Are you thinking about fixing and flipping houses in Philadelphia? Well, you might want to think again. TV shows make it look fun and easy, but is it really that easy? HomeCashguys.com will show you the truth about the fix and flip game in Philly.
TV shows about fixing and flipping houses saturate our TVs daily. These shows make you believe that the process of fixing & flipping a house is simple and that it can be done with just a few small repairs, magically turning it into a magnificent house and selling it for huge profits. The shows are great to watch, don’t get us wrong, but if you are thinking of fixing and flipping houses in Philadelphia, you might want to think again.
Are the Shows Realistic?
How realistic are those TV shows? Do they really show a normal person fixing and flipping a house? Are those shows focused on vacant houses that were destroyed? Are those shows focused on upgrading and selling your house while your family still lives in it?
The Financial Part of Flipping Houses
These popular fix and flip TV shows only focus on the entertaining part of the fixing and flipping process. But what about the finance part of it? Do you know what you’re getting into? Many flippers and remodelers have lines of credit, but if your budget is at its max, you can easily run up your credit card to the limit without even realizing it.
Remodeling is very time-consuming and stressful. And fixing things like foundation cracks, mold, or other major problems can be a nightmare, especially if you’re inexperienced. Running into problems when fixing and flipping is common and can be very overwhelming for a skilled professional, let alone a newcomer to the game. General homeowners don’t have the skills necessary to handle these types of tasks.
Is Everything Up to Code?
Making sure that all your remodels are up to code can be a huge financial burden. If your work is not up to code, it will never pass inspection; therefore, you can never sell your house. It is very risky doing your own work without hiring a professional contractor to help you do it. You can also face legal problems if you’re not careful.
This is something many rookies don’t realize. When someone starts a major project, they must budget according to how long the project will take. On a reality TV shows, they can extend the time without you even knowing it. But in real life, you’ll have to pay the construction crew that you hire to help, along with all your other expenses. And, if you’re like many people who want to try a fix and flip, you might have your regular full-time job all day and have to turn around and put in extra hours on your investment property in the evenings and on weekends.
Have You Bitten Off More Than You Can Chew?
Do you think you have bitten off more than you can chew? Have you purchased a home in Philadelphia with the idea of fixing and flipping it but are feeling clueless about what to do?
At Home Cash Guys, we buy houses for cash and can help you out in stressful situations. Whether a renovation has gotten too expensive or your situation has changed, we pay cash for homes in any condition and are often the best option for sellers with older homes that cannot sell on the traditional market. Give us a call today and we’ll give you the most buck for your home!
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