Rehabbing a house shouldnt be a pain in the neck. In fact, it is a highly enjoyable and exciting task because you get to experience firsthand the joys of transforming an ugly house into a thing of beauty. You can also earn a lot of money while doing the job you like the most.If youre a first time rehabber, you might get overwhelmed by the enormous task of refurbishing an old property and making it look new. Youre probably wondering what areas of...more
Many are convinced to get into the rehabbing business. Rehabbing a home can be very lucrative. However, before you make any final decision, it is very important that you know some tips, which will help you, lower your risks when doing the business. 1. First of all, make sure that all your contractors are licensed. More than just that, they should also be insured and bonded. When looking for people to work in your project, do...more
The formula to making huge money when you fix and flip a property is to beef up its curb appeal. After all, who in their right mind would buy and live in a house that looks like it came straight from a horror movie? Therefore, if you want to turn your rehab project into a big hit, then you better know how it can capture the buyers attention in just one glance.There are many ways to raise a propertys curb appeal. You just have to use your creativity and ingenuity. However, you also have to be careful and avoid going overboard with the renovations because what is beautiful to you may not be the same to the potential buyers.When you fix and flip a house, one of the best strategies to improve your projects marketability is to give special attention to the kitchen. Many experts agree that most Americans like to spend their time in the kitchen when they are not watching television. By beautifying this particular part of the house, you can easily convince a prospective buyer to take the property.Keeping the garden and the yard well-maintained can also earn you points from your future clients. As we all know, the yard is one of the things a buyer will see first when he steps into the curb....more
If you are planning of flipping houses to earn more income, there are a few things that you need to keep in mind before you make the leap. First and foremost, it is very important that you have enough capital necessary to get the whole project moving. Second, you need to decide whether you will do fine working on the project on your own....more
For every business, theres always a set of fallacies surrounding it. In the case of flipping houses, there are many false beliefs that have discouraged prospective investors. However, those who dig deeper learned that all those truths were actually lies that originated from misinformation. Here are some famous fallacies about flipping...more
Some businesses fail because their owners missed minor details about the venture. Details indeed are powerful because they can make or break success stories. In the case of wholesaling houses, there are details you can skip. There are also details you must know like the back of your hand. Here are some of those you must keep in mind.Wholesaling houses is dealing with contracts. This business is basically placing a property under contract to buy it. You, however, will not buy the house. Instead, you will look for a buyer who will purchase the property. You take home money in this business through the assignment fee. Its your prize for finding that property first. In todays market, wholesalers often take home a $10,000 assignment fee from a single transaction alone. Another thing you must understand is that wholesaling houses is a fast business. It is also known as flipping houses, and when you flip something, you do it fast. You must be able to find a buyer for the property fast because a contract usually lasts only a few days or weeks. If you dont find a buyer for the property, you will lose a chance to earn huge money. You will also lose the amount you gave the owner for...more