"Flipping", a term used by investors has soured as home sales in central Florida have gone flat these past several months.
Flipping fueled the real estate boom in the soaring home prices of 2004-2005, BUT the total amount of homes "Flipped" was less than 6% of all real estate transactions. Flipped homes are homes held for less than 6 months with the goal of getting a return on the initial investment.
It looks like viral marketing or gossip made of all the high flying home prices happen PLUS the record low interest rates.
Remodeling, landscaping and a couple other costs make "Flipping" a business adventure of the Not Faint of Heart.
I am learning the science of it in the book,"The Millionaire Real Estate Investor" by Gary Keller.
I also have a couple of investors who count on me to find properties worth investing in.
Pretty soon people who have lost money trying to flip their properties MIGHT have to start selling at discounted prices to get out from under their debt burdens.
Because of the way home prices are NOT going up too quick right now AND many buyers are hesitant to jump in and make a commitement with the way the market is right now, foreclosures are inevitable.
Investors are just circling in the waters like hungry sharks, waiting for signs of great deals to be made.....
ARE YOU READY TO JUMP IN AND INCREASE YOUR NET WORTH?
Call us at "The Knights Team" to see our list of preforeclosures and foreclosed Central Florida Real Estate.
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