A first-time house flipper spent 46 weeks renovating a house. He listed it for sale and soon received a strong offer from a buyer. The flipper was stunned when I said that he would have to pay taxes on his profit. I told him three...
You're an experienced house flipper. People see your success. Many want to flip houses like you do, yet they don't do any deals on their own. Maybe they don't feel they have the knowledge or the knack for finding deals. Perhaps they don't have the...
This week a house flipper backed out of their contract for a cash purchase, willingly forfeiting their hefty deposit. Another flipper ran out of money and has been laying off their full-time contractors. A real estate investor has been denied additional financing from their bank, leaving them...
Investing in real estate does not have to be high-risk. One way to mitigate your risk is to calculate the After Repair Value prior to making an offer. How do you figure out the ARV when you're sifting through numerous properties online? First, let's...
Flipping a house can be a lot of fun. You go treasure hunting for a fixer upper. You put together your renovation plan, pick out the materials, transform the house inside and out, and then (hopefully) sell the house for a tidy profit....
Imagine earning an extra 67 percent of profit ($50,000 instead of $30,000) simply because you structured a flip transaction one way versus another. Some simple strokes of a pen on paper could make the difference in how much money you get to keep. ...
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