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Our Complete Guide to Flipping Houses

In recent years, there’s been a surge of homeowners trying their hand at flipping houses. Not only is house flipping a fun and meaningful activity, but it can actually be quite a lucrative side-business. However, flipping houses is no easy task, and it requires tenacity and planning. Luckily, our complete guide to flipping houses will help you navigate your first remodel with the ease and confidence of a seasoned professional.

Getting started

Research the market

The first step in our complete guide to flipping houses is to conduct extensive housing market research. Though house flipping has been on the rise recently, this doesn’t mean that the market will always be right for it. Before committing to such a large project, thoroughly research various real estate markets to ensure that your investment will provide fruitful results.

When researching real estate markets, it’s important to carefully consider location and neighborhood. Some real estate investors separate neighborhoods according to a ranking system, assigning each neighborhood a “class” from A to D. Class A neighborhoods are the most wealthy, Class B and Class C neighborhoods typically house middle-class and working-class families, and Class D neighborhoods tend to house lower-income residences. Flipping a house in each neighborhood class comes with its own challenges. Flipping a house in a Class A neighborhood, for example, will likely require a significant investment on your part to make the house fit in with the rest of the neighborhood. Conversely, houses in a Class D neighborhood may cost less initially but will likely require higher insurance premiums. For these reasons, it’s crucial that you carefully research various markets.

Find the right house

Once you’ve decided on a location and neighborhood, it’s time to find the perfect house that’s ripe for flipping. When choosing a house to flip, there are several things to consider. The first of these is price. Choosing a house with a price that won’t break the bank—but will still produce a fruitful ROI—can be tricky. To help in the purchasing process, some real estate agents suggest ascribing to the 70% rule. The 70% rule states that you should not pay any higher than 70% of the after repair value for the home, minus repair costs. That’s to say, after adjusting for any potential repair costs, you should not pay any more than 70% of what a house is currently listed at. This is not a hard and fast rule, however, nor is it the only consideration to bear in mind. You should also carefully consider the house’s current state and the repairs it requires before it can be placed back on the market.

Budget and make a plan

After you’ve decided on a house and made an offer, it’s time to build a budget and create a game plan. As we’ve stated, flipping houses requires a lot of planning and organization. Start by creating a detailed list of the planned repairs and renovations for each room in the house. From there, you can further dissect your agenda and specify the tools and building materials you’ll need for each project. As you outline your renovation strategy, note the cost of all materials and the anticipated timeline for each project. This will ensure that your remodel stays on task and on budget.

Diving in

DIY when possible

With the popularity of HGTV, YouTube tutorials, and instructional workshops, helming your house flipping project has never been easier. Taking matters into your own hands may require a bit of additional time and elbow grease, but it can actually help you save money in the long run. By doing the work primarily yourself, you can save on labor costs for a contractor or construction crew and will only need to worry about building material and tool costs.

Know your limits

Though it will save you money to do your renovation project mainly yourself, it’s also important to know when you’re out of your depth. For larger projects, or those that could seriously impact the home’s safety and structural integrity, it may be in your best interest to consult a contractor. Plumbing and electrical work, for instance, may be better left to a contractor. They can ensure all elements are installed properly and safely, which will help your final inspections go off without a hitch.

Stay organized

It takes many moving parts to make a house flip run smoothly, so staying organized is of the utmost importance. Keep important documents, such as the ownership paperwork and any building permits, in a secure location far away from the sawdust and buzz saws at the build site. Another great way to stay organized during the renovation is to periodically tidy up the build site. Renting a dumpster and disposing of any unnecessary building materials and debris at the end of each day will keep the space clutter-free. Not to mention, it will reduce the time spent cleaning at the project’s conclusion. For affordable dumpster rental in Atlanta and the surrounding areas, contact our team at Vine Disposal.

Finishing up

Schedule an inspection

With the walls in place and the electricity back on, it’s time to schedule a final inspection of your newly flipped house. Inspections can be conducted with a trusted contractor or a local code official. During these visits, the home inspector will assess the changes made to the house to ensure they comply with security and fire safety regulations. They will also be on the lookout for any potential hazards, such as foundational problems or structural instabilities, that should be addressed before the home can be placed on the market.

Decorate wisely

Finally, it’s time for the fun part of house flipping. When decorating your newly flipped house, try to choose elements that aren’t too distracting. You want to pull focus to the house itself, not its contents. Choosing cabinetry, flooring, and paint in neutral colors will highlight the house’s beauty without causing too many distractions. You may also choose to enlist a professional’s help to stage the home for sale. When staging the home, try to keep things clean and clutter-free. Keeping décor a bit more sparse will enable potential buyers to better envision their own belongings filling the space and incline them to make an offer.

Our Complete Guide to Flipping Houses infographic


Dumpster Rental in few clicks

40 Yard Dumpster from 500

The Largest of Projects.
Size: 22 feet x 8 feet x 8 feet

40 Yard Dumpster

Price includes: 12000 lbs,
14 day rental

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ALL FEES INCLUDED
Weight limit: 20000 lbs

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QUESTION & ANSWER

Dumpster Specifications

What size dumpsters does Vine Disposal carry?

Will my dumpster have a door that swings open?

Yes, all our dumpsters have a hinged back door that will swing open.

What are the dumpster dimensions?

Please see our dumpster size guide.

What are does Vine Disposal service?

Metro Atlanta Area. Service Area On The Map.

Pricing

What’s the prices to rent a dumpster from Vine Disposal?

The 10 yards are priced at $305.00
The 15 yards are priced at $305.00
The 20 yards are priced at $350.00
The 30 yards are priced at $398.00
The 40 yards are priced at $500.00 .

Does Vine Disposal dumpsters have a weight limit?

DOT regulations limit the weight of any roll off dumpster to approximately 10 tons (20,000lbs).
10 yard price covers 4000 lbs.
15 yard price covers 6000 lbs.
20 yard price covers 8000 lbs.
30 yard price covers 10000 lbs.
40 yard price covers 12000 lbs.

If the dumpster is more than the covered weight limit is there a fee?

Yes, there is a $35.00 fee for every 1000 lbs that exceeds the covered amount.

Are mattresses allowed in Vine Disposal dumpsters?

Yes, Vine Disposal charges $20 per mattress.

Ordering / Scheduling Dumpster Rental

What are my payment options?

We accept all major credit / debit cards (Visa, Master Card, American Express, and Discover). Credit card payment can be made online or over the phone.

Is same day delivery available?

Same day delivery are based upon location and availability. Please call 678-315-2193.

How far in advance do I need to order a dumpster rental?

We recommend ordering at least 24 hours in advance to ensure we have a dumpster available. Please note there is no guaranteed delivery time, so if a roll off dumpster is needed first thing in the morning, delivery should be scheduled for the day prior.

Once You’ve Ordered Your Dumpster Rental

What type of materials can I put in a Vine Disposal dumpster?

Anything that is not hazardous to the environment.

What if my dumpster is full and I need another dumpster?

Please call us at 678-315-2193 or online if you need your dumpster emptied and returned to you (SWAP). There will be repeat charge equal to the amount paid for your previous dumpster.

How long may I keep the roll off dumpster?

Our standard included rental period is 10 days. Extended rental fees will apply when keeping your dumpster longer than the included rental period ($16/day).

Do I need to schedule removal of my dumpster?

Yes, you need to let us know when to remove the dumpster. We do not automatically remove the dumpster at the end of the included rental period. You can schedule removal online or via telephone 678-315-2193.

What if I need to keep my roll off dumpster longer or have it removed sooner?

If you want to modify the date your roll off dumpster rental is picked up, please call 678-315-2193 or contact with us online.

Materials – Weight, Extra Costs and Prohibited Items

How is the weight of my debris determined?

The truck drives onto a scale at the disposal facility where an initial weight is recorded (gross weight). The truck then empties the contents of the dumpster. Next, the truck drives onto a second scale that records the weight of the truck and the empty dumpster (tare weight). The difference between the first and second weights (gross – tare) is the weight of the debris in the dumpster. The scales are regulated by state bureaus of weights and measures.

What materials may incur extra costs?

$20/pc - mattresses.
$15.00/pc - non-commercial tires, no more than 10 per dumpster.
$150.00/pc - commercial tires, no more than 2 per dumpster.

What materials are prohibited?

Hazardous waste, dirt, industrial waste, chemical products, oil filters, herbicides, pesticides, radioactive material, solvents, paint (except completely dried latex paint cans, no liquids), other flammable liquids, aerosol cans, propane tanks, motor oil, transmission oil, lubricating/hydraulic oil, oil filters, contaminated oils (mixed with solvents, gasoline, etc.), antifreeze, appliances, petroleum contaminated soil/lead paint chips, tires, batteries, computers, monitors, televisions, microwaves, fluorescent tubes, railroad ties, medical waste, asbestos, animals, barrels, all liquids.
Nothing can be sticking out of the top of the roll off dumpster.

Property Considerations

Will the dumpster cause driveway damage?

Although driveway damage is unlikely, please be aware of the possibility of damage caused by the weight of the dumpster and the contents placed in the dumpster.
Prevent Scratching & Cracks
We recommend that you place 4′ x 8′ sheets or 2″ x 4″ plywood on your driveway where the dumpster will be placed. The wood will prevent the dumpster from scratching or cracking the driveway. Please take the proper precautions to protect your driveway!

Do I need a permit to place a dumpster on my property?

Dumpster permits are typically only required when placing a dumpster on public property such as a street, easement, or sidewalk.
Please contact your local township office or public works department to determine exact permit requirements for your specific situation. Permit requirements can vary within the same town based on placement specifics!

How large of a space do I need for delivery of the roll off dumpster?

It is recommended to allow 4’ of clearance on all sides of the dumpster to assure adequate clearance. Please refer to our Dumpster Selection Guide for dumpster dimensions.

Your question:

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