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Flipping Houses Vs Flipping Tickets

As many of you, I’m always looking for new ways to make money. Like many of you, I searched on several occasions in various fields. For example, I have several pieces of real property. Currently I own and 15 years. I see no reason to believe that it will be for the next 15. I have bought and held a property for years and sold when I thought the market was right or wanted to avoid having to put $ 10K in it for the next tenant.

I’ve always struggled with making a decent return in the House of Flip. Buying and maintaining the right has done for me. It seems that no matter what, then is a house, the owner is not foolish enough to sell me 50 cents. When I could buy at the market, the cost of improvements ate my earnings.

The route of foreclosure was not much better. These auctions of exclusion seem to attract a crowd enough these days to raise the price of nearby market.

Although I have a preference to buy and maintain, anyone who hears me I want to invest in real estate here on my experience in regard to the houses of flipping.

“How many have you bought and sold this year?”

“Ah .., But none I did last year and hopefully held onto it.”

“No, I did the right thing. Where are you watching now? “I can go? ”

People love the cover. Everyone wants to flip a house. I can even watch cable TV shows about flipping houses. If you are a house flipper – the power to you. I do not like the pressure to act quickly. I like that take place in a property and obtain a better performance.

I want to flip something, I have a better idea – sports and concert tickets. Half of you said to yourself “Ticket scalp? And others have asked” Is that legal? “. Yes and yes are the answers fast, but let’s look more closely at the concept and the ability to money.

resale of tickets has a bad reputation. Somewhere I have it embedded in our minds that we have an inherent right to purchase tickets to our local computer or on a concert directly from the source. Anything that prevents that is an attack on our basic human rights. Hogwash. As an entrepreneur, you have the right to seek markets where there is a limited supply of a product and demand exceeds supply. Check the requirements.

Still not sold? I thought some of you need more. I brought up the stage turning the house for a reason. People love the house top. Buy at market value, a slap in the paint and sells more than market value. The value of the house flipper brings to the table is being updated curb appeal. “I have not met a fin home but wanted to improve the heating system. Now what is what is closest to satisfy a basic need – shelter or baseball tickets? Not at all.

Please do not read this wrong. I am not attacking speculators. I love real estate speculators. I have and do it again. But the general public loves and hates house fin fin ticket. One is a foul and fills a need.

We now expect most of you have made the mental change is right to turn tickets. Let’s cut to the chase and talk about how some people are making money with this and why this is a good thing to consider.

Let’s start with the reasons for this is a good market to jump to

low barriers to entry – you can choose a hot concert tour of the country to buy tickets for a few hundred dollars and sell them online. It is not unknown for a 20-50% return on a deal like this if the show is very popular. While you might not retire on a few hundred dollars profit, there is always someone who turns can get some tickets. Not a lot of industries offer an ability to enter and leave quickly without much cost.

Quick inventory turns – If you buy and sell tickets for concerts, it is possible that the celebration of its inventory of about three months on the long end. Like sports? If you are working with sports tickets you can keep for six months. Anyway, when you’re 20 – returns 50% within two months to six, the annual yield is much higher.

Many retail locations – there are several places to sell their tickets online. Each has advantages and disadvantages. eBay, of course, seems to have the most volume, but you have to deal with your own shipping, listing fees and eBay buyer expected to decide not to buy, after all. StubHub seems to be the leader of the pack in the crowd did not eBay. They have completed more than 12 million transactions. The rise in fees to eBay but include shipping charges, only charge a fee when something sells and care for all those people unpleasant change your mind about the purchase of your product. RazorGator is another place that is modeled on StubHub. They simply do not have much traffic.

TicketNetwork EventInventory and each has the high volume, but the sites are tailored to the ticket broker full time instead of the person doing this on the side or a novice. Finally, if you want to scrape the bottom of the barrel and do extra work for you, you can always send your inventory on Craigslist.

Is it legal? – While there are some restrictions in some states – everywhere it is fair game. For example, if I live in New York and the venue with capacity for 6,000 people, the only thing that can make the ticket up to 45%. If I do not live in New York, the ticket I can sell any amount I choose.

The laws on this are old and are written to keep people away from the sale of tickets outside the stadium. In an online world are simply outdated. There is a trend in state legislatures to facilitate compliance with those laws. With a market size of U.S. $ 12 trillion dollars, which go eBay and StubHub have hired some lobbyists to help ease up on the laws.

Flipping the ticket is a good place for an entrepreneur to look at making some money. At least compared to flipping houses, has a lower initial cost, higher profitability and faster turnover. Everything you want in a business.

If you want to dive solo off the deepest part or get help from people who have been there. Such assistance is relatively inexpensive and provides high value, regardless of where you get it from. Definitely cheaper than a real estate attorney.

Greg is a owner of an IT services company and several other businesses. He has used his work ethic and determination to meet his personal and financial goals. His is constantly on the look out for new opportunities. For more information on ticket flipping, please visit http://www.MyTicketBiz.com

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