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Real Estate Information |
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Flipping or Fixing Houses for Profit
Many real estate investors make $5,000 to $10,000 or more by flipping houses. These investors buy a home from a distressed seller and resell it quickly for a profit. Just because a seller has serious problems like a pending foreclosure or divorce doesn't mean the house is a fixer. Many distressed sellers offer prime houses in perfect condition discounted for a quick sale. Distressed sellers jump at the chance to get out from under their overwhelming problems with an offer to close in ten days. To purchase a home quickly, you need to be prepared to offer cash or a have secure loan in place with a reliable mortgage lender. Other real estate investors prefer to buy fixers from distressed sellers. Distressed fixers tender the best bargains to make the highest return on your money. For instance, if you put 5% down on a $200,000 home, spend $5,000 fixing the house up, and another $3,000 in payments, your cash investment totals $18,000. If you sell the home for a $70,000 profit like many rehabbers, you can see that your return on your investment of $18,000 for two months exceeds most other types of investments. This investment plan assumes that you have the knowledge and skills, time to work on your fixer, and that you sell the house as soon as its finished to a qualified buyer. Home improvement centers help you with how-to classes, brochures, and advice. You need to give up your free time--TV, parties, leisure activities and work on your fixer. You could hire workers, but contractors and laborers work slowly and eat up your profits. The last part of the equation, selling your house quickly to a qualified buyer means you need to do your homework. Many investors seek free help from a loan officer to price the house right and to qualify their buyers. These investors earn the sales commission by selling their houses by owner. The most important issue, how you fix up your house, ensures that you quickly attract a buyer willing to pay top dollar for your transformed property. Investors using Design Psychology strategies for fixing houses sell their homes, for more than the asking price, three hours after putting the yard sign out. Whether you want to make money investing in real estate by flipping or fixing houses, you need to understand your market. To get started in your real estate business, go house shopping. You'll soon learn how to pick up a flip or a fixer and be on your way to making a high return on your money. Copyright (C) 2005 Jeanette J. Fisher. All rights reserved. Jeanette Fisher, author of Sell Your Home for Top Dollar--FAST! Design Psychology for Redesign and Home Staging, teaches Design Psychology. She also wrote Doghouse to Dollhouse for Dollars and other books. http://www.doghousetodollhousefordollars.com For a free report, "Design Psychology for Selling Houses," go to http://sellfast.info
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AInvest Nuveen: Leading the way in a changing real estate market Private Equity Real Estate | PERE Crow Holdings Capital: Specialty real estate surges as investors chase demographic-driven demand Private Equity Real Estate | PERE Zillow readies for battle with Compass Real Estate News by RealEstateNews.com Impressive Westport home on 7 lush acres sells for almost $1M: Weekly home sales Fall River Herald News Cushman & Wakefield Launches Banking Team and Quality-Risk Model for Real Estate Lenders Cushman & Wakefield Texas Employees commits $483 million to real estate, private equity, infrastructure Pensions & Investments A Long, Winding Path to Selling Real Estate in the Hudson Valley The New York Times Real Estate: Let’s structure a deal together The Daily Tribune News Real Estate: June 16 to June 20 Newport This Week LaSalle on real estate: the world’s simplest, most complicated asset class Private Equity Real Estate | PERE Seattle City Employees slates €60 million for European real estate fund Pensions & Investments Rockpoint: Back to basics: Real estate’s next chapter will demand local insight Private Equity Real Estate | PERE Two local real-estate firms merge to form Venture Fox Realty Group The Altamont Enterprise NYLI CBRE Real Estate Fund Q1 2025 Commentary Seeking Alpha 'Keep it moving': HGTV cancels TV show hosted by Georgia couple after 4 seasons Savannah Morning News Alexandria Real Estate: Behind Fantastic Dividends, 3 Key Facts To Understand Its Resilience Seeking Alpha Blue Square Real Estate's (TLV:BLSR) 28% CAGR outpaced the company's earnings growth over the same five-year period simplywall.st Rosa Hawes, trailblazing Dayton real estate pioneer, civil rights advocate, dies at 94 Dayton Daily News Hyatt Is Selling Playa’s Real Estate for $2 Billion Caribbean Journal The Face of Real Estate in West Sonoma County pacificsun.com Hyatt to Sell Playa’s Real Estate Portfolio Daily Lodging Report HGTV cancels Atlanta-based show ‘Married to Real Estate,’ hosts say Atlanta News First Apple spends $517 million on Bay Area real estate in a single week San Francisco Chronicle 20 Indispensable AI Tools for Real Estate Agents HousingWire Realtors and politicians think Mamdani victory will drive more New Yorkers to South Florida The Palm Beach Post Form 424B3 Forum Real Estate Income StreetInsider Real Estate Transfers: June 30, 2025 The Owensboro Times HCAR Report: May real estate sales rebound 34% from April Watauga Democrat Vendor & Real Estate Partners Dollar Tree Neuberger Berman Real Estate Fund Maintains Steady Monthly Income With $0.0312 July Distribution Stock Titan EMS Commercial breaks down how experience translates to savings when investing in real estate WMAR 2 News Baltimore |
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