My Sim started on Sunday and now it is Friday evening. What is the next step? Do I choose to Move Out and sell the furniture? How do you calculate the profit? Unfurnished house 8,436 now shows 21K in build mode. Do I use that to calculate the difference and log as profit?
The next step is to move out and sell furniture.
For profit use original property/house price and the house value before moving out and your profit is the difference. (Furnished/completed House value minus original property price= Profit) so yes that would be the correct way to calculate your profit
Hope you are enjoying the challenge so far :-D
Thank you for the clarification. This is fun!
The #Flipper lots are created on 20x15 lots and under 20K starters furnished with only a bathroom. Are the required to be placed on a 20x15 lot to be flipped? Can they be put on a 30x20 for the transformation? For profit purposes it would most likely be better to be on the 20x15 size. :)
The first flip is the only one that must be placed on a 20x15 lot and that is mainly due to the budget/Starting funds. The lot size of any flips after that is entirely up to you. :D
When going back to do a second flip do I start the lot the way I left it? Or restart with the original pre-flip condition? :)
As long as it is unfurnished when placed again it's your choice (any structural changes and landscaping can be kept)
You seem to be enjoying the Challenge. I'm ReallyHappy. :-D
Having a BLAST :) Moira McSage just had her adult birthday. She is just starting her 5th flip. Profit §172,093 at the beginning of this flip. ALMOST made a fatal error (in my eyes). Forgot to sell the furniture from Flip#4 when I moved. Luckily I decided to save after each flip.
ALSO, how do I share my flips for this challenge. Do we post our progress? Is there a winner/loser to this challenge? Or do we merely just challenge ourselves?
I am having a hard time wrapping myself around this challenge. SO I download at #Flipper. Then I place it on a 20x15 lot with my 1 skill deprived sim. And as my sim makes money I improve the house. But when do I sell the first flip? Is there a certain time frame to it? Then once I sell that flip where do I get the second flip from? I am excited to start this challenge but a little confused about the process. It's my first time.
Here is a sample of my schedule:
Move In Day Sun Dy01
Move out Day Fri Dy 06
Move In Day Fri Dy01
Move out Day Wed Dy06
Move In Day Wed Dy01
Move out Day Mon Dy06
Move In Day Mon Dy01
Move out Day Sat Dy06
Move In Day Sat Dy 01
Move out Day Thurs Dy 06
Move In Day Thurs Dy 01
Move out Day Tues Dy 06
Hopefully that will give you an idea :)
LOL! OH 6 SIM Days! That makes so much more sense. Thank you.
Thanks for your Help EQ :-)
There is no winner/Loser the Aim is to merely challenge yourself and have fun :-D
* Sell the house on the morning of the 6th day
* The second flip can be another #flipper, an existing lot from the game or any house from the galley provided they are unfurnished prior to moving in
Hope this helps :-)
It's cool that it's a personal challenge but I kinda wish we had a place to share our images of our house before we sell it, and a place to share the life of our poor sim. :)
Sharing Thread Added to the forums. http://forums.thesims.com/en_US/discussion/850242/that-flipped-house-challenge-share-your-progress?new=1
Thank you for the forum thread. This is such a great fun challenge I am seriously considering doing it again.
So my mom and I are working on this and her questions are confusing me lol...so is it possible to have a loss? If so, how does it happen?
Hi Kira. yes it is possible to have a loss if you spend more money improving the house than you earn when you sell. for example if you buy the house for $10,000 buy $5,000 of furniture and sell it but it only sells for $11,000 theirs your loss. Furniture tends to lose value after being placed in the home for a while so the best way to make profit is to add things like paintings your sim has made and maybe place the furniture right before you sell
Here are some great tips from another Great Simmer EuphorialQueen
*Buy low - Sell High which is sort of how this works ;)
If you are moving on or near Monday place only basic needs items. Once the bills are paid then you can do major upgrades / remodeling.
Save time by creating small rooms that could be placed and customized to fit the house.
I did this then saved them to my Library and a few to the Gallery. Then I could just plop them in place. Some houses already had good bones (structure) and just needed a tweak here and there to maybe add a patio or basement or second bath.
* You can buy higher end items if you like to increase property value but they depreciate quickly.
My Artistic Sim used her Painter skills to contribute to each property. Painting lots of small pieces yields greater value that a few larger pieces. Each lot had at least one wall dedicated to placing her paintings. I decorated with Mid Range items to provide necessities and some skill items. The paintings made up a healthy portion of the value.
* I used the phone to move my Sim in-game instead of Manage World.
I saved my game right before each move which was a good thing.
Each time I saved I used a new name like Flip 5 or which ever number of that flip.
One of the moves I forgot to "Sell the furniture".
Luckily I realized my mistake right away when I looked at the Household Inventory and saw all this furniture!
Yes I could have sold it but instead I just went back to the previous save.
I also used the calculation: Current lot info value - original lot value info = profit made
The Scoresheet is very helpful to track progress and moving/flip day.
Hope this helps have fun and Happy Simming!! :-)
Thank you for the mention.
I love this challenge and found it great fun. :)