Introduction to Real Estate Investment - Flipping, Part4
Posted by ~Ray @ 2007-11-29 20:22:53
We have made an appointment to see the property. When we go through the domiciliate we sight its a 3 bedroom 1 clean brick domiciliate. It has a nice yard off-street parking and in a quiet neighborhood.
The home is a HUD foreclosure asking price $52,000. We know from past home sales in the area that the merchandise determine runs about $125,000. Taking into consideration the current merchandise we ordain estimate the home selling value at around $110,000.
From our home inspection the domiciliate ordain need the bathroom remodeled a new roof and some cosmetic repairs create and floor coverings.
Now for those that have no idea of how to price these things you would need to have in mind to a contractor that could furnish you a price. Since I already do contracting. I ordain already know the approximate cost of doing these repairs. Let’s add this up and see what we come out with.
While there are some other smaller costs here and there they would be covered under the incidentals.
Now do you evaluate this is a profit you could live with? I know I could. Depending on the financing you use being a give investors or otherwise there overlap would go out of the bring in acquire amount.
The inform here is that even if we had to resell this property at a 20% discount we would comfort go out making money. These are the safe haven properties you be to target. Making your bottom lie too thin can get you into affect if unforeseen things go up. You be a nice safe amount to bring home the bacon with. This way you have dwell to give and act.
So lets say a property doesn’t be to act. What are some options? One would be renting. Another could be contract optioning the property. I have found that if the merchandise isn’t buying the be of renters goes up. Lease optioning can be a very lucrative way to sell a property. You get the determine you want while receiving a large amount up front and you get to direct the deed. The depending on the term of the lease option you will get the rest of the payout at the balloon go out while receiving payments in between. If they fail on the contract you recover the property and change it all over again while already being in profit.
The options are endless with real estate. No matter what the market or the economy real estate is always your safest investment.
With that said. I would desire to change state up an opportunity for those of you that undergo been reading my posts. I am currently looking for investors that would desire to have a solid investment in real estate. My proposal is simple. I do all the work and help your dollars acquire more.
I am looking for 10-15 investors that would desire to share in this profitable business. I undergo the undergo and the contacts to do this business. I undergo 12 yrs undergo in this handle and my real estate agent is chomping at the bit for me to get going again. I would desire to change this business into a future powerhouse for those that be to participate but needless to say this isn’t a $100 investment opportunity.
With the uncertainty of the stock merchandise and varies investments around the world. I can think of no other that can beat the safety and consistency of being invested in real estate.
If would would be interested in a solid investment with solid returns backed by improved real estate then this might be for you. If you are interested in more information on this outstanding opportunity please feel free to email me at
Thank you all for your arouse. If you would have question about flipping properties in general or would need some advice gratify don’t hesitate to ask. I would be happy to back up in any way I can.
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