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Lethbridge House Flippers

By
Real Estate Broker/Owner with Park and Protect- Alberta Real Estate License Parking

You turn on your television and you see a guy fixing up almost trashed houses, doing all the work, and making a huge profit out of it. You must have seen this through A&E’s “Flip This House” or HGTV’s ”The Big Flip” reality shows. In real estate terms, it’s called Flipping Houses. It might look easy, but there’s more to it than what you see on your TV screens and many horror stories of flips that have gone wrong.  Can you still flip a house in the Lethbridge real estate market and make a profit?

Flipping Lethbridge houses
is buying a property then quickly reselling it for profit. This method is done in two ways. One way is to acquire a property then putting it up for sale. Another is to purchase a property, modify it, and then sell it. Whichever way you choose, it is not as easy as it might seem without the proper knowledge.

One of the important facts you need to know when venturing in this business is to know where to look for properties you can buy. The most effective way to do this is to put up an ad for sellers to come to you or to work with an active real estate professional who searches out these homes on a daily basis. Through this method you’ll be sure that the seller is highly motivated to sell his property.
If your interested in fixing and flipping real estate, talk to me.  I have successfully participated in Lethbridge real estate flips on all sides of the city and actively hunt for these deals on a daily basis.

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Park And Protect is the largest specialty real estate license parking brokerage in Alberta and all of Western Canada.  We are experts in the field of ensuring that your greatest career asset is safe and secure.  Contact us to discuss Alberta real estate license parking or other potential business opportunities.

Comments(2)

Douglas Lovitt
Washington Management Company, Inc. - Mill Creek, WA

Good post.  Thank you for making these links available.  I've been in real estate 19 years and have also owned a construction firm, so I know what you mean about those so called reality show.  Unfortunately they can't even figure out what their costs and profit are correctly.

Jan 03, 2010 07:54 PM
Robert Havana
Park and Protect- Alberta Real Estate License Parking - Calgary, AB
Alberta Real Estate License Parking

You are so correct.  They never account for commissions, legal, financing costs, capital gains, permits and inspections, etc.  Having flipped houses for the past decade I agree with you completely that the numbers those shows throw around is never accurate.

Jan 03, 2010 08:27 PM