Over the course of the last 18 months, homes have been trading at what seems like lightning speed. In fact, the majority of homes have been selling in less than 30 days. While that is usually a cause for celebration (flip faster and make more money!), a robust housing market has increased competition which has…
The Mainstream Real Estate Market Typically when buying a home on the real estate market, new or resale homes are purchased by a conventional loan. This works well for a house in average condition without needing major repairs to make it livable. In this scenario, the house is priced according to market value. Comps or comparable values…
Real estate has been on the upswing for seven years which, history tells us, means a market slowdown is coming in the next year or so. Economic indicators back up the “tea-leaf-reading” as interest rates are ticking up, there’s political uncertainty and, although the economy is strong, the sustainability of this growth is the great unknown. So…
Every home flipper’s dream is to find a small mansion that just needs a few touch-ups before it sells for ten times your original buying price. While this would be the rare ideal opportunity for turning a profit on a single project, that is not the true purpose of everyday home flipping. In reality, most…
When flipping a home, you always want to make a fabulous first impression. Since the exterior of a residence is the first view a potential buyer sees, you should strive for a trendy-looking paint job and coordinating features. When selecting the exterior colors, you need to consider the walls, trim, window frames, roof, and also…
[Part 2…] Upgrade the Fixtures Now that the walls and floors are taken care of, examine the quality of the fixtures. Both light fixtures and plumbing fixtures can make a serious impression on buyers about the age and quality of a home. And they are remarkably easy to replace if you know what you’re…
In the house flipping business, shabby homes are your bread and butter. Few projects flip more quickly and efficiently than a home with stained carpets and chipping paint, especially if the only real problems are on the surface. When portntial buyers can’t see past the grime left by the previous residents,they’ll have a much harder time…
Have you ever wanted to quit your day job and go into the exciting world of real estate investing? You’re not the only one. Many Americans these days, with younger generations aging, are turning to real estate to make additional income. Now, flipping a property is very involved. It takes hard work, impeccable timing,…
Successfully flipping a home is all about knowing what aspects of a home to renovate, what to restore, and what to highlight with your renovations. This is particularly true of older homes with good bones. There are thousands of homes out there with brickwork, brightly colored tile and other relics of the past that could…
So, you need to make a new real estate acquisition. Whether it’s a house you plan on fixing and flipping in order to turn a profit, or an apartment complex you want to turn into a long-term investment, you need to get a loan in order to close the deal. If you’re debating between hard…
