Do you want to make money from the booming real estate market, but you don’t want to deal with the hassles of being a landlord – loud parties, fussy tenants, and missed rent payments?
If that’s the case, then fix and flip might be for you. Don’t know what that is? Read on to see what flipping a house is all about and how you can make money from it.Â
What Is Fix and Flip?
If you are looking to get into real estate investing, then flipping houses should be on your investment list – be it a duplex, fourplex, apartments, warehouses, or shopping centers.
When you flip a house or any other commercial property, you start by picking a property that needs a lot of work! It might be labeled a lost cause by other real estate investors. But you see the hidden potential in it.
Once you buy the property for way below its potential market price, you would spend time and cash sprucing it up.
Once all its problems have been fixed, you can then sell it on the market for much more than what you paid for it. As you can see flipping a house can bring in a substantial ROI if done right.Â
Benefits of Flipping a House
The high profit margins on flipping a house aren’t its only benefits. In fact, that’s just the tip of the iceberg.Â
You end up learning useful skills in upgrading a home, especially if you do all the work yourself. Not only that, but it’s highly satisfying to sell a renovated home to a satisfied buyer that they will be living in for a long time to come.
If you would like to do this temporarily and then move into the real estate rental market, then you can use the money you earn from a fix and flip property to do so.Â
Finally, remember that it doesn’t take long to fix and flip a house. And that’s a huge one to remember.
Most real estate investment opportunities are long-term ventures, where you buy and hold for decades at a time, waiting for the investment to ripen.Â
When you flip a house, the longest you would potentially wait is a couple of years. This would include the time you spent renovating the house, and the time it sits on the market waiting for a buyer.
This can be highly enticing to someone who doesn’t want to wait until 65 to retire. If you are into the FIRE movement, where you wish to retire by 40, then flipping a house is for you!
Get Fix and Flip Loans to Get Started Today
If you don’t have the cash to do renovations on a fix and flip house, you can also get loans to do so. Don’t let the lack of cash flow hold you back from your dreams!
Search for suitable fix and flip properties on John Shawareb’s website today! Or contact him for more detailed help.