Whether spending more uninterrupted time with family and friends or traveling the world, real estate can serve as the means to an end investors envision. With the ability to realize financial freedom and work at their own pace, investors use real estate as a vehicle to bring them true happiness. However, some see flipping houses as a bridge to get closer to what they really want. You see, on the surface, it’s easy to understand why someone would want to start flipping houses: it’s a good way to work for yourself and make money. However, it is worth noting that the answer to the question will resonate on multiple levels for today’s best investors. That was up 6.6 percent from $62,188 in 2019 to the highest point since at least 2005,” according to Attom Data Solutions’ year-end 2020 U.S.

As recently as last year, the average home flip “generated a gross profit of $66,300 nationwide (the difference between the median sales price and the median amount originally paid by investors). economy to a standstill, a proper house flipping business plan proved lucrative. Few career paths award hard-working individuals with more freedom and the ability to generate wealth on the same level as a career in real estate.Įven when pandemic all but brought the U.S. Becoming a real estate entrepreneur can simultaneously be lucrative and fun. In fact, it’s not a hard argument to make. When asked why they start flipping houses, most investors will instantly lean into the fact that they get to work for themselves, that, and the money. If for nothing else, treating flips like a business will tip the scales in an investor’s favor while simultaneously eliminating inefficiency and inconsistency–two of the greatest threats to today’s entrepreneurs.

More specifically, however, there’s no reason to think a well-devised house flipping business plan can’t maximize even a new investor’s potential. Whether flipping houses as a full-time job or supplementing a nine-to-five, every investor could benefit immensely from implementing sound business practices into their existing strategy. There is absolutely no reason for a real estate investor to treat a flipping career like anything less than a legitimate business in today’s competitive marketplace.

How to flip a sample