How to Flip Houses
July 2, 2008
An interesting profile of a real estate investor that buys houses on the courthouse steps, and then flips them for big profits. The story outlines what he does and how to flip houses. The biggest part of his job is knowing the market he’s in and educating himself on whats going on within his marketplace. And he keeps a cash reserve so that if things turn bad within his particular market, he can weather the storm and wait until the market improves.
Comments
Got something to say?
Real Estate Quote of the Week
"I often hear remarks from agents like, “the bank sold that house really cheap - 30% below market value”. I don’t agree with that kind of statement. If various banks are the only sellers selling in an area and they are selling all of their houses at a perceived “below market” sales price - perhaps that IS the market for that product in that area. A good price fixes any of the various bad conditions. There is no good reason to take (or keep) a listing that isn’t going to sell."
Russell Shaw - in AgentGenius from Phoenix AZPolls
Loading ...
