There are different kinds of house flippers out there:
1. Those that do nothing hands on, and sub-contract everything acting as the project manager
2. Those that do everything because they have very little cash on hand and have to control all costs.
3. Those in the middle, who do some things but not others.
I tend to fall in category 3. T [...]
Flipping houses can be fun, but also very stressful. The issue is that money can fly out from so many areas, your cash can be depleted before you sell the cost.
The first issue to consider is the holding costs. If you have to borrow money, you will most likely be making payments while you are completing the flip. If you are fortunate enoug [...]
Its been awhile since I have posted. I have actually completed a new project so I will be doing some posts on it in the near term.
In the last year my thoughts have changed and I have now acquired 2 more rent houses. I got really good deals on both and they are both cash flowing for me. While flipping is fun and you can still make m [...]
I know it has been awhile since I have written, but I have actually been very busy. I have probably looked at 4 to 5 houses in the last 2 months. That may not sound like a lot, but I am not a professional house flipper (although I wish I was). I only do this on the side, so I only look at houses occasionally. I have a few areas I f [...]
One of the reasons I have rental property is to diversify some of my investments, especially as I start thinking about the next 20-25 years of work. I am 42 now, so I hope to have 3 to 4 houses paid off which will generate at least $2500 per month of income.
When you consider the rental market, you have to understand that houses in marginal [...]