Flipping Real Estate
My husband and I have been blessed to be so successful investing in real estate. I’m not telling you that to brag; rather to let you know it’s possible for you to do it, too!
We bought our first home right after we got married and then soon after, we purchased another tiny little house, fixed it up, and resold it in a few months (flipped) for nearly double our money. That was the beginning of 40 years of house flipping, with a total of around 70 flips.
We’ve always believed that every piece of real estate has positives. But when the negatives out-weigh the positives, it may not be the right one to buy. There are so many factors to take into consideration when you’re purchasing a home for profit. That’s why it’s so important to have an agent that will be candid with their legitimate experience in the field. (Just because someone’s business card says “expert” doesn’t necessarily mean it’s true!)
We believe that most things can be fixed or improved in a home. With experience comes confidence. Some foreclosures or homes with water problems can be REALLY scary to buy, but when you have a plan and have budgeted for the worst scenario, you can rest easy and get to work. Some of the best deals are houses that everyone else is afraid of.
With that said, as we’ve mentioned before, there are certain characteristics a property may have that would put a ceiling on your potential profit. Everything else may line up, but if one of these factors is in play, it may cost you more than it’s worth!
With the experience we have at Reinalda Lancaster Real Estate, you can be sure your investment will be a good one. You may have to be patient to find the right one, but it’s out there, and we’d rather the purchase process take a little longer than have you end up with a home that limits your profit!