And it can be very lucrative.
But they can also turn out to be total disasters.
It’s no wonder that house flipping has become the subject of several home-improvement shows.
“I look for market position,” she said.
“Each market is different, and a market can change just within a few blocks within Los Angeles.
I look for a lot.
I look at comps.
I look at ROI.
I look at: Is it the house for me?”
“As a real estate broker, entrepreneur, this is a business.
“Because you need a business plan, you need a marketing plan, a budget plan.”
“I’m always like, ‘Listen, you guys are asking for help, that’s honorable.’
Because most people don’t.
They’d rather let a house fail than get help to get it fixed.”
“Don’t do it alone.
People think that they’re an island: ‘I can do this on my own.’
You don’t have to.
Build a strong team.
Because they’ll help you when times get tough.
And I can assure you that, in the flipping process and business, times will get tough.”
“Fix My Flip” premiered Thursday, March 10 on HGTV and is now streaming on Discovery+.
