Flipping Houses in Birmingham, Alabama
If you are planning to flip houses in Birmingham, Alabama you would be well advised to bring your A-Game. I would highly recommend that you take a look at the work that your competition is doing if you truly plan to compete in today’s market. The Birmingham real estate investor that comes to the table with the notion of replacing the carpet and painting a unit and then putting it back on the market to make a quick buck, will be the investor that stands the greatest chance of either becoming a landord or letting the property dwindle away as a neighborhood eyesore.
Take a Tip From the Best House Flippers
First and foremost, Birmingham real estate investors have to have money and be willing to part with it. You must want to produce a quality rehabbed product and every aspect of the rehab must reflect that. But in order to accomplish that, the quality of contractors that you use and the quality of materials are of utmost important. The work that you do should not micmick the work of others, but rather stand out from the competition. In addition, rehabbing doesn’t just take place on the inside of a house. When potential buyers walk into a rehabbed house and see that no attention has been paid to the outside, then they begin to second guess what else you may have overlooked. If you have already spent $10,000 PLUS on rehabbing the inside of your Birminham flip property, then seriously, what’s a couple of thousand more to paint the outside of the house.
If you are the type of person that accepts and shoots for mediocrity, then flipping housing in Birmingham, Alabama (or anywhere else for that matter) is a business that you wont’ likely be successful. Unfortunately for many newly minted real estate investors, the lesson is learned the hard way: after money has already been lost. The end result is that those investors end up placing the blame on everything except the mediocrity of their work. If you plan to be a house flipper in the Birmingham, Alabama real estate market, than you also have to have a comprehensive rehab plan. If you can’t visualize the end result in it’s entirety, then you should delay rehabbing until you can see the big picture in your head.
The best approach is to finish the job you started in one fail swoop. It cost more money to break a job up into increments than it does to start a job and finish it in one set period (say one consecutive 30-day period). It’s my belief that contractors do a better job if they too can see the big picture and that’s hard to do when a job is broken up in unplanned stages.
Real Estate Agents Are Your Best Allies
The days of FSBO investors is all but over in today’s Birmingham, Alabama real estate market. Real estate investors that flip properties now realize that if anyone knows what’s hot and what’s not in today’s market, it the Birmingham, Alabama real estate agent. Real estate agents get a chance to witness the absolute best rehabbed houses on the market on a day to day basis. We know what works and what doesn’t. Real estate agents recognize “true effort” even before opening the door of a rehabbed property. Real estate agents know when we open the door, if the property is merely a carpet and paint job or a work of art. And guess what? So does the prospective Birmingham home buyer.
What’s Better Than a Real Estate Agent?
If you really luck you, you’ll align yourself with a real estate agent that has a history of real estate investing. By hiring a real estate agent who is or has a history of personally investing in real estate, you’ll have the benefit of someone who truly understands your “investor” mindset. Oh, did I mention that I am one such real estate agent (hence Bham WIiRE stands for Birmingham Women Investing in Real Estate).
So Come With Your A-Game
Because if you don’t then you and your rehabbed house will just be sitting on the sidelines.
Birmingham-Hoover Home Buyers and Sellers
My job as a Birmingham-Hoover real estate agent is to provide you with the best information possible so that you can look at the evidence (proof) and make the best decision possible (or not). What you decide to do with that information is up to you.
Birmingham-Hoover Metro Area Rental and Real Estate
I, Charita Cadenhead, am a trusted and competent Realtor®. Bham WIiRE Realty is a small fish in a big pond, but we can swim with the best of them. By continually sharpening my skills and remaining dedicated to my craft, you can trust and believe that every client, without exception, gets the very best service that I have to offer (before, during and after the sale). And that, without compromise, is Bham WIiRE Realty’s promise to you.
Whether you’re looking to buy real estate your sell your existing property, call or send me and email today, so we can discuss how I can best serve your Birmingham-Hoover Metro area real estate needs!
You’ve Got Options!
Charita H. Cadenhead
Bham WIiRE Realty, LLC
(205) 321-1200 – Office
(205) 527-1112 – Direct
(888) 371-8221- Fax
Start your search here for Birmingham-Hoover Metro area investment properities for $20,000 or less.
[idx-listings linkid=”232072″ count=”20″ showlargerphotos=”true”]