Flipping Houses

Is Your Significant Other On Board With Your Harebrained House Flipping Scheme?

by Danny Johnson | August 8, 2011

If it weren’t for my wife’s support and willingness to take a chance, we would not be where we are today. Flipping houses requires a certain level of risk tolerance to be able to stand the pressure involved in dealing with large amounts of money. Houses aren’t cheap, ok, maybe we’ve proved that they can [...]

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Flipping Houses

A Flipper’s Retirement – An Oxymoronic Phrase

by Jeff Brown | June 28, 2011

Over the years I’ve benefitted by flipping various kinds of real estate. In fact, the only category I haven’t rehabbed for a profit is a house. 2-4 units, small apartment buildings, even a medical building once. In fact, that one was my favorite. I’m not the flipping type, but those who do it well have [...]

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Flipping Houses

Controlling (And Conquering) Your Appraisals

by J Scott | January 19, 2011

I’ve addressed this topic several times in the forums, and much of this post is taken from an old forum post I wrote, but this subject is important enough to rehabbers and other investors that I wanted to make sure it was captured here on the blog… One of the biggest areas where rehabbers and [...]

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Flipping Houses

5 Best Areas to Add HUGE Value on your Flips

by Ryan Moeller | November 9, 2010

When it comes to flips, the uglier the property you find, the better the chances are you’ll make some money. Ugly houses not only scare off competition but the upside potential is typically better. Rehabbers are problem solvers – ugly becomes attractive, unlivable becomes desirable and repairs result in added value. There are 5 areas that [...]

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Flipping Houses

8 Ways to Find Great Areas to Flip Houses & Quick Sale Real Estate Tips

by Ryan Moeller | October 13, 2010

We completed a successful flip in a high end blue collar area and it went perfectly. It was a 70% LTV deal and we made a nice annualized return (tip #5). The property was in a suburb just outside of a great rental area, we categorize this area as a high end blue collar area [...]

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Flipping Houses

Long Term – Short Term – Real Life Term

by Jeff Brown | September 28, 2010

This morning I got my daily fix out of the way quickly, talking with a very bright investor who’s been doing well in turn ‘n burn mode. Not 40 yet, he’s married with three young children. They’ve been pretty successful in buying REOs, rehabbing them, and doin’ it over again. They’re now liking the whole [...]

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Flipping Houses

A Rehabbers Guide to Selling Property

by Steve L. | August 10, 2010

A lot of conversation goes on about buying the right way, and remodeling the property efficiently, but if you can’t get the property sold does it really matter? According to a California Association of Realtors study, from February 2010, 63% of homes fall out of escrow before they close. That is almost two out of [...]

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Flipping Houses

Fact Is – Most Are Diggin’ For Gold In a Silver Mine

by Jeff Brown | July 13, 2010

First off, you gotta know I’m all for the newbie out there willin’ to plow the dusty south 40 hopin’ to work their way up the ladder. Really, I am. Most of my experience has been that if they did just that, over time they’d be as successful as their talent would allow. In other [...]

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Flipping Houses

Why Many Wildly Successful Flippers and Wholesalers Will Face Bleak Retirements

by Jeff Brown | June 1, 2010

It’s always been true, but since the correction the calls I get from those specializing in ‘quick turn’ projects, whether flipping or wholesaling, have more than doubled. The calls are predictable, usually coming within a few days after publishing a post about what their retirement will look like, given their long term M.O. — and [...]

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Flipping Houses

Is It Time For You to Get Outa Dodge? From Flip to Keep to See Ya!

by Jeff Brown | April 27, 2010

My all time favorite axiom was taught to me by Grandma one day at their Art Shack in Temecula. It was during summer vacation, I was about 10 or so, and it was HOT. Grandpa was in the middle of one of his signature paintings of the Grand Canyon, when without warning he stopped, put [...]

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Flipping Houses

Calculating Fixed Costs on a Rehab, Flip or Wholesale Real Estate Deal

by J Scott | March 17, 2010

Last week, my blog post discussed my method for determining the maximum purchase price you can offer for a property that you plan to rehab/resell or wholesale. In the formula I presented, I referred to “Fixed Costs” and I mentioned that I know my Fixed Costs to be about $17,000 on a typical project. I [...]

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Flipping Houses

Determining Maximum Purchase Price (MPP)

by J Scott | March 10, 2010

The question I get most often from new investors looking to break into flipping or wholesaling is, “How do I determine the maximum purchase price I should pay when trying to buy a property I plan to rehab or wholesale?” Most investors have some quantitative analysis technique they use for determining their maximum purchase price [...]

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Flipping Houses

The “Affordable Custom Home” Real Estate Rehabber/Investor Niche?

by Ryan Hartman | December 6, 2009

When I was active as a Realtor working primarily with investors in Philadelphia, most of my business revolved around finding “Propertunities” for investors to rehab and hold or sell for a modest profit, usually in the that 100-200k range where there were always plenty of buyers. Of course, one of the most stressful stages of [...]

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Flipping Houses

The Siren’s Song that Led Me Into the Rocks of Rehab Over-Spending

by Justin Pierce | November 22, 2009

Last week I wrote about the slippery slope that is rehab over-improvement. This week I would like to share a story of how I recently over-improved a home and in so doing, gave away about $30,000. Over spending on your flip projects is so easy to do that I liken it to a disease such [...]

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Flipping Houses

How to Use Round Robin Auctions to Sell Your Investment Properties Quickly (Part 2)

by Shae Bynes | October 29, 2009

Last week, in part 1 of this article, I gave an overview of the steps to conduct a round robin auction to sell an investment property (particularly beautifully rehabbed homes) quickly. In part 2, I will give you some specific advertising ideas and also answer a possible question/concern you may have: What happens if my [...]

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