For those of us (me) who are retards, what does "flip" mean? Does it mean you buy it, do some fix ups, and sell it for more than you paid? If so, that is a sweet deal! Is this your retirement plan?
The house is 1810 sq. ft. Flip means to buy, restore and sell. The plan is to completely take out everything on the inside and replace with ne. Kitchen cabinbets, counter tops, appliances, bathroom cabinets, showers, new carpet, hardwook floors, some tile and stone work in the bathrooms, new doors and all the trim, new furnace, etc. We don't know the selling price until we get done and see where the market is.
First of all---I'm proud of you for updating your blog! Second of all---you need to be sure and take before and after pictures of the inside. Carrie---to answer your question---"flipping" is when you buy a house with the intention of turning around and selling it quickly to make a profit---usually people do fix it up first but not always.
8 comments:
For those of us (me) who are retards, what does "flip" mean? Does it mean you buy it, do some fix ups, and sell it for more than you paid? If so, that is a sweet deal! Is this your retirement plan?
Oh yeah, cute house! What is the square footage? How much are you going to sell it for?
Sweet we'll take it.
What kind of work are you going to have to do to it?
The house is 1810 sq. ft. Flip means to buy, restore and sell. The plan is to completely take out everything on the inside and replace with ne. Kitchen cabinbets, counter tops, appliances, bathroom cabinets, showers, new carpet, hardwook floors, some tile and stone work in the bathrooms, new doors and all the trim, new furnace, etc. We don't know the selling price until we get done and see where the market is.
First of all---I'm proud of you for updating your blog! Second of all---you need to be sure and take before and after pictures of the inside. Carrie---to answer your question---"flipping" is when you buy a house with the intention of turning around and selling it quickly to make a profit---usually people do fix it up first but not always.
We plan to do the before, during and after photos.
So, I think it is about time for another post. We do have a tendency to get grumpy if one does not keep their Blog updated on a regular basis!
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