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Showing posts from November, 2013

Can you flip a house faster than cooking a turkey?

One of the things I often think about during thanksgiving is how long it takes to cook a turkey. Not just the time in the oven (usually 6 hours for a 20 pound bird), but also the time it takes to buy it, brine it, prepare it for cooking, cooking it, and finally carving it up. Think about what the average turkey costs. I'd pin the price down to between $20 and $50 for a 20 pounder. Price will often depend on quality, for the sake of argument, lets say $20 for a 20 pound bird, that will yield enough for about 20 people (a pound per person). So essentially we are cooking for $1 per person. Thats a pretty good economic deal considering how much beef and other meats cost. Now if we were flipping that turkey, I'm sure we could get at least $2 per person for the meal. But wait, what about all the prep time and cook time? Let's back up... what if we factor in the following: Total Turkey Time Buying the turkey 1 hour Brining the turkey 1 hour Prepping for Cook 1 hour Cooking

Science Behind Flipping Real Estate

In the Washington Post article, " The art and science of flipping a fixer-upper " a good argument can be made for diving deep into the things that make flipping a success. The article focuses on a major tenet of flipping, starting with an underdog, and ending with a star. Doing what most people would find difficult, flippers will often take a house that seems to be the worst on the block, written off by most, and with some simple but needed upgrades, increase the value dramatically.