Author: Michael Leafer

Flipping Mistakes to Avoid

4 Mistakes to Avoid When Flipping Your First House     So, you’ve decided to flip your first house. That’s fantastic! Flipping houses can be a great way to make money in the real estate industry. But not all house flipping opportunities are successful, and some can even end up being financial disasters. So if you don’t want your house… Read more →

Building a Reliable Network

A Guide to Building a Reliable Network of Contractors and Suppliers     Flipping houses can be a rewarding venture. Transforming distressed properties into desirable and profitable residences requires a network of dependable contractors and suppliers. Unfortunately, finding reliable professionals can feel like an uphill battle. The industry is rife with untrustworthy, unlicensed, and unqualified “cowboy builders” who can deliver… Read more →

How to Fund Your Flip

Cracking the Code to Funding Your House-Flipping Dreams     Flipping houses can be a lucrative way to profit from the real estate market. But before diving in headfirst, you must understand theĀ financial realities involved. The overall expense of flipping a home typically accounts for aroundĀ 10% of the property’s purchase price. However, this figure can fluctuate based on various factors,… Read more →

Furnished Rentals?

Should You Furnish Your Rental Property? 5 Pros & 5 Cons     Renting to tenants can often be difficult, and it’s important to make your units appealing to potential customers. For this reason, furnishing a home can often make it look more inviting. That being said, it can also cost a pretty penny to do this, so you might… Read more →

Pet-friendly Rentals?

Should Your Rental Property be Pet Friendly? Pros & Cons     Our furry friends are quite meaningful to us, and a rental property that allows people to bring their pets with them is widely appealing to many. After all, people are often inseparable from their dogs and cats. PROS OF A PET-FRIENDLY RENTAL PROPERTY There are quite a few… Read more →

Why You Need a Savings Fund

The Importance of a Savings Fund for Your Rental Property Business.     The income from a rental property, or an entire portfolio of properties, generates its own momentum. As long as you have another months’ rent coming in, you can easily cover the expenses needed to maintain your properties. However, the sudden need for large-scale repairs can completely throw… Read more →

How to Budget a Flip

How to Budget a Flip with a Kitchen Remodel     When flipping a house to sell or rent, you know that the kitchen makes an important and powerful impression. Modern residents want a modern kitchen with nice, fresh finishes and reasonably new appliances. Many flips that update a once-shabby house have an outdated kitchen that needs work. On the… Read more →