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Secret to Successful Home Flipping in Any Market  


Article by Irwin Rogers









Secret to Successful Home Flipping in Any MarketAs a successful real estate investor, I’ve worked in up markets and down markets. I have literally seen it all when it comes to real estate investing. I teach my students to handle the ups and downs of the market by teaching them the ins and outs of real estate investing. And although my process has helped many students earn millions of dollars, and although I sell my consulting services to students, I am going to tell you briefly what one of my secrets is.In my actual real estate investing practice, I have my own processes and systems in place to help me profit by flipping homes. But if I were to simplify the process for this article’s readers, I might roughly divide the process into 3 distinct parts: Part 1 – Finding the right house to invest in. Part 2 – Buying the house. Part 3 – Selling the house. There’s no way that I could adequately cover everything in this article so I will talk about the second part only: Buying the house.In down markets, the secret to buying a house is to negotiate a discount. The houses you’ll want to invest in during bad economic times like ours are homes where the owner is facing the prospect of foreclosure. (That doesn’t necessarily mean that they are in foreclosure; they’re just facing the prospect of it).Assuming you’ve found a house and the owner is interested in exploring his or her options, this is where the process switches to part 2 – buying the house.Ultimately, you want to negotiate a discounted price for the home. This isn’t done with trickery or subterfuge, it’s done honestly and openly and with all of the facts on the table. I use a questionnaire and the homeowner and I walk through it together to see what the house is like and to explore what kind of work will need to be done by the buyer (which might be me or it might be someone I flip the house to).It’s important at this stage to keep the homeowner’s best interests in mind and to always remember that they just want to exit the home with dignity and without a negative credit rating. Remember: you are helping them by providing a service – a fast, painless exit from their mortgage commitment.That really is the secret to succeeding at part 2 of the process. By remembering that the homeowner is a human being and by helping them to hit the “eject button” and get out of their home before it is foreclosed, you will help them feel good about a negative situation and in turn, that positivity in the deal can help you profit even more.Investments should be win-win. And real estate investors who keep this one secret in mind during the process will enjoy more successful deals.Want to know more house flipping tips.



About the Author

Irwin Rogers writes regularly about business related topics. I hope you enjoy this article.











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