Do you want home flipping tips from a pro? There’s a cool interview published in Atlanta Jewish Times that gives flipping tips from pro home flipper Robyn Anshell. She is from Atlanta’s Flipchic and she started out as a real estate agent. For the last two decades though, she’s been a professional house flipper. She says that the best first step is to compare the comps in the neighborhood you’re looking at. Don’t simply rely on Zestimates to know what a home you are going to purchase to flip for a profit is worth. Its value is meaningless if its not real-world applicable. She also gives the basic advice of checking for structural issues. That’s the biggest thing to look out for, because it’s the most important things in a property.
This is pretty standard advice. She also gave another piece of advice though. Check out what she said:
“It’s been lucrative to sometimes sell and even trade properties with other flippers. Sometimes I find properties through Multiple Listing Services, where agents go online to enter their listing and other agents can sell their properties. Sometimes, though, I get business by giving out cards to prospective clients that say I’ll buy their house for cash. I almost always buy with cash because it typically guarantees a quick close. I’ve also learned to rein myself in. Don’t overdo the renovations to the point that it’s no longer profitable. Use design materials that appeal to the general public, and try to avoid too much of a custom look. Flipping houses can be difficult at first, but profit is out there to be made.”
If you need fast cash for a home you want to flip, contact us today.
Are You Looking for a Hard Money Loan to Flip a House Or Buy A Rental Property?
Paces Funding is a hard money lender offering hard money loans to purchase and renovate non-owner occupied residential and commercial properties throughout the Atlanta, Nashville, Florida, or the North and South Carolina metropolitan areas. Our application process for hard money loans is easy. Just fill out this very simple online form and you will be contacted shortly. Unlike other lenders, the window between applying and funding is very small. We have funded properties in as a little as one day, but typically funding hard money loans takes about seven to ten days.
Call us at 404-814-1644 or contact us online to find out whether you might qualify for this type of funding. In the meantime, check to ensure that you meet our loan criteria. Our loan amounts can be up to 65 percent of the after-repaired value of the collateral—and if you use the loan for renovation or construction, the loan amount can be based on the collateral’s improved value