How a First Time House Flip Went Bad

Posted by admin in Case Study

Let’s call him John. A bright and hard worker just trading time for dollars at his regular job. His first house flipping experience could have been a lot better.

John was watching “Property Ladder” on the A&E network one day and got the bright idea to flip a house himself. After all, those people were making money. A complimentary show “Flip This House” confirmed that money could be made, lots of money.

If you haven’t seen Property Ladder, it’s a television show that features first time home flippers. Usually in that show the inexperienced flipper, egged on by Kirsten Kemp, make almost a year’s salary or more by fixing up an old house and selling it. Kirsten Kemp is a veteran of flipping houses and is a bit too pretty to be mistaken for Bob Vila. Read the rest of this entry »

Flipping a Foreclosure

Posted by admin in How To Flip

Buying low and selling high is the key phrase with real estate purchased for the purpose of flipping. The most important part of that phrase is “buying low”. With a foreclosure there are three times a purchase can be made. Read the rest of this entry »

Flipping A Rehab House

Posted by admin in How To Flip

What is “flipping” a rehab? It is making an offer on a fixer-upper, and then selling the contract. It can mean fast profits with little risk, and very little money invested. The downside? You may make less profits than if you fix it up yourself, and can spend a lot of time looking for the right properties. Read the rest of this entry »