2007-02-25 12:23:42 · 6 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
IF you know a realtor you can trust. Most realtors have relationships with investors or also invest in real estate themselves and they keep the best deals that would be great flips for their investors or themselves.
Make a good realtor contact and you could have some power to find good deals too :) if you need financing there is some info at http://www.fivestarsmortgage.com/investor-loan/
2007-02-25 12:28:28 · answer #1 · answered by Anonymous · 1⤊ 0⤋
As a Realtor, I would not advise a client on flipping houses. If I advised a client to purchase with the intent to flip at a profit and the property does not sell, the client will lose money. Who do you think they will want to hold responsible for their failed flip? Flipping is much too risky to jeopardize my reputation and license as a real estate professional. Another example would be if a Realtor advised you to buy a property because the property value will double in 2 years. How can any Realtor be certain of future value. They can't! My point here is that it is not a good practice to advise clients to purchase based on future value or flip "potential".
2007-02-25 21:44:00 · answer #2 · answered by Derrick L 2 · 0⤊ 1⤋
Rick is wrong, flipping is not a thing of the past, myself and many others do it daily.
My first suggestion to anyone looking to flip is to find a Realtor who knows what they are doing. I flip homes, but only after I offer the deal to my investors. As a Realtor i would just add you to that list, i do not play favorites, and when i come across a flip i call all my investors. If all pass up for one reason or another that is when i may step in and buy. My clients are always first. Point being there are a lot of flips out there and if you want to find them you are going to have to find yourself a good Realtor.
Good luck,
RE Agent,
Remax
2007-02-25 21:28:05 · answer #3 · answered by frankie b 5 · 1⤊ 0⤋
The truth is, if they know which ones are going to be easy to flip, they will buy it themselves, or pass it to a friend or relative, they will not tell you which are the best, A better way to find houses to flip is to check out the houses being sold by owner, they can sell at a lower price, because they don't have to turn 7% over to a realestate agent,
2007-02-25 20:35:47 · answer #4 · answered by Kimberly H 4 · 0⤊ 0⤋
If a house is below market
1. they would flip it there self.
2 they would have a flipper that pays them a side fee. " finder fee of the books"
3 They would not tell you or the public. Sort of makes you think what els are they not telling everybody? That would short the market and thus drive up prices, Oh my that could make a overinflated bubble..
http://www.breakingbubble.com/
2007-02-25 23:42:50 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Flipping is dead. Buy now, and you've bought past the top.
2007-02-25 20:35:31 · answer #6 · answered by Rick 2 · 1⤊ 1⤋