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Fix and Flip Houses for a High Return on Investment Capital

By Jeanette Joy Fisher

Flip for Fast Cash Many real estate investors make $5,000 to $10,000 or more with a fast flip. These investors buy a home from a distressed seller and resell it quickly for a profit. Often, the investor never even takes title to the property. Just because a seller has serious problems like a pending foreclosure or divorce doesn't mean the house is a fixer. Many distressed sellers offer prime houses in perfect condition discounted for a quick sale. To purchase a home quickly, you need to be prepared to offer cash or a have secure loan in place with a reliable mortgage lender. Distressed sellers jump at the chance to get out from under their overwhelming problems with an offer to close in ten days. Fix and Flip Other real estate investors prefer to buy fixers from distressed sellers. Distressed fixers present the best investment to make the highest return on your money. For instance, if you put 5% down on a $200,000 home, spend $5,000 fixing the house up, and another $3,000 in payments, your cash investment totals $18,000. If you sell the home for a $70,000 profit like many real estate investors, you can see that your return on your investment of $18,000 for two months exceeds most other types of investments. This investment plan assumes that you have the knowledge and skills, time to work on your fixer, and that you sell the house as soon as its finished to a qualified buyer. Home improvement centers help you with how-to classes, brochures, and advice. You need to give up your free time--TV, parties, leisure activities and work on your fixer. You could hire workers, but contractors and laborers work slowly and eat up your profits. The last part of the equation, selling your house quickly to a qualified buyer means you need to do your homework. Many investors seek free help from a loan officer to price the house right and to qualify their buyers. These investors earn the sales commission by selling their houses by owner. The most important issue, how you fix up your house, ensures that you quickly attract a buyer willing to pay top dollar for your transformed property. Investors using Design Psychology strategies for fixing houses sell their homes, for more than the asking price, three hours after putting the yard sign out. Whether you want to make money investing in real estate by flipping or fixing houses, you need to understand your market. To get started in your real estate business, go house shopping. You'll soon learn how to pick up a flip or a fixer and be on your way to making a high return on your investment capital. Copyright © 2006 Jeanette J. Fisher.   Real Estate Investing Business Plan Get all the tools you need to start your real estate investing business. Jeanette Fisher offers FREE "How to Start Real Estate Investing Teleseminar," free ebook, "The Truth about Making Money Flipping Houses." Ever wonder how those multimillionaire real estate investors got started? You might be surprised at how easy it is to buy your first investment property! Are you willing to follow four proven steps to make money investing in real estate? Fixing and Flipping Houses

Free! 3 Real Estate Investing Teleseminars How to get started investing in real estate Teleseminar Free "The Truth about Making Money Flipping Houses" ebook with newsletter Doghouse to Dollars  real estate investing Newsletter   Name Email

"Many investors fix-up houses for profit, but not like Jeanette!" -April Strickland, Realtor, Orange County, California

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