Please don't call it "flipping."
Some real estate investors who practice the technique of buying property for immediate fixup and resale call it "flipping houses." I have never liked this term, for it strikes me as reference to a gimmick. It seems "flippant!" It sounds like crude tagging of a very noble undertaking. Fixing up cheap properties is raising values in America's housing! It is a profession of dignity. I think the makeover process deserves reverence for providing people with a better place to live.
Without proper maintenance, all housing deteriorates. You can find cheap houses everywhere in dire need of repair because of neglect and abuse. You can buy these depreciated houses inexpensively at a fair market discounted price because of their condition. You can often restore them to very near their original condition or even better with very little investment. And you can sell them at a fair value price that includes generous profits. The seller's marketplace for those who want and need good housing is always swelling.
You can often take a house that has "No Class" and transform it into "First Class" housing with only paint and carpeting.
And you can take your makeover another step forward with simple, eye-appealing extras to create a "Dream House," an "Ideal House," a "Doll House," and a "Model House." You will be very proud of your work with this kind of makeover, and the real estate investing process will give you tremendous personal satisfaction, in addition to a good income.
My end-result objective in creating an appealing makeover is to create a finished product that I myself would enjoy as a home. If I can be satisfied with the makeover, I know that buyers will find that same satisfaction. To me, the real estate investing profession is a grand endeavor that extends far beyond the financial rewards. I have owned numerous businesses over the past 50 years, but I know of no other business venture that generates more personal gratification and financial prosperity than real estate investing in makeovers.
Phil Speer, Ph.D., started his real estate investing career 25 years ago. Without the availability of credit and using only a $10 bill, he purchased $1 million in properties in his first year, and had accumulated $10 million in properties by his fourth year. http://www.CashinHouses.com/ He was featured in a Wall St.Journal editorial as most successful investor in the Nothing Down Real Estate Movement, and was honored with a Caribbean cruise as top investor of the year. In his hometown of Nashville, Tennessee, he has been a businessman and Human Resources Consultant for 30 years. He is an author, speaker and seminar director.
To learn how to profit in real estate investing, even without cash or credit, read his report at http://www.Real-Estate-eBook.com/in vesting/flipping.html/ Subscription is free to his Fix-up Ezine. He and other contributing authors provide free articles and resources on real estate investing at his online "Academy of Advanced Real Estate Investing Techniques" at http://www.AAREIT.com/
When buying and selling homes, the property purchase is often... Read More
Some call it the 30 second commute. We call it... Read More
One key that makes investors is conversation or should I... Read More
GOLF GRABS BULGARIA!At the present time there are only three... Read More
Maybe it has something to do with a childhood home... Read More
Property Investing: A Buyer's Secret Weapon When Purchasing Real EstateMy... Read More
For the past several years housing prices have risen dramatically.... Read More
The old adage that "timing is everything" especially applies to... Read More
Real Estate investing can be used to gain wealth in... Read More
For decades, the real estate world turned in a predictable... Read More
According to the National Association of REALTORS® (NAR), a record... Read More
The housing market is hot, and you've decided to list... Read More
Real Estate Agents play an essential, critical role in the... Read More
You've decided to prepare your home for sale. Whether you... Read More
Congratulations! You've decided to purchase a home. We all know... Read More
In the United States, less than 10% of all For... Read More
Many people believe that a real estate broker is needed... Read More
The Florida housing market has attracted many foreigners to invest... Read More
Styles of houses vary across the country. From the New... Read More
To avoid "buying a pig in a poke," buyers have... Read More
If you are anything like me, you are always looking... Read More
This discussion leans toward answering questions asked most often by... Read More
Real estate investing has become popularized today because of real... Read More
If you are looking for a steady, income-producing investment that... Read More
Once relegated to the classified advertising section of the local... Read More
Luxury homes are lots of fun to inspect. Sure, the... Read More
If you are considering getting involved in investment real estate,... Read More
Homebuyers, especially first-timers, may not think of asking about restrictive... Read More
If everyone always did everything they said they'd do, we'd... Read More
Is it your dream to one day own a holiday... Read More
Why would anyone accept a lease option, rent to own... Read More
How's the real estate marketing doing? Is the huge jump... Read More
Doesn't it seem like everyone you know has a friend,... Read More
A Powerful Suggested Technique for YOUR Home & Property Search... Read More
What if you want better cash flow from your rental... Read More
Is it your dream to one day own a holiday... Read More
Realtors are all a buzz about this new form of... Read More
Many people believe that a real estate broker is needed... Read More
You've found the perfect home, closed escrow and just finished... Read More
More and more individuals are realizing that real estate is... Read More
A bit about VeniceVenice, Florida was named by an early... Read More
In our fast paced and frantic real estate market, buying... Read More
Even in this hot real estate market, selling your home... Read More
The Log home industry has matured these last many years,... Read More
Howard Stern has over 20 property related files in Queens,... Read More
While most investors have got involved in property investing because... Read More
A new report by the independent Demos group has revealed... Read More
Property Investing Secrets:How to Sell to 100% of the Market... Read More
Of course, this is the big question in real estate... Read More
When you call sellers, what do you say? When you... Read More
Branding can be done to any product, or any person.... Read More
Have you ever wondered what it would be like to... Read More
So you've decided to take advantage of the booming real... Read More
Rental real estate is a solid way to make money.... Read More
Decide to Invest in Real Estate Foreclosure InvestingWith the increase... Read More
How did you get into real estate investing? Did you... Read More
This home selection checklist is a tool to help you... Read More
Cyprus is fast becoming a property hotspot for thousands of... Read More
Why should you do your own real estate inspection? To... Read More
Delaware, and the rest of the original British Colonies, has... Read More
Okay, let's take a look at the typical payout options:Full... Read More
Selling quickly is a high priority for some home sellers.... Read More
Suppose you've been trying to sell your home for months.... Read More
Every one should have a home inspection before purchasing any... Read More
Alphabet Letters after a person's name seem to bestow some... Read More
Buying real estate can start with a look in the... Read More
Real Estate |