Most Popular
Writing Articles Can Explode Your Business
In today's competitive internet marketing world, theimportance of attracting highly ...
Healthier Lifetime Fitness
Many people are prone to quickly abandon impeccably sound fitnessprograms ...
Evaluate Email Marketing Efficiency
All business owners who participate in any email marketingcampaign to ...
Realty Investment Find, Fix & Flip Hints
Rated: 
, 0 Comments
, 0 Comments
Total visits: 242
Posted on: 6th Nov 2013
The following (10) ten helpful hints are mentioned here to emphasize factors that must be considered
when involved with the real estate investment �find, fix and flip� process.
Hint #1. You should buy in areas where qualified buyers actually want to live. Avoid �war zones� where
bullets fly and felonious affairs occur on neighborhood street corners. Do not buy in areas where there
is a low occupancy level within the surrounding area. Be aware of possible financing difficulty in low-income
areas, and be mindful to discover lending sources that will finance borrowers in such areas.
Hint #2. Pay close attention to the formula you should use when making an all-cash purchase offer; which
is the estimated (after repair value) ARV X 70% - Repairs = MAO (maximum allowable offer). This formula
will help keep you from paying too much for as-is property purchases to better insure favorable returns on
the resale of restored houses.
Hint #3. Never close a purchase without confirming the assessments made concerning the after repaired
value and repair estimates. Get the purchase appraised as completed, buy title insurance; have a termite
inspection and get repair estimate(s) from qualified contractors.
Hint #4. Always be sure to have cash reserves available to meet projected and unforeseen cost factors.
When applicable always borrow more than you need to buy and repair as-is property. Conduct diligent
research to develop financing sources for buying as-is property because such sources do exist, such
as friends, family, business associates, private lenders and lending institutions.
Hint #5. Keep a tight leash on contractors. They will play you like a yo-yo, which can � and probably will �
be one of the biggest learning experiences in the �find, fix and flip� investment property process. Follow-up
on any references provided by contractors and be thorough; check any sources that give insight to a prospective contractor�s credibility. Stay with those contractors who have demonstrated reliability and quality results in their performance to help avoid repeated courses in the school of hard knocks.
Hint #6. Do a nice renovation job. It will pay handsome dividends in saved holding costs and will bring in
more prospective buyers and a satisfied home buyer.
Hint #7. The property investor should find a good loan processor or mortgage broker who can help to get a
prospective buyer financed; it can be the difference between success and failure of selling a house. Be ready
to offer financing sources to prospective buyers when they are experiencing borrowing difficulty.
Hint #8. Master the art of selling houses as fast as humanly possible. Reduce selling obstacles that may
arise; such as title problems, oversights missed in the rehab stage or a buyer�s financing difficulty.
Hint #9. Do not get personally over involved in the repair of the house, but stay focused as an investor on the
business of locating; buying good deals, managing the rehab process and other facets of the realty investment
operation.
Hint #10. Get trained in the various forms and craft of quick turning real estate. Getting educated in the realty
investment business is a lot cheaper than the price paid for ignorance.
=====================================================================================
For more information on Real Estate Investments and related Business topics Doyle invites you to visit HERE
=====================================================================================
Comments
There are still no comments posted ...
Rate and post your comment