Offers: This simple word by itself doesn’t seem too scary, but if you ask many people who want to be in the house-flipping business this word seems to make their heart skip a beat. This is such an important and what should be considered a non-emotional part of the business.
Like any business there are learning curves to flipping houses. People rush in and chase after the high rewards without fully understanding the high risks involved for a new comer.
It’s easy to jump into the pool that is the house-flipping business, but will you sink or swim? There are a lot of things in the industry that are, well…simply more than meets the eye. There’s a lot of money to be made in flipping houses, but only if you keep your eyes open and realize what’s what.
We have all heard it been said, “Information is Everything,” “Information is Power,” “He who has the most information is King.” But is it really? And how does any of this apply to the world of real estate and flipping foreclosures? My response to the questions above is: Yes, Yes and Yes, assuming that two conditions are being met:...
Your heart is pounding like crazy and beads of sweat are forming on your brow. You can feel the sheer exhilaration in your body but are also overwhelmed with anxiety. Relax! You’re at a property auction. Sure, there’s a lot riding on you making the right decision right now - one good purchase could launch you into a whole new financial...
Every day, as we gain access to these vacant and dangerous homes, we ask ourselves "How do people live like this? What happened that brought the previous owners to this point in their lives?" Although the majority of the homes we buy are vacant, from time to time I hear the stories of what happened during an individual's financial downturn. These...
Is your home getting a few nibbles but no bites? Has that “For Sale” sign become a lawn ornament? These days it’s not uncommon for a home’s appeal to fizzle out after being on the market for a while, and the reasons may be hiding right under your nose. 1. OVERPRICED “Let’s increase the sale price by $20,000 just to see if we can get...