Flipping,

Flip This!! Everyone has seen the shows and wants to try it but, they do not know how to get started.  I have been doing real estate for several years now and didn't know how to do it.  I wanted to get into flipping, I didn't know where to start.  It can be imtimidating.  Once you have found a property, is it a deal?  How do I buy it if it is not for sale?  What is flipping? 

First, most people think that flipping is buying a home and fixing it up and then putting up for sale.  That is actually fix and repair investing.  Flipping is buying a property and selling for someone else without acutally working on the property.  This could be to another investor who wants to do the work or someone who just wants to live in the property and do the work themselves. 

 I found that investors are a quirky group.   They speak their own language (hard money lender) and do things differently.  I also found that they are more that willing to help someone get started.  They love real estate and some of the challenges that buying and selling real estate brings.  I thought they would be very stand off-ish and trying to hoard the way they find deals and what to do with them.  That is the exact oppisite.  I have yet to meet an investor who was not more than willing to sit down, have a cup of coffee and answer any questions you might have.  It seems there are more than enough deals to go around.

 Well I have found a home to purchase, with another investor, and am ready to take the next step. 

Stay tuned!!

 David,

http://realestatenamarillo.yourkwagent.com

 

 

5 Comments on Sexy Real Estate

APR
22
2008
320,583 Points 5 Featured Posts Outside Blog

Good luck. My husband does a few per year and so far it has worked out. Another marketing tool for me and a nice cruise out of the deal!
12:52pm • #1
Hi David - thanks for the interesting post and some new info that I was not aware of.  Hope your ventures into the flipping world of real estate proves fruitful!  Keep us posted.
2:56pm • #3
314,186 Points Outside Blog

Hi David,

I'm going to read this book next. I've got the red book and the blue (investor) book, but I'm most excited about the Flip/green book.

Best of luck to you and welcome to Active Rain!

 
9:26pm • #4
APR
23
2008

David - Welcome to the Rain, make sure that you browse the site and become familiar with everything this site has to offer.  The more you browse the more you will learn.  I have found this site to be really helpful to me.  If you have any questions, please don't hesitate to email me, I will do whatever I can to help.

http://www.doreneshirley.com/
7:16am • #6

Great post David!  Welcome to Active Rain and congrats on your first post! I will see you at the office and we can exchange flipping stories!
7:33pm • #7


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David Velasquez

Amarillo, TX

More about me…

Key Realty

Address: 7450 Golden Pond , Suite 500, Amarillo , TX, 79121

Office Phone: (806) 242-5111

Cell Phone: (806) 881-4321

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