Flipping houses is a term widely used in the real estate business to describe the act of buying properties and then quickly selling them for profit. It is usually used interchangeably with wholesaling, which is another method of investing in real estate. To flip houses, real estate investors mostly buy undervalued houses before selling them at a slightly marked up price.There are two common methods to flip a property: multiple investor flipping...more
East Bay ,California Homes For Sale Market Report November 2009We analysed 34 major cities in the East Bay Market .Sales of November 2009 were compared to November 2008Median Price Change in Home PricesThe major cities that had double digit drop in median home prices as compared to last year were Lafayette Homes (-19.31%) ,Walnut Creek Homes(-18.44%),Alameda Homes(-13.88%),Emeryville Homes(-13.61%),Antioch Homes (-10.07%).The good news is all...more
Rehabbing houses, they say, should be a discreet job. Not that you have anything ghastly to hide. It will only be better if you dont attract attention while you are doing all the repairs and improvements.When it comes to this business, it is important to keep your schedule. You must set a deadline and meet it. The longer the property stays with you, the bigger your expenses will be. Thats why rehabbers must avoid all possible sources of distractions, including passers-by and curious people, when making repairs.Lets say an average of five passers-by and neighbors check the property for five minutes in a day. That means some work will be disrupted for 25 minutes daily. Thats more than two hours in five days. Do the math if it were a month. Those hours will be wasted only because you did not want to be rude to the neighborhood. After all, they only want to know whats happening near their property. The best way to prevent this scenario from happening is by rehabbing houses silently.How will you mum the sound of a hammer pounding or an electric drill boring a hole? You cant. But there are ways to make you rehabbing more discreet. First thing, rehabbers must cover windows with cloth or...more
Many individuals make good money turning ugly properties into beautiful homes. However, there are also a lot of investors who lose millions and billions because of buying houses which do not make a profit. This article is for everybody out there who wants to invest in real estate by flipping houses. Before making a purchase, be sure that you have...more
There are various modes of investing today that can give you quick returns for your money. However, not all of them can be conducted without a huge capital. That is where wholesaling houses stands out. This kind of real estate investing does not require you to have hundreds of thousands of dollars because you dont actually have to buy houses. You...more
Ever wondered why other rehabbers are making more money than you, even if you seem to have the better deal on a property. Rehabbing a house is not just simply renovating a property to make it habitable. If you want to maximize your income in every rehab project, here are simple tips that would add extra dollars to your profit.Add a new bedroom. Common sense would tell you that a 4-bedroom house is likely to sell higher than a 3-bedroom property. So if you can add a new bedroom to a property, then do so. However, ensure that the new room adheres to local building codes, which vary from state or city. The basement, attic, and carport are the ideal areas of the house that can be easily converted into bedrooms.Stage the bathroom. Ask any veteran rehabber around and he would readily tell you that staging the bathroom is one of the best ways to sell the house fast and for a higher profit. Staging a bathroom simply means making the room stand out. For some reason, home buyers are particularly choosy when it comes to bathrooms. Spending more time, effort, and little bit more money to beautify bathrooms could earn you extra profits when reselling a rehabbed home.Put special attention to the...more
In any business venture, nothing beats being prepared. When it comes to rehabbing houses, there are things you must consider before you jump into the bandwagon. So before you flip and fix homes, take a moment and read these reminders first.Never...more
While you might think that during a recession is a bad time to buy luxury real estate, in fact, it can be a great time to buy a property that you wouldnt otherwise be able to afford. While in most areas across the country, real estate sales have been...more
If you are buying foreclosure homes for sale, you will want to save time where possible. After all, you want ensure that you have plenty of time for all aspects of the foreclosure buying process and you want the process to go smoothly and quickly....more
Residential foreclosures are residential houses often single family homes which has been repossessed because a previous homeowner has defaulted on a home loan or other obligation. These foreclosures are offered for sale by lenders and the...more
Due to the instability of the economy at present, there are many home buyers looking for an opportunity to buy a house that can help them pay for their mortgage. These buyers are looking for types of homes which may be in need of renovations and...more
Many have wanted to venture into real estate. It proves to be a very profitable business even if the world continues to face financial crises. In fact, many had quit the regular day job just so they could go on full time with real estate investing....more