Flipping Houses & Rehabbing

In case it wasn’t obvious, flipping houses can be risky business. We’re typically dealing with houses that cost tens and hundreds of thousand of dollars. The stakes are higher. The profits are also higher and that is why so many people are willing to take on the risk. But we can reduce the risk and [...]

One of my favorite self-improvement gurus is Steven Covey. As you may know, Covey wrote the 7 Habits of Highly Effective People – and although he’s no longer with us, his teachings taught millions of people how to achieve ultimate success in business and in life using seven simple principles. His thoughts on thinking win/win, [...]

Last week, I went over 43 times when flipping houses is NOT all fun and games. Things are not always hunky-dory, but sometimes it can be a lot of fun. We’ve got to look at the other side of the coin, the side that looks like a coin from Chucky Cheese. Let’s take a look [...]

Flipping houses isn’t always as glamorous as it is usually made out to be. Yeah, there’s good money to be made, but things don’t always work out smoothly. There is work involved. There can also be a lot of frustration. Over the years, we’ve experienced our fair share of frustrating and even scary times. Here’s [...]

Not that $15,000 isn’t a bad profit, it’s just that you are unlikely to make that amount and could even lose money. The reason is all of the unexpected costs. I Thought It Was Purchase Price Less Repairs Equals Profit… The house flipping television shows love to show super simplistic formulas for how much profit [...]

I never cease to be amazed that so many new investors gravitate to fix and flipping single family housing as their strategy of choice.  Don’t get me wrong, I understand why this is – allure of quick money is strong indeed; and it looks so easy on TV.  My experience, however, has been that flipping [...]