Sunday, July 4, 2021 / by Capprice Kitchen
Are you considering flipping a home? Let’s find out if you have what it takes!
My name is Capprice Kitchen an Amelia Island Real Estate Agent, and I’m excited to help you discover the ins and outs of flipping!
Flipping a home is a riskier investment and that’s why it’s SO important to know what you’re getting into before you dive in. Here are a few things to consider:
Pro #1: Make A Quick Profit: The main reason why people decide to flip a house is to make some money! Who wouldn’t want some extra cash on hand?! You can see some pretty big payoff is the flip is done right!
Pro #2: Learn A LOT: Whether it’s your 1st flip or your 50th, you’ll learn something new every single time! You’ll learn the ins and out of construction, real estate, and even interior design!
Con #1: It’s a risk: The biggest con when it comes to real estate is the risk involved. It’s a gamble when it comes to buying a run-down home and trying to turn a profit. You may run into unexpected expenses, taxes, and issues with city ordinances.
Con #2: Stress: If it’s your first flip, you’re bound to have some stress. There is SO much to learn and it’s natural to run into some stressful situation. If you’re experiencing major life changes, it may be best to hold off on your first flip until you can emotionally and mentally tackle the challenge.
So what do you think? Do you have what it takes to flip your first home?
I would love to help you discover if it’s the right move for you! I would love to share my insight into the flipping industry and answer any questions you have! Reach out to me with your flipping questions.