Find an undervalued property, fix it up and sell it. This house-flipping game is popular among many investors, but of course, like almost anything in business, it’s never as easy as it sounds. However, if you take the real estate maximum of “location, location, location,” you can possibly zero in on where house flipping is most lucrative, and why. Clues to look for, according to auction.com: Property values are trending up for the foreseeable future. Shorter turnaround times from purchase to sale. Labor and construction materials are readily available, at …

Representing investor clients is a very different ballgame than dealing with conventional buyers and sellers. But while seasoned investors generally don’t need much guidance when it comes to the basics of turning a home into a rental property, homeowners who are looking to convert their house into a business often need a lot of help. Here are some things they need to know. Is it legal? Depending on where you’re located, turning an owner-occupied home into a rental property may not be legal. Restrictions are even more likely if they …

Even with the current short inventory for available homes for sale, house flipping continues to be a lucrative incentive for profits. One of the keys to flipping success is the balance of supply and demand — the market your client chooses has to have a healthy dose of both. Of course, the current lack of inventory affects the rule. According to Money, the average flipped house is getting smaller — only 1,422 square feet, on average. Even so, RealtyTrac reports that, in 2016, gross profits for flipped houses was almost …

house flipping

Starsky and Monica Owen are partners in life and in business. The husband/wife duo run The Owen Team, a real estate team based in the Austin, Texas area. Both of the Owens are real estate agents focused on buyers and sellers. But they’ve always harbored an interest in home-flipping and decided in recent years to pursue flipping not only as a new business venture, but as a way to promote their broader real estate business. In particular, they harnessed the power of video and Facebook. Videos are the way to …

house flipping

Flipping homes is making a comeback. The reason for its renaissance is not at all similar to what drove the house flipping frenzy in the years preceding the housing market meltdown of 2008. No, this time around house flipping is popular because there are still so many foreclosed properties sitting idle on the market following the housing meltdown. So much available distressed inventory makes it easy to buy real estate for less money, invest modest amounts of capital in renovations, and then turn around and flip the homes for a …

House flipping

Trying to flip a home can be frightening. It takes a lot of confidence to invest a bunch of money in a house with the hope that it will pay off in the end. Distressed home + desirable location = $$ The goal when you’re trying to find a home to flip is to find a not-so-hot house in a either a hot  or up-and-coming area. The idea is that the land is valuable, but it’s a pain to deal with the distressed property that is currently occupying it. The …