Home : Blogs : Rob Arnold, metro Orlando full service, investor friendly & foreclosure Realtor : Central Florida Orlando Real Estate - full service & investor friendly Realtor specializing in foreclosure, short sale, & bank owned REO houses

Flip this house - Or the art of being a rehabber - Post #1

Hopefully in the next few days I will be purchasing a Central Florida house that I intend to buy, fix up, and then put back on the market and re-sell to an owner-occupant buyer. I haven't done much of this in the last 18 months because of poor market conditions, but now that in my opinion the market is close to bottoming out I plan on getting back into it. As I have stated in several previous blogs, good deals abound right now. Investors need to be taking advantage of this time and not sitting on the sidelines watching and waiting.

I am going to go into detail about my rehab on this blog for the next few weeks in order to help my fellow Realtors and investors see the entire flip transaction from one end to the other. I can't give out the street address and detailed numbers on the transaction until we actually close, but by the end of the week the house should be mine. I hope this to be a learning process for anyone that chooses to read along and share their comments while I do this house flip during this crazy market.

Rob Arnold, ABR, CPL, GRI, Managing real estate broker, Licensed mortgage broker, Notary Public,

407-389-7318 www.SDRhouses.com/ www.WeBuyHousesFlorida.com/

Your full service and investor friendly Realtor in Orlando. Contact me for more information on Central Florida real estate and Orlando real estate. Florida Orlando flat fee MLS listings and Florida Orlando For Sale By Owner services available. We buy houses cash in Central Florida including Orlando, Winter Park, Maitland, Ocoee, Apopka, Altamonte Springs, Casselberry, Longwood, Winter Springs, Lake Mary, Sanford, Deltona, and Debary.

---------------------------------------------------------------------------------------------------------------------

Rob Arnold - Your full service and investor friendly Realtor ® in Orlando and Central Florida.

407-389-7318 / 1-877-389-7318 www.SDRhouses.com www.WeBuyHousesFlorida.com

We sell foreclosure, short sale, and bank owned REO house home throughout Central Florida, metro Orlando, and the Space Coast. We sell and list Central Florida real estate and Orlando real estate. Free list of foreclosure and short sale houses available. Our firm also provides flat fee MLS listings, For Sale By Owner, and menu-based services in most parts of Florida including Orlando, Altamonte Springs, Apopka, Kissimmee, Sanford, Lake Mary, and Deltona.

Posted by Rob Arnold, metro Orlando full service, investor friendly & foreclosure Realtor on 12/18/2007 08:25 PM

Comments (11)

house flip, rehab, central florida, central florida investor, central florida realtor, investor realtor, real estate investor, investor

Originally posted at: Central Florida & metro Orlando real estate services: Flip this house - Or the art of being a rehabber - Post #1

This post has been included in Florida Information

11 Comments on Flip this house - Or the art of being a rehabber - Post #1

DEC

2007

I look forward to your bloggs on the process. Or should I say I look for to your "flipping" blogs. Hope it goes well.

Good to hear the market there is turning. I look forward to reading about this flip. Thanks for the information.

Hey Rob, can't wait to read the details of your flip. My colleague and I have been trying to find a property here in NJ to attempt our first flip. Those are the only properties that have multiple offers on them and we have narrowly missed out on 3 so far and not been close on a few others. While we're anxious to get started, we're also determined not to get caught up in over bidding on any property. We're waiting to hear on 2 more this week and hopefully we'll hit on one. So anyway, I'll be watching your blog to pick up some helpful tips. All the best, keep us posted!

Vicky - Thanks. This this is the first time I have posted anything like this from start to finish.

Pat - If you listened to our media, you would never think the market is turning. I base this more on my own statistical research and market knowledge. Hopefully I am right.

Jim - One tip is to target properties that are not listed. Listed properties tend to go with multiple offers. FSBOs seldom do and often sell underpriced.

Best wishes on your flipping efforts. There are still some great opportunities out there and hopefully you've found one.

Hi, Rob,

Interesting post! I thought the cheerleader was a good "picture" for the flip idea. Ironically, my daughter also graduated from UCF (2005), BS Hospitality Mgmt, and she is the conference concierge at the Ritz Carlton Grande Lakes in Orlando... and she was a cheerleader! Have you read the new book, FLIP? I think you would like it.

DEC

2007

Lola - Thanks. I think I've got a good one.

Jan - Congrats on your daughter. I haven't read that particular book, but I have read a dozen or so other books on the topic as well as taken several courses and seminars.

Hi, Rob,

This is the FLIP book by Rick Villani and Clay Davis. It is not a get rich quick book, but a book for investors at any level who are interested in buying, fixing, and selling for profit. I think you will like it. FLIP

Jan - I will have to take a look at that one. I am always up for new material to read. Thanks.

DEC

2007

Cool Project. I look forward to following up with the process through your blog. Good Luck!

Aida - Thanks. My goal is to educate people as much as I can on this exciting topic.

Leave a response…

Name:

Email:
(optional)

Comment:

What does the graphic say?