Guidelines to Flipping Homes

Posted by admin in How To Flip

At first glance or to the uninitiated, this may sound funny. Some flip burgers and some flip “houses?” As you read further you’ll find that it is a whole lot more profitable. Owning their own home is the dream for many, if not all Americans.

Sometimes through unscrupulous bankers and mortgage lenders people are convinced to buy homes they cannot really afford. A few years down the line, the home they have grown to love has them in debt that they can’t escape from. Their house goes on the market (the real estate market) at a price that is well below what it is worth. The family is left in bankruptcy. Read the rest of this entry »

10 Tips for Successful Real Estate Flips

Posted by admin in How To Flip

Plan, Set a Budget, Review the Market - Keys to Successful Rehab for Resale

Flipping can be a means of making a handsome profit in real estate in the short term. However, by improper planning and impulsive actions, your potential gains may become certain drains.

Tip #1. Know your market. Unless you practice real estate regularly, or have been in the rehab business, this will take time. Consult a real estate professional to learn what the going market for your target properties are. For example, choose what type of homes your going to flip, i.e. single-family homes, condos, two-flats, and see if how the market is treating those particular properties. An agent will also help you locate under market value homes of potential. Read the rest of this entry »