House Flipping

Archive for October, 2009

Have you ever gone past a house and thought to yourself, “That place has potential! With a little work, it could really be worth some money.” Do you have a burning desire to fire your boss and be self-employed? Once you learn a few tricks of the trade, you too can make money investing in real estate with a minimum risk level.

If you’re sick of scheduling hours and hours of overtime just to find yourself breaking even at the end of every month, consider flipping real estate part-time. Before you jump in with both feet and start flipping estate for a living, weekend home investment is a great way to find out if real estate investing is right for you.

While it is true that

Most likely the last thing on a real estate investor’s mind these days is flipping a house. The housing market is soft and inventory homes are at a national high. MSNBC recently reported that if all homebuilding were to stop in the U.S., it would take more than 10 months for the nation’s inventory homes to sell out. Times are tough for sure, but that doesn’t mean there is not money to be made.

Flipping houses is a money-making strategy investors have been using for decades. It generally involves purchasing a home and reselling it for more then the purchase price. During the housing boom in past years, flipping was exceptionally easy. Investors could pick up a new or used home and flip it in a matter… Read More

When you start looking for ways to make the most of your budget while flipping a house, it’s best to start with the basics. You will have to spend some money, but if you set aside personal likes and tastes and instead put yourself in the mind of the buyer, your return will far outstrip your investment!

There are seven main areas to concentrate on when you are in the process of flipping a house:

1. Choosing the right home. If the home only has cosmetic problems and is in a popular and desirable neighborhood that’s a good choice. Stay away from homes needing major repair and/or are in nondesireable neighborhoods.

2. Hire a home inspector. Once you have found the house that fits your criteria make sure you… Read More

Realtor vs FSBO? That’s a good question. I contemplate the question every time I put up a house for sale.

Should I sell my home by owner or hire a real estate agent? Thats is the million dollar question. If you have little to no experience with real estate transactions, I would recommend hiring an real estate agent. Even if you are experience with buying and selling houses, hiring a real estate agent has its advantages. They will handle all the paper work, advertisement, and dealing with the potential buyers. I have sold many houses in different ways and I still use real estate agents. However, the location of the home does make a factor. If the home I’m selling is in a hot spot then the… Read More