Krystle Properties
Krystle Karimian, Krystle PropertiesPhone: (707) 342-2290
Email: [email protected]

How To Ensure Profit When Flipping Houses

by Krystle Karimian 09/30/2019

Many people are joining the home flipping frenzy. Whether you are working on making a profit or just plain bored and wanted to make a quick buck, it was the field to be, but that is not always the case. 

People have forgotten the fact that when they flip houses, they are spending money, time, and effort. It is not in any way just focused on making a quick buck, and for some, it even means making some losses.

Maybe it is all part of the business, or perhaps it is all part of life, the only sure thing is the reality that people are not always as smart as they would like to believe. 

With that, if you are looking to "make a quick buck," flipping houses is not for you. If you want to make a career out of hard work and make sure you earn enough money for your efforts, the following are the best ways to ensure making a profit when flipping houses.

If you are just starting out, take smaller risks. No matter how people would say that a neighborhood is up and coming or a building as so much potential, it should be you and your budget which should do the talking. Taking smaller risks can mean any of the following:

- Buying a house with fewer changes that need to get done;

- Getting any home inspected before making a purchase;

- Knowing what you want to do with the house before you commit; and

- Spending less than 20% of your budget towards building the house more “habitable.”

Do not buy a house that is a former crack den or one that has pipe problems or gas issues; you may end up losing more money than making them. These places are right as investments for developers who would tear the whole house apart and start anew.

Always time your purchases. The economy goes up and down, and real estate is always fluctuating. If you want to make a profit, buy when the economy is down and make a sale when the real estate market is booming.

Now that you know how to do things the right way, it is easier to make sure that you make the right profit. If you would like to join forces with a professional, you can always do so. Contact a real estate agent today for some quick tips on how you can make the right purchase or that ultimate sale.

About the Author
Author

Krystle Karimian

Krystle has been working in the industry for her family business since 1994. She received a Business degree at CSU Monterey Bay in 2005. Immediately after graduating, she became licensed as a Real Estate Agent for the state of California. In 2008, she became the Broker and CEO of Krystle Properties and within the last few years, she saw the need and desire for clients to sell and incorporated Real Estate into their services. Krystle is enthusiastic and knowledgeable and happy to help and advise those in need. Krystle is involved in the community and has a vast network she keeps in touch with regularly. She attended St. Basil’s, St. Patrick’s St. Vincent’s and Benicia High School. Krystle is very passionate and a go getter. She makes her clients at ease throughout their entire transaction with her integrity, transparency and knowledge.

Experience:
Broker of Krystle Property Management since 2005 - Currently managing 700 units 
Employee of Krystle Property Management since 1994

Awards:
Voted Best Property Manager from 2010 to 2018 
Voted Best Vallejo Real Estate Company in 2018

Education:
BS in Business Administration - class of 2004 - CSU Monterey Bay 
Real Estate License - California Department of Real Estate - 2005
Brokers License - California Department of Real Estate - 2005
Leadership Vallejo Graduate 2009

Professional Associations:
Realtor(R) - California Association of Realtors / Solano Board of Realtors / National Board of Realtors
NARPM - National Association of Residential Property Managers
CAA - California Apartment Association 
Vallejo Chamber of Commerce
Board Member, Leadership Vallejo 2014-2016
Alumni, Leadership Vallejo 
Past Active 20-30 Member (Vallejo Recharter & Napa clubs)

Personal Information:
I love what I do! Helping people with their real estate goals and successes is my dream job
Loves: working out, golf, traveling, wine tasting, Microbreweries and good food 
Vallejo born and raised. True believer of Vallejo's full potential 
2nd generation Real Estate Investor - I practice what I preach! 
Happily married & Mother of 2 ~ Dylan (9) & Layla (1)