House Flipping

Real Estate Investing: Is House Flipping A Profitable Investment Strategy?

Real estate investing in house flipping is considerably different in today’s market. Not so long ago, house flipping was one of the more profitable real estate endeavors. Today, it takes a savvy investor to flip a house and make a quick profit.

In this type of real estate investing, distressed properties in need of repair are purchased under market value. Chances are you have seen television shows featuring real estate investors who purchase fixer-upper homes. They make repairs and renovations, than sell the house within a short period of time for a large profit. Although it isn’t quite as easy as the shows portray, house flipping can be a rewarding and profitable investment strategy.

With the massive influx of foreclosures and bank owned properties, real estate investors have an abundance of potential investment properties to choose from. Although house flipping requires skill and money, it is still one of the most popular forms of real estate investing opportunities.

Since distressed properties can be purchased under market value, real estate investors have additional funds to take care of needed repairs. They can either personally make the repairs or hire subcontractors to perform the work. In addition to repairs, these houses oftentimes require renovations such as new countertops, flooring, household appliances and landscaping. Many who are new to the real estate investing game choose to take care of the repairs on their own; as opposed to hiring others to do the work for them.

A primary benefit of house flipping is repairs and renovations can be done during evening and weekend hours. This can be a downside for newbie investors as it takes away from their family time or personal activities. The point of house flipping is to sell the house for profit in a short period of time. Those who procrastinate about making repairs quickly end up losing their profits. After all, unless you pay cash for the house you will have to make mortgage payments while you are repairing the house. The longer it takes to sell the house, the less profit you earn.

While there is no guarantee to the amount of money you can make flipping houses, the average profit margin is between $10,000 and $30,000. If you purchase and flip four houses per year and earn $10,000 profit on each house, you can put an extra $40,000 in your pocket. Imagine what you could earn if you made $30,000 or more from each home. Before long, you could quit your day job and make real estate investing your full-time career.

House flipping is the perfect real estate investing choice for individuals who enjoy do-it-yourself projects. If you possess the skills to perform the work yourself you can save a tremendous amount of money. If you don’t enjoy performing manual labor, there are many skilled laborers eager and willing to perform the work at a reasonable price.

In addition to offering high profit margins, house flipping offers the reward of transforming a run-down, neglected house into a beautiful home where a family can create life-long memories. Although house flipping generally requires substantial physical labor, the rewards are certainly worth the effort.

Real estate investing for the purpose of house flipping may or may not be right for you. Before you decide, take time to research your options. The Internet is a great place to start and can help you locate foreclosure or real estate owned (REO) properties. Many Realtors conduct real estate investing seminars, so check the real estate and Classifieds section of your local newspaper to locate seminars in your area.

Last, but not least, seek out private real estate investors who specialize in distressed properties. Many investors purchase bank portfolios at wholesale prices, which enable them to pass along significant savings to buyers. Oftentimes, these properties can be purchased for pennies on the dollar which provides buyers with instant equity.

If you do not have previous experience in real estate investing or house flipping, it is strongly recommended to educate yourself about the process before making an offer on any house. Doing so could save you a tremendous amount of time, money and frustration.

About the Author

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House Flipping: How Not to Flip Real Estate Learn w Twins #1

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Flipping Houses for Dummies $16.28 "This book is designed for realty investors who want to profit from buying below market, making cosmetic improvements to add value, and then quickly reselling. But real estate agents and home buyers should also study it because of the valuable insights offered by a longtime, very successful real estate broker. On my scale of one to 10, this superb book rates an off-the-chart 12." –Robert Bruss You’ve probably seen TV shows like "Flip This House" and "Flip That House," in which Real estate investors buy, renovate, and sell a house in a matter of weeks for tens of thousands of dollars in profit. They make flipping houses look so easy that you want to jump out of your recliner (during the next commercial, of course), run down the street, find a house for sale, flip it for a 50 percent profit, and run back home to continue watching the show. I, Ralph Roberts, have flipped hundreds of houses, and it’s never as easy as it looks on TV. People don’t generally line up at your front door begging you to buy their house for 30-50 percent below market value. Renovation expenses always exceed estimates. And you can’t always sell a house for what you think it’s worth. Flipping houses for a profit requires time, money, and what I like to call "sticktoitism"–dogged determination in the face of overwhelming uncertainty. Not just another house flipping book You can find plenty of books about flipping houses that claim "anyone can do it" and make flipping look easy and risk-free. "Flipping Houses For Dummies" takes a different approach–honesty. We don’t claim that flipping houses is "easy" or "simple" or "risk-free," because, quite frankly, it isn’t. "Flipping Houses For Dummies" reveals the risks and rewards of flipping properties; helps you determine whether you have the time, energy, cash, and other resources to be successful; and then conveys the expert knowledge that those who wish to pursue house flipping need in order to minimize risk and maximize potential profits in a very competitive market. Did you know? Most books on flipping houses gloss over the key factors that that make or break the novice house flipper. These are the very items we focus on in "Flipping Houses For Dummies." For example, did you know: You should secure financing "before" you look at houses. As a flipper, you want "dontwanners"–houses that the owners obviously don’t want. You make your profit when you buy the property. You realize your profit when you sell. Always plan on earning at least 20 percent after your total investment–purchase price, repairs and renovations, real estate agent commissions, and holding costs (monthly mortgage payments, insurance, property taxes, and utilities). Working with a top-notch real estate agent can save you thousands of dollars more than what you pay in commissions. You should choose a limi

Flipping $84.44 High Quality Content by WIKIPEDIA articles Flipping is a term used primarily in the United States to describe purchasing a revenuegenerating asset and quickly reselling (or flipping ) it for profit. Though flipping can apply to any asset, the term is most often applied to real estate and initial public offerings. In the United Kingdom the term is used to describe a technique whereby Members of Parliament were found to be switching their second home between several houses, which had the effect of allowing them to maximize their taxpayer funded allowances. Author: Miller, Frederic P./ Vandome, Agnes F./ McBrewster, John Binding Type: Paperback Number of Pages: 120 Publication Date: 2010/11/18 Language: English Dimensions: 9.02 x 5.98 x 0.28 inches

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