Flipping vs Fixing vs Investing
Posted by admin in How To Flip
I’ve just read Dan Melson’s article and I couldn’t have written it better myself. Here’s a quick excerpt:
A true flipper is looking for a quick turn on the property, usually without much work done to really improve the property. They don’t typically keep the property and rent it; they’re not willing to accept the work of being a landlord. They make their money off of desperate sellers and getting a very low price for a property. Typically, their profit comes from how far down they can drive a desperate seller.
A fixer is someone who is looking to make a profit by making the property more attractive. By making it more attractive, they are able to sell for more money. They typically sell when the renovations are done, although many will wait for a full year to gain better tax treatment. They do not typically rent the property out, although they may live in it while it’s being renovated.
An investor has the idea of buying and holding for a certain period of time, usually leveraging rent to make the payments, sometimes breaking even, preferably with positive cash flow, usually while eventually hoping to cash in on capital appreciation, but always holding for periods that start at two years and go up from there.
Housing Downturn May Signal a Huge Buying Opportunity for Investors!
Posted by admin in Property Investment
If economist Dr. Christopher Thornberg is correct (as I suspect he is) huge opportunities lie ahead in the coming five years or so for real estate investors. “What?”, you might say after watching the video clips from his lecture, “He’s predicting a cooling of the market — an outright downturn — so what makes this such a good time to invest in real estate?” Read the rest of this entry »
5 Effective Marketing Strategies for Real Estate Investors
Posted by Jared Lim in Property Investment
Having been involved in real estate investing for little while now, I’ve become very familiar with various marketing strategies. And along the way, I also found out which methods generated leads, and which ones didn’t.
One thing to note is that everyone will experience different results with their respective marketing campaign. Two different people in the same market could be doing the same exact thing and get very different results. Read the rest of this entry »
Pre-Foreclosures: The Millionaire Maker
Posted by admin in Property Investment
If you truly want financial freedom, now is the time to invest in pre-foreclosures. Yes, now is the time because foreclosures are at an all time high nationwide, and it isn’t going to get better any time soon.
Properly done there will be many millionaires made in this market for the next few years. It’s quite simply the law of supply and demand along with the knucklehead lenders that allowed the public to purchase properties of much more than they could afford. Read the rest of this entry »