By Bob Schwartz, CRS, GRI, San Diego real estate
broker
�2007
Broker For You
All rights reserved.
If you want to capitalize on your profits off of a property, then the way to do
it is to flip properties. Flipping properties is a term that is commonly used in
real estate. It is where someone will purchase a property, put in some minor
changes, and resell the property for more profit. If you want to invest a little
and make more, then this is a really good way to get into the real estate
business.
Normally, you will begin flipping a property by finding a home that is
under-priced for the current real estate market. These are usually called 'fixer
uppers' and are available on the market all of the time. Any type of
foreclosure, home at an auction, or home that has been neglected can be bought
for a lower price. Flipping properties will most likely be tried by dealers or
retailers, but it is possible for anyone to take part in the art of flipping
properties.
After you have located a home that needs some mending, you will purchase it like
you would any other home. Usually, you will be liable for going through the
mortgage process and will sign a deed of trust for the property. When you do
this, you will want to make sure that you sign it as a business instead of an
individual. As soon as the paper work is finished, you can move into the home,
make some alterations, and put it back on the market for a higher price.
Renovating and reselling is the major strategy behind flipping properties. If
you want to remain ahead in the market and begin to make money, then knowing the
basics of this and how to work as a business with real estate is one of the
possibilities to make a living. There are numerous people who have worked with
real estate and flipping properties, and who have had the chance to make a large
amount of money off of their investments.
ABOUT THE AUTHOR
Bob Schwartz, is a Certified Residential Specialist, CA licensed real estate
broker with www.Brokerforyou.com. Bob
has over 27 years of residential real estate experience, authored a number of
published articles and served as an expert witness for
San Diego legal firms. You can contact Bob via
e-mail at brokerforyou@gmail.com or visit his highly popular
San Diego real estate website at:
http://www.brokerforyou.com
This work is protected under copyright and may not be published in other works without express written permission
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