Flipping Houses

Expert Tips and Tricks for Successfully Flipping Houses

Expertise: Personal Development
38 Articles Written
Two colleagues giving high five in meeting. Business people celebrating success in conference room.

If you spend a decent amount of time on BiggerPockets, you likely have a good idea of what it takes to flip a house. Buy it cheap, fix it up fast (and cheap if possible), and sell it for more money than you put in.

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There are many articles written on how to calculate repair costs, how to analyze the numbers, and how to find the best deals. These are all great. If you’re anything like me, however, you may wish you could get more details on just what the experts are looking at when deciding whether or not to flip something.

Related: 6 Clever Ways for House Flippers to Save Big on Remodeling Supplies

There is a lot of info on the theory of flipping houses. But sometimes what we need is a little more on the actual practice.

My partner Mario Mazzamuto and I made the video below for just that reason. Whether I’m flipping a house for myself or upgrading one for a client (before putting it on the market), there are several things we look for that we know will provide a quick and easy win.

These are the upgrades or changes that will require the least amount of time and money and provide the highest return on investment.

Expert Tips and Tricks for Successfully Flipping Houses

In this video, we highlight a few upgrades from one of our projects and walk you through what we consider when we look at potential projects.

Related: 5 Questions to Ask Before Investing in a Fixer-Upper

1. Update kitchens and bathrooms.

These rooms offer the biggest bang for your buck. Make these rooms pop with paint, tile, flooring, lighting, etc.

2. Maximize space and storage.

People love storage—especially in the age of Walmart and Costco. Make unusable space usable to add value.

3. Reuse whatever you can.

If counters or cabinets can be rehabbed, use them. Paint cabinets and replace hardware instead of ripping them out entirely.

4. Upgrade hack when possible.

Figure out how to get the highest and best use out of every square foot of the property—without breaking the bank. For the property in the video, we sealed off the area housing the water heater and converted unused space into a laundry room with shelving for storage.

Rehabbing houses intimidates a lot of investors, both new and experienced. But it doesn’t have to! By learning how to communicate with contractors and how to find people who are good at what they do, you can start running rehabs without much anxiety or struggle.

For more information about how I manage rehab projects, save money, and add as much value for as cheap as possible, watch the video above and please check out my BiggerPockets book.

Do you have any additional tips you’d like to share regarding house flips?

Let me know in the comments below!

David Greene is a former police officer with over nine years of experience investing in real estate that includes single family, multifamily, and house flipping. David has bought, rehabbed, and managed over 35 single family rental properties, owns shares in three large apartment complexes, and flips houses. He also owns notes and shares in note funds. A nationally recognized authority on real estate, David has been featured on CNN, Forbes, and HGTV. Now the co-host of the BiggerPockets Real Estate Podcast, David has a passion for teaching and helping others grow wealth through real estate. In 2016, David started the "David Greene Team" and became the CEO of the top producing Keller Williams East County team, as well as the top producing real estate agent. The author of Long Distance Real Estate Investing and Buy, Rehab, Rent, Refinance, Repeat, David has won several awards including second place for real estate book of the year awarded by the National Association of Real Estate Editors (Long Distance Real Estate Investing).

    Mary B. Real Estate Investor from Lansdowne, Pennsylvania
    Replied about 2 years ago
    Great pointers. thanks for sharing. Kudos, Mary
    Karl B. Rental Property Investor from Los Angeles, CA
    Replied almost 2 years ago
    Awesome video! I look forward to reading your book.
    Mario Mormile Investor/ Real Estate Agent from Burton, Ohio
    Replied almost 2 years ago
    Great vid and content! It is amazing how inexpensive it can be to open up a kitchen/ dining room. Looking forward to your book!
    Josh Wing from South Bend, Indiana
    Replied about 1 year ago
    I never understood why anybody would put a window in the shower.
    Tom K. Investor from Glenolden, Pennsylvania
    Replied about 2 months ago
    It would be great if people stated the exact name of colors they are using For example, what exact color will you paint the bathroom vanity? What exact color/sheens will you paint the kitchen cabinets? What color are you painting the outside walls?