Flipping: Love It or List It? With guest flipper Marci
Natalie always says, “The key to a profitable flip is two ingredients: buy well and do NOT go over the budget.” In this episode, Marci joins Natalie to share stories from her flipping career, which spans 17 years and 27 flips in Calgary and Ottawa.
“I love being my own boss in flipping. I’m in control of my own destiny. It’s freedom and it’s a wonderful thing.”
Marci started out by purchasing properties as rentals and after a few years realized their potential as flips. After moving to Ottawa, she found a niche market and researched it – focusing on two sister buildings in Montreal. Now on her 8th flip within those buildings, she’s created a micro market by improving and raising the value of these specific buildings, one renovated unit at a time. Every flip she completes sells for more than other units in the buildings. She has been slowly and steadily raising the bar and the resale prices in this niche market.
With the challenges Covid restrictions introduced, Marci learned how to do most of her own construction work by watching YouTube. Now it’s easy! Once you DIY a few times, you can figure out ways to be more efficient. By the third unit, you are a pro! Marci has become the poster woman for sweat equity, gaining value by paying herself first.
“I do a better job than my other contractors because I actually care. It’s my work and my property.”
You must humanize the property purchasing experience, as the highest offer is not always the winner. There are always emotional costs to selling and you need to bring that into your offers. Flipping provides freedom, your own schedule, and a full cut of the profits. You’ll never be happier or more fulfilled!
Social Media:
Day of
Out Now! Your Way into Real Estate – Flipping: Love It or List It
“I love being my own boss in flipping, I’m in control of my own destiny. It’s freedom. It’s a wonderful thing.”
#realestate #houseflipping #yourwayintorealestate
To hear it now, search “Your Way into Real Estate” on your favourite podcast app!
Apple Podcasts: https://podcasts.apple.com/ca/podcast/your-way-into-real-estate/id1543251630
Spotify: https://open.spotify.com/show/6QppLD00QpEr0XoPRjPb60
Three days later
In case you missed it… Flipping: Love It or List It
“When you’re doing a flip – never underestimate the power of paint. It’s unbelievable what paint can do, from trim, floors, backsplash, everything. Avoid ripping things out, there’s so many things you can do instead of gutting the place out.”
To hear it now, search “Your Way into Real Estate” on your favourite podcast app!
Apple Podcasts: https://podcasts.apple.com/ca/podcast/your-way-into-real-estate/id1543251630
Spotify: https://open.spotify.com/show/6QppLD00QpEr0XoPRjPb60
#realestate #houseflipping #yourwayintorealestate
