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Real Estate Investing - Makeovers vs. Flipping
Please don't call it "flipping." Some real estate investors who practice the technique of buying property for immediate fixup and resale call it "flipping houses." I have never liked this term, for it strikes me as reference to a gimmick. It seems "flippant!" It sounds like crude tagging of a very noble undertaking. Fixing up cheap properties is raising values in America's housing! It is a profession of dignity. I think the makeover process deserves reverence for providing people with a better place to live. Without proper maintenance, all housing deteriorates. You can find cheap houses everywhere in dire need of repair because of neglect and abuse. You can buy these depreciated houses inexpensively at a fair market discounted price because of their condition. You can often restore them to very near their original condition or even better with very little investment. And you can sell them at a fair value price that includes generous profits. The seller's marketplace for those who want and need good housing is always swelling. You can often take a house that has "No Class" and transform it into "First Class" housing with only paint and carpeting. And you can take your makeover another step forward with simple, eye-appealing extras to create a "Dream House," an "Ideal House," a "Doll House," and a "Model House." You will be very proud of your work with this kind of makeover, and the real estate investing process will give you tremendous personal satisfaction, in addition to a good income. My end-result objective in creating an appealing makeover is to create a finished product that I myself would enjoy as a home. If I can be satisfied with the makeover, I know that buyers will find that same satisfaction. To me, the real estate investing profession is a grand endeavor that extends far beyond the financial rewards. I have owned numerous businesses over the past 50 years, but I know of no other business venture that generates more personal gratification and financial prosperity than real estate investing in makeovers. Phil Speer, Ph.D., started his real estate investing career 25 years ago. Without the availability of credit and using only a $10 bill, he purchased $1 million in properties in his first year, and had accumulated $10 million in properties by his fourth year. http://www.CashinHouses.com/ He was featured in a Wall St.Journal editorial as most successful investor in the Nothing Down Real Estate Movement, and was honored with a Caribbean cruise as top investor of the year. In his hometown of Nashville, Tennessee, he has been a businessman and Human Resources Consultant for 30 years. He is an author, speaker and seminar director. To learn how to profit in real estate investing, even without cash or credit, read his report at http://www.Real-Estate-eBook.com/investing/flipping.html/ Subscription is free to his Fix-up Ezine. He and other contributing authors provide free articles and resources on real estate investing at his online "Academy of Advanced Real Estate Investing Techniques" at http://www.AAREIT.com/
MORE RESOURCES: Construction exec John Novak sells Lincoln Park's highest-priced house of the year Crain's Chicago Business Finance Guru Dave Ramsey Built This Lavish Tennessee Estate—Now It's Back on the Market for $15 Million Realtor.com Blackstone Executive Wesley LePatner Died in NYC Shooting Business Insider CoStar sues Zillow over photos, claims ‘systematic infringement’ Real Estate News by RealEstateNews.com Real estate: Home prices climb in Martin, Indian River counties; fall in St. Lucie County Treasure Coast News Seattle-area real estate startup Flyhomes raises $15M as it pivots to 'Buy Before You Sell' model GeekWire Real Estate Investment Trusts Score Legislative Wins Forvis Mazars US After 30 years, Linda A. Gary Real Estate moves office from prominent Worth Avenue corner Palm Beach Daily News Brokerage Growth Dominated by New Models Mike DelPrete - Real Estate Tech Strategist New bill aims for stricter penalties against real estate brokers who violate housing discrimination laws The Bay State Banner Central Pa. real estate company expands to Georgia Central Penn Business Journal The market is changing — and the industry's old rules are outdated Real Estate News by RealEstateNews.com SRS Real Estate Partners Arranges $7.5 Million Ground Lease Sale of Wawa in Jackson Township, NJ citybiz Big Moves in Tucson: KMS Realty Merges with United Real Estate Specialists to Expand Services and Reach Morningstar Real estate: Condo prices rise in Indian River County; fall in Martin, St. Lucie counties Treasure Coast News I-78/I-81 Corridor commercial real estate activity picking up Lehigh Valley Business CREFC Sentiment Index Surges in Q2 2025, Signaling Rebound in CRE Market Optimism Boston Real Estate Times Jersey County property sales recorded July 21-25 Alton Telegraph 10 metro Detroit suburbs where homebuyers can still find a deal Detroit Free Press Troy Furbay has been appointed Managing Director, Hospitality at Crescent Real Estate LLC Hospitality Net Mortgage Rates Predictions for the Next 90 Days: August to October 2025 Norada Real Estate Investments Real estate giant Blackstone caught in crossfire after top executive Wesley LePatner killed in NYC shootin The Economic Times Richland County property transfers recorded July 21-24 Mansfield News Journal US industrial real estate investor Terreno sells $82m portfolio IPE Real Assets Pacific Development and PGIM Real Estate Land $97 Million Construction Loan for Landmark Mixed-Housing Project in Santa Rosa Yahoo Finance ‘Walking beside him’: Daughter continues stepfather’s real estate dream Mountain Home Observer Fed Interest Rate Predictions: No Cut Expected Today, July 30, 2025 - Norada Real Estate Investments Fed Interest Rate Predictions: No Cut Expected Today, July 30, 2025 Norada Real Estate Investments Atlanta real estate mogul, former Hawks owner Tom Cousins dies at 93 Atlanta News First Delaware June home sales stronger than national numbers; median sold price at record high The News Journal Double digit price increases for Putnam real estate Mid Hudson News Real Estate Expert Jody Wainio of Buyers Choice Realty Shares Advice on Mortgage Pre-Approvals in HelloNation GlobeNewswire Remote Bookkeeping Services from IBN Technologies improves U.S. Real Estate Firms Financial Oversight Barchart.com News | Bank of Canada decision to hold overnight rate steady keeps real estate industry waiting CoStar Real estate transfers: 7/30 Toledo Blade Universities leverage their real estate amid financial shortfalls and demographic cliff The Business Journals After 30 years, Linda A. Gary Real Estate moves office from prominent Worth Avenue corner Yahoo Home Top residential real estate sales for July 14-18 in Longboat, Lido, St. Armands, Bird Key Your Observer Another downtown apartment tower is up for sale Crain's Chicago Business The real estate market: 5 key themes to watch this week Real Estate News by RealEstateNews.com Christie’s Debuts Crypto Real Estate Division The New York Times Judge sides with LGBTQ+ Alliance in battle with ex-CEO Real Estate News by RealEstateNews.com America's Unhinged Real Estate Market Is Driving Down the Birth Rate Business Insider Real Estate Transactions | July 14-18, 2025 Republic-Times Slain Blackstone executive was a real estate powerhouse Crain's New York Business Leading Arizona Real Estate Team JBRE Joins Real Brokerage, Bringing $310M Sales Portfolio Stock Titan Inside Hulk Hogan’s $11 Million Real Estate Empire EntertainmentNow Executive Killed in Manhattan Shooting Was CEO of Blackstone's $53 Billion Real Estate Megafund Realtor.com Real estate office renovating former daycare The News-Enterprise |
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