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

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The Pre-Approval Advantage

Posted by: Carleton Sheets in Rehab, Preapproval, Lease Options, Flip, Creative Financing Techniques on Jun 24, 2008.

One of my staff members recently rehabbed and flipped a property. And she must have done something right because, in this market where a glut of homes just sit and sit, she received three offers within five days.

Which offer was accepted? Well, she ended up selling to the only buyer who had a pre-approval letter. That buyer was serious---and prepared. 

As a prospective buyer, it costs nothing

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FHA Waiving 90-Day Waiting Period

Posted by: Carleton Sheets in Resale, Rehab, Make Money in Real Estate, Flip, FHA on Jun 18, 2008.

I recently came across a headline that stated that the FHA (Federal Housing Authority) was waiving its 90-day waiting period for resales financed by FHA loans for one full year. Enacted in 2003, this 90-day "seasoning" period was introduced to prevent predatory lending practices and fraudulent flips ("overnight" flips, with dramatically higher sales prices).

However, in the current market,

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