Memphis remains a hub city when it comes to flipping houses. The year 2016 continues to be a great year for flipping houses as 2015 was when nationwide the average profit was approximately $55,000 per sale. That’s the highest average gross earnings since 2005. Flipping the right houses is still a very profitable way to […]
The first three months of this year saw house flipping jump 20 percent. House flipping is generally measured as houses that are bought and resold within 12 months or less. Although it’s a sellers’ market, buyers want turnkey houses. There is very little retail market for houses needing repairs. There aren’t many but fixers are […]
It’s crucial understanding the different markets within a certain area. It’s a good idea to breakdown your market into at least six different price levels. The “levels” shown below are the retail prices within a specific suburban area. These vary by geographical location but this gives you an idea about how to segregate local markets […]
Redfin reports that 2015 was the best year for home flippers yet, with investors making $102,400 per flip on the average, compared to just $98,500 per flip in 2014 and the $90,900 flippers were making pre-recession.
As an investor, there are many ways to partner with others to maximize profits. The key elements of any real estate investment are the seller, the buyer, the property, the source of funds, and if you are flipping, the end buyer. As the buyer (investor), your role is pulling all of these resources together into […]
Rehabing and flipping houses is a business. As a business, you need a process that you follow. One of the most important parts of the process is having a schedule that you expect to be followed. The Flipping Time Line Rehabbing and flipping is the process of buying a property below value, making improvements, and […]
One of the most important aspects of rehabbing and flipping houses is offering the best house in the neighborhood. You buy an older, run down property at a deep discount, and bring it up to modern high standards to turn a huge profit. Creating the Wow Factor Beyond completely renovating the home with modern amenities […]
House flipping is enjoying a renaissance of sorts as property investors take advantage of favorable conditions in the real estate market to turn a quick profit on their investment properties.
Pittsburgh is the best city in the US at the moment for home flippers, according to recent real estate data released by RealtyTrac. The city provided the best profit for home flippers during third quarter this year.
Although bank loans are still difficult to come by, there are multiple financing sources available. More and more retirement funds are being pulled out of the stock market and being invested in private mortgages. Crowd funding is becoming another viable alternative. These funding sources work well once you have them in place. However, it can […]