A Collection of Resources Related to Starting a House Flipping Business
If you’re considering starting a business flipping houses, then this page is for you. It offers a wide range of resources spanning over many sections giving you an overview of what to expect from this business. The articles are written by many experts on the topic of house flipping.
Before you get to the resources, here are a few brief points to keep in mind.
A house flipping business can be exciting and adventurous. You can make a lot of money flipping houses, or you can lose a lot of money. If you don’t have a lot of experience, then beware, it’s not a skill you can pick up without experience.
There are many variables involved that will determine your profit or loss.
For example:
- The real estate market — You may buy a house to flip when the market is low, and sell when the market is high, which is profitable . . . or it can work the other way, where you can lose money.
- The cost of hidden repairs — Repairs to the house you’re flipping are unclear because unless you start the renovation, you will not be able to see all the repairs needed.
- The repairs — If you are doing the repairs yourself, you can save a lot of money; if you’re hiring someone for everything, you may be surprised about the cost.
- Ownership time — From the time you purchase the house to the time you sell, it will cost you money in interest and, depending on your financial situation, will keep you from freeing up funds to purchase the next flip. If you hold on to the property too long, you’ll lose money, and if you sell too soon, you may lose money unless you get your price right away.
- The profit is in the purchase — when you get a great deal purchasing a home, you’ll have a lot more room in your budget for unseen expenses.
- Background checks — Make sure you do an extensive title search to make sure nothing comes up and surprises you. You also want to look into the area to make sure you are aware of issues such as new developments; for example, what if a new jail is coming to the area, which may scare off buyers.
- Use the worst-case scenario — Plan for the worst. Doing this will keep you ahead of the game. (e.g., costs, a long time to sell, high repair costs, etc.)
- Cost estimation — use about 25 percent more when estimating renovation cost because, as mentioned above, you don’t know the extent of the repair until you start your renovation
For more tips and insights, have a look at the collection of handpicked articles to follow, which will give you a strong overview of what’s involved in starting and running a business flipping houses.
Resources
How to Start a House Flipping Business
How to Start a House-Flipping Business: Your Essential Toolkit
How to Start Your Own House Flipping Business in 6 Steps
How to Start a House Flipping Business (step by step)
Can You Really Flip Houses With No Money? | Real Estate Investing | Blog
How to Start Flipping Houses | Flipping Houses 101
Trends and Statistics
House Flipping Stats: Where the Profits Are Today – Connected Investors Blog
House Flipping Is Back to Pre-Crisis Levels. Here’s Why It’s Less of a Concern. – WSJ
Special Report: House Flipping and Profits
Profitability and Revenue
Is House Flipping Still Profitable in 2019? – Fix & Flip Loans | Flip Loans
How Much Can You Make Flipping Houses? The Answer May Surprise You
Council Post: Can You Make $1 Million A Year Flipping Houses?
How Much Do House Flippers Make? | LendEDU
Business Licenses
Do I Need a Business License to Begin Flipping Houses? | Real Estate Elevated
Is a Business License Required In Order To Flip Houses
Do You Need A Real Estate License To Flip Houses? | FortuneBuilders
Business Insurance
What Insurance Do You Need to Flip Houses?
Insurance 101 for House Flippers – SelectQuote Blog
How to get the right insurance for flipping a house
What House Flippers Need to Know About Insurance for Real Estate Investors
Construction Renovation: Property Flips and Insurance
Here’s Everything You Need To Know About Business Insurance
How to Finance Your Business
Loans for Flipping Houses: Tips for Funding Your Business
How to Get a Loan to Flip a House
Fix & Flip Loans For Businesses – Your 6 Best Options
Fix and Flip Loans: 7 Best Financing Options for Real Estate Investors – Seek Capital
Here’s Everything You Need To Know About Business Loans
Business Plan
11 Must-Haves In A House Flipping Business | Than Merrill
How to Write a House Flipping Business Plan
How to Write a Business Plan for a Fix-n-Flip Real Estate Company | Bplans
A Sample House Flipping Business Plan Template | ProfitableVenture
How To Write A Business Plan Using This Unique Collection of Resources
Business Cards
Latest Image Search Results Related to House Flipping Business cards
See Our Resource for Creating Attractive Business Cards That Work
Logo
Design a cool logo for a cool house flipping company | Logo design contest
Spouses Flipping Houses logo design – 48HoursLogo.com
Latest Image Search Results Related to House Flipping Business Logos
See Our Resource for Tips to Create an Impressive Logo
Software
Flipper Force | House Flipping Software for Flippers & Rehabbers
Tips for Realestate Marketing
35 Easy & Effective Real Estate Marketing Ideas | WordStream
23 Bulletproof Real Estate Marketing Ideas
12 Insanely Successful Real Estate Marketing Ideas from Top Agents
107 Outside-the-Box Real Estate Marketing Ideas & Tips (With Examples)
25 Real Estate Marketing Ideas & Trends That Will Dominate 2020
Article Mix
How to Make Money Buying and Selling a House: Flipping | Money
Tips on flipping houses profitably – The Washington Post
33 Pro Tips on How to Flip a House for Maximum Profit
How to Flip a House | DaveRamsey.com
What would be the NAICS code for a Real Estate Investor
Learning About Taxes for Flipping Houses | H&R Block
House Flipping Mistakes
5 Mistakes That Can Make House Flipping a Flop
Flipping Houses for Beginners: 6 Mistakes to Avoid | LendingHome Blog
16 First Time Flipper Mistakes to Avoid | First Time Flippers | DIY
Do You Make These 7 Deadly House Flipping Mistakes?
Business Considerations
Is Starting A Business The Right Move For You? Find out Here
Click Here for a List of Important Steps You Must Consider When Starting a Business
Click Here to See the Business Startup Checklists Page
A Day in the Life of a Business Owner ~ See What They Are Saying
Essential Business Skills You Need to Succeed
Resources for Running a Business
Acey Gaspard’s Guide to Starting a Small Business — Made Simple
The Nine-Hour Business Tune-Up
Entrepreneurship Course Online | HBS Online
LinkedIn Learning: Online Courses for Business
Online Courses — Anytime, Anywhere | Udemy
Business Name Ideas
51 Awesome Home Flipping Business Names – BrandonGaille.com
Real Estate Business Name Ideas | ThriftyFun
Publications
Top 25 House Flipping Blogs & Websites in 2020 | Real Estate Flipping Blogs
Flipping Houses Blog Posts – Flipping Junkie
Terminology
Real Estate Glossary | Home Closing 101
Real Estate Terms, Definitions, and Dictionary In Plain English
Real Estate & House Flipping Glossary
Glossary of Terms | The Guide to Home Renovations Large and Small
Books
Books from Amazon Related to House Flipping
Google Book Search Related to House Flipping
The Latest about House Flipping
This section provides resources that will help you stay on top of the latest news, web content, videos, and tweets, related to this industry.
Google Searches
Latest Search Results Related to House Flipping
Latest Scholar Search Results Related to House Flipping
Latest Image Search Results Related to House Flipping
News
Latest News Related to House Flipping
Tweets Related to House Flipping
YouTube
Videos Related to House Flipping