Flipping houses has been a mainstay of the real estate investment market for decades. Speculative house flipping hit its highest point in 2005 – 2007, shortly before the national real estate market crashed along with the overall economy. Today, the house flipping market has hit its highest point since that devastating economic downturn. It’s worthwhile to reflect on the possibility this is a red flag for another economic slump to come.
An increasing number of people in well-paid jobs are unable to buy homes close to work. This is a particular problem for those located on the US coasts where property is amongst the priciest in the country. Now, according to a Reuters article, increasing numbers of people in this situation are targeting markets outside these […]
Rural real estate investing can be tricky. Rural counties often have a diverse mix of real estate. Some in larger towns, some in smaller towns and villages but much of it out in the country away from municipality’s denser populations.
Now that the foreclosure and bank owned market has mostly run its cycle, investors are again looking for values in the retail market. Possibly the best place to look is at the abandon house market.
Almost every real estate investor has access to the Multiple Listing Service (MLS) in one fashion or another. Some investors work closely with a couple of real estate agents that feed the investor information from the MLS on a regular basis.
Any competent real estate investment advisor will tell you it’s easy to make your fortune with a real estate career – as long as you know what you are doing. The first advice your real estate investment advisor should give you is to not jump in with both feet right away.
Fixer-uppers are back in vogue, with RealtyTrac reporting that 6.6 percent of all single family home and condo sales (numbering 43,740 sales in total) during Q1 of this year were flipped homes, a twenty percent increase from the last quarter and a three percent rise from one year ago. RealtyTrac defines a home flip as […]
You might not have known exactly when the stock market was going to head south but the fact that it would was fully predictable. And the wealthy saw it coming. With fixed income investments (saving accounts, CDs, etc.) continuing at near historic lows and the equities (stocks) sliding downward once again, those with money to […]
In several posts, I’ve mentioned Memphis as the best metropolitan area to invest in turnkey rentals (it’s still accurate). However, going from turnkey rentals to REO flips presents a great opportunity for those that prefer flipping houses instead of being landlords. Several reasons make Memphis attractive for flipping houses. RealtyTrac states the Memphis median sales […]