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All Forum Posts by: Kimberly Kelly

Kimberly Kelly has started 1 posts and replied 6 times.

Post: New to flipping

Kimberly KellyPosted
  • Posts 6
  • Votes 7
Quote from @Steven Foster Wilson:
Quote from @Kimberly Kelly:

Hello! New to this forum and community. I'm currently a real estate agent but my husband and I are just now starting to dabble with the ideal of flipping. Have renovated and remodeled many of our own homes over the years and want to diversify my real estate business. My broker recommended this site and I'm excited to spend time on it and get to know the community as I know I have much to learn. 


 Hi Kimberly, the fix and flip strategy can be a profitable venture if you've done everything correctly. You may want to make sure that you follow these top 4 tips that I have:

1. Do your research - Before purchasing a property, make sure you conduct thorough research on the location, the property's condition, and the potential cost of repairs. This will help you make an informed decision on whether the property is a good investment.

2. Know your renovation budget - You don't wanna overdo or underdo a property. Focus on the right improvements that will add value to your property.

3. Know your after repair value - The goal of flipping is to make money so you have to make sure you're not covering your all-in cost and you're actually making a profit

4. Time your sale right - When the market is favorable and the demand for housing is increasing, that's the best time to do it. This can help you avoid having to list your property for too long. Hope this helps and best wishes to your real estate journey! 



@Steven Foster Wilson - thank you so much for the fantastic advice! I'm soaking in as much info as I can right now and I'm in the research phase - trying not to become obsessed with it, but it's all I'm spending my free time doing right now. 

Post: New to flipping

Kimberly KellyPosted
  • Posts 6
  • Votes 7
Quote from @Jimmy Lieu:
Quote from @Kimberly Kelly:

Hello! New to this forum and community. I'm currently a real estate agent but my husband and I are just now starting to dabble with the ideal of flipping. Have renovated and remodeled many of our own homes over the years and want to diversify my real estate business. My broker recommended this site and I'm excited to spend time on it and get to know the community as I know I have much to learn. 

Hi Kimberly, I'm a local investor and agent here in Columbus Ohio and have completed quite a few renovations, BRRRRs, and flips myself! There's so many great flip opportunities here in Columbus Ohio. This past week, I went under contract on two flips for my client and he has a 100k+ flip margin for both properties! I'm happy to introduce you to any GCs, property managers, lenders, or anyone that you personally need. Warm welcome and happy to have you here! Also, if you have any questions or want to connect, feel free to reach out!

Hi Jimmy! Awesome - thanks for reaching out! Nice to meet you and I might just take you up on your offer - would love to pick your brain sometime. 

Post: New to flipping

Kimberly KellyPosted
  • Posts 6
  • Votes 7
Quote from @Dave Skow:

@Kimberly Kelly- thanks - welcome ...unless  you plan to use cash for your plans - I recommend getting  your financing outlined and in place  ...get pre approved for whatever  scenario you are  considering in order to  * get organized  * educated and  prepared ...good luck 

Thanks Dave! Already working on that part of it. Couldn’t agree more that having a plan is key! So excited to learn more on this forum and appreciate any other advice you can give!

Post: New to flipping

Kimberly KellyPosted
  • Posts 6
  • Votes 7
Quote from @Nathan Harden:

Well, you're in one of the hottest investing markets in the country at the moment. Also, have a huge influx of jobs over there so people will be paying a premium. 

True! My broker is helping me get started as he’s a seasoned investor and has offered me tons of advice! Been wanting to do this for awhile, but have been working another full-time job the past several years in addition to being a full-time real estate agent so really haven’t been able to focus on it. As of June 1st though, I’m officially retiring from that other full-time gig as a high school principal and focusing all my attention on growing and diversifying my real estate business! 😊

Post: New to flipping

Kimberly KellyPosted
  • Posts 6
  • Votes 7

@Jonathan Taylor Smith I'm wanting to get a few flips under my belt, then ideally eventually move into short-term rentals, such as airbnb. Just what I have been considering anyway - do you have other recommendations? Thanks.

Post: New to flipping

Kimberly KellyPosted
  • Posts 6
  • Votes 7

Hello! New to this forum and community. I'm currently a real estate agent but my husband and I are just now starting to dabble with the ideal of flipping. Have renovated and remodeled many of our own homes over the years and want to diversify my real estate business. My broker recommended this site and I'm excited to spend time on it and get to know the community as I know I have much to learn.