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Homes for Sale Brentwood TN | Brentwood TN Real Estate | Gennifer MallardHomes for Sale Brentwood TN | Brentwood TN Real Estate | Gennifer Mallard

Gennifer Mallard
Realtor, Real Estate Broker

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(615) 473-5973 Direct
(615) 371-1544 Office
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Thinking About Buying and Flipping Houses? Here’s What You Need to Know.

Buying and Flipping Houses in Tennessee

The first quarter of 2015 showed an average gross profit of over $72,000 on house “flips,” and if you’re like most people with an entrepreneurial spirit, you might be thinking of cashing in on something like this. However, it’s important for you to know that house flipping is more complicated than just buying and selling a home – and reality TV shows don’t really depict the process accurately.

Should You Buy and Flip Houses in Middle Tennessee?

If you’re thinking about buying a home in Middle Tennessee so you can fix it up and sell it quickly, ask yourself:

  • Where are you planning on buying and flipping property? Purchasing a house at the top of the price range in an upscale neighborhood means you are relying on that area’s property values to increase, not remain stagnant.
  • What trends do the experts say are going to affect the future of the real estate market? When the market is good, experienced house flippers see money growing on trees. When the market drops, those same trees can be quite bare.
  • What’s your game plan? Some house flippers like to a purchase a fixer-upper for a cheap price, make repairs and then sell it. You’ll need a timeline and a budget so you can ensure you don’t get in over your head.

Potential Drawbacks to Flipping Houses in Tennessee

Even a perfect plan can go wrong—budgeting flaws, timing problems, a sudden increase in neighborhood crime—leaving you with a house that won’t sell.

If you’re thinking about diving into the market, know that:

  • Your expenses could exceed your returns. Unforeseen costs, taxes and other fees can add up quickly. Remember, the longer it takes to flip a house, the more money you stand to lose.
  • You may have to pay capital gains taxes on your earnings.
  • The real estate market fluctuates. If your three-month remodel turns into a thirteen-month overhaul, a home you expected to sell for $480,000 might only sell for $400,000.

Advantages to Flipping Houses in Tennessee

Aside from the pleasure of improving a property, you might enjoy these added benefits:

  • You can profit without financial contributions. If you partner with investors and provide the sweat equity, you might not need to contribute any of your own money.
  • House-flipping can be an excellent short-term investment. The average return on investment for house flips in the first part of 2015 was 35.1 percent.
  • You can maximize your return with the right people on your team. If you work with a good Realtor®, you can find properties that need a little work priced much lower than other homes nearby. In many cases, you’ll be able to list and sell these homes for a tidy profit—even if property values remain flat.

What Kind of Home Are You Looking For?

Let’s talk about how I can help you find the right home for your needs. Call me at 615-473-5973 or get in touch with me online. I’ll start looking for properties that match your criteria right away.

Posted in: Blog, How-To, Real Estate

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Featured Properties

2013 McAvoy Drive $659,900

2013 McAvoy Drive Franklin, Tennessee

4 Beds 4 Baths 2,726 Sq Ft Acres

2025 Cabell Dr $659,900

2025 Cabell Dr Franklin, Tennessee

4 Beds 4 Baths 2,825 Sq Ft 0.160 Acres

392 Dewar Drive $657,815

392 Dewar Drive Franklin, Tennessee

5 Beds 4 Baths 4,100 Sq Ft 0.250 Acres

302 Liebler Ln $655,250

302 Liebler Ln Franklin, Tennessee

4 Beds 4 Baths 2,726 Sq Ft Acres

2011 McAvoy Drive $654,900

2011 McAvoy Drive Franklin, Tennessee

4 Beds 4 Baths 2,726 Sq Ft Acres

3019 Halenwool Circle Lot 122 $654,432

3019 Halenwool Circle Lot 122 Franklin, Tennessee

4 Beds 3 Baths 2,566 Sq Ft 0.420 Acres

226 Moray Ct $652,308

226 Moray Ct Franklin, Tennessee

4 Beds 3 Baths 2,910 Sq Ft 0.110 Acres

3008 Halenwool Circle Lot 56 $652,253

3008 Halenwool Circle Lot 56 Franklin, Tennessee

3 Beds 3 Baths 2,790 Sq Ft 0.350 Acres

915 Glass St $650,000

915 Glass St Franklin, Tennessee

3 Beds 3 Baths 2,496 Sq Ft 0.170 Acres

404 Logans Cir $649,900

404 Logans Cir Franklin, Tennessee

6 Beds 4 Baths 4,056 Sq Ft 0.270 Acres

417 Briksbury Dr $649,900

417 Briksbury Dr Franklin, Tennessee

3 Beds 3 Baths 3,007 Sq Ft 1.220 Acres

134 Barlow Dr $649,900

134 Barlow Dr Franklin, Tennessee

4 Beds 4 Baths 3,269 Sq Ft 0.230 Acres

122 Riverwood Dr $649,000

122 Riverwood Dr Franklin, Tennessee

4 Beds 3 Baths 3,008 Sq Ft 0.260 Acres

418 Dewar Drive $645,600

418 Dewar Drive Franklin, Tennessee

4 Beds 4 Baths 3,070 Sq Ft Acres

398 Dewar Dr $645,100

398 Dewar Dr Franklin, Tennessee

4 Beds 3 Baths 2,930 Sq Ft 0.240 Acres

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Benchmark Realty, LLC

Gennifer Mallard, Realtor

615-473-5973 Direct

615-371-1544 Office

GenniferMallard@gmail.com

Benchmark Realty, LLC
318 Seaboard Lane, Suite 112
Franklin, TN 37067
License #00292590
Company License #259153

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