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The HomeBay Blog

5 Must-Know House Flipping Facts for Beginners

While HGTV may make it seem like you can just buy an ugly, old house, have renovations done quickly and sell the newly upgraded home immediately for a healthy profit - there's much more to it than that. Here are five things you never knew about flipping houses.

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Beyond Curb Appeal: Top 3 Flip House Inspection Tips

It's easy to draw basic conclusions about a potential flip house when you take a look at the outside and do a quick walk-through. But what are the critical things you need to examine closely before you're fully committed? Here are some tips on how to effectively identify a good investment purchase

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4 Ways to Make Flip Houses More Attractive to Buyers

As a flipper, when you put in the work to transform a dud of a home into a gem, you want to make sure your efforts are effectively reflected in your property listing. This post will explain four ways to make your flips more attractive to buyers - which will help you generate more listing traffic and ultimately, offers. 

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5 Creative Ways to Fund a Flip

The housing market is bouncing back. After a period when people were concerned that flipping houses was no longer lucrative, the tables have once again turned. Investors willing to put equity (both financial and sweat), into distressed properties are seeing solid returns. So what if you want to get into the business but don't yet have the funds to buy a property? Consider using these five creative flip funding options to finance your purchase.

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3 Flip House Projects That Deliver a Big ROI

Savvy home flippers are really starting to get the hang of the resale process. According to the FlippingMastery blog, profit and returns on investment were up in 2015, even though the total number of flips was slightly down. What does this mean to you? It means your competition is getting a handle on what works and what doesn't, so if you hope to stay competitive in the marketplace, it might be time to up your game. But how?

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A House Flipper's Guide to Dealing With Bad Contractors

As a real estate flipper, you put a lot of trust in the team of contractors you hire for each job. You expect them to deliver quality work, and to do so in a timely manner. But what do you do when you're in the middle of a flip and a contractor isn't owning up to their end of the bargain? Before yougo on a Donald Trump apprentice-style firing spree, follow the three steps outlined below to try and remedy the situation.

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10 Free Online Resources for Home Flippers

Whether you're preparing for your first house flip or you're an experienced professional, there are always new things to learn about the business. Luckily, there are lots of excellent free resources available online that can keep you up to date with trends and teach you what veteran flippers have learned from their experiences. Here's a list of ten of our favorites flipper websites: 

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When to Walk Away From a Potential Flip House

Flipping homes can be a lucrative business — when you find the right property. The further you get into your real estate investing career, the more you learn about what signals a great buy and what signals a money pit. This post will discuss some not-so-great property warning signs that you should watch out for.

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Where to Splurge and Where to Save on Your Flip House

Most home flippers struggle with their first couple of properties, because it can be difficult to determine where to allocate renovation funds. Where do you spend and where do you save? What matters most to buyers? And how do you decide? Use the tips below as a guide.

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Questions All Home Flippers Must Ask Potential Contractors

It takes a certain kind of creativity to see a "broken" home's potential, but it takes a whole lot of real people working long hours and under less than ideal conditions to put those sticks and bricks back together. If you dream of flipping houses for fun and profit, building your contractor team is a vital part of the recipe for success.

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