Advertising a Fix and Flip Project

August 29, 2010 By admin Leave a Comment

Advertising a Fix and Flip Project

Are you familiar with the words “fix and flip?” If not, then you’re probably living in a very far and secluded place. Also known as rehabbing, the business of fixing and flipping homes has taken the country by storm. Everybody seems to be talking about it as more and more people are getting hooked on renovating old and undervalued homes for profit.

Doing a fix and flip project, however, is not all about the repairs. There is more to transforming an ugly house into a work of art. Because you need to recover all the money you spent on buying and renovating a fixer upper home, you have to find someone who will pay generously for your rehab project. Therefore, you have to create good marketing strategies to attract the attention of prospective buyers.

As we all know, marketing is also an important aspect of doing a fix and flip project. It allows you to gain the attention of your intended market and one good way to do that is to advertise the “product” that you are selling. However, many rehabbers, especially the neophytes, are wondering when the best time to advertise a rehabbed property is.

Because first impressions are very important when fixing and flipping properties, many seasoned real estate investors caution against advertising a rehab project the moment you buy it from its previous owner. A house with a leaking roof, yellowing bathroom tiles and sinks, clogged toilet bowls, and crumbling walls is not exactly the site you want your potential buyers to see.

Trust me, seeing a property before it has been renovated will surely scare the buyers away. In addition, all sorts of smell emanating from an unused house will also turn them off. Even you wouldn’t be able to take it.

How about while the repairs are on-going? Putting a “for sale” sign on the yard while your team is busy doing the repairs is not exactly a good idea. First, it may disrupt the rehab work as it could attract an unwanted inspection from the local building code enforcers. Second, inquiring buyers marching in and out of the property might distract your rehabbing team. Such an occurrence is counterproductive because you might be unable to finish the repairs on time.

Therefore, the best time to advertise a fix and flip project is when the repairs are 95% complete. This way, you don’t have to endure unnecessary interruptions, thus, allowing you to sell your fix and flip project on time.

If you want to learn more hints and tips on fixing and flipping properties, visit www.Rehab-Real-Estate.com.

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Real Estate Fix and Flip

August 24, 2010 By admin Leave a Comment

Real Estate Fix and Flip

Real Estate, Fix and Flip or Hold

 

Fix and Flip or Hold. This method will entail using an Agreement of Sale and Purchase coupled with a short sale whereby you get a super price to buy now. Since you are the Buyer and not getting an option to assign, it is strongly recommended to do a very through inspection yourself or hire a certified home inspector.

 

The intent here is to buy at a super price and then invest monies to fix it up to a polished state and resell to retail Buyer or an Investor that doesn’t want to fix, but rather hold and rent.

 

The trick here is NOT to “fall in love” with the property and overspend as if you are your family were going to live there. Do the basics and give it a good polish so it functions and looks great. It needs to attract a Buyer, appraise correctly and be able to earn you a profit.

 

You can also do the same and hold onto it and use it as rental for yourself, live off the cash flow and take advantage of future appreciation. Many Investors just want to live off the rental income.

 

Another abbreviated method is to take a real junker with lots of potential and just merely do a serious cleanup so it presents in a much better fashion and then just wholesale it as is.

 

This method can also be done under the Option and Assignment just knowing that if you walk away, you will have done the work for someone else at your expense. 

 

To learn more about the amazing value of fixing and flipping properties, please visit our website or contact us for more in depth information. Have questions…please contact us.

http://www.truthofrealestate.com/profits


Clint Cohen is a renowned national expert and guru mastering in real estate investing and creative real estate solutions. Clint is also a national award winning builder, remodeler and developer with over forty years of successful business operations. Married and a father of two grown daughters and two cats.


Clint has authored several books and has created, written and implemented many proprietary forms, agreements and exclusive paperwork for all his business ventures. An author, writer, reader, teacher, developer, trainer and lecturer complimented with a very expansive and extensive collection of true and real life experiences. http://www.truthofrealestate.com/profits

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Flip Real Estate Online

August 16, 2010 By admin Leave a Comment

Flip Real Estate Online

The easiest way to do flipping real estate is using the Internet, because it enables you to work with a much broader base of real estate investors than you could ever hope to contact in your local area. Once make use of this way carefully, you can conduct this kind of transaction successfully and to the benefit of everyone involved.

Decide the viability of the property-you can flip any type of real estate online. While residential properties are the most commonly flipped, people also flip office buildings, condominiums, undeveloped land and other types of commercial property. Depending on the type of property, you will need to make sure that the deal is attractive enough to appeal to investors. It will need to have sufficient equity, possibly an existing income in the form of rents or leasing, and be suitable to their needs. If you are not an experienced real estate investor in the type of property that you are considering flipping–and possibly even if you are–you should get one or more objective opinions on the property before you try to flip it online.

Get the property under contract-once you have decided that the property is something that you think will be a good deal for your investors, you need to get it under contract. You should make sure that the contract protects you from liability later after your role in the flip is done as well as allowing for the possibility that the property will not flip, since real estate transactions are never guaranteed. Work with your lawyer to develop a real estate contract or find one online and run it by your legal professional to make sure it addresses all the issues that you might have in your specific situation. Never use a contract that has not been approved first by your lawyer.

Make all the details available online-the easiest way to do this is build a page on your blog devoted to the property in question. You should include all the details about the property, including where it is located, how much it is worth, if it has any built-in income and how other properties in the area are selling or performing. Do not include the seller’s contact information as you may find yourself excluded from your own deal if you do so. Make it very clear how to contact you if an investor is interested, and try to address any concerns an investor might have about the property.

Notify your investors-notify your investors that you have a great deal available. Send out an email to your investor list that directs them to your blog page about the property. Make sure that they are aware that this is a limited opportunity to encourage them to act quickly. Transact-once you have been contacted by interested investors, work with the most promising prospect to make the deal happen. You are not obligated to work with investors in the order that they contacted you. Instead, you should give priority to the investor who looks most likely to make the flip happen.

Remove yourself from the equation-once you have gotten the contract assigned and received your payment, the deal is no longer your responsibility. Make sure that the investor and the seller understand that they will now need to work directly with each other.

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How to Flip Real Estate as a Master Wholesaler Vol 7 of 7

August 13, 2010 By admin Leave a Comment

www.mattgarciaseminars.com MattTeaches One of The Most Revolutionary FSBO and Bank Foreclosure Buying Systems in The Country…Get RICH In The New 2008 Real Estate Foreclosure Boom! With New Strategies In Web 2.0 Marketing To Buy and Sell Any Investment Property. ****************************KEYWORDS Real Estate Seminars foreclosureS.com Free Foreclosure Investor Webinar 90 Minutes Live with 20-year Expert Real estate conventions and real estate conferences.Real estate conventions, real estate conferences, realty seminar and realtor rally. … 17 – 20, Indianapolis, IN, ARELLO Annual Conference real-estate-conventions.htm Somerset CPAs – Real Estate Seminar Series Jun 11, 2008 … Register for Entire 2008 Real Estate Seminar Series and received his MBA in finance from Indiana University in Indianapolis Indiana Continuing Legal Education Forum – Online CLE and Seminar Hot Issues in Indiana Property Tax – March 2005 – ICLEF Practice Manual Series Seminar Dann Pecar Newman & Kleiman, PC | Indianapolis Real Estate … Real Estate and Construction … Seminars. Upcoming FREE Lunchtime HR Seminars at DPNK Upcoming free seminars coming soon! … LEED training in Indianapolis, IN – Green Ideas Seminar – Indianapolis, IN … engineers, facility managers, property managers, real estate professionals, subcontractors, … Training Seminars in Indianapolis Indiana-seminars workshops Training seminars workshops and conferences in Indianapolis Indiana view and register … Real Estate …

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Wholesaling and Flipping Houses with ?The Flip Man’s” Help

August 10, 2010 By admin Leave a Comment

Wholesaling and Flipping Houses with ?The Flip Man’s” Help

This article is mainly focused on flipping and wholesaling houses with no cash or credit. Now you may think that it is impossible, but have you ever wondered how why most of the richest people alive have invested in real estate at some point in their lives. There is a lot of money to be made with real estate investing but all it requires is a little know how and effort.

Wholesaling and Flipping Houses is no different. The idea of flipping and wholesaling houses has been around for quite some time; however not many people know it exist. There are many websites that claim to help you by giving you the competitive edge that you need to be successful in this field; however most of them are a load of “fluff”. This is not the case however with “The Flip Man”.

 The Flip Man has been in the field of flipping and wholesaling houses with no cash or credit since January of 2003. The Flip Man has successfully done almost 200 transactions in relation to flipping and wholesaling houses. Now you may ask how it works. Well it is quite simple really. The first thing that you have to keep in mind is that the amount of profit you will be expecting in terms wholesaling and flipping houses will vary depending on the market that you live in. Some markets are known to offer cheaper houses in comparison to others. The only real difference that this will make is that the more expensive the house, the more profit you can expect without using your cash or credit to close these deals.

It starts with you marketing to attract motivated sellers who own houses of any type that are in decent condition, but may need repairs before moving into. The key is to negotiate with the person who is actually going to be making the decision of selling the property or not. It just makes it a lot easier to deal with the owner directly rather than having to go through an agent. After agreeing to buy a property say for example for ,000, you will automatically create a contract between you and the seller where you will secure the contract with in earnest money.  (Assume this property is worth 0,000 in excellent condition which often referred to in the real estate investor world as the ARV or After Repair Value.)

Now you will market that deal to find a buyer that is willing to buy the property for ,000.  It will be rare that an investor will pay what you are asking but for the sake of this example an investor offers you ,000 and you accept.  You would then meet the investor to sign another contract with you as the seller and the real estate investor as the buyer.  You will always secure your contract with your buyer/investor with at least 0 in earnest money.

Once you have a contract with your seller and buyer/investor, you will now set up the closing with a title company or attorney and this is where the seller, your buyer/investor and you would meet to close the deal.

Eureka, the seller gets paid, buyer/investor gets the property and you walk away with a FAT CHECK all done without using your own cash or credit. 

THAT’S HOW YOU WHOLESALE AND FLIP A HOUSE

The Flip Man is a real estate investor that has flipped over 150 houses since January 2003. You can learn more about
The Flip man and get Free House Flipping Tips in audio at his website http://Junkers101.com plus how T. Taylor will coach you on wholesaling houses with no money down techniques.

Also, view FREE Flipping Houses Tips from The Flip Man at http://YouTube.com/TeachMeFlipping
205-492-3425

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