Flipping Houses: Turning a Wreck into a Gem

About Me

Flipping Houses: Turning a Wreck into a Gem

Five years ago, I decided to start my own side business. Along with keeping my job as a construction worker, I decided to use my savings to purchase an older residence. The plan was to fix up the place and then sell it at a profit. It didn't take me long to figure out that while my side business would take up most of my free time, it would make me a lot of money. Today, I still flip three or four houses a year. My strategy developed through trial and error, and I've learned how to evaluate the potential of a property first, then buy second. I know what must be done in the way of exterior painting, making the place secure, and ultimately finding the right buyer. If you are thinking about trying this kind of sideline, read on. What I've learned will help you a lot.


Supply And Delivery Chain Optimization Tips

As a company grows, its logistics network can rapidly increase in size and complexity. This can make it far more difficult for the business to manage. There are third party logistic solution providers that can meet the needs of large companies with sprawling distribution needs.

Avoid Assuming Your Firm Must Handle All Of Its Logistic Needs In-House

It can be a common assumption among senior management that the firm will have to manage all of its logistic and shipping needs internally. Not surprisingly, this could be extremely expensive, but it is not necessary. There are a number of different third party logistic solutions providers that can handle all aspects of a business's supply chain. Whether it is supplying the firm with the raw materials it needs or shipping products, these services will be specialized to handle the shipment of these items in the most efficient and rapid manner possible.

Utilize Comprehensive Monitoring Of Your Logistic Operations

In order to fully ensure that your business's logistics chain is operating as efficiently as possible, you will need to be able to monitor the shipments as they are working through your logistics chain. Luckily, a third party logistics provider will typically provide clients with tracking and monitoring features. This can provide you with real-time information about the status of your shipments, which can be necessary to allow you to effectively plan your operations or to address problems that may have developed. Even for businesses that may not need real-time reporting of this information, periodically reviewing the reports from logistic shipments can allow you to identify inefficiencies, patterns or other issues that you may want to know about.

Be Mindful Of The Process Of Handing Off Products To The Logistics Service

When using a logistics service to handle the delivery of your products to customers or retailers, you will want to be mindful of the process of handing off the products to the logistics service. For firms with an extremely large volume of products that need to be sent, this can be especially critical. As you are evaluating third party logistic supply chain providers, it is important to consider the processes that the chain will use in this regard. Some may provide regularly scheduled pick-ups of products to be shipped while others may require the firm to schedule these pick-ups as they are needed. Also, you will need to review the recommended packaging steps that these providers will have so that you can be sure that your products will be ready to be placed on the truck when it arrives to pick them up.