I have been away from the blog for a long time, well it's a new year, and after sitting around for the last 10 months, I have been doing a lot of reflecting. The end of 2020 has not come soon enough, I'm sure many folks are thinking the same thing and looking forward to see what 2021 will bring.
Here's a list of 10 things to consider when flipping houses: Location: Look for properties in desirable neighborhoods with good schools and amenities nearby. Condition of the property: Consider the condition of the property and the cost of repairs needed to make it livable. Market conditions: Research the local housing market to identify trends and determine the best time to buy and sell. Financing: Look into different financing options, such as hard money loans or private money loans, and make sure you have the funds needed to purchase and renovate the property. Property value: Research the property value and compare it to similar properties in the area to ensure you're getting a good deal. Potential resale value: Consider the potential resale value of the property after renovations and factor that into your investment decisions. Property taxes: Be aware of property taxes and how they may impact your profits. Zoning and permits: Make sure you understand the zoning laws and req...