Fix-and-Flip Investing: Heading into 2020 What is the Industry Outlook for House Flippers?

The latest industry numbers are out from the real estate data experts at ATTOM DATA Solutions, and according to their Q2 2019 U.S. Home Flipping Report house flipping is on the rise, and some fix-and-flip markets are seeing an average gross ROI surpassing 100%. However, when it comes to market competition, average number of days …

Does a Real Estate Investor Need Good Credit to Get a Fix-and-Flip Loan?

If you are a fix-and-flip investor seeking additional capital to begin your next house flip, you may be considering a fix-and-flip loan from a private hard money lender—and you might be wondering how your credit history could impact your loan approval. If you have ever applied for a conventional mortgage, you know that a bank's decision …

Correctly Estimating Your Fix-and-Flip Renovation Budget

So, you’ve found a great distressed property priced below retail, and based on your estimated ARV, it looks like the deal might have a healthy profit margin. But before you can make a decision about paying the asking price for your fix-and-flip property, you’ll want to know what upgrades and repairs are required to make …

My House Flip Isn’t Selling: Now What?

It is a fix-and-flip investor’s worst nightmare. You discover a great distressed property, compare it to local neighborhood comps, calculate that there is plenty of profit between project costs and ARV, buy the property, renovate it, upgrade the landscaping and list your fix-and-flip masterpiece on the MLS. But, you’re not getting any offers. Weeks go …

How Much Should I Spend Staging My House Flip?

If you are at the point in your fix-and-flip project where you need to decide how much to spend on staging…congratulations! You have no doubt worked hard to find, buy and renovate your fix-and-flip investment property–now you just have to get it sold. Is staging my flipped house really necessary? In a recent Real Estate …

How to Find a Fix-and-Flip Investment Property Using Court Records

Are you a fix-and-flip investor who is finding that MLS-listed investment properties in your market are selling at a price point too high for you to make adequate profit? If the answer is yes, you may want to consider researching local public records to find viable leads to off-market fix-and-flip property deals. Your local newspapers …

Finding Fix-and-Flip Deals: Does Driving for Dollars Make Sense?

Driving for fix-and-flip dollars is exactly what it sounds like—driving through targeted neighborhoods looking for a property that could be a lucrative fix-and-flip project.  To drive for dollars, the fix-and-flip investor (or their hired scout) visits a specific area of town, driving up one street and down the next, looking for a property that appears …

Fix-and-Flip Property Improvements: What Insurance Should I Have Before Work Begins?

If you’ve purchased a fix-and-flip property and are preparing to start renovations, it’s important to know what type of insurance is needed at different stages of your project. While you may be under the impression you can just add your fix-and-flip property to your personal homeowner’s policy, it may not be as simple as that. …

Fixing-and-Flipping with the 70 Percent Rule

Whether you’ve been in the real estate investment world for a while, or are new to the ins and outs of fix-and-flips, there’s a popular term you’ll likely encounter — the “70 Percent Rule”. Simply put, the 70 Percent Rule is a way to help house flippers determine the exact price to pay for a …

Setting Up an LLC for my Fix-and-Flip Business: What Should I Know?

If you are considering setting up an LLC to operate your fix-and-flip business, know the answers to these 7 questions before you get started: What is an LLC? LLC stands for “limited liability company” and it is a legal entity that can be used to run a business or hold valuable assets such as real …