Published April 26, 2024
House Flipping!
Written by Refined Realty NW
It's becoming quite the trend to transform a dull house and turn it into a luxurious home that you can rent out each month for cash.
But the truth is, I've seen flips go amazingly well, AND I've seen them crash and burn. BAD. So before you jump on the bandwagon, here are a few tips:
• Have a healthy amount of cash solely for flipping the property.
• Have a margin in your calendar each week to work on your flip.
• Ask friends, family & coworkers for references to help build a list of skilled & reputable contractors.
• Be patient. Flipping houses isn't a walk in the park. You'll need lots of patience when things don't go as planned.
• Talk with a realtor who knows your neighborhood. Ask for advice on the projects with the highest ROI & the demands of today's buyers or renters market.
As always if you are curious about home buying or selling.
Call or text me today! I'd love to chat with you!
Your friend & local realtor,
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