What good/bad experience has anyone had with flipping houses?
I’m thinking about making an investment in houses flip and want to know what they have been successful. Also, what are the consequences regarding taxes – this would be for the state Norte.Gracias Carolina.
Check out the show sweat equity. You see good and evil. Also, flip the house.
with the housing market for their part, and the credit crisis crucnh. . . . Are you crazy???
It takes a great deal of knowledge to make money doing it. Do you know the cost of rehabilitation of a house? It should be added in selling costs and the conclusion of this costos.Deja professionals.
Here in North Carolina, I have had several clients who have succeeded in flipping houses. The key is to identify the homes can rehabilitation with minimal cost. This usually requires you to have some ability to fix the house after purchasing it. Many of the recent executions and minimal damage banks and finance companies that own them want to leave them alone. Short selling on these terms comunes.En are the tax consequences officially say consult your accountant, off the record, looks about 15% of the profits of the house if you sell it and it was not their main residence 2 of the last 5 years.For the NAY-Sayers who think the housing market is bad, read the last paragraph of every story. This is the section that says North Carolina, specifically the Charlotte and Raleigh areas, are experiencing a housing boom. Our housing prices have risen around 8% this year and sales numbers continue to rise. In short, this is not Detroit.Esperamos that this information helps. Shoot me an email if you need any other information-brianm @ lakenormanrealty. com