Have you ever dreamed of buying a house to flip? When done well, it can be a great investment, but be wary of these common pitfalls!
*I’ve flipped over 140*, so DM me and I can share what I’ve learned.
Don’t spend too much! In this competitive market, it can be easy to get carried away when bidding. A good rule of thumb is to never spend over 70% (minus repairs) of the home’s expected increased value.
Don’t bite off more than you can chew! Underestimating the budget and skill level required for some jobs can be a costly error.
Don’t misunderstand your market! A good real estate pro can help guide you through your expected valuation, current trends in the area, and the upgrades local buyers are prioritizing.
from Utah Homes and Land For Sale