Michael LaCava
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The Strategies of Selling Rehab Flip Properties
Now for the best part of flipping a house…SELLING! No doubt, one of the most exciting parts of house flipping is selling. It’s the culmination of months of work and many house flipping steps. You raised the capital, you learned how to flip houses with other people’s money, you rehabbed and repaired the home so it looks great and now it’s time to sell.Way back when you were first starting out in assessing the house flip, you determined the ARV and with the house done, you are ready to list it with a real estate broker. It’s an exciting time.…
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Rehabbing Deals| House Flipping Checklist (Download)
Perhaps the most intricate and time-consuming part of flipping a house is the rehabilitation process. Rehabbing a property is essentially what is going to turn you a profit, and should not be taken lightly.To make sure your fix & flip project goes smoothly, you should stick to this trusty “House Flipping Checklist” for rehab investors. I’ve also included the link to my editable free fix & flip property repair estimate sheet.When working on your flip, you should always be sure to complete this house flipping checklist. If you miss any one of these essential steps, you could find yourself in…
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How Much Does It Cost To Flip A House?
It’s impossible to put an exact figure on the cost of flipping a house. House flipping comes with so many variables so it’s hard to tell how much it would cost. It can cost you anything from hundreds of dollars to thousands of dollars depending on your market, rehab costs and plenty more factors.The ARVFirst, you need to know how much the property will be worth when you are done rehabbing. Once you know the value, all other costs that come with the rehab will start to make sense. This is what is known as the ARV or the After…
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How Do You Find Real Estate Wholesaling Deals?
How Do You Find Real Estate Wholesaling Deals?Because I run a website and a business devoted to house flipping, I also receive many questions in forums and on other blogs about wholesaling. Although our traditional definition of house flipping is very different from the definition of real estate wholesaling – the two are related.And one of the biggest questions we see is “How do you find real estate wholesaling deals?”As a wholesaler who “flips real estate contracts”, your #1 job is to find distressed properties to wholesale. Without those, you really don’t have much of a business.Real Estate Wholesaling DefinitionsBefore…
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7 Signs That You Should Walk Away From a Deal
1. The After Repair Value Is Based On GoogleTrying to determine the after repair value of a home by doing an internet search is one way of setting yourself up for a disaster.It’s not that you shouldn’t use the internet to get an idea of how much your ARV will be, but your research shouldn’t just end there; you should meet and speak with a local expert real estate agent. A real estate agent who knows a lot about the area where you want to purchase the property would be in a better position to give you a more accurate…
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4 Essential Steps on How to Get a Loan to Flip a House
So many investors want to know how to get a loan to flip a house. It’s a question I get all the time. Although traditional mortgages are not my preferred way to fund my flips as I prefer to flip houses with no money using private money, you can learn how to get a loan to flip a house using traditional banking.Some house flipping rehab pros would say that with tightened restrictions on the banking industry, it’s nearly impossible to do it this way nowadays.===> However, I highly recommend you go the traditional bank loan route first when you are…
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3 House Flipping Tips For Selling a Home 24 Hours
For the first time in my house flipping career I was able to sell a home within the 1st day on the market. For me (and hopefully you too) that is pretty exciting stuff!Needless to say selling a flipped house in less than 24 hours is unusual-especially in the New England real estate market. Believe me when I say I have held onto some house flips for way too long over the years. The holding costs associated with house flipping projects can really add up quickly.Selling a home within 24 hours does not happen often for yours truly and for…
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7 Things To Sell Property Fast
One of the most satisfying parts of being a house flipper is getting your offer accepted. So how do you sell property fast without sacrificing quality?Believe it or not, the easiest part of house flipping is selling. If you stick to all the house flipping rules and properly use the expertise of your house flipping team, you will find that this claim is actually true.Below I have 7 tips that can help you sell property fast. As a matter of fact, you will find that selling a house is the simplest part of the house flipping process.7 TIPS To Sell…
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FREE DOWNLOAD | Rehabbing Flip Property Repair Estimate Sheet
Developing an accurate estimate of repairs is absolutely essential to rehabbing or flipping houses for profit. If you don’t nail the repair estimates, you might miss something that will surprise you during renovation and possibly cost a lot of money.To help you more accurately estimate renovations on your house flips, I want to share with you a document that I typically only give away to attendees of House Flipping School Bootcamps. I don’t do this often, but I really want you to have the best chance possible of a successful rehab flip.The All-Important Project Repair Estimate SheetMy project repair estimate sheet…
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The Room-By-Room Guide To House Flipping
Rehabbing is the most time consuming, and often most stressful, part of house flipping. During this process, you will have to deal with a set of contractors, and constantly make sure that they are completing the job you requested on time and within your budget.Then, if you choose to stage your home, you want to do it in a way that will optimize your chances of adding value to the property. If you spend frivolously on useless furniture and decorations, you might as well be flushing your money down the toilet.If unexpected costs arise from rehabbing and staging, and you…
