Episode 29 - Our First FLIP Together
Description
Welcome to podcast with Trish and Heather. Today we'll be discussing Our First FLIP. This is a real property flip which will be done and documented in real time.
We will be using each step in our First Flip Formula to do the flip. The course is a combination of our 25 years of professional experience as designers and our personal journeys in property investment, renovation and flipping.
Our Why
Doing a renovation project together with our families
Show that busy working mums can do a flip as a side hustle
Showcase our expertise
Make a profit!!!
Key Points for Success
Cosmetic renovations only
No big changes to the structure of the house
Renovations are not too complicated (kitchen and bathroom only)
Renovations are targeted for our potential buyers.
Aiming to keep renovation costs to a minimum
Risks
What’s inside the walls (bathroom and kitchen)
What’s under the carpet and vinyl
Unexpected costs and delays in the renovation process (Christmas/ New Year)
Surprise costs
If you are not sure how to start a renovation or FLIP, we encourage you to invest in your education first.
United States
