does sucess on flipping houses only depend on if the market goes up or dow and can you find out?

Question

im chinese my english is bad sorry

Answer 1

No the housing market does not depend on the stock market if thats what you mean. There is a housing market per say. Real Estate Investment Trusts (REIT's) are a common investment. But they are different from security to security. If you are serious about flipping a house, you need to determine mininal repair costs. You are not going to buy a house and just turn around and sell it for a profit, you have to invest or repair things that will increae the value. So whip out your contracting skills and get hammerin'

Answer 2

You can make money in down markets flipping real estate. You just need to work harder to identify a property that will give you a good profit after a renovation.

Some things scare people away from a property and if you understand the problem you can pick up the property very cheap.

I bought a house with 30 columns in the basement. I looked at this and figured with 2 columns and one piece of steel I can clean it up and did. I sold it for twice my investment in 1 year.

Good luck.

Answer 3

The market does not predict if you will make money or not. Although it does have some bearing on it the biggest effect on a flip is what you pay for the home, and what you have to put into it.
Make sure you have a qualified agent who knows what your intentions are. Some of the best money to be made in real estate is in a "down" market when others are not buying.
Buy low, sell high.
Good luck,
RE agent,
Remax

Answer 4

Making money in Real Estate happens when you buy not sell. How you buy and at what price. Always make sure you buy right. Basic formula = 75% or lower of ARV(after repaired value) minus fix up costs = MAO(maximum allowable offer). If you stick to this formula and make sure you get the ARV part right, you will make money on a flip. Even if you have to dump it fast, there is still some profit left in it with this formula. Example: ARV of home is 100,000. Home need 14,000 to fix it up to be worth 100,000. 75% of 100,000 is 75,000. 75,000 minus the 14,000 in fix up leaves you with 61,000 MAO(maximum allowable offer). Hope this helps.