Flipping Successfully---Even In Today’s Market!

Posted by: Carleton Sheets in upgrade, repair, Rehab, Housing Market, homebuyer, Foreclosure, Flip, first time homebuyer, Economy on Aug 21, 2009.

Many investors turn to flipping properties for relatively quick profits during the real estate market's boom years. However, savvy investors realize that even as times change and markets fluctuate, there are always opportunities in every market to make money flipping properties.  

In the case of first-time homebuyers, purchasing a home can be a little overwhelming---especially since many of the foreclosures on the market today require more in-depth repairs before they can even move into the home. For example, painting is an easy fix ... replacing rotten flooring is not.

I feel confident in saying that most first-time homebuyers---and a high percentage of all buyers---prefer to have their new home "move-in" ready. So if you want your property to appeal to more prospective buyers, do all the necessary rehabs before showing the property. Then they can move into a home that is a somewhat "clean slate" and do small repairs or upgrades as they have the time-or funds-to do so.

Although it's possible to flip in any market, you must be more cautious about your profit margin in the current market. For example, in some areas of the country property values are still sinking, so make sure you take this into consideration when buying and rehabbing a property to flip. Your selling price for any property should include the total amount of money you put into the property---plus a nice profit. Remember: Don't go "over the top" on repairs and upgrades---keep the amenities consistent with other properties in the neighborhood.

Are other investors in your area flipping properties? Are you finding that these properties are selling more quickly?


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written by anthony guinn, August 26, 2009
I'm new to the business and think the info I'm getting is very helpfull
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Buyer
written by Parnell Smith, August 30, 2009
I need a buyer for a house I've done comps on.
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written by Robert Davis, October 23, 2009
are you still looking for a buyer?
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Did you flip your investment?
written by Larry Resendez, March 24, 2010
Were you able to make a profit on the home?
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Want to partner?
written by Larry Resendez, March 24, 2010
I am looking for serious people in the San Joaquin, CA area to partner up with so that we can begin to earn a passive income
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Flipping Successfully---Even In Today
written by Steven Ransom, July 05, 2010
Market your properties in tip-top condition. Coretive, appealing improvements add to value. But t realize potential profits, the property should not show signs of wear or abuse; all systems must operate; and the perporty must not display any hazards to health or life. When thinking about how to improve your property, look carefully at the folowing areas. the more problems you overecome, the fewer critictioms buyers (renters) will raise during property sowing and negotations.
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Looking to hook up with real estate investors in NJ
written by Derek Iyoha, August 22, 2010
My main concern is; do real estate investors still purchase properties with no money down? I would love to meet someone in Newark, Bloomfield, Belleville etc all in NJ who is experienced in, and has used the No money down program to purchase a property. I would partner with that person if possible. Thanks.
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