Flipping houses for profit is something anyone with the right amount of dedication and knowledge can do. For many professional real estate flippers, they got their education the expensive way, failure. In How to Flip Houses for Profit in Today's Economy, we eliminate the expensive lessons and give you insight on how to effectively flip houses for profit.
Written by a professional real estate investor and flipper, How to Flip Houses for Profit in Today's Economy is different than the other real estate investment books out there. It takes you through the details in a concise, easy to read manual.
In this audiobook, you'll learn about:
The definition of flipping houses
Basic strategies for flipping real estate
The Don'ts for buying and selling houses for money
The mechanics of flipping houses
The qualities of successful real estate investors
How to flip a house and minimize taxes
Flipping vs. renting
Intro: Basically, to flip a house means to buy it first and then resell it at a profit. Say, you buy a HUD repo, without even having to pay an initial deposit. You live in it for while, repair and paint it to earn a profit that enables you to buy a second house by paying cash. Fix this house to make it look real good and sell it for a handsome profit so that it can be reinvested in a third house! That's what flipping is all about and your profits could roll in within months.
Your secret for continued success lies in the fact that you have to locate houses requiring cosmetic work only and not structural repairs that cost more. If you can manage to repaint it yourself and update its lighting, plumbing and carpeting at minimum cost, your profits on selling it are definitely going to soar. There's no start-up money involved in this business and the sausage, as they say, fries in its own fat! You can avail various loans to get started and will also receive help from sellers about the closing costs. Just apply a bit of design psychology to make your home look better and you will never have trouble finding a buyer who's willing to pay more.
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