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House Flipping Tips

Started by Gryphon, October 08, 2006, 06:09:52 PM

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Gryphon

#15
October 10, 2006, 10:06:53 PM
S

Locutus

#16
October 10, 2006, 10:08:02 PM
Is that a house you're currently going to flip?
One of the gravest dangers to the survival of our republic is an ignorant electorate routinely feeding at the trough of propaganda.   -- Locutus

"We are all connected; To each other, biologically. To the earth, chemically. To the rest of the universe atomically."  -- Dr. Neil deGrasse Tyson

Gryphon

#17
October 10, 2006, 10:10:05 PM
Quote from: Locutus on October 10, 2006, 10:08:02 PM
Is that a house you're currently going to flip?

yes, its in process.
We did all the demo and reframing aleady...

Sunny

#18
October 10, 2006, 10:22:55 PM
What year was that house originally built? It's going to be so fantastic...what did you say it'll list for when it's all done? Lastly, is it in SC?

Gryphon

#19
October 11, 2006, 08:33:46 AM
Quote from: SunnyInFL on October 10, 2006, 10:22:55 PM
What year was that house originally built? It's going to be so fantastic...what did you say it'll list for when it's all done? Lastly, is it in SC?

The mid fifties I believe. The original second floor was added, Im guessing, in the seventies.
We're listing it for the high 700s, and yes, this one is in SC.

Locutus

#20
October 18, 2006, 04:16:12 PM
Does anyone else have any house flipping experiences to share?
One of the gravest dangers to the survival of our republic is an ignorant electorate routinely feeding at the trough of propaganda.   -- Locutus

"We are all connected; To each other, biologically. To the earth, chemically. To the rest of the universe atomically."  -- Dr. Neil deGrasse Tyson

Sunny

#21
October 18, 2006, 04:29:45 PM
None here. That's huband's ultimate dream profession though.

Locutus

#22
October 18, 2006, 04:57:40 PM
Mine too.  I'm kind of getting sick of the IT gig.  LOL!

Gryphon, do you ever see yourself being in a position to do this full time?  Is it something that you would want to do full time?
One of the gravest dangers to the survival of our republic is an ignorant electorate routinely feeding at the trough of propaganda.   -- Locutus

"We are all connected; To each other, biologically. To the earth, chemically. To the rest of the universe atomically."  -- Dr. Neil deGrasse Tyson

Gryphon

#23
October 18, 2006, 05:04:37 PM
I would love to. Its a lot more "Active" than just sitting at a desk all day.

Sunny

#24
October 18, 2006, 05:13:36 PM
It seems the "business plan" depends on your desired level of involvement & skill level -- e.g. do you wish to do a lot of the work yourself or become part of a team that contracts the work out?

Locutus

#25
October 18, 2006, 05:14:34 PM
I agree.  Unfortunately, I don't have much skill in this department, so I would need a better plan. 
One of the gravest dangers to the survival of our republic is an ignorant electorate routinely feeding at the trough of propaganda.   -- Locutus

"We are all connected; To each other, biologically. To the earth, chemically. To the rest of the universe atomically."  -- Dr. Neil deGrasse Tyson

Sunny

#26
October 18, 2006, 05:17:19 PM
It sounds like Gryphon has an ideal group he belongs to -- having a real estate professional, an architect, an interior designer, a trusted contractor, and an idependantly wealthy invidual on hand...  :biggrin: (may have added in the last team member)

Gryphon

#27
October 18, 2006, 05:25:59 PM
Not on the current house you didnt!
Yeah...it helps a lot if you have the know how to do a lot of it yourself. When you have a big group, its less profit, less risk, and less work...

Locutus

#28
October 18, 2006, 05:29:45 PM
...and it takes longer for it to begin to generate enough income to replace one's current job.
One of the gravest dangers to the survival of our republic is an ignorant electorate routinely feeding at the trough of propaganda.   -- Locutus

"We are all connected; To each other, biologically. To the earth, chemically. To the rest of the universe atomically."  -- Dr. Neil deGrasse Tyson

Gryphon

#29
October 18, 2006, 05:37:53 PM
Exactly...if you're going to replace your real job, it would be best to have some reserves built up just in case...
you know, like the house Ive got going now, it will be under construction for 3-4 months...
On a project like that, its hard to get a buyer before its done who can visualize what they are getting...
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