The authors of FLIP, Rick Villani and Clay Davis, have been involved in more than 1,000 flips through their business, HomeFixers. Based on these experiences, they’ve created a list of the three biggest mistakes flippers make.
Last week’s biggest mistake was over- or under-improving a house.
This week’s tip is on the importance of making the absolute most of your money -- and your time.
FLIP TIP No. 3: Don't do too much of the rehab work yourself
Do you consider house flipping to be a hobby or a business? Villani and Davis say your answer to that question dictates how much of the work you should do yourself. If you love working on houses and think of flipping as a way to make a little money doing something you love, then by all means, hang that drywall and tile that floor. But if you look at house flipping as a business, either a side-business or your full-time job, they recommend you leave the rehab work to the professionals.
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“Read this book before you flip that house. FLIP is an indispensable step-by-step guide to flipping houses that you will refer to again and again.”
-Carlos Ortiz, executive producer, Flip That House
From an exclusive partnership between Millionaire Systems, the people behind the bestselling Millionaire Real Estate series, and HomeFixers, one of the country’s leading real estate investment firms, comes FLIP. Offering a unique, five-step system, FLIP makes house flipping understandable, easy-to-implement, and very lucrative.
Buy the book from Amazon.com
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