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When do you make money on the property flip?

Often, investors tell you that, “In real estate investing you make all your money by buying right!” The truth is, “Buying Right” is only part of the ‘flipper equation’. Most property flips need repairs and upgrades as part of working the flip. Even when holding property, eventually repair and maintenance is needed. This makes property flips, a three-step process: Buy,…

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Making FF&E, Material and Finish Selections

The term FF&E is an acronym for Furniture, Fixtures, and Equipment. Furniture is movable items such as tables and chairs. Fixtures are the immovable items such as cabinets. Equipment is a machine such as a water-heater or air conditioner. All are used to make a house or other space suitable for living and/or working. Materials and Finishes, are generally talked…

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