Can You Earn Cashback Rewards when Flipping Real Estate in Barrie and Simcoe County?

You sure can!

The key is to know HOW to shop!

For those who don’t know, ‘flipping’ real estate is an industry term used to describe the process of buying and selling property quickly with the intention of making fast profit. Most commonly, buyers look for places to purchase that are a bit run down or appear dated. They then invest a bit of money towards renovating and modernizing, then turn around, and sell the property for much more than they paid to purchase and fix up.

If you really want up your real estate flipping game and maximize your profit here are few ideas:

• Smart Locations

  Toronto is the hub of Ontario, but cost of living is astronomical, without even looking at purchasing real estate within the city limits. Owning a home within the city has become an unattainable dream for many. For others that already own in Toronto, they see the potential to make huge money by selling and moving outside the city. An hours’ commute to leave and enter the city for work isn’t unreasonable, considering it pretty much takes an hour to commute to and from anywhere within the city based on the gridlock of the city itself.

  When choosing a location to consider flipping real estate, considering anything within an hours’ radius of Toronto is the first step. To further narrow down the selection of where you want to start shopping for properties is to then look at the natural attributes of the areas, as well as the amenities they have to offer. This will help you find a city or town that would be that much more attractive to buyers who are looking to escape big city life.

  For instance, Barrie and Simcoe County, which are approximately an hours’ drive north of Toronto are known as the gateway to cottage country. Residents get the best of city comforts, but are only minutes away from major waterways and gorgeous rural scenery.

  Flipping real estate in Barrie has always been lucrative, but over the last few years, the housing trends and hot real estate market has made it doubly true.

• Which is Smarter? DIY or Professional Renovations?

  Many people think that DIY (Do-it-yourself) upgrades and renovations are the most cost effective way to complete upgrades to a real estate flip because it will keep prices down thus maximizing profit after the property sells. This is often a myth perpetrated by the many DIY property flip shows on TV that make it look oh-so-easy and oh-so-profitable. Ironically, the reality that Reality TV doesn’t show is that these people are experienced house flippers that are armed with a team of professionals behind them, and also the power to edit out any narrative that doesn’t fit with their version of how neat and tidy this investment process can be.

  Deciding whether or not to DIY or hire a professional should not be a hard choice. Especially if you don’t have the experience or aptitude for home renovations. It is generally suggested that unless you have actual professional qualifications that any DIY tasks during a house flip should be limited to non-structural improvements. This means cosmetic only, creating curb appeal through landscaping, and indoor updates like painting, wall coverings, upgrading fixtures.

• Shopping Smart

  The key to staying on budget when flipping real estate is to shop smart. Think beyond discounts and coupons to cashback incentives. Shop2Save is an online consumer-buying portal that offers real cashback rewards dollars. Members even get cashback for buying and selling real estate, and for arranging mortgages. Unlike some cashback incentive programs, the cashback from Shop2Save is without a catch. No added interest rates, no hidden fees or upfront costs. In fact, Membership with Shop2Save is completely free as well, because the more members involved the greater the purchasing power they can levy.

  Smart location, smart renovations, and smart shopping. These are the best ideas to keep in mind when flipping real estate! In Barrie, online you can visit Shop2Save today to discover how you CAN earn cashback rewards and make the most of your investment journey.