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House Flipping And Armando Montelongo  


Article by Armando Buttafuco







San Antonio, Texas is home to Armando Montelongo and his Flip This House family. Along with the rest of the reality show San Antonio team, he gives tips and strategies on how to successfully flip a house.

Even before he and his wife got busy co-hosting Flip This House, Mr. Montelongo had already founded Montelongo Worldwide Inc.; and was already busy making a living out of house flipping.

It all started when he found himself flat broke, unemployed, and with a family to provide for. Realizing his responsibility, he turned to the real estate industry to try and change his luck. Having an open heart and mind, he was open to all that life had to teach him. He can say that he made it.

Let us now take a closer look at what House Flipping is really all about. House Flipping is actually a modern term for a business that has been in existence for decades. Put simply, it is the art of buying a property, remodelling or renovating it, and then selling the property for a profit.

Although it sounds so simple, house flipping does need a little more than just enough money to buy your first property. It requires knowledge of the industry and updated fair market value. Of course, nobody can discount whats learned from experience. Having great negotiation skills will go a long way too.

Here are a few tips on how to be a successful flipper. Know when and where to buy property. As Mr. Montelongo suggests, make the most of foreclosed properties. Make the necessary repairs and improvements, but limit it to that. Applying unnecessarily expensive fixtures, will just increase your overhead cost; therefore lowering your future profits.

Consider not just the outside, but the inside as well. Check the plumbing for leaks. Inspect the area very well. See if you will need pest control. Remember, it does not stop at contract signing. It is important that your clients will appreciate the property you have sold them.

Lastly, know how to price the property. Never be greedy. Especially for someone who is just starting, the faster you can dispose of a property, the sooner you will be able to start flipping another one. Aside from earning from his real estate company and the TV show, Armando Montelongo is also selling E-Books on how to make money through House Flipping



About the Author

Armando Buttafuco is a self proclaimed expert on Armando Montelongo. To get more information on this house flipper visit my blog here.


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