Already on ArticleSlash?

Forgot your password? Sign Up

A Beginners Guide to Flipping Foreclosure Houses

 


Visitors: 286

If you want to make your fortune in real estate now is the time to take action. Do not let it remain a dream forever because the current market conditions mean that it has never been easier to make money flipping real estate, even if you are inexperienced or have little capital.

Flipping houses has long been a very profitable way to make quick cash. The old formula (when prices were soaring) was to buy a house that required cosmetic work, avoiding any property in need of structural work. After painting inside and out, changing kitchen and bathroom fittings , carpets and lighting it was possible to sell the property on after only a few weeks usually for a profit of around $30,000 - £60,000. This model has changed slightly now that prices have started falling. However it is still easy to profit from flipping.

The new model that is making lots of real estate investors big money is to buy properties that have been foreclosed, or are in danger of foreclosure. Once the banks take ownership of foreclosed property they need to sell quickly to get their capital back. Similarly when houses are under threat of foreclosure the owners are often desperate to sell. In both situations virtually every time it is very easy to buy the house for significantly less than the true market value.

The new business model is to buy foreclosure property at below market value and then resell it immediately at market value and walk away with the profits. Finance deals are usually available so that little or no down payment is required.

There are few businesses where it is possible to make so much money as real estate, even when prices are falling. In fact falling prices mean there are even more bargains and money making deals to be done out there.

Get started making money from flipping houses with more information about how to make money from todays real estate market.

(337)

Article Source:


 
Rate this Article: 
 
Flipping Houses For A Profit - Is It Illegal?
Rated 4 / 5
based on 5 votes
ArticleSlash

Related Articles:

Flipping Houses For a Living A Book Review on the Book Flipping For a Living by .

by: Forbes J. Douglas (July 16, 2008) 
(Business)

Flipping Houses For a Living

by: Richard Wooldridge (July 15, 2008) 
(Investing)

Is Flipping Houses Breaking The Law

by: Simon Macharia (June 01, 2010) 
(Real Estate/Real Estate Investment)

What You Need to Know Before You Start Flipping Houses

by: Gloria Smith (July 20, 2008) 
(Investing)

Flipping Houses For Profit

by: Kamyar Shah (April 02, 2008) 
(Real Estate/Commercial Property)

Tax Reporting for Flipping Houses

by: George Christodoulou (March 24, 2007) 
(Real Estate)

Home Renovation for Flipping Houses

by: Steve Waller (March 29, 2012) 
(Home Improvement/Remodeling)

Tips for Flipping Houses Successfully

by: James Klobasa (April 19, 2007) 
(Real Estate)

Earn Profits From Flipping Houses

by: Peter I. Wilson (September 09, 2008) 
(Real Estate/Selling)

Flipping Houses For A Profit - Is It Illegal?

by: Joel Teo (July 05, 2007) 
(Investing)