Pro Tips from the Property Flippers
Flipping For Profits October 2023 Edition
Taylor Made For You Properties, LLC Collection
Have you ever encountered someone with such a contagious spirit that you are immediately drawn to their vigor, captivated by their joy and left wanting more of what they are offering? No questions asked, you know when you meet this type of person. October's Pro Tip profile is one of these people. Tracy Taylor of Taylor Made For You Properties, LLC is a positive force on a mission to better the community one property at a time.
This Pro Tip edition takes a deeper dive into the insights Tracy and her husband have gained over the last 4 years in the real estate world.
Tracy and her husband Damon have successfully gone from novice property flippers to instructors in just 4 short years. This summer, Taylor Made hosted their first flipping conference to a sold-out venue in Cincinnati. The Taylors invited Design to Market and Spring Valley Bank as guest speakers at the event. The goal was to equip the audience with the necessary tools to flourish and identify common pitfalls of the flipping business.
We wanted to take this opportunity to share a similar message with you.
Pro Tips from:
Our goal is not only to thrive as a business but also to empower our community with knowledge and opportunities.
Why We Started: Our house flipping journey began with a simple yet powerful vision: to revitalize our community, one property at a time. We were inspired by the potential for transformation that underutilized and distressed properties held. By breathing new life into these homes and adding our own personal touch, we hoped to create not just beautiful living spaces but also foster economic growth and stability in our area.
Lessons Learned: Over the last 4 years, we have encountered numerous challenges, and these experiences have been invaluable in shaping our approach. Some of the key lessons we've learned include:
1. Research is Key: Extensive market research is vital before investing in any property. Understanding neighborhood dynamics, property values, and potential pitfalls can make or break a project.
2. Teamwork Matters: Building a strong network of professionals, from contractors to real estate agents, has been crucial. Their expertise complements our vision and ensures successful outcomes.
3. Adaptability: The real estate market is ever-changing. We have learned to adapt to market trends, financial fluctuations, and unforeseen circumstances to stay resilient.
Key Takeaways: Our journey has left us with some valuable insights that we'd like to share with you:
1. Community Empowerment: We firmly believe that our success is intertwined with the prosperity of our community. We actively seek opportunities to involve local talent, create jobs, and enhance property values.
2. Education: We are committed to sharing our knowledge and experiences with our community. By organizing workshops, seminars, and providing resources, we hope to empower aspiring entrepreneurs and homeowners to achieve their goals.
Our Business Approach: Our approach to house flipping can be summed up in three core principles:
1. Quality and Integrity: We prioritize the quality of work and materials in every project. Our integrity is non-negotiable, ensuring that our properties meet and exceed industry standards.
2. Community-Centric: Our focus on the community guides every decision we make. We believe that strengthening our community is the key to sustainable success.
3. Education and Collaboration: We are dedicated to facilitating learning and fostering collaboration within our community. We aim to provide opportunities for others to join us on this journey and prosper together.
We are excited to continue our house flipping endeavors and, more importantly, to share this experience with our community. By learning from our journey, we hope to inspire and educate others on the possibilities within the real estate industry.
Together, we can build a stronger and more vibrant community. Thank you for your ongoing support.
We have forged a fantastic partnership with Tracy because she sees and understands the value of staging and the impact it has on her business.
She is discerning about when and where to use subcontractors and trusts the process.
Her communication skills combined with her strong project management skills further maximizes the strength of our partnership.
We are honored to be a part of The Taylor's trusted network of professionals.
As Tracy mentioned, a strong network of local professionals is vital to your business.
Spring Valley is your local community bank offering our investors SOLUTIONS:
Quick decisions with in-house underwriting
Certainty to close
Availability of real estate & banking experts to listen & stay connected
Flexible financing options for flips, refis & income producing properties
Dependability of an established banking institution
A Portfolio View:
Special thanks to:
A monthly series showcasing tips from professional property flippers partnering with Spring Valley.