Being a rehabber or flipping houses isn’t as glamorous as the reality TV shows make it out to be. Behind every flipper is a detailed budget, flip timeline, bills to pay, contracts, negotiations, overseeing contractors and subcontractors, obtaining permits and the list goes on and on. Real estate can be an expensive proposition and deciding to purchase and flip a house can be a large financial responsibility.
Nearly everyone that enters the Real Estate world in general has a desire to quit their traditional “day job”. However, knowing the difference between wanting to leave your day job and needing to is key to making the right decision for yourself and your family. What is even more important to know is that there is no set time-frame when this should take place. For some Real Estate Investors, this opportunity comes within the first 3 months, however, for others it takes 10 years. That’s a big difference, and a lot of different decisions being made during that time.