8 Reasons Why Flipping Houses is a Bad Idea For You
While I’m a massive proponent of fix & flips, it doesn’t mean that it’s for everyone! Let’s cover a few reasons you might not be cut out for it.
Is $100k Enough to Flip a House?
There are dozens of costs on a fix & flip deal, many of them being ones you wouldn’t even think about. So how much do you really need to flip a house?
What is the Average Salary for a House Flipper?
House flippers can famously earn lots of money (even 6 figures on a single flip), but really what is the the average salary for a house flipper per year?
What Does Estimated ARV Mean?
The ARV, or After Repair Value, is perhaps the most important calculation for fix & flip success. This is the step where you can determine if there’s profit on your deal. What does estimated ARV mean?
How Much Money Should You Have Saved to Flip a House?
A surefire way to ruin your deal is to run into unexpected costs you can’t afford. Here’s what to expect and how much a flip will likely cost you.
What Does CDOM Mean in Real Estate Investing?
Find properties with a high CDOM can help you find motivated sellers willing to sell at a discount. But what does CDOM mean and how can you leverage it for fix & flips profits?
How Much Money Do You Need to Flip a House?
Two of the most popular questions I get are “How much money can I make flipping houses?” and “How much money do you need to flip a house?” Both are fair questions …
What Does DOM Mean in Real Estate?
There are so many variables that need to be met for a house to successfully sell that it can feel overwhelming. One important but misunderstood variable is the DOM number. But what …
How Long Does it Take to Flip a House?
Starting a house-flipping business can be an exciting moment. You get to envision the beautiful homes you’ll create for new homeowners while also supporting yourself and your family. But once those LLC …
Is House Flipping Ethical?
Reality TV shows about house flipping have turned this once quiet industry into a niche full of drama and criticism. I realize that makes me sound like an old grump, but I …
How to Flip a House With No Experience
Fix & flips are one of the most popular methods for real estate investing. To me, it makes sense; seeing the before and after of a home is much more exciting than, …
Can You Subdivide Property That Has a Mortgage?
Investing in land is one of the safest ways to grow your net worth. Sometimes, though, investors will get in over their heads and buy up too much property. Or they’ll buy …