flipping houses: Fix and Hold Strategy? Excel Rental Analysis Spreadsheet to share - when you give a Toy to a Tot! - 11/25/08 08:11 AM
Thanks to Michael Russell and his blog on the topic of "Fixing and Holding,' instead of fixing and flipping.
In a nutshell, in today's real estate market more investors have the opportunity of fixing, holding and renting. And selling later.
I thought of this nifty Excel Rental Analysis Spreadsheet that I picked up … (3 comments)
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flipping houses: Are you FLIPPIN Nuts? - 10/14/08 11:16 AM
I love to Flip houses. I need my own TV show! And in this economy our household is a bit leery of the stock market. Of course it will correct but the question is: when? So what is the solution? Go FLIPPIN nuts!
My husband and I have flipped two this … (2 comments)
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flipping houses: Not ALL Flippers caused this bailout and are not ALL Greedy! - 09/22/08 03:23 PM
How do I know. Because I"m a flipper. Albiet a novice flipper. We're on house #1 with one sold, one rented and one in renovation scheduled to hit the market mid-Oct.
I just read on lovely PMSNBC that "flippers" are part of the reason for the economic downturn in real estate. … (3 comments)
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flipping houses: Buying a Fixer-Upper. Are you Ready? - 09/02/08 10:33 AM
Fixer Upper Craze is here! In the wake of all the HGTV shows about "flipping houses" i.e. renovating and selling, Realtors find themselves with a renewed interest in such opportunities on part of their Clients.
Some of them understand what's involved in such endeavor and come to the table with realistic … (1 comments)
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flipping houses: Can you still flip homes in this market? - 08/17/08 11:41 AM
We've been talking with a few friends about whether or not this is a good time to flip. There are valid concerns and hesitations about the lack of buyers and the lending rules getting stricter than ever. No question it can be a "risky" move to flip houses in this market. It's a numbers … (13 comments)
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flipping houses: This neighborhood is still alive and flipping - 06/07/08 02:55 PM
Today I took a few moments to find some properties in my own neighborhood where there is still money to be made in the art of ‘flipping'.
I singled out a few properties in the area where some investment gurus have made some minor to major changes and are still … (17 comments)
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flipping houses: Would You Buy This House? - 05/18/08 05:01 PM
Would you buy this house?
There are a lot of houses on the market to look at right now. So, many in fact, that each day I'm astounded by the sheer numbers.
I'm my area there are 9 properties in pre-foreclosure, 419 bank owned, and 115 are up for auction.
One … (0 comments)
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flipping houses: Before you paint your house... - 05/17/08 10:53 PM
My brother bought a fixer-upper late last year and is now in the process of doing the exterior of the house. Among the biggest decisions to be made is what color to paint the exterior. It is currently pale pink. I know, I know. But why do you think he got … (11 comments)
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flipping houses: Negative Effects Of Flipping A House - 05/13/08 09:24 PM
Flipping is a term, used primarily in the United States, which refers to the practice of buying an asset and quickly reselling ("flipping") it for profit.Although the practice of flipping existed long before the real estate bubble, it became more rampant and widespread. Flipping was so popular nationally that some DIY … (2 comments)
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flipping houses: How to Flip a House - 05/13/08 08:20 PM
"Flipping" a house consists of buying a run-down property at wholesale, below market, price, fixing it up, increasing its value, and quickly re-sell it for a profit. If you play your cards right, you can make a significant amount of money per flip.You'll need to familiarize yourself with how to buy … (0 comments)
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flipping houses: 4 Steps to Buying Foreclosures Homes - 05/13/08 02:23 PM
In today’s real estate market the foreclosure rate is through the roof. Everyone is trying to buy foreclosure homes being that there are so many. Some may say that this foreclosure market offers some of the best investment opportunities. This is true, but how do you find these foreclosure homes if … (0 comments)
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flipping houses: Flipping Green Bay Wisconsin Part 4 - 05/07/08 12:48 PM
In this episode I'm interviewing my business partner Shannon Kane of AAA+ Construction who will be offering his advice on negotiating with contractors. Please keep in mind that these are opinion's and take them for what they are.
Shannon what advice would you give to a private party when negotiating with contractors?
SK … (1 comments)
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flipping houses: House Panel Ok's Similar Bill Passed by Senate: Government Bailout Program Ok' ed (at Taxpayer Expense) - 04/23/08 09:42 PM
Democrats (go figure) pushed a $15B bailout plan through today. The program will provide money to cities and counties in the form of grants and loans (suspect mostly grants). The intent is so the local governments hit hardest by the housing crisis can become the new "flipping houses" investor, maybe even … (3 comments)
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flipping houses: Local Vancouver Real Estate informative segments. - 04/10/08 07:02 PM
… (0 comments)
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flipping houses: Why Flipping Homes Can Carry Strong Liability... - 04/08/08 06:33 AM
Q&A: Complying with statutory warranties on remodeled homes I occasionally buy older homes that need a lot of work. I remodel the homes and sell them for a profit. I heard that the Legislature made some changes that place the responsibility of complying with the statutory warranties concerning new homes on … (10 comments)
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flipping houses: Last Week's Real Steal: Investor's Special - 03/19/08 09:57 AM
In the wake of the continued media doom and gloom regarding the real estate market...
In an effort to appease the veritable panic that has settled in among the general real estate buying and selling public...
And to remind myself and others that there is a huge silver lining to the current market … (1 comments)
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flipping houses: Than Merrill from "flip this house" giving seminar in Detroit - 03/10/08 08:08 AM
Yes there is going to be a TV Star in Detroit this week!
Than Merrill, a real estate marketing and investment expert featured on A&ETV's "Flip This House," will be visiting Detroit to teach real estateprofessionals, investors, and homeowners how to buy, sell, and make money inthis upside down market. You can't … (3 comments)
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flipping houses: Flipping a House With Your Relatives? - 03/07/08 12:12 PM
"Flipping" houses is a huge reason that many people decide to get into the real estate investment business with many choosing to partner with close friends and family. This can be a wonderful idea because you are sure to have skills and other strengths that differ from your partner, which can … (6 comments)
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flipping houses: Remember to pay your bills when you buy, rehab, and flip houses - 02/25/08 07:19 PM
If you're going to buy, rehab, and flip houses, be sure to pay your contractors and the other members of your team.
The star of the first two seasons of Flip This House, Armando Montelongo, is accused of not paying his appraisal bills for the properties he bought to rehab. Here's the story … (12 comments)
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flipping houses: The Painter's Helper...The Flipper's Friend...What a Tool! - 02/02/08 12:13 PM
I got an email today from a friend who reminded me of an old post on the bozPROJECT blog about my favorite tool . I guess he got a good laugh at my expense when he read the post. And then came a day when he, too, needed to tool. So … (2 comments)
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flipping houses: Flipper: A dolphin? An Acrobat? Or a Real Estate Investor - 02/01/08 07:59 PM
I've been getting a lot of calls about flipping houses since the WSMV Channel 4 Nashville news feature on one of the bozTEAM flip houses. Seems when they put you on the news, you are the expert. The ironic thing is that I tried hard to explain to the news guy … (9 comments)
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flipping houses: New To Real Estate Investing and Looking to FLip? - 12/06/07 12:34 PM
Camden County Real Estate, Gloucester County Real Estate and Burlington County Real Estate and flipping houses
I just read this blog here that was posted by Konnie McKee which inspired this post.
As a REALTOR® and a real estate investor, I will try to give you my views on this subject. I hope … (0 comments)
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flipping houses: This is a "Be Careful What You Wish For" Post - 12/04/07 09:37 PM
Recently, I began asking for more testimonials, something I usually do not do as I would like to think I would receive them when my services warranted. Then I read something, somewhere that showed statistically that if you do not ask, you will not receive. Well, being the numbers kind of … (9 comments)
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flipping houses: To Rent or To Flip... - 11/13/07 12:04 PM
Right now is such a great time for investors. We are in a deep buyers market and local investors can find many hot deals in real estate these days with low prices and favorable interest rates. That leaves one more question, to rent or to flip? I highly would recommend renting … (3 comments)
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flipping houses: Jim Rohn, The Best Speaker That You Will Ever Hear - This Free Video Is A MUST VIEW! - 10/17/07 05:57 PM
For anyone that has never heard of Jim Rohn, you have to see this guy speak. I saw him in Chicago at the Dan Kennedy Super Conference, with Mike Perl and it was absolutely amazing! He’s actually the reason for “Tony Robbin’s” Success. I posted a 20 minute video of … (0 comments)
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flipping houses: Watch This Lengthy, Content Filled Video And Find Out Exactly How To Make $33,765.00 On A Real Estate Deal - 10/17/07 05:34 PM
This Information Is Completely FREE (Don't Worry -- We're Not Trying To Sell You Anything) ..
This Free Video Reveals The Honest And Real-Deal Breakdown of A Property From Start To Finish.
<embed style="width:400px; height:326px;" id="VideoPlayback" type="application/x-shockwave-flash" src="http://video.google.com/googleplayer.swf?docId=-304808823335419565&hl=en" flashvars=""> </embed>
Watch This Lengthy - Content Filled Video, And Find Out … (1 comments)
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flipping houses: Do Real Estate Investors Want A Handout From The Government? - 10/17/07 05:32 PM
On August 25 2007: After much pressure from the American financial markets and Major media outlets our beloved President, George Bush came out publicly and announced a program involving HUD (Housing and Urban Development) that will Guarantee loans ONLY for HOMEOWNERS WITH GOOD CREDIT to hopefully assist the American Homeowner from … (1 comments)
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flipping houses: What Do Mike Perl & Donald Trump Have In Common -- Part 2 - 10/17/07 05:29 PM
IF for some reason, you didn’t read the 1st episode or missed it…click here to get it in it’s entirety…Before reading episode 2!
In a Nutshell…Big Momma is:
Forty-Five years old (45), A single mother Has two children (5 and a 9 year old)Their father(s) are absentee-dads (like … (0 comments)
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flipping houses: What Do Mike Perl & Donald Trump Have In Common? - 10/17/07 05:27 PM
The ANSWER: We have BOTH been STOLEN from…
You are about to witness PART 1 of my REVENGE SERIES!
I know that you’re probably thinking, “I can see someone stealing from the Trumpster but why would anyone steal from Mike?”
Well it’s TRUE! And I’m PISSED OFF, … (0 comments)
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flipping houses: Real Estate Investors - Make Up Your Mind Already!! - 10/17/07 05:23 PM
Have you ever met an idiot that is more successful than you are? (We all have…)
We all have, right?
Frequently, when I am coaching, a client will say something along the lines of “I’m just as smart as (blank “guru” or this student who is experiencing some initial huge … (1 comments)
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flipping houses: 10 Biggest Blunders Of Real Estate Investors - 10/17/07 05:21 PM
I just finished up my mentorship program, called the “Ultimate Apprenticeship Program”, where we take a group of 25 investors and take them by the hand and nose, and show them and give them our actual blueprint, on creating a successful home buying business.
After the class, … (1 comments)
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flipping houses: Why Mike Perl Cried In Chicago - 10/17/07 05:20 PM
My team and I, just flew back into Fort Lauderdale from Windy, CHI-Town! What an event (Dan Kennedy’s 2007 Superconference), I actually got goose bumps and cried at the event.
NO, I didn’t cry because someone took away my Dorito’s and Mountain Dew…(I can hear you cynics already)
I would have … (0 comments)
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flipping houses: Do you think that you’d ever have the opportunity to party with names like … - 10/17/07 05:15 PM
Bobby Brown, Paulie Shore, NBA & NFL Superstars, Gene Simmons, Ashton Kutcher…?
Get ready for this posting!
He is your friend Mike Perl, and he has gone where ONLY “Celebrities”, “Movies Stars” and “Sports Greats” have been…
And NOW you get 1st Class Access! (because Mike appreciates your relationship with … (0 comments)
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flipping houses: A Foreclosure Investing Cautionary Tale, Don't Pull A Larry Smith - 10/17/07 05:10 PM
I’ll start off by saying, I LOVE 4 things in this world….
1. Being an entrepreneur and living a life of financial freedom, and being able to not take crap from anyone … 2. I LOVE beautiful women. 3. I LOVE real estate and marketing (direct). 4. I LOVE Starbucks coffee.
… (1 comments)
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flipping houses: "I BUY HOUSES" - 10/04/07 07:43 PM
I'm sure everyone has seen these "We Buy Houses" ads. Well, I'm here to tell you that I (not we) actually do buy and sell houses for a living (in addition to being a Realtor). Through the first 9 months of 2007 I have bought 6 houses. The first two were … (0 comments)
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flipping houses: Want to Meet Me? Here's Your Next Chance... - 09/14/07 11:48 AM
As many of you know, it is very difficult to actually meet me in person. I run a very busy schedule, both mortgages and flying, and "do not get out much". So, if you really want to meet me in person, here is your next opportunity...
I will be speaking in Tampa, … (4 comments)
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flipping houses: Watching The Numbers - 09/10/07 08:33 PM
Fixing and flipping houses is a very scary proposition for someone new entering into this business! Like any new business, you need to protect your investment by doing the proper planning and build in the appropriate contingencies to ensure your success rate. The difference in today's market is the savvy investor … (1 comments)
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flipping houses: What Is An REO Property? - 09/10/07 11:40 AM
As I have said before there are many acronyms in the Real Estate Business and today I will give a brief explanation for REO Properties. REO stand for Real Estate Owned. Basically when a house that has been foreclosed does not sell at the auction, the house goes back to the … (0 comments)
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flipping houses: 3 Ways to Finance your Flip - 09/09/07 11:20 PM
Assuming you don't have a pile of cash under your mattress to buy that property to flip, you will need to get it somewhere. These are the most common ways to finance your flip:
1. Hard money lender-These are individuals in the market that loan money to investors/rehabbers for short periods of … (0 comments)
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flipping houses: Before you Flip! - 09/08/07 11:22 PM
So you say you want to get into flipping houses. If all you have done is watch a marathon weekend of "Flip this house", you haven't even begun to get ready! To be successful at flipping houses, there is a considerable amount of prep work that you need to complete before … (3 comments)
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flipping houses: Finally, Reality Gets Some Recognition - 08/30/07 11:17 AM
I have talked to many a person, probably even blogged about it, but the media is finally letting the news out. That is about the reality surrounding foreclosures.
We have heard time and time again about the rampant increase in foreclosures and we even hear the government talking about the need to … (2 comments)
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flipping houses: What type of Flip are you doing? - 08/27/07 08:42 PM
The definition of flipping is as varied as the definition of a "good" investment. I looked up the definition of "Flipping" (houses) and there isn't actually a dictionary entry yet! The closest definition I could find actually applies to equities in the stock market (but it seems correct): "To buy and sell an … (0 comments)
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flipping houses: The Guidelines of Flipping Properties - 08/17/07 02:15 PM
Are you memorized by those shows in which people are buying run-down houses, fixing them up and reselling them for huge profits sometimes even before the first mortgage payment is due? I know I can't get enough of them!
The people don't look any smarter than you, and they're raking in the cash! … (0 comments)
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flipping houses: Prime Time to Buy; Start Investing for you Future! - 08/02/07 07:29 PM
The CNNMoney.com article "Home Prices: Don't Expect Quick Rebound", March 9, 2007 predicts what will happen to the value of homes in the next few years. David Lereah, the chief economist for the National Association of Realtors, says that "we'll have to go into 2008, maybe even 2009 before we get … (0 comments)
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flipping houses: Real People Connecting to the Real World of Flipping Real Estates. - 08/02/07 06:32 AM
Your personal house flipping coach, the FlippingHomes.com blog represents a true community of investors who flip real estate … (1 comments)
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flipping houses: Calling All Buyers! - 07/10/07 03:37 PM
It's understandable....not wanting to buy in a declining market. Why should I buy today when the price might drop tomorrow? I definately understand this sentiment. It crossed my mind the other day when I was looking at property for myself.
But should this line of reasoning be enough to keep you out … (0 comments)
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flipping houses: Heads or Tails: Is Flipping Houses Right for You? (Part 3 of 3) - 07/06/07 11:18 AM
In the previous posts, we have discussed how you need to do your research before getting into flipping houses. This part will continue to emphasize that fact, but also get into how you can get started and if it is really right for you.
At the point you are ready for a … (0 comments)
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flipping houses: Heads or Tails: Is Flipping Houses Right for You? (Part 2 of 3) - 07/03/07 02:48 PM
OK, you decided you want to start flipping houses as a side career, or at least for fun. Well, if you are interested, and you must be since you are reading this, there are a lot of things you need to take into consideration.
Start by getting to know the neighborhood you … (5 comments)
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flipping houses: Heads or Tails: Is Flipping Houses Right for You? (Part 1 of 3) - 06/28/07 08:59 PM
You probably have seen the infomercials on late night TV claiming you can get rich quick with real estate. You know the ones, claiming to talk sellers out of homes for next to nothing, buying with no money down and getting someone else to pay your closing costs. While some of … (5 comments)
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flipping houses: Should I flip or rent that house out - 06/26/07 01:16 PM
There are generally 2 kinds of investors when it comes to the foreclosure market. There are the types that are strictly flippers; they want to buy low - put minimal materials and labor into the house - then sell it and cash out. Then there are the landlords; they want to put … (2 comments)
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flipping houses: FLIP - 06/11/07 05:20 PM
FLIP
(click on book to order)
This book outlines how to
FindFixAnd Sell Houses for a profit There are actually 5 stages to this process and they not only outline those five but explain why each is so important. Unlike other "how to" books they narrate actual stories at the end of … (3 comments)
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flipping houses: Is it a Buyer's or Seller's Market - 05/26/07 06:28 PM
The answer depends on who you ask. The answer also depends on which part of world you live. At the start of 2007 the skeptics were wondering where this market was headed. It started slow, and homes that were listed stayed on the market a bit longer. The Buyer's watched, and … (0 comments)
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flipping houses: Thinking of investing in Real Estate - Maybe you should. - 05/14/07 10:16 PM
Investing in Real Estate is a proven way of gaining financial freedom. With the wide variety of investment options available in today's market, it is important to explore and learn as much as you can about each of these investing options.
Deciding between passive and active investing is a great way to … (0 comments)
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flipping houses: "Flipping" Houses, Maximize your profit! - 04/19/07 11:09 PM
What's the newest fashion in Real Estate? Flipping Houses! Basically, it involves buying low and selling high to maximize profit. But before you decide to take the challenge, here are a few tips to make the risky more lucrative.
Know the Market. Real Estate can be affected by factors of the economy, … (0 comments)
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flipping houses: Real Estate Changes - 04/14/07 01:39 PM
Over the last 11 years I have seen the market ride out slow times and then nearly fall apart with the intense increase in multiple offers and the huge supply demand issue. We had such a lack of properties and that the prices were driven to unheard of numbers, back about 8 … (0 comments)
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flipping houses: Home Repair and Flipping Homes For Fun And Profit - 03/26/07 09:18 PM
What is the most typial expense in rehabbing houses ..... Carpet.
If you are flexible as to color and quality, let the carpet stores in your area that offer "Satisfaction Guaranteed" know that you would purchase the carpeting that someone has rejected. This is not an uncommon experience. You can make good … (0 comments)
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flipping houses: Home Staging Rational: Sometimes others say it best - 03/13/07 08:22 PM
Sometimes people out side the home staging industry can say things a certain way that, perhaps, we "insiders" may not because it is obvious that we are, shall we say, a bit biased. But when ever I see home staging justified by others I try to make note of it. My … (13 comments)
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flipping houses: Birds! Birds! No, Not a Horror Movie, but a Flip this House Story - 12/18/06 01:17 PM
So, I have this friend who was thinking about flipping a house for years. He read the books, he went to the Sheriff's sales, he asked for advice. Then came the day. At a Sheriff's sale the perfect home came on the block. Smaller house, about 1100 sq ft, built in … (3 comments)
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flipping houses: Flipper: Pretty on the inside but ugly everywhere else! - 10/15/06 10:26 AM
A client of mine purchased a house back in June with the intention of flipping for a quick profit. She called me on Thursday to come and check out their work and to get pics and info for the new listing.
After walking around in there I have to say I … (2 comments)
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