subject: A Beginner's Guide To Flipping Real Estate Properties [print this page] A Beginner's Guide To Flipping Real Estate Properties
Do you want to make a decent amount of profit in the within the shortest time frame possible? If you do, you might want to try flipping real estate properties. In a nutshell, the term "flipping" in the housing business translates to the process of purchasing a property and then selling it for profit. It is usually carried out a very short period of time, which enables a real estate investor to earn money as quickly as possible.
One of the best ways to generate bigger profits when buying and selling houses is to look for bargain properties. Like the name implies, bargain properties are real estate properties being sold at prices way below their market value. Some good examples include foreclosed homes, real estate owned properties (or REOs), distressed houses, handyman specials, and fixer upper homes.
You can buy bargain properties from motivated home sellers. Veterans in the real estate investing business recommend securing investment properties from these sellers because you can be sure that you can get the full value of your money. Motivated home sellers are known for giving huge discounts when selling properties. Because they are in dire need to sell their homes due to a number of pressing reasons, they are likely o accept your offer no matter how high or low it is.
You might be wondering if there's someone who's willing to buy, let alone live in a dilapidated property. Actually, there are lots of people who want to buy distressed homes, which can guarantee a stream of profits for you when flipping real estate properties. As a flipper, you can sell bargain homes to your colleagues in the real estate investing business, who may be looking for houses that they can renovate and either sell or rent to the common folks.
If you want to earn bigger profits, you can add value to the property and flip it to conventional home buyers. This method of investing in real estate is also known as rehabbing, or simply fix and flip. Although it usually takes at least three months to complete such a real estate deal, you can be sure that you can pocket huge amounts of money once the rehab project is complete.
Looking for more information on flipping real estate properties? Go to www.RehabList.com. The website offers nifty hints and tips on flipping, rehabbing, and wholesaling properties. Visit RehabList for you real estate investing needs.
