Mar
6
Pick a Slice of the REI Pie
March 6, 2007 | 1 Comment
One thing that’s helped me a lot with actually motivating and embarking on my own little flipping experiment was a bit of inadvertent serendipity. I’d been telling myself I wanted to try flipping houses for years, purchased many books, read voraciously on the web, all that stuff. But it wasn’t until my wife and I […]
Mar
5
Having Emergency Exit Plan(s) Before You Buy
March 5, 2007 | 2 Comments
To varying degrees, most of my friends and family think we’re fairly crazy for owning more than one house. While owning two houses is palatable, buying a third house causes eyes to roll and heads to shake. When I mention possibly buying a duplex on top of all that, I might as well be certifiable. […]
Feb
24
Paying Less Than Actual Value for an Investment Property
February 24, 2007 | 2 Comments
The whole point of flipping a house (or any investment property in general) is to spend X dollars in return for Y dollars. If Y - X = a positive number then it’s a profitable investment for you; if Y - X = a negative number, then you likely need to find other ways to […]
Feb
1
Be Realistic
February 1, 2007 | Leave a Comment
While I’m short on hands-on experience of flipping houses myself as an owner, I’ve worked on lots of different home improvement projects as a worker money. I’ve also been pretty voracious of late as far as doing research, gleaning bits and pieces of useful data from over here, along with some from over there.
Most […]
Feb
1
Is “Flip” a 4 Letter Word?
February 1, 2007 | Leave a Comment
I struggle a bit with using the word “flip”, as it’s easy and convenient, but it’s almost jumped the shark to the point that it carries negative connotations, as well.
More and more the house “flipper” is someone looking to get rich quick, prone to shady, 100% financed loans with cash back from the seller […]