Do you need an investor? If you don’t get an investor, do you have to pay in full? Or, is it just like buying any other house, making a down payment and then paying a mortgage? As you can see, I know nothing about buying a house. As far as a budget for renovation goes, how do you decide that? Do you need a real estate license to be a house flipper?
2007-09-24 07:51:51 · 2 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
I seen some good article about it at http://www.flipping-homes.com
2007-09-24 08:44:43 · answer #1 · answered by tiffeny 4 · 0⤊ 0⤋
This Site Might Help You.
RE:
How do you become a house flipper?
Do you need an investor? If you don’t get an investor, do you have to pay in full? Or, is it just like buying any other house, making a down payment and then paying a mortgage? As you can see, I know nothing about buying a house. As far as a budget for renovation goes, how do you decide that? Do...
2015-08-24 06:17:34 · answer #2 · answered by ? 1 · 0⤊ 0⤋
Flipping is still a good way to earn a living. I am surprised that people are saying differently.
When the stock market hit a snag, you don't hear people saying don't invest in the stock market. You just have to have a different strategy as in the stock market.
People that make a living flipping properties simply find a different strategy to do their investment.
If you are asking these type questions, you need to go to a book store, find several books on flipping properties for a profit or other titles that strike your fancy.
You might also purchase one of the midnight guru flipping packages they advertise. These packages will give you some legal forms you will need.
They will also give you a few scripts to follow when meeting your potential clients.
There are also a few formulas that will tell you when you have a deal or not.
Once you have read your books, got the guru's flipping package, you now need to sit down and develop a marketing plan so you can be successful in your chosen career.
I hope this has been of some use to you, good luck.
"FIGHT ON"
2007-09-24 09:15:40 · answer #3 · answered by loanmasterone 7 · 5⤊ 0⤋
You need money or know people with money. You need to get an education about the risks of flipping houses, especially in this soft market. You do not need a real estate license if you work with someone who is. You are probably too late for the game this round.
2007-09-24 08:13:01 · answer #4 · answered by Christiane 3 · 0⤊ 0⤋
Oh my - spend about a year researching this before attempting to do anything or you're going to lose all your money & have your credit go down the drain.
It looks easy on tv, but it's a lot of work and you have to know exactly what you're doing or you'll dig yourself a huge hole.
2007-09-24 08:07:47 · answer #5 · answered by Roland'sMommy 6 · 1⤊ 0⤋
In this market it is a sure way of getting burned.
2007-09-24 08:05:02 · answer #6 · answered by Questioner 3 · 0⤊ 0⤋
the flipping markets are over............take your money and open a roth-ira or similar investment. i flipped 3 houses this year but the markets are changing significantly.
2007-09-24 08:09:40 · answer #7 · answered by tommy trump 1 · 1⤊ 0⤋