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sofkins

 
Member Since:
03/13/07
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From:
New York, United States
My Tags:
real, estate, investor, flipping, houses, flip, a, house, investing, investor, foreclosures
Real Estate Investor

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Top 10 Tips for Flipping a House

By sofkins Main_medium


Buying, renovating and selling a house for profit, known as house flipping, is the latest buzzword in real estate. There is no magical formula to ensure success at flipping houses. However, there are essential tips to help investors earn more money.

1. Do not get emotional about house flipping. It is after all a business. If the numbers do not work, proceed to the next property. Some investors commit the mistake of being too attached to the flip that they sell at a high price and end up holding the flip longer thus reducing profit.

2. First impressions count. Pay attention not just to the inside of the house but the outside as well. You cannot show off all the upgrades » READ MORE

May 24, 2007
0 comments  |  5771 views
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3 Stages of Buying Foreclosures

By sofkins Auction_large

 3 Stages of Buying Foreclosures

The strategy of buying pre-foreclosures is to create a situation where everyone wins. This type of strategy involves just you, the homeowner, and in some cases the lender. Because the homeowner has been delinquent on his or her mortgage payments, they are now in a position to entertain offers made by investors. Keep in mind, you may not be the only investor looking at this property. However, when buying pre-foreclosures, you can expect very little competition. When buying pre-foreclosures like this and in turn make a profit, you must do some research on these types of properties. The following are some basic guidelines:
  1. locate loans in default,
  2. evaluate each property by comparing and contrasting » READ MORE
April 19, 2007
2 comments  |  2956 views
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sofkins

March 15, 2007
I personally done 4 flips. I am looking into renting sometime soon, looking for the right property.

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