Affordable & experienced attorneys who serve Cook, DuPage, Kane,
Kendall & Will Counties
free legal consultations
Call us at:
illinois real estate law consultations

Flipping Houses to Fund Your Education: A Guide for Adult Students

Why You Should Consider Moving to Business-Friendly Chicago

Photo via Pexels

Flipping houses can be a great way to fund your education as an adult returning to school. Not only can house flipping provide a steady stream of income, but it can also help you gain valuable experience in the real estate industry! Of course, flipping houses is not without its challenges, and it's important to have a clear plan and strategy in place before you start. This guide will walk you through the process of flipping houses to fund your education, from finding the right property to financing your flip. 

Consult a Few Professionals

Consulting professionals before flipping houses can help you avoid costly mistakes and ensure that your flip is a success. For example, a real estate attorney such as Zara Law Group can help you navigate the legal aspects of the flip, including reviewing contracts, providing advice on zoning and building regulations, and assisting you with any legal issues that may arise. It’s also important to talk to a real estate agent, who will provide valuable insight into the local housing market and offer advice on pricing, staging, and marketing your flip.

Finding the Perfect Properties to Flip

Choosing properties with good flipping potential is crucial to your success. Consider several factors, including the level of repairs or upgrades a property needs as well as the desirability of the surrounding neighborhood. Be sure to consider the current state of the housing market in the area to determine whether the property is likely to rise or fall in value. To find potential properties, Fit Small Business suggests checking online real estate listing sites, talking to real estate professionals, searching public records, and networking with others in the real estate flipping industry.

Create a Website to Advertise Your Properties

Creating a website will give you a platform where you can showcase your properties and attract potential buyers. You don’t have to spend much time or money on this. Just keep it simple! Build your website on a user-friendly website builder, include detailed property information for each of your homes, and use high-quality images. You could also include eye-catching infographics on your website to convey information about your properties. If you want to design your own infographics, here's a possible solution. Just choose a template and add your own text, design elements, and brand colors.

Clean Each Home Before Listing

A clean and well-maintained home can make a big difference in attracting potential buyers and getting the best price for your property. Fortunately, it’s much easier to clean a home you haven’t been living in. After completing any necessary upgrades and renovations, you’ll just have to do a lot of dusting and vacuuming. Make sure you know how to maintain your vacuum for strong suction to make quick work of cleaning. If your vacuum loses suction, there may be a clog in the hose, or the canister may be too full. Consumer Reports recommends emptying the canister after every use, cleaning the filters often, and checking the hose regularly. 

Financing Your Flip Through Loans and Investors

There are many different financing options available to help you secure the capital you need to purchase and renovate a property. A traditional bank loan is a good option if you have a strong credit score and a track record of successfully flipping houses. If you already own a home, 

You could also take out a home equity loan to finance your flip. Otherwise, private investors may be willing to invest in your flip in exchange for a share of the profits. 

As an adult student with some life experience under your belt, you could be in a great position to flip houses to fund your education. Consult the right professionals, know how to spot a flip-worthy property, set up an eye-catching website, and find a financing solution that works for your situation. With the right approach, flipping houses can be an excellent opportunity to fund your education and get some real estate experience!

Before you start flipping houses, talk to a legal professional from Zara Law Group. Schedule a free legal consultation on our website today!

Flipping houses to pay for education, flipping houses tips, flipping houses guide
About Our Office
Learn more

Our Legal Services

  • Legal requirements of flipping homes
    Free consultation

    We offer free in person, phone & virtual consultations. We give you the flexibility to learn about us, while learning how we can help you with your legal needs.

  • How to get started flipping homes

    Our attorneys have experience in every area of law and have assisted many clients with their real estate, business, bankruptcy, immigration, probate & family law needs.

  • Illinois Real Estate Law Articles
    Time & money

    Our attorneys will help you take the time & expense out of your personal & business legal matters. Our goal is to help save you time and money getting it right, the first time.

Thank you! Your submission has been received!

Oops! Something went wrong while submitting the form

Experienced Commercial & Residential Real Estate Attorneys

Finding the right attorney doesn't have to be expensive & time consuming. You tell us what you need, and we accomplish your legal needs efficiently & affordably.

Learn more
Real Estate Legal Articles

Corporate Services

Our corporate attorneys gave experience in all business sectors to fulfill your corporate needs from accounting, employee agreements and contracts to sales training and buying & selling opportunities. Get the best attorneys for your corporate goals.

Real Estate Law Blog

Legal Services

We have attorneys in Woodridge and a network of attorneys across Illinois and the country that can handle most business & personal needs from family & estate law to business, real estate & civil matters. Our attorneys are efficient, affordable and effective.

Real Estate Law Resources

Real Estate Services

From family homes to multi-million dollar luxury homes & corporate headquarters, our real estate attorneys will handle your real estate needs and get you the best terms on your real estate purchase, tenant agreement or rental contract.

Vigilantly Monitor Financial Accounts

Discover essential strategies to protect seniors from financial abuse. Learn about the latest scams, cybersecurity measures, and more in thi

Learn more
Motorcycle Injury Representation in Court

Discover the critical information every motorcyclist needs to know about accident risks, legal rights, and the importance of seeking expert

Learn more
Things to Consider Before You Become a Real Estate Developer

The real estate market continues to be hot, and professional real estate development, especially when building multi-housing units, is a gre

Learn more
What Does An Attorney Do During a Real Estate Closing? What Does An Attorney Do After a Real Estate Closing? What Does An Attorney Do before a real estate closing

There are a lot of details that go into any real estate transaction. While it can be anticipated that purchasing commercial property is a le

Learn more
Illinois Legal Articles & Information
View More Articles