When it comes to homes and interiors, it’s super easy to fall in love with them. When you’re investing in property and doing your place up, you can’t help but spend hours on Pinterest and flicking through interiors magazines. So much so, that you probably start to flip houses yourself. Because once you’ve finished your property, you just want to do another. And we all know that this is a really great way to move on up to bigger places too. Although house costs can get crazy at times, when you’re smart about adding value to your place, you can handle that. If this sounds like you, then it’s safe to say that you have the house buying bug. So why not think about taking that to the next level?
1. Moving On Up
So first of all, let’s stick to the same lines that you’re already working on. And that’s the idea of flipping to get to the top. Most of the time, we all want to be able to buy a bigger home. But it’s not easy to go from a tiny two bed to a five-bed mansion. You have to work your way up! But if you’ve already flipped a house or two, why not go in for the biggie now? You know that you have to save for a bigger dream home, so why not make this your next mission? Get a killer fixer-upper and make it your own.
2. Building Your Own
Next up, you may even want to think about building your own place. If you’ve invested a lot of money into your properties over the years, and you’ve made a ton, then this could be financially viable for you. Plus, building your own can often make sure that you get everything the way that you want it.
3. Buying A Second Property
So next, there’s the idea of getting a second property. Even if you’re doing one of the above ideas, there’s no reason why you couldn’t get yourself a second property to work on and then sell. You could then ensure that you’re living in your dream home, but then always have one property to work on on the side.
4. Becoming A Landlord
Or, if you don’t want to actually buy a second property to sell, you may want to think about becoming a landlord. You could do this in two ways. First, when you take a look at the roofstock review, you’ll see that you have a low-risk option. But you could also, of course, invest in a second property to then do up and rent if you want the challenge.
5. Starting A Business
Finally, you may even want to start your very own house flipping business. If you know that you could make some great money doing this, why stop at a second property? You may want to do exactly what you’ve done as you’ve flipped the homes you’ve lived in, but do it commercially. Right now, a house flipping business could be exactly what you need. So start off with the second property, and see where things take you.