Considering buying an investment property and flip? Work with me!
House flipping is when real estate investors buy homes, usually at discounted price, and then resell them at a profit month down the road. The very first step to flipping a house is finding a discount property most of the time with your real estate broker. The goal is to buy low and sell high and keep repair costs to a minimum. I can help you with this complicated process as I work closely with the banks, real estate auctions, estate sales and private sellers. Unlock the benefits of flipping homes or owning rental properties TODAY!
Now, anyone can build wealth through real estate, including you. Don’t be late to this game.
Number 1 Investor Problem is always Lack of Money.
If you want to flip a house, you need quick access to cash. How to Get Funding for Your First Flip. If you do not have a lot of startup capital to work with, you can still get into flipping houses. One way is to get a Hard Money Loan. A Hard Money Lender is an individual, or a group of wealthy individuals, who lend money for the purpose of rehabbing houses. It is a short-term loan you repay monthly with the balance paid in full when the house is sold. Some Hard Money Lenders provide funding without checking your income or your credit report. Ask me how I can help you today as I work with many lenders!
What Makes a Good Real Estate Investment?
Not every house makes a good flip. Find a home in a desirable neighborhood or one that’s on its way up. You can improve a house all you want, but it’s next to impossible to improve the personality and safety of a neighborhood on your own. I can help you finding this “perfect flip” As always Location, Location, Location is the key here…
Before, During and After House Flipping Example!
According to ATTOM DATA SOLUTION homes flipped in Q1 2018 sold at an average gross profit of $69,500, up from an average gross flipping profit of $68,250 in the previous quarter and up from $66,287 in Q1 2017 to the highest average gross flipping profit since ATTOM began tracking in Q1 2000. https://www.attomdata.com/news/market-trends/flipping/q1-2018-home-flipping-report/ Ask me how I can help you today!
Example: Located in Chicago-Dunning bank owned property purchased at a big discount. After rehab the investor made a nice profit of $89,500.
Example: Located in the North Shore Chicago Suburbs this bank owned property was purchased at a big discount. After rehab the investor made a nice profit of $114,700.
Example: Located in the North Shore Chicago Suburbs this bank owned property was purchased at a big discount. After rehab the investor made a nice profit of $94,800.
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