flippinghousetips.com

Flipping house tips, ideas, and secrets that will make you big profits from your next

real estate project

Flipping Houses
Flipping House News
Flipping House Articles
Flipping House Finance

Flipping House News

Flipping Houses?

 

You could be facing financial disaster if you don't read this!

 

Renovating for Profit

 

Click Here for further information

 

 

 

Flipping or Fixing Houses for Profit

 

Jeanette Joy Fisher

Many real estate investors make $5,000 to $10,000 or more by flipping houses. These investors buy a home from a distressed seller and resell it quickly for a profit. Just because a seller has serious problems like a pending foreclosure or divorce doesn't mean the house is a fixer. Many distressed sellers offer prime houses in perfect condition discounted for a quick sale.


Distressed sellers jump at the chance to get out from under their overwhelming problems with an offer to close in ten days. To purchase a home quickly, you need to be prepared to offer cash or a have secure loan in place with a reliable mortgage lender.


Other real estate investors prefer to buy fixers from distressed sellers. Distressed fixers tender the best bargains to make the highest return on your money. For instance, if you put 5% down on a $200,000 home, spend $5,000 fixing the house up, and another $3,000 in payments, your cash investment totals $18,000. If you sell the home for a $70,000 profit like many rehabbers, you can see that your return on your investment of $18,000 for two months exceeds most other types of investments.


This investment plan assumes that you have the knowledge and skills, time to work on your fixer, and that you sell the house as soon as its finished to a qualified buyer. Home improvement centers help you with how-to classes, brochures, and advice. You need to give up your free time--TV, parties, leisure activities and work on your fixer. You could hire workers, but contractors and laborers work slowly and eat up your profits.


The last part of the equation, selling your house quickly to a qualified buyer means you need to do your homework. Many investors seek free help from a loan officer to price the house right and to qualify their buyers. These investors earn the sales commission by selling their houses by owner.


The most important issue, how you fix up your house, ensures that you quickly attract a buyer willing to pay top dollar for your transformed property. Investors using Design Psychology strategies for fixing houses sell their homes, for more than the asking price, three hours after putting the yard sign out.


Whether you want to make money investing in real estate by flipping or fixing houses, you need to understand your market. To get started in your real estate business, go house shopping. You'll soon learn how to pick up a flip or a fixer and be on your way to making a high return on your money.


Copyright (C) 2005 Jeanette J. Fisher. All rights reserved.


 

Jeanette Fisher, author of Sell Your Home for Top Dollar--FAST! Design Psychology for Redesign and Home Staging, teaches Design Psychology. She also wrote Doghouse to Dollhouse for Dollars and other books. http://www.doghousetodollhousefordollars.com


For a free report, "Design Psychology for Selling Houses," go to http://sellfast.info


Article Source: http://EzineArticles.com/?expert=Jeanette_Joy_Fisher

 

Additional Flipping House Articles

 

7 Simple Tips for Flipping Real Estate
Unless youve been living under a rock for the past few years, youve probably either dabbled in real estate yourself, or at the very least, know someone who has. So, how does someone thats brand new...
Sell Your Home For More With A Home Appraisal
If you are planning on selling your home, you should invest in a home appraisal. A home appraisal is not the same as a home inspection, but will give you a bit more clout when it comes to getting a good...
Flip Foreclosures by Fixing | Flipping them.
======================================================== Flip Foreclosures by Fixing | Flipping them. Part of 'Highly Effective Investing Tips' By Jeff Knize, CRA, ICAP member www.ForeclosuresandFlips.com...
More Return On Equity For Your Investment Property Dollar
Few would deny that real estate is a solid investment. It provides an attractive combination of stability, reliable cash flow, preservation of principal and capital appreciation. However, many investment...
The Sale Of Homes
If you are in the market for a new home you are in luck. The housing industry is at its peak and you will most definitely be able to find something that suits your needs. Whether or not you are looking...

 

 

 

Copyright © 2006 flippinghousetips.com. All rights reserved