Difference between revisions of "Directory:Flipping Properties"
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The bottom line is you will only be successful at flipping properties when you understand how to solve peoples problems. That's what you get paid for; solving peoples problems! So get out there take massive action and we'll see you on the other side. | The bottom line is you will only be successful at flipping properties when you understand how to solve peoples problems. That's what you get paid for; solving peoples problems! So get out there take massive action and we'll see you on the other side. | ||
| − | + | Please visit: http://flippingpropertiesblog.info to get more information on this topic. Also, visit: http://instantonedaycash.com if you need itimidate funds to close your home deals. | |
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Latest revision as of 03:26, 28 October 2009
Name: Flipping Properties
Address: 1623 Military RdCity: Niagara Falls
State: NY
Zip: 14304
Country: USA
Email: [mailto:info@flippingpropertiesblog.info info@flippingpropertiesblog.info]
Web: http://flippingpropertiesblog.info
Flipping properties today has very little if any resemblance to 1 year ago let along 5 or even 10 years. The botton line is the real estate market is fluid and you must change along with it and if you really want to be successful you should try to be ahead of the curve.
To be successful at flipping properties like everything else you must be able to provide value to your market or niche. To be a successful investor in Real Estate you must create value for all parties involved. The key parties in a real estate deal is the buyer and the seller, if you want to facilitate a transaction between the buyer and the seller you have to take the time to understand what the buyer's values are and what the seller's values are.
The key values with buyers are SECURITY, SECURITY, SECURITY and then Profits. You have to always ask yourself what is the underlined security for their/the buyer's investment. This is the most important part because preservation of capital/wealth is more important then profits because to an investor in the event that something goes wrong with the investment they want to ensure they can pull their pricipal back out. Never go into any opportunity thinking it's a Slam Dunk, this type of attitude will put you into trouble fast; you must ALWAYS have a defined exit strategy. An analysis of the market of choice and the actual asset/property will need to be evaluated. Are you investing in a desirable market? Are you investing in a desirable asset? Once you are comfortable with the market and you have pin pointed a property in that market you must then be able to secure the property at a discount off of the present market value ie. 60 - 70 cents on the dollar. This allows you to determine your profit upon purchase and not on future speculation; do not gamble base your investment on cash flow, NOT ON FUTURE APPRECIATION.
The key values with sellers are quick closings, hassle-free process. In order to be successful with flipping properties you have to find a motivated seller of property in the market your buyer is looking to buy. Why does the seller have to be motivated you ask? The seller has to be motivated in order to give you a discount; the money making discount you need to turn a profit. The things that typically help create the motivation you need is a major change in a person life that forces them to act quickly ie sell their property in 30 days or less.
The bottom line is you will only be successful at flipping properties when you understand how to solve peoples problems. That's what you get paid for; solving peoples problems! So get out there take massive action and we'll see you on the other side.
Please visit: http://flippingpropertiesblog.info to get more information on this topic. Also, visit: http://instantonedaycash.com if you need itimidate funds to close your home deals.
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