How to Fund Your Return to Education by Flipping Houses

Written By: Julian Lane

How to Fund Your Return to Education by Flipping Houses

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Pursuing higher education can help you broaden your horizons, acquire new skills, and advance your career. But this move comes with a high cost. College tuition fees are a common barrier for adults looking to return to school. If you don’t want to take on the burden of student loans at this point in your life, there’s a unique funding alternative you may want to explore: flipping houses!

The practice of buying homes in need of repair and renovating them to sell for profit could be a great way to leverage your skills and existing resources to generate funds for school. Today, we share some practical insights to help you find success in flipping houses.

Upgrade the Kitchen

When it comes to flipping houses, small kitchen upgrades have some of the highest returns on investment. If you buy a home with an outdated kitchen, replacing the appliances, installing new countertops, and slapping a fresh coat of paint on the cabinets can quickly bring the home into the modern era.

Spend Time on Staging

Even if you only make a few cosmetic improvements to a property, a little staging will go a long way toward attracting potential buyers. Be sure to stage the home before taking listing photos so your property will look its best in online listings. Don’t overlook important staging details like hanging artwork that’s pleasing to the eye and decorating the outdoor spaces. When it comes to staging the bedrooms, consider picking up some fresh bedding with attractive designs.

Do Your Own Cleaning

Cleaning your home before listing is just as important as staging the place, if not more so. Clean homes appear well-maintained. Hiring a professional to deep-clean your home can be expensive, but this is a task that’s easy to do on your own with the right tools. Investing in a few cleaning supplies is worthwhile, especially if you’ll be flipping several homes.

Hire Help with Major Repairs

While you may feel comfortable tackling minor repair projects and cleaning the property, don’t hesitate to hire help for bigger maintenance issues. Always hire a professional for specialized jobs such as electrical work, plumbing, and major structural repairs, as these require specific expertise, knowledge, and equipment. Professionals will ensure the work is done safely and to code. Rehab Financial Group suggests seeking references from people you already know for help finding reputable and trustworthy contractors.

Price Your Listing Competitively

Pricing your listing competitively is a crucial aspect of a successful fix-and-flip project. Consider important factors such as the property’s location, size, condition, and comparable sales in the area. Aim to strike a balance between maximizing your profits and attracting potential buyers. Overpricing can deter potential buyers and delay your home sale while underpricing could mean missing out on potential profits. Remember, you can always consult a real estate agent for help deciding on a competitive listing price.

Earn Your Degree Online

Earning an online degree offers the flexibility to study at your own pace and schedule, making it ideal for those balancing house flipping, family, or other commitments. Additionally, it provides access to a wide range of courses and flexible programs, often at a lower cost than traditional campus-based education. For example, earning an education doctorate degree equips you with advanced knowledge and leadership skills in education, enabling you to influence educational policy, improve curriculum development, and potentially lead educational institutions.

If you’re interested in real estate and you’re willing to put in the work to fix up homes to sell for profit, flipping properties could be a great way to fund your college education as an adult returning to school. It’s also a good idea to consider online degree programs so you have the flexibility to study and focus on your house-flipping business.

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