Spellings Real Estate – Bev Spellings (Lisc #00227596) & Brooks Spellings (Lisc #326311)

Call Us Today: 615-579-7451, 615-878-4303

Benefits of Flipping Real Estate

The obvious benefit and sought after benefit of flipping real estate is the profit. This is one incredibly tangible benefit, particularly when the profits are large and quick to come your way. Of course there are risks. Most ventures that offer high profit also come with a high degree of risk. Money, however, is not the only benefit that can be associated with flipping real estate though it is certainly the one on most investors’ minds when they get into this line of work.

Let’s talk profit first. Profit is the one reason that most people get into this business. The days are long and the work is hard. This is definitely not the type of work one would ordinarily undertake for the simple love of getting one’s hands dirty. This is real work that leaves you bone weary at the end of the day. However, when all the work is done and you get around to making the sell, you will find that the profit involved in a successful flip is well worth the effort you’ve put into the process.

The good news is that the savvy investor can still manage to make money even when the situation may not work out quite as planned. This is yet another benefit to flipping real estate. If the flip doesn’t work out, there is always the option of leasing to own the property or renting the property out. The profits in these situations are considerable less than a straight out flip but it can prevent financial ruin that is often the risk of a flip gone wrong. The fact that there are options and that you aren’t necessarily left ruined at the end of a bad flip is definitely a benefit. There aren’t many types of investments that allow you the option to save yourself the way real estate does.

One of the intangible benefits of flipping houses is that you are in essence working for yourself. In other words you do not have to punch a time clock or worry about overtime (at least not on your part). This can be a bad thing too if you lack the discipline required to get the job done. However, most of us will view this is a huge check in the pros column when deciding whether or not to take the plunge into the wonderful and frightening world of real estate investing.

Even though this is a business that requires a lot of work in order to turn an attractive profit there is some satisfaction at the end of the day involved in knowing that you are working for yourself and not to make someone else wealthy or in order to punch a time clock. That feeling of satisfaction is one that you should hang onto when the brand new toilet you’ve just installed becomes a geyser. Of course there are mistakes along the way, what other job keeps you on your toes quite like this one?

Real estate investing, house flipping in particular, can be one of the most frustrating types of investments a soul can pursue. At the same time it can also be one of the most rewarding mentally, spiritually, and financially. This is something you should keep in mind when deciding whether or not this is the right path for you.

By: Beverly & Brooks Spellings

Beverly Spellings Beverly’s parents lived in the same home for more than 50 years. When she began the search for her first home she not only found a place to call home, but a life-time career and passion. Beverly expects to sell around 1,000 homes by the time she passes her business on to her daughter and business partner Brooks. She would be honored to get the chance to make one of those your home. • Bachelor of Science, University of Tennessee • Joined Greater Nashville Association of Realtors, 1995 • Elected to GNAR Board of Directors in 2013 • Licensed Broker • Active in Tennessee Association of Realtors, National Association of Realtors, and Greater • Nashville Association of Realtors • Leadership GNAR 2002 • Greater Nashville Association of Realtors Awards of Excellence, 2001, 2002, 2003, 2004 • Awards of Excellence, Life Membership, Greater Nashville Association of Realtors, 2005 - 2007, 2012, 2014 & 2015 • Chaplain, Greater Nashville Association of Realtors, 2004 • Active member Christ Presbyterian Church, loyal fan of University of Tennessee, and enjoying her best role as Grandmother to Martha Ainsley and John Calvin • Involved in relocating many clients to Middle Tennessee area • Works closely with President/Managing Broker of Worth Properties who has extensive relocation experience Brooks Spellings Brooks is a native Nashvillian who has recently moved back after 7 years in New York. Her love of Nashville brought her back and quickly led to a new career at Worth Properties. Brooks looks forward to building Spellings Real Estate with her mother, Beverly, who has over 30 years’ experience in the industry - over 15 years in the Middle Tennessee area. Brooks' Background: • Bachelor of Science, Bachelor of Arts - University of Tennessee, Knoxville • 2005-2011 New York City - sales and marketing professional at national publications Cooking Light and Better Homes and Gardens • Avid traveler - over 20 countries lived in or visited • Nashville Association of Realtors, Tennessee Association of Realtors, and National Association of Realtors - 2013 • Affiliate Broker Brooks' is an enthusiastic East Nashville resident active in East-side events, resulting in friendships in the neighborhood and with owners and/or employees at local businesses including: • Historic East Nashville Merchants Association • Edley's BBQ on Main Street • Rumours East on Woodland Street • Fat Bottom Brewing Company on Main Street • Jackalope Brewing Company on 8th Avenue • Margot Café on Woodland Street • Bayberry Moon Productions on Woodland Street • Catholic Charities on 6th Street

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.