A Beginner's Guide to Flipping Houses

Apartments For Rent In Pensacola Fl - A Beginner's Guide to Flipping Houses

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

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Apartments For Rent In Pensacola Fl

A friend of mine, we'll call her Tai, made a fortune in real estate, beginning at the age of twenty, with no help from anyone 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 behalf 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 behalf 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 behalf to pay cash for yet someone else house, as well as being able to buy the practice pickup of her dreams. And all of this had happened in the span of just nine months!

Tai's formula 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 important profit.

Flipping houses is the most tried-and-true way to make a fortune in real estate, so don't listen to anyone 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 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 behalf of at least 0,000 for just one month of hard work!

But we take the process a step further, manufacture our houses outshine the competition by also using found 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 high-priced than the house next door.

There's no other business that can make you as much money, with as little 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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