You have located the perfect house for a fix and flip, secured your fast funding rehab loan, and assembled all of the tools and equipment you need to get started on renovation. Now comes the fun part – choosing paint colors! Continue reading
You are taking on a fix and flip project and your rehab and repair list feels like it is ten miles long. If you hire a contractor for every single item, you may find yourself out of money quickly, no matter how large your private lending loan for investment property may be! Especially when you are working with an investor loan, you want to be sure that your fix and flip is profitable, so it’s a good idea to focus on do-it-yourself work for some of your to-do list. Continue reading
When you’re working on a fix and flip property, there are places to spend and places to save. If you have secured fast funding from a private lender you will want to use that rehab loan in the smartest way possible. Here are a few ways you can save money, keep more of your rehab loan for bigger projects, and still make a profit off of your beautiful property. Continue reading
The inside of a home is where people spend most of their time, it’s true, but the exterior of a property is what they will see first. When you are working on a fix and flip, it makes sense to work toward a beautiful home with lots of curb appeal, as this will leave a great first impression on prospective buyers without costing a ton of money. Continue reading
Flipping a house may seem like a quick and easy way to make a profit, but if you have not thought about the bigger financial picture you should spend some time figuring out if you can afford to fix and flip before you jump into the project.
Usually, a fix and flip is relatively affordable up front because you are purchasing a lower value home. It is not as expensive as buying a home in better repair, but you do need to invest money – and sometimes a lot of it! – into the repairing part of a fix and flip. Continue reading
When rehabbing an investment property, there are certain jobs that you can do yourself, and others that it is recommended that you hire out to a licensed contractor. Just the fact that these professionals are licensed means that they are insured and certified, as there are risks associated with the job itself, or with the end product. You want to make sure that the property is safe and will remain safe for you or for the buyers! Continue reading