Now you own a brand new townhome (when it gets completed) but you won’t have to start making any mortgage payments until it gets completed.

Maybe they want a new fan, or a motion detected security light-- show them you aren't just raising rent, but you're actively improving their homes.   

It all adds up real quick.This is why you see them build a big fancy Hilton or something, then in just a few years they sell it to a cheaper hotel brand, and then again, and again, until it becomes a slum.

Purchase price: $160,000 Sale price: $202,000 My wife and I wanted to explore flipping a property but since we didn't have experience or a background in construction, we decided we will buy a cosmetic flip which is something that will only require simple changes to the property like replacing carpet, paint, recess lights, cabinets, bathroom tiles and a vanity.

Purchase price: $160,000 Sale price: $202,000 My wife and I wanted to explore flipping a property but since we didn't have experience or a background in construction, we decided we will buy a cosmetic flip which is something that will only require simple changes to the property like replacing carpet, paint, recess lights, cabinets, bathroom tiles and a vanity.

If your finding properties that need light rehab and have nice returns, maybe take a shot on it.Remember, if you are going to finance a first flip you can expect to have 20% down + closing costs + money to start the rehab + reserves.

Have a decent website/social media to show your work, promote yourself well and build your brand, and answer your phone/make yourself available and you should be picking up work in a short amount of time.

Picture lighting!

New windows, paint, lights, appliances, flooring and wall repairs.

New windows, paint, lights, appliances, flooring and wall repairs.