Flipping is about sweat equity. It’s about knowing the market and doing what you can to maximize the value of the property, with the least amount of money in the shortest period of time. In this episode, we dive into the pros and cons of flipping. I share personal experiences and tell you how to get started. Flipping is about finding a formula that makes you money and TODAY is a great day to dive in!
Flipping is about sweat equity. It’s about knowing the market and doing what you can to maximize the value of the property, with the least amount of money in the shortest period of time. In this episode, we dive into the pros and cons of flipping. I share personal experiences and tell you how to get started. Flipping is about finding a formula that makes you money and TODAY is a great day to dive in!
“The uglier something is, the more excited I am about it! The more I feel the pull to find the diamond in the rough.”
Why flip? It provides financial and creative benefits, as well as being a passion project! You must stay unemotional about flips, but you can still be excited and show it off. As all things, there are some cons you need to be aware of, including tight timelines and going over budget (always have a contingency budget). Stuff happens! In the end, it’s still a super rewarding endeavor.
House flipping shows on TV are not realistic, they’re too glamorized, too staged. You need to see flips for yourself before you attempt one. If you can, intern with a seasoned flipper as it’s cheaper than diving in on your own unprepared. Finding a mentor can teach you some valuable lessons.
Most importantly, there is enough business for everyone, and I want more women to succeed in this field.
