3 Ways to Prevent Scope Creep in Fix-and-Flip Investments
“Maybe if I knock down this wall …” “A window might look even better here …” “I bet if I install marble countertops …” And before you know it, you’ve added weeks of work and thousands of dollars to your fix-and-flip project. Scope creep is insidious. From the examples above to smaller things like adding […]
How to Avoid Over- and Under-Renovating a Fix-and-Flip Investment
When some people imagine over-renovating a home, they’re thinking Italian marble floors and golden claw-foot bathtubs. But it can be more subtle than that. The same goes for under-renovating a home. Going with less expensive fixtures may seem to make good financial sense, but you risk not maximizing the home’s resale value. From countertops to […]
13 Questions to Ask a Contractor Before Your Next Renovation
Hiring a contractor to work on your house flip renovation project can be stressful. You want to build a long-term, trusting relationship to streamline your projects, so ensuring you align on communication, workmanship, and goal-setting (among other things) is paramount. Lacking that alignment is a major reason why flips fail. But how do you find […]
How a General Contractor Became a Real Estate Investor with Stoa
When it comes to fix-and-flipping homes, a residential general contractor is a must-have. They have the connections to get low-cost, high quality materials, they know trusted tradespeople, and they have the skills to manage a multifaceted project from start to finish. This is also why general contractors can make great fix-and-flippers. They just have to […]
