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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: Los Angeles wildfires: Second California real estate agent charged with price gouging victims Fox News B.C. dad's estate missing millions from real estate, stocks, Swiss accounts: Lawsuit - Vancouver Sun Trump's war on ‘wokeness’ could impact housing and real estate Real Estate News Vince Vaughn's Rental Real Estate Portfolio Has Allowed Him To Weather Hollywood. Here's How He Invested His Money Yahoo Finance Tides shifted in Summit’s 2024 real estate market, experts say. Here’s what changed. Summit Daily Recent real estate transactions 1/28/25 BizTimes Milwaukee Metairie-based+commercial+real+estate+firm+expands+into+residential+market New Orleans CityBusiness New lawsuit sweeps up 8 brokerages and MLSs Real Estate News REAL ESTATE BRIEFS JAN. 25 Las Vegas Business Press Northeast Indiana Real Estate Guide Oct/Nov 2024 KPCnews.com FCT Acquires Majority Interest in Fintracker to Modernize Identity Verification in the Canadian Real Estate Industry Business Wire Remembering Norine Shima-Fojt, editor and real estate agent who loved and fought fiercely Berkeleyside Global Commercial Real Estate Brand SVN® Appoints John Bunch as Industrial Product Council Co-Chair citybiz Covid’s effect and impact on real estate, then and now The Mid Island Times I started having boozy brunches when I moved to Dubai. I drink less now — I'm fitter and better at my job but still have fun. Business Insider NRO: This Real Estate Fund Is Worth Considering, But Don't Ignore The Risks (NYSE:NRO) Seeking Alpha What 2025 means for East Bay real estate East Bay Express Blue Zones Certification Boosts Real Estate Values Miami's Community Newspapers Real Estate Update: December Figures Show Uptick At End Of Sluggish Year Huntsville Business Journal Midtown South Rezoning Begins Public Review - Real Estate - United States Mondaq News Alerts Calare Properties Announces Promotions of Four, Expands Executive Team Boston Real Estate Times BPDA Approves Six New Development Projects in Boston Boston Real Estate Times Is Julia Fox Getting Into New Jersey Real Estate? Realtors Fall for Fake Billboard Hollywood Reporter Radio Real Estate 1/25/25 My Bellingham Now News | Real estate investment firm expands workforce housing portfolio with Chicago acquisition CoStar Group EquityProtect Partners With Pacific Coast Title to Offer California Wildfire Victims Free Protection From Real Estate Fraud Business Wire BBJ: Skanska Details First Phase of Longwood labs, Residential Project Boston Real Estate Times New year, same story for warehouse owners as industrial market tightens Crain's Chicago Business Northeast Indiana Real Estate Guide 2025 KPCnews.com R.W. Holmes Secures 46,815 SF in Lease Renewals in Billerica Boston Real Estate Times Northeast Indiana Real Estate Guide 2024-2025 KPCnews.com Best Real Estate Deals of 2024: Announcing this year's honorees The Business Journals Island Real Estate: Hatteras Island home sales and trends for January Island Free Press Real Estate Expert Dominique Pryor-Anderson Tapped to Lead Community Investment at TREC CandysDirt.com Investor looks to cash out of big block of units at luxury Skokie development Crain's Chicago Business Real Estate Transfers (January 20-24) Times Bulletin Aging Homeowners: How Does the New Generation Perceive Real Estate? Rockland County Times Gibson, Dunn & Crutcher’s Krystyna Blakeslee: Insights on 2025 Commercial Real Estate Financing Commercial Observer Another Real Estate Agent Charged with Price Gouging MyNewsLA.com Local expert calls out real estate website’s false claim that 71% of ABQ home sales in October were ‘all cash’ Albuquerque Journal LA real estate agent reveals No. 1 reason why Pacific Palisades residents won’t return Fox Business Allie Beth Allman’s URBAN Team Welcomes Commercial Real Estate Powerhouse Grant Gold CandysDirt.com Check out NYREJ's Semi-Annual Commercial Real Estate Guide! New York Real Estate Journal Online Top real estate CEO says California is now battling a ‘triple threat’ no one has seen before Fortune Taurus enters Twin Cities with 16-property acquisition The Business Journals Year kicks off with $13.5M sale Las Vegas Business Press Attorney General Bonta Files Charges Against a Southern California Real Estate Agent for Price Gouging Eaton Fire Victims California Department of Justice |
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