Basic steps to investing in property to resell or flip.

Whether you are a 1st time investor or a repeater typically the same rules should apply to make a good return on investment. Many would be investors who are not given proper guidance end up buying a property that they get buried in and either make little or no profit.

How do you avoid this you ask? You need to be working with a Realtor that understands the market, someone who is not in for a quick sale and disappears before it is time for the resale because they know how difficult it will be to get you out without a loss after the rehab & closing costs are paid.

I work with many investors, we have had excellent successes in this market because I am very careful of what I will allow them to invest in. I can do in our MLS and show many examples of what was paid for a particular property and what it resold for.

A good Realtor has to understand the market of today but also must have a good feel for what the market will be in 2-4 months when the subject property is ready to be placed back on the market. This Realtor should have many connections for workers and materials that can keep an investors cost in line so a good ROI can be achieved. What is a good ROI? Most of my investors are please with 10-15% of their total cost into the project. If this can be realized 3-5 times per year it can make for a very attractive system for investors to keep turning their profit into larger scale projects and thus more money. If done correctly it is also good for the Realtor who should be always on the lookout for the next potential great deal.

My team personally gets involved in color and product to make sure that when the property is ready to be resold it is attractive to buyers for a quick sale. I had two resale within five days of listing in the last sixty days.

Obviously there is much more to doing this the right and proven way, but the rest of the goodies are only shared with my clientele.

If I can be of any help, please let me know. Contact Bob Forman Sand Castle Realty Group, Inc 239-322-7672 bforman@buyfloridare.com

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