One of the most common methods to fund a fix and flip project is to request a short term hard money loan. The professional house flipper is looking for short term capital to buy, rehab and sell the property quickly. This type of lender fulfills this need as they are most interested in a secure … Read more
The saying goes “you need money to make money”, fortunately that’s not really true in real estate. It sounds like a good idea to use your own money to buy, rehab and sell a house. You handle 100% of the price and repair costs and when the house sells you get 100% of the profits. … Read more
The books, videos and seminars make it sound so easy to fix and flip a single family home for a big profit. It seems there is always a middle class dressed professional marketer telling us how easy and fun it is to purchase property and turn it into a profitable business. With my research I … Read more
Flipping a house is buying the property for the lowest possible price, repairing and selling it a profit in a short amount of time. Careful consideration needs to be applied to finding and pricing the property and repairs so a profit can be made. Is it all talk and made up television shows or can … Read more
Flippers who are just starting out or inexperienced flippers may struggle with securing funding for their first purchase especially if they are unable to apply for credit, have bad credit, cannot apply for short term loans and do not have a large income to accommodate. Flipping a house requires money to purchase the home, pay … Read more
The first house flip is the most mentally tasking because the steps, even if well defined, seem so new and daunting. On the checklist for flipping the first house are things like finding properties, making offers, negotiating with contractors and Real Estate agents and finally selling the property. In all of this the largest worry … Read more
On any home improvement project one of the most common thoughts is how can I save on on that appliance or labor or whatever. When flipping houses cost and cost overruns can directly affect the profit if there is nobody keeping an eye on them. Over time the house flipper will be able to estimate … Read more
If we were to consider everybody who sells a real estate program as completely honest in their marketing, flipping houses would be the “no non-sense”, “big money”, “work from home”, “get rich quick”, “no money down” method we are all looking for. As a beginner these marketing terms are great for selling books and training … Read more
The Real Estate market provides more than one opportunity for investors to make money. When considering starting a business to invest in real estate the question will arise whether to rent the property or flip it and take profits. There are pros and cons for both techniques and it also depends on the goals of … Read more
My house value is a common question for the home owner as well as the real estate investor. Many investors tend to get the pricing incorrect and this directly affects the profit at sale time. Homeowners would like to get the maximum fair value for their property. For any property transaction, calculating the comparable value … Read more