(Closed) House flippers – How do you keep positive?

posted 6 years ago in Home
Post # 3
63 posts
Worker bee
  • Wedding: April 2010

Hi!  I am not familiar with being in your exact sitiuation (fixing a house up to live in), but Darling Husband and I have bought 2 investment houses (that we bought and rent out) within the last year or so.  I would imagine that I would have been way more emotionally involved with the process if they were actually houses we were going to live in, so while I cannot completely relate, I did want to respond and share our experience with you.  Both houses took longer (about 2x longer) to fix up than I initially expected… Not saying that that will be the case for you, just saying that it is very practical to plan on it taking longer than what you initially expect.   I found what was helpful to me was to make a list of everything that needed to get done and then cross off each item (no matter how small) as you complete them.  The feeling of accomplishment is very motivating.  It sounds like right now things are at a standstill w/ progress, but once things get moving, you’ll feel much better… As far as not feeling discouraged?  I guess the only thing I can really think of is to look at magazines & pinterest for inspiration of how your house will look once you are able to complete your projects in it.  That is something that always motivates me and gets my creative juices flowing 🙂  Sorry if my answer didn’t really help… I just wanted to reach out and tell you it will get better and you will look back and be like “WOW, we did all THIS?”  Best of luck!

Post # 4
887 posts
Busy bee
  • Wedding: March 2010

I’m 34 weeks pregnant…and Darling Husband and I are working on our 5th flip (while living in it). We literally have a mattress (on the floor) and a recliner for me to sit in, along with a mini fridge and skillet, and that’s it. I use our bathtub (which took us weeks to get hooked up) to wash dishes, hands, tools, paint, and fill water jugs. We don’t have any doors or air conditioning. The first two weeks we lived here we didn’t even have a toilet. And for someone that far along in their pregnancy, that was the worst thing ever.

How do we (I) stay positive? (FWIW, some days it’s frankly impossible!) We both really really love what we do. It’s a chance to work together and to achieve a common goal. The sacrifices we’re making will really enhance the quality of life for our little one and for us down the road :)Also, look at it as a source of pride– you are literally enhancing the neighborhood. Try to learn new things and find enjoyment in that– when Darling Husband and I started three years ago, I could paint and that was about it. Now I can do any kind of electrical work, some plumbing, build walls, and yesterday I put in 14 windows!

The house we’re in we purchased for 12k, it was supposed to be condemned, but we “snagged” it just in time. We’re hoping to be done in the next month and have it back on the market for over 100k. All of the work we’ve done ourselves (except for some cast iron boiler repair) and we’re about 14k into our budget of 18k. As self centered as it is, sometimes I just look at the money aspect of it to remain positive. After realtor fees/taxes, we’ll make a solid 60k for a summer’s worth of work. That pays off a lot of student loan debt (DH is in med school). I don’t know your financial situation, but realizing that you made a great investment can really put a smile on your face some days!

It may not seem like it now, but it will be worth it! And honestly, with projects that take longer, it seems like things balance out. Maybe it’ll take another week before you get water, but a different project will go really quickly. Case in point– the two weeks it took me to get my toilet vs. the 1 day it took to put in an entire houseful of new windows!

(Also, I would give your stepdad a deadline– figure the water out by xxx date or I’m calling a plumber. If it’s holding you up and you’re miserable, it’s not worth the fight, in my opinion!)

ETA: one final tip, as you proceed, continue to look at what you’ve accomplished (take lots of before pictues!) This is the before/after of just the kitchen of our 4th flip (NOT our current living situation)

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