Fixer Uppers!
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With the growing popularity of HGTV shows such as “Masters of Flip” we have all become immersed into this glamourized world of making quick cash flipping houses. Is there money to be made buying and fixing properties? ABSOLUTELY! But there are lots of things to keep in mind before finding the cheapest house and going all in (Yes this happens more often than I would like to admit…)
If considering a flip project, the first question you want to ask yourself is “Can I afford to potentially take a loss?” As with any other investment, there are risks and no guarantee of “instant wealth.” There are a lot of carrying costs that come with renovating a property that you need to be aware of. If the potential of losing money would be devastating to your…
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