings and old electrical panels are all easy to see problems that might mean big money to fix.
While a lot of people prefer to fix and flip the homes they buy and rehab, there are several pros to the buy and hold option. Of course, in order to successfully do this, you have to constantly have renters in your home. So, we've made this list of four buy and hold rehab tips to appeal to renters to help you have success on your buy and hold project.
When the clock strikes 12 and the new year arrives we all celebrate and promise to make the current year better than the year before. We make promises to ourselves, and set goals to meet in the coming months. If you want to focus on making the most out of your fix and flip career in 2017 then here are three New Year’s resolutions to run a better fix and flip business.
According to California resident expert Ray Calnan, Assistant professor of Real Estate and Business Law at Cal State Northridge, on the website, WalletHub.com, when contemplating flipping a house:
Investing in a run-down, abandoned home and fixing it up so that it can be sold for a profit is a popular way to get involved in the real estate industry. There are plenty of television shows that make it seem like a fast, easy way to make big money. While profits can certainly be made, you first should make the time and money investment to get there. Unless you have a large amount of cash lying around, you will most likely have to obtain a loan for the purchase and rehab. Here are some things you need to know before getting your first fix and flip loan.
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.