Essay On Fixing And Flipping Houses

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Fixing and flipping houses is one of the more popular strategies for making money in the real estate market. It is one of the more looked down on strategies as well, but that is easily overwhelmed by the fact that the good old fix and flip is one of the most profitable strategies in the business. A fix and flip strategy is relatively simple: it doesn’t matter what the market is like, doesn’t require a lot of money, doesn’t take a lot of time, and generates a lot of cash. It involves buying a property, fixing it up, and selling it afterwards. The idea is to buy as cheap of properties as you can, perform the necessary repairs and modifications, and then sell the properties for as of a profit as you can in the current market. In the real estate world, fixing and flipping, while popular and easy, is not one of the better looked upon strategies. In fact, to most banks and businesses, the fix and flip is downright dirty. Be prepared to face a lot of criticism, because some of it is actually founded. Many of the homes and properties that are for sale for cheap belong to families who are bankrupt, or who have to sell their homes to prevent bankruptcy. But the nasty reputation is founded in the few black sheep of the business. There are always those people who exploit and undermine the real estate market: George Parker, who made a fortune by selling national land to out of state tourists, like the Brooklyn Bridge and the Statue of Liberty. Fix and flip con men swindle on a lower scale than selling you your favorite landmark, but it is no less serious. Some con men buy properties, barely fix them, and sell them to a buyer who then has to spend thousands of dollars repairing a home he thought had been improved. Another con is when the e... ... middle of paper ... ...s selling for? What is the demand for properties similar to yours? Once you find an appropriate buyer and an appropriate price, it’s time to make the sale, and walk away with your wallet a little fatter. Don’t be fooled though. Fixing and flipping is not as easy as it may seem on daytime television. The real estate business cannot be predicted, even though it follows a cycle of high points and low points. Sometimes waiting to flip a house in a better market will end up draining your funds as you pay interest on a house you never meant to sit on in the first place. The ideal fix and flip is accomplished within 90 days. It’s a fast and furious business strategy. Fixing and flipping real estate is a great way to approach the real estate market, in spite of its nasty reputation. Approached with care, it is an easy way to make money in the business of real estate. So

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