As a Realtor who’s “flipped” a number of properties I’m often asked the best ways to make money buying and selling real estate. There are a number of ways to make money on real estate but if you want to flip properties there are certain things to look for when buying.
The key to making money on real estate is to find a property priced low because it’s unattractive to most buyers. Most buyers want to find a home they can move into and live without renovations. Knowing how much repairs cost and which add the most value you might find a property that most buyers avoid because of the work needed. Find one that looks worse than it actually is.
A newer home with newer parts (furnace, vinyl windows…) may look bad at first impression and scares most buyers off. Most buyers don’t want to invest any time or money in their new investment. If you are willing to invest some time and money, and it isn’t greater than the value in build in the property, there’s a margin of profit to be made.
There are many more points to consider if you are planning to buy a property with intentions of flipping for profit, and I’d be happy to work together with you to make you the most margin of profit on you real estate flip. If done right it can be very profitable.
If you’re planning to flip properties for profit let me put my experience to work for you. I will search out money making properties, I will show you how to get them at their lowest price and I’ll show you which improvements offer the most value – every property is different.