Posted on August 05, 2009 by admin

If you are interested in wholesale real estate will want to pick up a few house flipping tips to keep their costs down and profits high. In the house flipping game it’s all about how you set your budget and the final selling price of the home. So, with the aims of keeping you, the real estate investor, within budget here are several house flipping tips towards success.

* Choose the Right Property

It’s possible to be so eager to get into wholesaling property that you buy the first cheap house you can find. House flipping is about more than buying a cheap house. It’s about finding the right cheap house. You want a property that is structurally sound, but needs

Posted on August 04, 2009 by admin

I’ve seen investors buy properties at 30, 40, 50% of the current appraised value. This was once mind boggling to me. Why would a seller give up so much of their equity?

You never know what type of situation a seller can be experiencing at the time. But as investors, we can become the solution, the breath of fresh air for the seller. Of course a seller will try and get all that they can for a property, and they should. But as investors, we are looking for the great deals, this is how we make our money.

Posted on August 03, 2009 by admin

If you’ve been renting for the past few years or a first time home buyer, that’s great. You’ve saved yourself a hundred grand! Now’s your chance to jump into the market and buy a house.

Here’s how I look at it. A house that was $250,000 a year ago might be fairly priced today at $200,000. Undoubtedly, one of the thousands of homeowners trying to sell a house for $200,000 these days is desperate, and would take $150,000. Their place has been on the market for six months or more, without a single offer.

Posted on July 29, 2009 by admin

For those who are old enough to remember, or who know history, there were economic downturns in 1974 , 1982, 1988 and 1998 . . . and during those downturns banks quit lending to investors and they approved only homebuyers with down payments . . . and eventually the lessons learned in those downturns were forgotten, or faded, and the lending requirements were loosened and the real estate market climbed uphill once again. . . .

Posted on July 29, 2009 by admin