Launching a New House Flipping Business In 2023
As a follow up to my post on investing with other people’s money, one way I’ve invested with other people’s money this year is by partnering with another investor. Specifically, at the beginning of this year, I created an entirely new house flipping business with my new business partner. In this post, I will describe how we structured the business, why we decided to structure it that way, and some of the flips we’ve already undertaken!
How I Flipped an Out-of-State Home for Over $100K Profit In Less Than 4 Months
Earning a lot of money doesn’t mean you have to have a high-paying 9-to-5 job; it can come from a side hustle like my out-of-state flipping business! In fact, because my flipping business can be so lucrative and take just a few hours a week, I often wonder why I should even keep my 9-to-5. Well, I’ll save the answer to that thought for another day. Today, I will share my experience buying an off-market property and how I ultimately sold it for a massive profit!
How I Turned My 2nd Flip Into My 1st Airbnb
At the start of 2021, I set out to start an out-of-state flipping business and flip an average of 1 home per quarter (4 for 2021). By May, I had already purchased all 4 of my flips for the year. The 2nd home I purchased, however, didn’t get remodeled on schedule, nor did it attract a sale price I was happy with. So instead of waiting around hoping for a magic sale to happen, I decided to convert my 2nd flip into an Airbnb! In this post, I’ll talk about what went wrong with my 2nd out-of-state flip and the steps I took to convert this property into an Airbnb.
Making The Leap Into Entrepreneurship? Do These 4 Things To Make Your Life Easier (And To Save Money)
Gearing up to become an entrepreneur is nothing short of thrilling. The planning and prep work that you’ve put in until this point is finally about to pay off. Even after spending countless hours researching various topics and speaking with fellow business owners, there is always something new to learn. When continuing to grow as a soon-to-be entrepreneur, some of the most helpful tips are ones that save you money and reduce your stress levels. The experts at Buck by Buck share top strategies that all brand-new entrepreneurs should use to make life easier — and to save big.