The Truth Behind Home Flipping

first_img Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago bank loan Budget Home Home Flipping House Porch project management Renovation 2019-02-28 Radhika Ojha February 28, 2019 2,213 Views The Week Ahead: Nearing the Forbearance Exit 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago There’s more to house flipping that meets the eye. And for professional home flippers, delays in project timelines, finding the right partners, and most importantly, funding, are just some of the business challenges, according to a survey by Porch.The survey of 370 people who have flipped residential real estate in the last five years looked at aspects such as buying a home, renovating on a budget, and quickly selling it for a profit.When it came to funding for a home flip, 41.6 percent respondents said that they tool the capital from personal savings accumulated from their primary source of income. Around 30 percent took bank loans, while 6.2 percent said they borrowed money from a family or friend.In terms of capital needed for a median flip vis-a-vis the profit on it, the survey revealed that profits weren’t rising with the trend. In fact, the median flipper “needed $50,000 for their most recent flip, because the average purchase cost was $100,000.” It found that while renovations were the cheapest part of the project ($30,000 or less), respondents said that “underestimating the cost of renovating could be the difference between a large profit and losing money.”In fact, nearly 64 percent of respondents said that they underestimated the cost of their last project while 36 percent said they didn’t budget enough money.Project partners also played an important role with 87 percent of the respondents saying that they flipped houses with a partner. Of these, 45.9 percent partnered with their significant other for these renovations. As with most big projects, major disagreements happening over budgeting (55.9 percent) and timelines (46 percent). However 43.5 percent respondents said that they rarely disagreed with their partners.Speaking of timelines, the survey found that on an average the total time to flip a house was delayed 17 days from the original timeline. And as with large projects like house flipping, project management was the most stressful part about the business. Around 90 percent of the respondents reported this factor as their key area causing stress, followed by construction (85 percent).Click here to read the full survey. Sign up for DS News Daily Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Home / Daily Dose / The Truth Behind Home Flipping Radhika Ojha is an independent writer and copy-editor, and a reporter for DS News. She is a graduate of the University of Pune, India, where she received her B.A. in Commerce with a concentration in Accounting and Marketing and an M.A. in Mass Communication. Upon completion of her masters degree, Ojha worked at a national English daily publication in India (The Indian Express) where she was a staff writer in the cultural and arts features section. Ojha, also worked as Principal Correspondent at HT Media Ltd and at Honeywell as an executive in corporate communications. She and her husband currently reside in Houston, Texas. Related Articles The Truth Behind Home Flipping Data Provider Black Knight to Acquire Top of Mind 2 days ago Tagged with: bank loan Budget Home Home Flipping House Porch project management Renovation Subscribe in Daily Dose, Featured, Market Studies, News Share Save Servicers Navigate the Post-Pandemic World 2 days ago About Author: Radhika Ojha The Best Markets For Residential Property Investors 2 days ago  Print This Post Demand Propels Home Prices Upward 2 days ago Previous: A Turning Point for Home Price Growth? Next: The Census Bureau’s Homeownership Snapshot The Best Markets For Residential Property Investors 2 days agolast_img read more

Arcade Fire Performs 2004 LP ‘Funeral’ In Its Entirety For The First Time Ever [Videos]

first_img[Video: Daanon DeCock]Arcade Fire – “Wake Up”[Video: Eddie Monterrubio]For reference, you can listen to Arcade Fire’s 2004 debut album, Funeral, below via Spotify:Arcade Fire – Funeral – Full AlbumFor more information on Arcade Fire’s upcoming tour dates, head to the band’s website here.[H/T Consequence Of Sound] On Thursday night, Arcade Fire rolled through Los Angeles as part of their ongoing Everything Now world tour, which will conclude this weekend with a two-night stand in Berkley, California and a headlining appearance at Life Is Beautiful Festival in Las Vegas.During Arcade Fire’s performance at the Greek Theatre, the famed Canadian indie rock band surprised the audience by playing their hit debut album, 2004’s Funeral, in its entirety for the first time ever. Arcade Fire’s run through Funeral comprised the entirety of their first set, with the final track on the album, “In The Backseat”, marking the first time the band has performed the tune this tour.As frontman Win Butler explained to the crowd during their performance of the classic album, “We’re not sentimental, but it’s just been 14 years since Funeral so we felt like playing it.”As for the second set, Arcade Fire offered up a mix of tracks off their recently released album, Everything Now, which they have been supporting throughout this global tour, as well as a selection of tunes from across their catalog. 2007’s Neon Bible was represented with “My Body Is A Cage” and “Intervention”; 2010’s The Suburbs was showcased with its title track as well as “Sprawl II (Mountains Beyond Mountains)” and “Ready To Start”; and 2013’s Reflektor was represented with a set-opening take on the album’s title track.You can watch selections from Arcade Fire’s Thursday night performance at Los Angeles’ Greek Theatre below. Enjoy!Arcade Fire – “Neighborhood #1 (Tunnels)”last_img read more

CWI sets timelines for consultation, implementation of recommendations

first_imgCRICKET West Indies (CWI) have established timelines for consultation and implementation of the recommendations of the Wehby Report.CWI Board of Directors proposed a way forward following a presentation by president Ricky Skerritt of a Board Paper entitled ‘Governance Reform Report – Next Steps’.The paper called for the Board of Directors, Territorial Boards and their members, and all stakeholders, to do all that is possible to stimulate, encourage and facilitate the reading, discussion and consultation of the report, which was widely distributed on August 17, 2020.According to Skerritt, Senator Don Wehby has offered to make himself and other Task Force members available to provide explanations and facilitate constructive discussion on the report’s findings, if needed. The paper encouraged all stakeholders to engage in any consultation they deemed necessary to help pave the path forward towards implementation.“There will be COVID19-related timing challenges, and likely political head-winds ahead, but I assure all stakeholders and lovers of West Indies Cricket that I will personally champion the important process of CWI Governance Reform, no matter how long it takes now that CWI has received and distributed such a pragmatic and do-able cricket-centric report from Senator Wehby and his team of highly qualified and experienced advisers,” Skerritt said.“Hopefully good sense will prevail, and CWI will show the world that we are serious about modernisation and improvement.”According to the Board paper, the first deadline is for the report reading and consultation process to be completed by Friday, October 16, 2020. But that would depend on the ability of Territorial Boards to effectively consult with their membership under the COVID-19 protocol group gathering limitations.During the same period, CWI will be seeking advice on legal processes and actions that would be required to implement the recommendations of the report. The Board paper also calls for final feedback from CWI Board members and Territorial Boards to be documented and submitted to CWI by the middle of November.Any resulting suggestions and decision-making, including actual resolutions for change of Articles, should be completed by November 26 and put before an Extraordinary General Meeting (EGM) which CWI hopes can take place face-to-face by the middle of December 2020. (Sportsmax)last_img read more