Posts Tagged 'rehabbing a house'

12 Steps To Rehabbing a House

Posted on: July 8, 2011

Categories: Fix, How To

Author: lbuen

12 Steps To Rehabbing a House

The Herculean Project of Rehabbing a House

Rehabbing a house can be daunting to someone doing it for the first time. To eliminate the feeling of intimidation, let’s tear down this massive piece of work into several smaller and manageable tasks.

Steps in Rehabbing a House

1. Assess the project and establish the specific jobs that needs to be done with your contractor. Ask your contractor for his ideas, then from there, set your final action plan on how to undertake the renovation project, particularly how to go about specific repairs. It is also in this stage when you decide whether or not to modify the basic layout of the house. To simplify things, have your contractor gather his own rehab team and discuss with them what has been agreed upon. It would be great to work with a… Read the rest

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Flipping Houses Strategy – Don’t Get This Wrong!

Posted on: September 15, 2009

Categories: Buy, Fix

Author: buyfixandprofit

Flipping Houses Strategy – Don’t Get This Wrong!

Define your “House Flipping” Strategy and Stick To It

When referring to flipping properties, we are referring to the “art” of buying a broken down house, rehabbing it quickly, and turning it into profitable asset in the least amount of time at a controlled cost. The exit strategy can be either to sell for quick profit or rent out the house for cash flow.  The decision typically depends on the state of the current economic market cycle. When property values are skyrocketing it’s easy to fix and flip for quick profit. When it’s a buyer’s market, usually during economic downturns, it’s easy to create positive cash flowing rental properties. Regardless of which profit strategy is chosen, stick to it without wavering.  In the long run this will save you money by not wasting time bouncing back and forth between strategies… Read the rest

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