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Five Things I’ve Learned About Flipping Houses in Woodstock, GA

By: Yvonne Cartledge, Sales+Associate
Posted: August 21st, 2007
Category: Real Estate News



1.  “It’s not as easy as it looks” – If it were as simple as those 30 minute make-over shows say it is, 10 out of 10 people would be doing it.

2.  “Don’t quit your day job” – After months of research, there isn’t a pool of no money down properties to be had as all the television infomercials lead you to believe. Unless you’re blessed with a trust fund, have a couple hundred thousand just lying around or just won the lottery you will have to borrow money.  You can’t borrow money if you don’t have a job.

3. “There’s no time like the present” - Turn around time means everything.  The faster the real estate sign goes up the faster you get your money back. 

4. “Take off the rose colored glasses” – Realize what you’re getting into.  We purchased a fixer-upper wanting to do the work ourselves along with the help of our teenage children as a fun filled family project.  Know your limitations and what you expect from others.

 

5. “Dreams do come true” – We were able to do all the construction ourselves.  We sold the house (actually made some money) and are now on the look out for a new project to purchase.

 

 

 

 

 

 

This entry was posted on Tuesday, August 21st, 2007 at 10:26 am and is filed under Real Estate News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

  1. The Property Pundit October 2nd, 2007 at 6:51 am

    Here here- especially number 1! Congrats on your success.

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