Leah Kelvin
Active member
To flip houses on a tight budget, one must plan strategically. First, set a realistic budget that accounts for everything. Find inexpensive properties with potential profitability. When you can do so legally, renovate on your own – otherwise employ a professional contractor. Kitchen and bathroom updates are bigger value adders; however other large scale renovations should not be ignored. Purchase supplies wisely and develop relationships with subcontractors for reduced prices on materials or services rendered during future projects. Investigate nontraditional forms of financing such as hard money loans if needed/useful. Streamline the timeline to keep holding costs low but don’t rush through important steps either! These tips will help ensure success when flipping houses while maximizing returns on investments made in them too.”
