How Much Work Should You Take On With a Flip? - Threshold Homes | Minnesota
How Much Work Should You Take On With a Flip? - Threshold Homes | Minnesota
So, you’re getting ready to start house flipping, but you’re wondering how much work you should personally take on. House flippers, especially newbies, might be looking to take on work themselves and cut corners to save on costs. While your profit-driven mind and willingness to get your hands dirty is admirable, I do not recommend […]
The post How Much Work Should You Take On With a Flip? appeared first on Threshold Homes | Minnesota.
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So, you’re getting ready to start house flipping, but you’re wondering how much work you should personally take on. House flippers, especially newbies, might be looking to take on work themselves and cut corners to save on costs. While your profit-driven mind and willingness to get your hands dirty is admirable, I do not recommend […]
The post How Much Work Should You Take On With a Flip? appeared first on Threshold Homes | Minnesota.
So, you’re getting ready to start house flipping, but you’re wondering how much work you should personally take on. House flippers, especially newbies, might be looking to take on work themselves and cut corners to save on costs. While your profit-driven mind and willingness to get your hands dirty is admirable, I do not recommend […]
The post How Much Work Should You Take On With a Flip? appeared first on Threshold Homes | Minnesota.
House flipping success is dependent on time and budget. A critical aspect of both of these is your plan for renovation. Proper planning can save you time and money. I recommend getting started and detailing your plans as much as possible to ensure you’re starting on the right foot. I’m going to break down when […]
The post How to Plan Your Flip Renovation appeared first on Threshold Homes | Minnesota.
House flipping success is dependent on time and budget. A critical aspect of both of these is your plan for renovation. Proper planning can save you time and money. I recommend getting started and detailing your plans as much as possible to ensure you’re starting on the right foot. I’m going to break down when […]
The post How to Plan Your Flip Renovation appeared first on Threshold Homes | Minnesota.
Are you clueless about funding a flip? Many new flippers get tripped up in this process, and I was one of them. Unfortunately, it delayed me from getting started. I believed there was only one way to purchase and renovate a house: Having the cash. While that may be the ideal situation, there are plenty of other ways to fund a flip. When you’re starting and building your profits, you must know all the options you may have access to. I always have and always will tell you from experience with ov...
Are you clueless about funding a flip? Many new flippers get tripped up in this process, and I was one of them. Unfortunately, it delayed me from getting started. I believed there was only one way to purchase and renovate a house: Having the cash. While that may be the ideal situation, there are plenty of other ways to fund a flip. When you’re starting and building your profits, you must know all the options you may have access to. I always have and always will tell you from experience with ov...
Now that we’ve talked about how to find a flip property and how to fund your flip project, let’s discuss renovation and selling. While you’re likely eager to get to the demo day and renovations, it’s critical to have a foundation of knowledge and expectations. For those who are considering a fix and flip for the first time, it’s important to know there are many unknowns. Even if you’ve renovated your home, it is much different when you’re overseeing an entire house renovation. The ...
Now that we’ve talked about how to find a flip property and how to fund your flip project, let’s discuss renovation and selling. While you’re likely eager to get to the demo day and renovations, it’s critical to have a foundation of knowledge and expectations. For those who are considering a fix and flip for the first time, it’s important to know there are many unknowns. Even if you’ve renovated your home, it is much different when you’re overseeing an entire house renovation. The ...
Luxury homes are more than grand staircases and expensive additions. The good news is, luxury design items don’t have to cost more. Some of the items found in more expensive and new homes can be added to your flip without adding a ton to your budget! To add value and give a flip a luxe feel, I like to focus on layout and function, upgraded materials, and comfort. Let’s get into my top tips and examples to reach a luxurious level without breaking the bank. Layout and Function We’ve dis...
Luxury homes are more than grand staircases and expensive additions. The good news is, luxury design items don’t have to cost more. Some of the items found in more expensive and new homes can be added to your flip without adding a ton to your budget! To add value and give a flip a luxe feel, I like to focus on layout and function, upgraded materials, and comfort. Let’s get into my top tips and examples to reach a luxurious level without breaking the bank. Layout and Function We’ve dis...
I have been scaling a house flipping business for over a decade. When I started, I was between various media to learn all I could about real estate and flipping. Now, with many years of experience (all successes and failures), I put together this step-by-step guide for a profitable flip in 2022! House flipping is an involved process with many steps. To break it down broadly, the steps are: Find a house, buy the house, renovate it, and sell it for profit. Again, this is a very broad ist but since...
I have been scaling a house flipping business for over a decade. When I started, I was between various media to learn all I could about real estate and flipping. Now, with many years of experience (all successes and failures), I put together this step-by-step guide for a profitable flip in 2022! House flipping is an involved process with many steps. To break it down broadly, the steps are: Find a house, buy the house, renovate it, and sell it for profit. Again, this is a very broad ist but since...
We’ve talked about it before: You don’t need a real estate license to flip houses. But if you do have your license, you should know the opportunity available. Real estate agents looking for additional income streams should consider real estate investing. There’s no clear answer to how many agents pursue investing, but experts estimate between 10 and 20%. It is a natural addition, but can also help their retirement. Unfortunately, a 2019 survey found only 10% of US-based respondents believe...
We’ve talked about it before: You don’t need a real estate license to flip houses. But if you do have your license, you should know the opportunity available. Real estate agents looking for additional income streams should consider real estate investing. There’s no clear answer to how many agents pursue investing, but experts estimate between 10 and 20%. It is a natural addition, but can also help their retirement. Unfortunately, a 2019 survey found only 10% of US-based respondents believe...
The real estate market in 2022 remains hot, with demand higher than available homes. With this in mind, you may feel it’s okay to skip staging, but I urge you to rethink that. Staged homes continue to generate more offers and sell faster. The good news is that proper staging can take the place of a more extensive renovation and can uplevel rooms with minor tweaks to attract potential buyers. Read on for my six tips to stage a home to sell in 2022 Clean First Before staging the home, be sure th...
The real estate market in 2022 remains hot, with demand higher than available homes. With this in mind, you may feel it’s okay to skip staging, but I urge you to rethink that. Staged homes continue to generate more offers and sell faster. The good news is that proper staging can take the place of a more extensive renovation and can uplevel rooms with minor tweaks to attract potential buyers. Read on for my six tips to stage a home to sell in 2022 Clean First Before staging the home, be sure th...
Before diving into the house flipping business, you’ve likely had a glance into the life of a flipper through social media and house flipping shows. If that’s you, chances are you have some expectations of the process that might need to be debunked. The most common expectations are that flipping is easy, can be done quickly, that it’s a fast way to make money, and that details don’t matter. The reality of each of these is much different. I have some additional advice at the end, let’s ...
Before diving into the house flipping business, you’ve likely had a glance into the life of a flipper through social media and house flipping shows. If that’s you, chances are you have some expectations of the process that might need to be debunked. The most common expectations are that flipping is easy, can be done quickly, that it’s a fast way to make money, and that details don’t matter. The reality of each of these is much different. I have some additional advice at the end, let’s ...
A primary way you can lose profit on your flip project is by over-renovating. Over time, you’ll learn how to best walk the line between renovating enough and not too much. Think strategically to ensure you’re renovating what needs to be done without overdoing it. It’s a balance with an end goal of attracting the most potential buyers. There are eight main areas to consider when planning your renovations. I’m going to break down these eight things and discuss when and how a renovation i...
A primary way you can lose profit on your flip project is by over-renovating. Over time, you’ll learn how to best walk the line between renovating enough and not too much. Think strategically to ensure you’re renovating what needs to be done without overdoing it. It’s a balance with an end goal of attracting the most potential buyers. There are eight main areas to consider when planning your renovations. I’m going to break down these eight things and discuss when and how a renovation i...