Go To Investment Home | Add to Favorites
Fixing And Flipping Houses For High Return On Investment Capital
Many real estate investors make $5,000 to $10,000 or more by flipping houses. These investors buy a home from a distressed seller and resell it quickly for a profit. Just because a seller has serious problems like a pending foreclosure or divorce doesn't mean the house is a fixer. Many distressed sellers offer prime houses in perfect condition discounted for a quick sale.
Distressed sellers jump at the chance to get out from under their overwhelming problems with an offer to close in ten days. To purchase a home quickly, you need to be prepared to offer cash or a have secure loan in place with a reliable mortgage lender.
Other real estate investors prefer to buy fixers from distressed sellers. Distressed fixers present the best investment to make the highest return on your money. For instance, if you put 5
own on a $200,000 home, spend $5,000 fixing the house up, and another $3,000 in payments, your cash investment totals $18,000. If you sell the home for a $70,000 profit like many real estate fixers, you can see that your return on your investment of $18,000 for two months exceeds most other types of investments.
This investment plan assumes that you have the knowledge and skills, time to work on your fixer, and that you sell the house as soon as its finished to a qualified buyer. Home improvement centers help you with how-to classes, brochures, and advice. You need to give up your free time--TV, parties, leisure activities and work on your fixer. You could hire workers, but contractors and laborers work slowly and eat up your profits.
The last part of the equation, selling your house quickly to a qualified buyer means you need to do your homework. Many investors seek free help from a loan officer to price the house right and to qualify their buyers. These investors earn the sales commission by selling their houses by owner.
The most important issue, how you fix up your house, ensures that you quickly attract a buyer willing to pay top dollar for your transformed property. Investors using Design Psychology strategies for fixing houses sell their homes, for more than the asking price, three hours after putting the yard sign out.
Whether you want to make money investing in real estate by flipping or fixing houses, you need to understand your market. To get started in your real estate business, go house shopping. You'll soon learn how to pick up a flip or a fixer and be on your way to making a high return on your investment capital.
Copyright (C) 2005 Jeanette J. Fisher. All rights reserved.
About the author:
Jeanette Fisher, author of Sell Your Home for Top Dollar--FAST! Design Psychology for Redesign and Home Staging, teaches Design Psychology. She also wrote Doghouse to Dollhouse for Dollars and other books. http://www.doghousetodollhousefordollars.comFor a free report, "Design Psychology for Selling Houses," go to http://sellfast.info
Source: Article Directory
Industrial Income Property Financing: Part 3 Of 3
Welcome to the third and final segment of a three-part series about income property. In this segment we will be discussin...
Renewableenergystocks.com Reports: “new Astris Hydrogen Powered Fuel Cell Golf Car Launched At Recent Investment Conference”.
February 7th, 2005 RenewableEnergyStocks.com Reports: “New Astris Hydrogen Powered Fuel Cell Golf Car Launched at Recent Investment Conference”. POINT ROBERTS, WA. February 7th, 2005 - www.RenewableEnergyStocks.com, a global investor and industry news portal for the renewable and alternative energy sector, reports that featured company, Astris Energi Inc. (OTCBB: ASRNF) launched their ...
Sales Tax Vs. Income Tax
The United States is currently suffering under an unimaginably complex tax system. The maintenance of this beauracratic behemoth costs the taxpayers billions of dollars every year. The direct costs borne by the taxpayers are small in comparison to the costs borne by corporations and individual taxpayers in attempting to comply with all of these Federal government regulations.The people of the United States and their elected representatives are now looking at two options to replace the current tax system: The Flat Income Tax and the National Sales Tax.The Flat Income Tax represents a modification of the current tax system, where the National Sales Tax represents ...
|
 |
|
|
Investment - Sanity Check - Buying A Business
In the business broker community there is a review process that helps a buyer determine if a business purchase makes sense or not. This check can be done by a Fortune 500 company where everything is figured down to the penny and takes 1000 hours of research or it can be done by a small main street shop buyer who figures it out in 1 hour. Each item in this review process requires a decision. This decision can be based on extensive research or just on a reasonable guess. The beauty of this process is; how long you want to spend on doing this activity is totally up to you. As we review this process, I will explain the variables of this system so you can make the necessary decisions where needed. Remember, this is only a tool to help you make decisions about a business purchase; it is not a sure-fire foolproof system. I will just la... |  |
| Investment - E-currency Exchange Trading
I have searched high and low and tried MLM's such as Market America, Quixstar, Trek Alliance and Amway. The business idea works, however people need to sell products and build their downline to be successful. I hated the idea of trying to convince people that Market America, Quixstar and all the other MLM's worked. In fact, that was the hardest thing to do was to convince somebody that these MLM's worked! I have finally found a system that involves no s... | |
| Investment - Make An Informed Decision Buying A Forklift
An accurate and meaningful parallel can be drawn between forklift prices and automobile prices. The variations in forklift pricing depend on several factors, such as manufacturing brand, technology, and overall reliability. Top class forklifts are expensive but they also ensure a longer operating life and overall increased durability and efficiency. The variations in prices, just like with cars, also depend on geographical positioning, dealerships, local regulations and the state of the machine... | |
| Investment - The Importance Of Planning
Are you planning to start a new business? Or are you considering expanding your current business and require a bank loan or investment from outsiders?If you are going to look for an investment of capital it is quite likely that you will be required to have a business plan. If you are starting a business, despite the work involved, a business plan can prepare you for the obstacles ahead and help ensure your su... | |
| Investment - Indiastockmarket.com Presents “twenty Six Blue-chip Companies In India” - An Exclusive Feature By Well Known Market Analyst Dr. Udaylal Pai.
For Immediate ReleaseDate: November 10, 2004IndiaStockMarket.com Presents “Twenty six blue-chip companies in India” - an exclusive feature by well known market analyst Dr. Udaylal Pai.POINT ROBERTS, Wash., Nov... | |
| Investment - Sales Commission - What Return Should You Expect On Your Sales Compensation Investment?
This article answers the following questions: * How do most companies look at return on investment (ROI) for their... | |
| Investment - Homebuilderstocks.com Reports: Commerce Department Announces Record Levels Of Single Family Home Sales In June
US Department Of Commerce Report States That Single Family Home Sales for June Increased By 1.4% over MayPOINT ROBERTS, WA. July 28, 2005 - www.HomebuilderStocks.com, (HBS) a ... | |
| Investment - Do You Want To Generate Extra Dollars And New Friends In The Stock Market?
What is an Investment Club?The definition of an investment club is simple: a group of people who share an interest in the stock market pooling their resources into one large investment. Defining how an investment club works is more complicated.The majority of the time the investment decisions will be made after some research has been done regarding the stock that is under consideration. This will be discuss... | |
|
|