subject: How To Flip A House: Tips On Buying And Selling Properties For Profit [print this page] Do you want to make money in real estate but dont know how to get started? Youre in luck because this article will teach you one of the most popular ways to build a strong real estate empire.
The process of flipping houses is considered one of the most basic ways to generate positive cash flow in the real estate business. For the uninitiated, flipping is simply the act of buying properties with the intent to sell them for profits.
If you want to know how to flip a house, first youve got to familiarize yourself with the three ways to buy and sell properties. The first method is called quick flip. In this real estate investing strategy, the real estate investor purchases an investment property at a discounted price and then quickly resells it to an end buyer at a slightly higher price.
The second method is called fix and flip, or rehabbing, In this method of buying and selling houses, a real estate investor adds value to the house he is going to flip by doing some renovations and general repairs. Unlike when doing a quick flip, it usually takes at least three months to complete a fix and flip project but once the renovations are complete, a real estate investor can earn bigger profits.
Another way to flip houses is by wholesaling them. In wholesaling, a real estate investor doesnt have to buy the property itself just to make money from it. All he has to do is to place it under contract and assign the contract to an end buyer, who will ultimately close the transaction. So basically, the main task of a wholesaler is to act as a middleman between a home seller and an end buyer and facilitate the completion of a real estate deal. Once the transaction is complete, the investor can secure an assignment fee, which is usually worth around $5,000 to $15,000.
Meanwhile, if you want to succeed at your chosen real estate investing niche, youve got learn how to flip a house properly. As the saying goes, knowledge is power. By possessing proper knowledge on how to buy and sell houses for profit, it would be easier for you to generate positive cash flow and earn tons of cash.
Do you want to get more hints and tips on how to flip a house? If you do, just visit www.RehabList.com.
