Home | Service | Blog | Contact  
logo1
LOCATION:   Home > Intermediate Investors > Flip

Beginning Investors
Buy a House
Upsizing
Buy and Hold
Find a Tenant
Intermediate Investors
Pre-construction
Rental Property
Resort Property
Flip
Rent To Own
Sophisticated Investor
Joint Venture
Power of Sale
Wholesale & Assignment
Apartment Building
Commercial Property

Flip


Flip, flipping, or house-flipping generally means the process of buying-fixing-and selling a property (usually called Fixer-uppers) in a short period of time.
There are three basic types of Flip:

  1. Cosmetic flip – This is the simplest and cheapest way of flipping, sometimes can only involve some paint job, new flooring, and landscaping etc.
  2. Intermediate flip – This may involve extensive renovation from structure demolition to adding addition rooms of the house.
  3. Total flip – This is basically gut out the existing house, and build a new house from scratch.

flip a house

Flip can be a very attractive way to invest in real estate:

  • Potential big return on investment. A successful flip can make a profit anywhere from $50,000 to $100,000, or even more.
  • Quick profit. The whole flipping process general takes 3 to 6 months from buying a flipping house to sell it. The longer the flipping project stretches, the less money will be made as costs involved (mortgage, property tax, interests, and utility bills) will eat away the profits.
  • Hassel free. No tenants to deal with. No worries about the long-term market ups and downs.

Most of us are no stranger to the house-flipping. Television shows such as ‘Home to Flip’ (HGTV) and ‘Flip This House’ (A&E) etc. are making potential investors to believe Flipping is the way to go for quick money.

In reality, flipping a house is not as easy as those TV show illustrated. It is more a game for experienced real estate investors. In order to be a successful flipper, you need to do a broad range of homework from target house and neighborhood, home renovation, to financing and budgeting, government zoning by-law etc.; and work with a strong team of real estate agent, lender, contractor, stager, accountant, and lawyer etc.

Most importantly when it comes to flipping, know your limitations.



About Us | Site Map | Links | Privacy & Disclaimer

Real Estate Investment Pyramid

Start your real estate investment Real Estate Investment Pyramidpath with 12 levels of Real Estate Investment Pyramid. A clear and intuitive roadmap for both investment rookie and pro.

 

Real Estate Investment Analysis
housing analysis4 golden principles in investment analysis.
A must read before making any real estate investment decision.
Real Estate Investment Case Study
housing case studyNumbers can tell.
Secrets in successful real estate investment revealed in various RE case studies.
Working with Professionals
real estate professionalBuy
Sell
Rent

Resources
tools
Calculator
Forms
Excel
Realtor
  Copyright© WealthInHouse.com 2012 - 2018 | All Rights Reserved