Obtaining flip and fix projects is a great way to make money in the real estate business. If you love fixing things up and doing handyman jobs, then it is the most ideal way for you to earn huge profits.
In the language of real estate investors, fixing and flipping houses is also known as rehabbing. As the name implies, a rehabber buys an old property, fix it up, and then sell it to a buyer at a higher price. Most investors involved in this type of real estate investing follow a simple, unspoken rule. This particular rule states that all the repairs and upgrades done on the property must raise the latters market value by at least three times.
However, before the rehabbing part, the first thing you should do is to find the property you will refurbish and renovate. You must be prepared for this particular task because according to seasoned rehabbers, most of the time spent on fixing and flipping properties is devoted entirely in finding the right fixer upper house.
Although it sounds like a tough job, there are a number of ways to find a property that you can flip and fix. Some of them are listed below:
1. Placing ads. Running advertisements on newspapers and other media is a time-tested technique. It is probably one of the easiest ways to find a fixer upper home. And with the birth of the Internet, the process has become easier than ever. All you have to do is to post something close to Im buying an x-bedroom house worth $xxxx. Call me online and wait for your telephone to ring.
2. Doing a drive-by. If waiting for phone calls bores you, you can hop in on your truck and drive around the neighborhood. Watch out for for sale signs on front yards or posters placed on electrical poles. And if you are feeling a little friendly, you can ask local residents for leads. Who knows, one of them might be able to point you to the right direction.
3. Finding motivated home sellers. Motivated home sellers can be a great source of investment properties. They can sell you their properties at a hugely discounted price as long as you help them get rid of the house fast.
4. Searching online property listings. Nowadays, there a number of websites that provides listing services for real estate investors. So if you are looking for a property to flip and fix, you can just open your browser and surf the net.
If you want to get more tips on how to find the perfect house to flip and fix, visit Rehab-Real-Estate.com.
In the language of real estate investors, fixing and flipping houses is also known as rehabbing. As the name implies, a rehabber buys an old property, fix it up, and then sell it to a buyer at a higher price. Most investors involved in this type of real estate investing follow a simple, unspoken rule. This particular rule states that all the repairs and upgrades done on the property must raise the latters market value by at least three times.
However, before the rehabbing part, the first thing you should do is to find the property you will refurbish and renovate. You must be prepared for this particular task because according to seasoned rehabbers, most of the time spent on fixing and flipping properties is devoted entirely in finding the right fixer upper house.
Although it sounds like a tough job, there are a number of ways to find a property that you can flip and fix. Some of them are listed below:
1. Placing ads. Running advertisements on newspapers and other media is a time-tested technique. It is probably one of the easiest ways to find a fixer upper home. And with the birth of the Internet, the process has become easier than ever. All you have to do is to post something close to Im buying an x-bedroom house worth $xxxx. Call me online and wait for your telephone to ring.
2. Doing a drive-by. If waiting for phone calls bores you, you can hop in on your truck and drive around the neighborhood. Watch out for for sale signs on front yards or posters placed on electrical poles. And if you are feeling a little friendly, you can ask local residents for leads. Who knows, one of them might be able to point you to the right direction.
3. Finding motivated home sellers. Motivated home sellers can be a great source of investment properties. They can sell you their properties at a hugely discounted price as long as you help them get rid of the house fast.
4. Searching online property listings. Nowadays, there a number of websites that provides listing services for real estate investors. So if you are looking for a property to flip and fix, you can just open your browser and surf the net.
If you want to get more tips on how to find the perfect house to flip and fix, visit Rehab-Real-Estate.com.
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