Who Is a General Contractor? One of the key players on your fix and flip team is your general contractor (GC). A general contractor is someone you hire to manage, coordinate, and carry out a rehab project both on time and within budget. They will be responsible for building, repairing, tearing down, and/or installing the
Timing your Flip – Part 4: Home Selection
Read Part 1 | Part 2 | Part 3 You are excited to start your house flip, you’ve got your mastermind team at the ready, and you’ve investigated the local housing market with data-driven research. Now it’s time to go close a deal and flip a property for a profit. So how do we make the
Timing your Flip – Part 3: Market Conditions
Read Part 1 | Part 2 You’ve reflected on your motivations for your house flipping project, you’ve surrounded yourself with a team of professionals to execute; now you need to investigate the housing market to select the right home to work on. Yes, the overall value of the housing market does rise and fall in cycles
Timing your Flip – Part 2: Building a Mastermind Team
Read Part 1 HERE You’re ready to flip a house. You’re motivated, you’re excited, you are confident in your skillset, and you have secured the financing to start a project. Before buying a home to flip, you need to already have a mastermind team in place so that you can get your property fixed
Finding the Sweet Spot for a House Flip
Flipping a house is a massive undertaking with plenty of decisions to rattle your brain throughout the project. Make sure you start with reliable choices that can lay the foundation for a smooth project. The most critical decisions to ensure a successful flip start in the beginning: identifying the neighborhood and location of your next
Building a Granny Flat: Know the Rules Part II
Part II We recently talked about granny flats (Part I Here) and the numerous benefits of adding one to your property. When orchestrating a house flip, it’s relatively easy to add a secondary space to the job thanks to California’s new housing rules. Let’s talk specifics. We know the concept of a ‘granny flat’ comes from
California’s New ‘Granny Flat’ Laws: What you need to know – Part I
Part I With surging housing demand in California, maximizing living spaces is critical in your house flips. Tacking on a ‘granny flat’ is a relatively easy way for upgrading property value, but staying compliant hasn’t always been so simple. With California’s new 2019 laws your grand plans may be saved. Here’s the breakdown of what
Choosing the Right Property for Your Hard Money Fix and Flip
Fix and flips are worthwhile projects if you can make them work. A large part of that is doing the research, and getting yourself ideally positioned to make a purchase as soon as you can. That might mean acquiring hard money funding from a direct hard money lender. Choosing a property for a fix and
Finding Funding for Flipping Houses
Foreclosed and cheaply-priced properties are available all around the country, presenting a good opportunity to snatch up homes at rock bottom prices, rehab them, and sell them at a good profit. A fix and flip is an excellent way to quickly make money from real estate, and with wise decisions, can be a long-term investment
Using Direct Money Lenders for Your Construction Project
Financing a construction project based on the property’s current value is not likely to net you a large enough loan to make an impact on your funding. On the other hand, by working with direct money lenders to secure construction hard money, you can receive a loan based on the estimated potential value of your
