Welcome to podcast with Trish and Heather. Today we'll be discussing Our First FLIP. This is a real property flip which will be done and documented in real time. 

We will be using each step in our First Flip Formula to do the flip. The course is a combination of our 25 years of professional experience as designers and our personal journeys in property investment, renovation and flipping. 

Our Why

• Doing a renovation project together with our families

• Show that busy working mums can do a flip as a side hustle

• Showcase our expertise

• Make a profit!!!

Key Points for Success

• Cosmetic renovations only

• No big changes to the structure of the house

• Renovations are not too complicated (kitchen and bathroom only)

• Renovations are targeted for our potential buyers.

• Aiming to keep renovation costs to a minimum

Risks 

• What’s inside the walls (bathroom and kitchen)

• What’s under the carpet and vinyl

• Unexpected costs and delays in the renovation process (Christmas/ New Year)

• Surprise costs

If you are not sure how to start a renovation or FLIP, we encourage you to invest in your education first.