What is Flipping Houses?
What is Flipping Houses?
Over the course of the last ten years, I have been frequently asked “what is flipping houses?” Is it even possible? Of course it is…not only is it possible, it probable! Many new investors are not aware of how much you can do with real estate until they have been involved in their first few transactions. Then, they begin to see different options which pushes them to expand their real estate investing knowledge. Virtually anyone can learn what is flipping houses! Again, if I can do it and my mentoring students can do it, then so can you.
With that in mind, I’ll share with you some of my tips/answers to the question “what is flipping houses:”
What is flipping houses: tip #1 – Not all markets are the same…or even similar sometimes. What works in Seattle, Washington will not work in Toledo, Ohio. Obviously, one can flip pretty much anywhere, but it’s crazy to think that the same thing will work in another market elsewhere. Know your market and watch it patiently for the right deal.
What is flipping houses: tip #2 – Don’t be scared to make a full price offer in certain situations. Use the inspection period as a chance to inspect the property for potential problems that could lead to a significant reduction in price. Essentially, you’re making an offer right out of the gate and then negotiating second. Of course, there’s a chance that you may not get the seller to reduce the price but if the numbers of your offer are strong, most sellers are hesitant to walk away from a solid offer.
What is flipping houses: tip #3 – Network! Networking is the lifeblood of business. As they say, “it’s all about who you know!” If you don’t work your contacts and search out hidden opportunities, you won’t be a successful flipper in a competitive market.
What is flipping houses: tip #4 – Make money when you buy a flip. It used to be easy to make money when you purchased a home because prices were rising so quickly. But these days, it can be challenging. A market with more realistic prices means that flippers need to look harder for the right houses and be disciplined not to overpay.
What is flipping houses: tip #5 – Watch the market data – both local and nationwide. National employment numbers, consumer moods, and GDP provide some sense of direction. But real estate is also local, so track inventory levels, pricing trends, and local unemployment.
The easiest route learn what is flipping houses is through on-going real estate investing education. If I can show you what is flipping houses, would you be interested? It just takes hard work, dedication, and maybe a little dose of luck from time to time. You can make money flipping houses by learning from one of the best in the business. I have countless strategies, tips, and techniques that helped me reach my goals. Many of those proven strategies, tips, and techniques are available for free on my website, http://andrewcordle.com. On my website, one can learn how to start a house flipping business. My team and I have spent countless hours putting together one of the most comprehensive educational libraries available on the internet. And our extensive educational library is available to you right now, for free!
For more free information on “what is flipping houses,” visit andrewcordle.com