Ep 016 – How to Financially Manage a House Flip


On today’s episode, we discuss our tips for house flipping. Most people are aware of the HGTV version that shows a complete home remodel in a 1-hour episode. This conversation helps to peel back the layers and walk-through the financial and physical aspects that are crucial to executing a flip. Listen to learn the steps and processes to know what homes and locations to invest in, how to plan ahead for taxes, and what projects make a home more valuable.


  • [01:01] What is a house flip and how to find the best location for your flip?
  • [07:10] What’s involved in a flip: Financial and physical aspects.
  • [11:49] Taxes and whether to sell vs rent your newly remodeled property.
  • [15:27] What projects make a house more valuable and whether to invest as an individual, with a partner, or as a team?
  • [21:45] How important is staging a house before you sell it?
  • [26:35] Learn from others who have flipped before.


  • The key to flipping is knowing the market and the right locations. Then look for low priced homes in those trending neighborhoods.
  • The more you can do on your own without hiring a contractor, the lower your cost is to do the home improvement, which means the more likely that you’re going to be able to make more money on the flip.
  • There are five key financial elements to consider doing a flip: purchase price, remodel investment amount, remodel timeline, estimating sell price, and lastly taxes.


HomeZada Website

Guide to House Flipping

Remodeling vs. Renovating: Which is Right for You?

Remodeling vs. Renovating: Which is Right for You?

The terms “renovation” and “remodel” are often used interchangeably. But it’s essential to understand the difference between these two types of projects, especially if you’re planning improvements for an existing home or a property you plan to purchase. While both a renovation and a remodel will ultimately improve a home’s living space and market value, each comes with its own set of advantages and drawbacks to consider before you decide which project is right for you.

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What To Know Before Renovating Your House

 What To Know Before Renovating Your House

Within every home makeover a person does, there’s at least one thing they regret doing before starting. However, you can avoid any issues with our guide on what to know before renovating your house.

Know Your Goals

When thinking about renovating your house, what’s the first thing that comes to mind? If it’s the living room, then you probably want to repaint the walls and swap out furniture. If it’s the kitchen, then you may wish to change your cabinets, expand the overall space, and add an island.

Whatever your goal is when doing a home makeover, you should ensure it’s something you’re willing to commit to doing for the next few months.

And if you plan to sell your property for as much as possible in the future, then you should stick with the projects that increase your property value.

Organize Your House

If you have a ton of stuff lying around and each room is untidy, it’s time to start cleaning. The one thing you don’t want to do is walk around an obstacle course when you’re laying down old newspaper to catch paint as you redo the walls.

So do what you can and store everything in its appropriate space. Or place them into a storage unit until the project’s completed.

Don’t Spend Too Much

Truthfully, every home improvement show you watch exaggerates its budget. Many homes take a while to get through one renovation. And there’s no way it would cost 30,000 dollars for a complete makeover, nor would it require you to knock down walls unless you expand your space.

The most it will likely cost you is around 10,000 dollars. That’s a base price, in any case. So, before jumping in, talk with an architect who can help you figure out a comfortable budget to start with so that you can avoid taking out any loans.

Bring In Help

It’s okay to do some remodels on your own, but if they require serious electrical work, then you need to hire a professional home contractor. Enlisting help from an experienced home renovation company can help tackle the more complex tasks that take the most time to complete.

So, as you research what to know before renovating your home, reach out to different companies and make a note of what sort of help a professional brings to the table. While researching, don’t forget to check reviews and work history.

Always Buy the Best Quality

After booking your services, start thinking about the materials you want to use. A home contractor will be right there to talk about the best quality materials for you to buy. In fact, higher quality materials last longer, and they can help protect the environment.

After finding out what you need to know, start building your team of professional helpers who can assist in giving you the home of your dreams. There’s a ton you’ll learn, but make sure to have fun in the process.

5 Home Renovations With the Highest ROI

How To Prepare for a Home Remodel

4 Ways to Pay For Your Home Renovation Project