If you look at a lot of flipped houses in the under-$400K range, a pattern starts to emerge in the look and feel. In the sea of beige, you might occasionally see something unusual, but for the most part, flippers follow the “what will appeal to the largest audience and cost the least” formula.
The Burns family
So when we saw the work of husband-and-wife team Eddie and Tiffany Burns, two Collin County house flippers, we stopped in our tracks. They break the mold by buying and flipping houses in the $275-$350K range that have remarkable style, memorable amenities, and not a hint of boring beige anywhere.
“I do the design and I try to make it look like I would live in the home,” said Tiffany, who is a Realtor and broker with Keller Williams Frisco, as well as an interior designer. “If you spend just a little bit more, you can make it look so much nicer and people feel like they got something nicer than a standard [flipped house].”
Eddie is an adjunct professor of negotiation at El Centro and for the SMU Masters program, as well as a seasoned home remodeler. He has previous experience working for national new homebuilders.
“We’ve both been in real estate industry for 10 years and we’ve seen ups and downs and we’ve seen people be successful with this,” Tiffany said. “With the market the way it is, we thought we’d try it and it has become our main business.”
The couple bought, renovated, and sold their first Collin County house in September 2015, and have seven under their belt. Two are currently under contract, one is listing this week, and one will list in three weeks.
The goal? Twenty flipped houses this year. They’re well on their way.
“Eddie and I we like helping people—the first five years we were in real estate, we did primarily first-time homebuyers and we’re driven by making a difference in someone’s life, especially someone starting out or a young couple,” Tiffany said. “That’s part of the payback and most of our homes are in that price range.”