Sue discusses the ins and outs of making money flipping houses, revealing her top five secrets for successful flips and emphasising the fact that anyone can get involved in this business, regardless of their background or experience.

Sue also highlights the importance of doing thorough market research, securing financing, and understanding the value-adding aspects of a property, as well as when to make the decision between flipping or renting a property 

KEY TAKEAWAYS

• Flipping houses can be a profitable venture, even without a large amount of cash or extensive time commitment.
• It is important to do thorough market research and understand the demand and pricing trends in the area before starting a house flip.
• Financing is a crucial aspect of flipping houses, and it is important to buy below market value and budget for refurbishment costs.
• Location plays a significant role in the success of a house flip, and buying the worst house on the best street can yield higher returns.
• Knowing what adds value to a property, such as bedrooms, bathrooms, and kitchens, is essential for maximising profits in a house flip.

BEST MOMENTS

"You don't have to be a builder. I'm not a builder. You're probably going to say Sue your husband's a builder. Well my husband would argue not!" 

"Even in this market right now, some areas are not declining, believe it or not. But if they are, you can always do a five year forecast and see what the situation is then." 

"The longer that you hold the property, the more it costs you. However, if it doesn't value up or the market is in a downturn, holding onto it and renting out could be an option for you."

"The rule of thumb is the worst house on the best street. I have never failed when I have bought in prestigious roads. We have bought the worst houses on prestigious roads."

VALUABLE RESOURCES

Download my FREE guide on how to become a lifestyle entrepreneur

https://sueparker.io/how-to-start-lifestyle-business-lm

Visit my website https://sueparker.io

Be part of my community https://sue.team/

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I’m a successful career mum turned entrepreneur (soon to be author..) and speaker. 

I was one of a few corporate women in tech who was successful to reach a level before hitting my head firmly on the glass ceiling. All while I was constantly having to choose between my kids and my career.  I was burnt out, overwhelmed and unfulfilled.

I wasn’t living, I was surviving and this outdated corporate career path wasn’t serving anyone. 

I took everything I learnt about systems, data and technology and created my first online business empowering leaders through training, webinars and coaching. Before finally accepting my calling to help others escape the outdated 9-5 and create a business that works for their life. Leveraging mindset and technology.