6012 NW 83rd St

Before & After slider pics…

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Front of house

Lessons from a first-time flip

By Gray Siegel

My wife and I have wanted to get into house flipping for a long time. I mean a really long time, like 5-10 years. But we were timid by a fear of the unknown. House flipping can be risky. There’s no guarantee you’ll make money, even if it looks like everyone on TV does. It looks like a no-brainer, right? We were realistic enough to know that not every deal was going to be a big money maker. But one way we eased our comfort level was to think about flipping a house like this…if a house needs work, and these TV first-time flippers can do it (most of the time), then why couldn’t we? After all, most of the DIY projects done in a flip, we’d already done ourselves. Why sit back and watch other people do this? Why not take a stab and try it ourselves? When a house gets remodeled for a flip, there’s no reason it can’t be us who does the remodeling. Continue reading »