subject: How to Flip Houses and Come Out a Winner [print this page] If you want to know how to flip houses, that would be easy. But if you want to know how to wholesale or rehab houses and come out a winner in your first ever deal, that's a different situation. There are various things you must always take into consideration when flipping houses and this article will hopefully remind you what these things are. Read on and learn some new stuff about real estate investing.
Concentrate on buying. What many first-time home flippers don't understand is that the secret to successful career in real estate investing is actually acquisition. In simpler terms, it's the "buying" step that matters most. Think of it this way: if a deal in this case the property is so good, it will have a buyer. If you have that property, you will have a buyer, you will have a deal, and you will have profit. So is you want to know how to flip houses the right way, learn how to buy houses. Make your offers as low as possible and ensure that you only acquire properties that are undervalued and have a huge potential to sell.
Don't mess up the estimation. Flipping houses also requires skill in estimating repairs. If you're not good with it, learn it or hire someone who will do it for you. Whether you're doing a wholesale or rehab, estimating repairs is a huge factor. Investors are only able to determine how low their offers will be once they know how much repairs the property will need. You never would want to underestimate repairs because doing so will cause a lot of trouble later on.
Intensify your marketing. If you ask a veteran how to flip houses and come out a winner, he'll tell you to intensify your marketing. That's because a business is not a business unless you market it. You should let people know that you wholesale or rehab houses. By increasing your time, effort, and investment in marketing, you are also raising your chances of finding deals and making money. One good way of intensifying your marketing? Try to establish your presence online. For most people today, the Internet is where they find everything. If you are visible online, you are making yourself more susceptible to success.
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