A Beginner's Guide to Flipping Houses

Houses For Rent In Fort - A Beginner's Guide to Flipping Houses

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If you're dreaming of making money in real estate, it's time to stop dreaming and get to work, because making money in real estate isn't just a vague pipedream. It can be done, even by a young and inexperienced person, when you learn how to "flip" houses.

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Houses For Rent In Fort

A friend of mine, we'll call her Tai, made a fortune in real estate, starting at the age of twenty, with no help from anything else. Here's how she did it:

Tai began by buying a Hud repo, which allowed her to get into the house for no money down. Then she fixed it up and sold it herself. At closing, she had made sufficient profit to by a second fixer-upper, but this time, she paid all cash. Tai went right to work fixing her second house, and when she sold that one, she collected profit of ,000, which allowed her to pay cash for her third house!

By now, Tai was comfortable with her formula, and within a short time, she had flipped her third house, realizing sufficient profit to pay cash for yet another house, as well as being able to buy the custom pickup of her dreams. And all of this had happened in the span of just nine months!

Tai's recipe was simple. She settled houses that needed only cosmetic work, avoiding those that required structural repairs. She did all the painting herself, inside and out, and updated the home's lighting, plumbing fixtures, and carpeting. Once renovations had been completed, all three houses sold quickly, and at a critical profit.

Flipping houses is the most tried-and-true way to make a fortune in real estate, so don't listen to anything who tries to tell you that it can't be done or that you need to have a great deal of start-up money. That's not true. You can buy houses with no money down straight through discrete loan programs, and sellers will often help you with the closing costs.

I know what I'm talking about. My husband and I bought our 27th house earlier this year, for no money down, and we expect to make a profit of at least 0,000 for just one month of hard work!

But we take the process a step further, making our houses outshine the competition by also using manufacture Psychology, although our buyers never know that. All they know is that they feel good when they're in our homes, which makes them want to buy them, even if they're more expensive than the house next door.

There's no other company that can make you as much money, with as slight start-up cost, in as short a time, as investing in real estate. In fact, more millionaires made their fortunes in real estate than in any other business. And you can do it, too. You just have to stop dreaming and get started.

Copyright © 2004 Jeanette J. Fisher. All possession reserved.

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