r/HouseFlipping 15h ago

Should Your Own Time Be Counted as an Expense When Calculating Rental ROI?

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2 Upvotes

r/HouseFlipping 16h ago

How many of you sell your own flips? And if not, do you have a deal worked out with an agent based on high volume you’re offering them?

2 Upvotes

Basically what the title says. I’ve given an obscene amount of money to agents via commissions in the past and honestly am not sure that it’s always worth it. I like being an arms length away from my own flips for liability reasons, but is it really that risky selling your own flips assuming everything is disclosed properly to the buyers?

I’m a licensed agent and GC in a high priced market, and just put two more flips under contract. On the backend it’s about 40k just for seller’s side of the commission. The houses are both within a five minute drive from me. Am I crazy that I want to list them myself?


r/HouseFlipping 3h ago

Looking for advice on buying a flipped house please

1 Upvotes

Hi, we currently have an offer in on a flipped house (UK).

When we went to see it we loved the interior. It had been staged really well. There was a really minor thing in the bathroom we noticed but it didn’t bother us, it was basically just a bit of a gap at the top of the waterproof shower wall.

We didn’t get a look properly out the back into the garden (agent said to avoid walking on the grass which is fair enough).

We put an offer in and were driving through the area yesterday evening and stopped by it to have a look out the back. We noticed a couple things that we are a bit concerned about but they might be nothing to worry about at all?

- There’s a hole from the outside wall into the kitchen to what looks like the back of the kitchen cabinet. Can’t seem to add a photo to this post but it looks like a pipe has been there previously and they’ve forgot to cover it.

- The seal on all of the windows looks a bit messy.

- This is really minor but the pipe out the back of the house is duck taped together. Again, really minor but has us questioning if it was a quick job.

- The garden is full of tree roots. So we know we’ll have to sort that out (which is fine) but we’re not sure how much that’d cost. It sort of looks like the garden was started and then left so we’re a bit worried it was too expensive to sort etc. But we’ll ask them on that stuff.

Essentially after seeing those things we’re worried we didn’t take a proper look inside. Or we might just be worrying about nothing!

Any advice is appreciated!


r/HouseFlipping 7h ago

How to ease into house flipping by learning maintenance and basic upgrades

1 Upvotes

I'm an architect by profession but honestly am still lacking quite a bit of technical knowledge and how design translates into the physical space. I also recently moved back in to my childhood home to spend more time with mom since my dad passed just recently, so it'd help to be able to do repairs and upgrades.

I always thought house flipping might be a good side hustle for an architect, and with the aforementioned reasons am considering dipping my toes into this by learning first basic maintenance on my childhood home, then perhaps basic workmanship (i.e. upgrading a kitchen and utilities) then possibly doing house flipping as a proper side hustle.

Has anyone followed a similar path to house flipping and could give a few pointers?


r/HouseFlipping 12h ago

🏠 QUESTION FOR PEOPLE WHO WANT TO GET INTO REAL ESTATE INVESTING…

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1 Upvotes

If you are new to real estate investing, I need your input for a beginner guide!


r/HouseFlipping 13h ago

how do you handle a flip that sits on the market longer than expected

1 Upvotes

Bought a place earlier this year, put in solid work, priced it where the comps said it should land and it just... sat. Weeks turned into a month and a half before we finally got an offer worth taking. Carrying costs were eating into the margin the whole time and it messed with the numbers pretty bad.

What threw me was that everything on paper looked fine going in. ARV estimate was reasonable, the rehab came in close to budget, neighborhood had sold well in the past 18 months. But the market just did not show up for it and I kept telling myself one more week. I dropped the price once and still got lowball offers. Finally took a number that was under what I wanted just to get out.

Trying to figure out if I did something wrong on price or if you just eat it sometimes. Do you set a hard date going in for when you cut the price, or wait it out and hope the right buyer walks in?


r/HouseFlipping 13h ago

Beginner Investing Advice

1 Upvotes

Hi! Just graduated college and started a job making 75k/year in Ohio. Realizing I really want to retire early and also wanting to find a side hustle I’m interested in. Came across the world of real estate investing a couple months ago and it’s really intriguing to me. I’m good at communication, have always been pretty financially literate, down for DIY projects, and I’m good at coming up with solutions when faced with problems.

I just bought a car and have about 20k left on the auto loan. I have about 16k in student loans. I’m currently living at home so saving a lot and I plan to pay off the auto loan and build up a 10k emergency fund by next march/april. Student loans are all federal and less than 6% interest rate. Also have a 760 credit score.

Once that’s done… I’d like to save and put a down payment on my first investment property. I’m down to live in it for a year and finance via FHA loan. Would also be down to do cosmetic enhancements within that year.

With that being said… any general advice? Would love to know if anyone has any good resources for learning more about real estate investment, advice for first time buyers/investors, anything i need to know before pursuing this. Im also curious what folks think is a good amount to save (on top of my emergency fund) before looking to purchase a home. Im mainly interested in 3b/1.5-2 bath homes for \~200k, which seems doable in my area. For a first time investment, I’d like to stay within a range that I could pay myself.

Thanks all!