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Flipping and Fixing Houses for High Return on Investment Capital

Investors love to make a high return on theirThis investment plan assumes that you have
money. That's why so many millionaires investthe knowledge and skills, time to work on
in real estate. You can leverage your moneyyour fixer, and that you sell the house as
using other peoples' money when you financesoon as its finished to a qualified buyer.
real  estate.Home improvement centers help you with how-to
classes, brochures, and advice. You need to
Many real estate investors make $5,000 togive up your free time--TV, parties, leisure
$10,000 or more by flipping houses. Theseactivities and work on your fixer. You could
investors buy a home from a distressed sellerhire workers, but contractors and laborers
and resell it quickly for a profit. Justwork  slowly  and  eat  up  your  profits.
because a seller has serious problems like a
pending foreclosure or divorce doesn't meanThe last part of the equation, selling your
the house is a fixer. Many distressed sellershouse quickly to a qualified buyer means you
offer prime houses in perfect conditionneed to do your homework. Many investors seek
discounted  for  a  quick  sale.free help from a loan officer to price the
house right and to qualify their buyers.
Distressed sellers jump at the chance to getThese investors earn the sales commission by
out from under their overwhelming problemsselling  their  houses  by  owner.
with an offer to close in ten days. To
purchase a home quickly, you need to beThe most important issue, how you fix up your
prepared to offer cash or a have secure loanhouse, ensures that you quickly attract a
in  place  with  a  reliable mortgage lender.buyer willing to pay top dollar for your
transformed property. Investors using Design
Other real estate investors prefer to buyPsychology strategies for fixing houses sell
fixers from distressed sellers. Distressedtheir homes, for more than the asking price,
fixers present the best bargains to make thethree  hours after putting the yard sign out.
highest return on your money. For instance,
if you put 5% down on a $200,000 home, spendWhether you want to make money investing in
$5,000 fixing the house up, and anotherreal estate by flipping or fixing houses, you
$3,000 in payments, your cash investmentneed to understand your market. To get
totals $18,000. If you sell the home for astarted in your real estate business, go
$70,000 profit like many rehabbers, you canhouse shopping. You'll soon learn how to pick
see that your return on your investment ofup a flip or a fixer and be on your way to
$18,000 for two months exceeds most othermaking  a  high  return  on  your  money.
types  of  investments.
Copyright © Jeanette J. Fisher.



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