What you need to know about flipping houses in San Antonio

If any of you are like me, you have probably come across one of the seemingly hundreds of do it yourself (DIY) or house flipping TV shows that seem to have popped up overnight. The question is why do people get into growing trend; is it for the money or do they get some thrill out of the experience? A common theme in many of these shows is that if you find the right home you can make a hefty sum of money seemingly overnight. Let's be honest though, they are filming this entire process that takes weeks if, not months and are cutting it down to mere 30 or 60 minute segments. I am not saying that they do not make decent money on some of those properties, however if they are paying cash for it then they are in a situation many are not. If they are, on the other hand, not paying cash and using debt to finance it they are playing a dangerous game in which they could lose everything. So what's an ordinary person supposed to do in this situation? When one cannot afford to pay cash for a home and repairs but also isn't willing to finance an investment property? As your San Antonio Realtor I would offer you some alternatives; there is the obvious solution of don't do it and leave it to the pros, but then what fun is that. Maybe you could find some willing and able investor to front the money, but unless you are going to do all the work yourself then the said investor does not have much use for you. The safest alternative would be to go against the urge that screams "I want instant satisfaction" and start at your house. What better place than your home to try your handyman skills out and see if you are ready for the big flip. It can be a win-win of you select the right projects that will add value to your home. As a San Antonio Realtor I can give you ideas that will not only gain you equity but also experience, both of which will have the potential to pay off in the log run. The beauty of it is that there are plenty of resources for those willing to go to it alone, Home Depot offers classes, there are literally hundreds of blogs and then there is YouTube. With a little skill, the right tools and some determination you really can make a world of difference in your current home. There is a wealth of knowledge out there that is at your fingertips all you have to do is "search". Start on pinterest, you can literally find thousands of ideas with the click of a mouse. If you are serious about breaking into the real estate investment world then I would start reading on bigger pockets, it has a vast amount of information on the subject.  As always if you need a free consultation with a San Antonio Realtor I offer that as a service to homeowners with no obligation. photo credit