If you are thinking about, or ready to start flipping houses to make some extra cash or start a new career, here are a 8 tips to hopefully make you better informed so you can avoid some costly mistakes.
What You Can Learn From House Flipping Shows & What You Should Ignore
Have you ever wondered if those house flipping TV shows are useful for investors?
Chances are, they may have been a driving reason that you are considering flipping houses in the first place!
In the video below, you will learn what’s actually practical and useful about these shows and what isn’t.
The first step in your house flipping career is to learn how to find the home leads.
How to Gain a Competitive Edge in Your Market
Are you looking for a competitive edge in this crazy market flipping houses?
In this real estate investing tips for beginner’s video below, you will learn how to gain that edge.
How to Find Affordable, Quality Contractors
Next you will need to find help with making the repairs on that house you just bought.
In the video below, you’ll learn how to find affordable, high quality contractors to work you on your flips.
Tip: Many first time investors try and team up with a contractor in order to get started flipping homes.
Now that you have found a contractor, here are a few tips and strategies for upgrading the different rooms in the house.
Kitchen upgrade tips you can use today
Gong with maple cabinets is better than oak, which is getting outdated these days.
I can’t say enough about adding brush nickel fixtures and sleek looking appliances to the kitchen.
It’s an easy and economical way to increase the look and appeal of the space.
Killer bathroom remodeling strategies
We don’t usually install windows in bathrooms, but we chose to do so here to give water views to anyone taking a shower.
Can’t beat water views while showering!
How The Right Flooring Sells Your House Flip
Flooring sells house flips.
If you use the same flooring throughout the entire home, especially on an open floor plan, you will open up the space and sell your house flips faster.
Laminate flooring is also a plus because it does hold up well to moisture and wear and tear.
Now that your house flip is all remodeled and ready for sale, should you stage the home?
When to Do Home Staging on Your House Flips
In the video below, Mike delves into when and at what price point you’ll want to consider home staging to sell your house flip more quickly.
He also reveals how much home staging costs and what kinds of house flips are good house staging candidates.
Lastly, you might want to consider hiring a real estate agent to help you sell your home.
You can usually find a real estate company that will list your home on the MLS for a flat fee, and then you do all the negotiations yourself.
If you haven’t ever done this before, you might want to consider hiring a real estate agent.
Many agents will give investors a discounted rate, plus many title companies will do the same.
Important Questions To Ask A Real Estate Agent You Want Hire
Some tips on hiring the best Real Estate Agent to represent you when you are buying or selling a home.
Also, take the time to check out:
*Full time or part time
*Where their loyalties lie
We hope these tips help you make good decisions should be ready to start flipping homes.
We have been in the real estate investment game for many years and are always here to help you in any way possible.
He is also 1/2 of the "Two Mikes!"
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LM2 Investment Group
9160 East Bahia Drive #105
Scottsdale, AZ 85260
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