Flipping Houses in a “Bad” Neighborhood | The Risks and Rewards

Flipping houses in a "bad" neighborhood might seem counter-intuitive to you because industry pros constantly say "look for the worst property in the best neighborhood." Of course, this is to ensure that once you have turned your ugly investment property into a beautiful home you won't have any trouble finding someone willing to buy it.  While that can …

House Flipping Taxes | Do You Need a CPA?

As your fix-and-flip business grows, the complexity of your reporting to the IRS grows as well. Not only will you be required to keep accurate records of income and expenses, you will need to know how to calculate basis and depreciation. Also, it is critical to have a solid understanding of what can and cannot …

Scaling a House Flipping Business: How to Go from One Flip to a Portfolio of Income Properties

More often than not, once an investor has successfully completed their first fix-and-flip project, they quickly become hooked. While the process can undoubtedly be a roller coaster of highs and lows, the art of fixing and flipping properties often ends up becoming a lucrative hobby (or full-time business) for many first-timers. So, once you’ve been …

Preventing Theft at Your Fix-and-Flip Work Site

Among the threats to your fix-and-flip project's ROI, theft of materials is one that can take a big bite out of your profits. On any given day, your fix-and-flip work site can contain tens of thousands of dollars worth of construction materials, tools, appliances and other items of value--and it only takes one criminally-minded worker, …

How to Use Instagram to Grow Your Fix-and-Flip Business

Whether you are just getting started in fix-and-flip investing, or you're flipping dozens of houses at a time, to succeed in this business requires a strategy for effective b2b and b2c networking and marketing. Without having an intentional plan to connect with property sellers, and a cost-effective strategy to market your flipped properties to buyers, …

5 Important Factors That Can Help Keep Your Fix-and-Flip Project On Schedule

When it comes to the many issues and pitfalls that can take a big bite out of your fix-and-flip project’s ROI, wasted time will be very high on the list. Every successful fix-and-flip investor knows that to keep ROI as high as possible, you’ve got to get your project’s turnaround time down to the least …

How Fix-and-Flip Investors Use Wholesaler Networks to Find Lucrative Deals

For a successful fix-and-flip investor, one of the most challenging aspects of doing business is finding viable distressed properties to flip. This is especially true in very competitive markets where properties priced below retail are snapped up by investors as soon as they hit the market. If this is the case in your market, make …

Fix-and-Flip Worst Practices: 10 Signs of Sloppy Workmanship in a House Flip

There is a significant rise in fix-and-flip investing in many areas of the country, and along with this rise in flip activity, fix-and-flip investors' average gross ROI in many U.S. markets has fallen. While there are markets where average gross ROI is more than 100%, investors in some markets are experiencing under 15% returns. Unfortunately, …

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 …