“Flipping houses”….....it seems the words roll off the tongue so easily nowadays. But what does it mean to flip a house? Does it mean swinging a sledge hammer into every wall in a house after watching a few “how to” videos on YouTube? Maybe. Does it mean buying a house and reselling it for more money after some fresh paint and carpet?Sometimes. Hell, maybe it means finding a property that no one knows about yet, putting it under contract, and assigning that contract to a cash buyer for a fee.
There are so many different definitions and moving parts "flipping houses" to debate about that we lose track of the big picture. It doesn’t matter if you are a DIY expert flipper, a quick turn and burn flip kinda guy, or a wholesaler just trying to make as many fees in a fiscal year as possible. We are all living this crazy, fast paced, quick on your feet kind of lifestyle for a reason: it is our American Dream.
Real Estate gives us the chance to improve our lifestyle, the chance to make something out of nothing, and sometimes...a chance to start over. There are many people I meet that are taking the leap and turning their main focus to real estate investing well past the age any "sane" person would switch careers. Sometimes all you need is a deal, a down payment, lender, and a vision. You might not even need all those things before you take the jump (but I highly advise you plan thoroughly!)
Working with real estate also does another magical thing; it changes the world. I KNOW, I KNOW but hear me out. Every house that I have ever bought, sold, or wholesaled has changed someone’s life, and also changed a neighborhood. That boarded up house in your Auntie’s neighborhood that all the *pUnK rAwKeRz* chug Mickey's hand grenades in, before smashing the bottle on the floor and spray painting a dick to Donald Trump’s forehead on the wall has been bringing down property values all year and is a zombie that needs to die. It’s these situations where I have the chance to change a neighborhood in my city, the chance to take a house that once was full of squatters and raccoons and turn it into a home that a family can live out their own version of the American Dream in again, a family in a city that I am honored to help. This is where my job makes me the happiest.
So, if you're in the Real Estate game, what does flipping houses mean to you? What is your favorite part about it? What is YOUR American Dream?