I am asking whether you have flipped a house because I am already in the middle of doing so. I will chronicle this adventure in future posts, but here is the lowdown to date: my son and I (with my wife on board of course) were recently the successful bidders on an estate sale house. This house is in a nice quiet neighborhood, is structurally sound, but needs some cosmetic help along with pretty major kitchen and bathroom work. We are confident that we will do well with this purchase, but, as this is my first venture into house flipping, time will tell.
I will be making another, more detailed post, on Monday. In the meantime, I would like to hear from you. Have you ever flipped a house? How did it go? What did you do right? What would you do differently? How did you figure your purchase price? Did you hire a Realtor to sell it for you? Thanks for sharing.
Read Joe elsewhere on the net:
Make sure to check out my post “How do You Respond to Impossible Challenges?” at Christian PF
Other Recommended reading:
How to Guarantee a Call From a Debt Collector at Frugal Dad
Does Money Buy Happiness? at Fiscal Geek
The Ethics of Buying Foreclosures at Christian PF
How to Tap Your IRA With No Penalty at Good Financial Cents
Who Should Take the Lead in Helping the Poor? at Redeeming Riches
Should I Have Bought an Extended Warranty? at Bible Money Matters
5 Crazy Ideas That Resulted in Million Dollar Paydays at Len Penzo dot com
8 Tips to Help You Make a Major Financial Decision at Cash Money Life
Preaching Christ Crucified at Provident Planning
Car Repairs -Scrap it, Park it, or Fix it at Debt Free Adventure
I have participated in the following Carnivals this week:
Best of Money Carnival hosted by Eliminate the Muda Top Pick!
Festival of Frugality hosted by Prairie Eco-Thrifter … Editor’s Choice!
Carnival of Money Stories at Money Relationship
Carnival of Financial Planning hosted by Cash Money Life
Christian Finance Carnival hosted by Personal Finance Journey
Money Hacks Carnival hosted by Money Beagle
Baby Boomers Blog Carnival hosted by Baby Boomers US
Carnival of Financial Planning hosted by The Skilled Investor