sofkins's blog
Top 10 Tips for Flipping a House
By sofkinsBuying, 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 mist » READ MORE
3 Stages of Buying Foreclosures
By sofkins3 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-forecl » READ MOREBuy Properties Up To 90% Off Market Value
By sofkinsBuy Properties Up To 90% Off Market Value
If you want to buy your own home, there's no doubt that it can be expensive. But there are ways to buy yourself a property at well below market cost. How? By buying a seized property.
Every year, thousands of homes end up in foreclosure. Usually this happens because the owner has failed to make their mortgage payments to the lender. So the l » READ MORE
My first flip
By sofkinsHere's is my story. Finally, I found a "motivated seller". I negotiated a lower price and wrote an offer in ONE day. The seller didn't want to sign my contract because he was getting calls from investors while I was sitting in his living room. I told him either we do the deal now or I walk away...he signed and I gave him a hundred dollar bill. Funny thing is that I almost lost this opportunity when I answered the call. I received the cal » READ MORE
A Beginner's Guide to Flipping Houses
By sofkinsIf you're dreaming of making money in real estate, it's time to stop dreaming and get to work, because making money in real estate isn't just a vague pipedream. It can be done, even by a young and inexperienced person, when you learn how to "flip" houses.
A friend of mine, we'll call her Tai, made a fortune in real estate, beginning at the age of twenty, with no help from anyone else. Here's how she did it:
Tai began by buying a HUD repo, which all » READ MORE
