Flipping Properties
By Bob Schwartz, CRS,
GRI ©2005
www.brokerforyou.com All rights reserved.
If you want to make the most of your profits off of a
property, then the way to do it is to flip properties.
Flipping properties is a term that is commonly used in
real estate. It is where someone will buy a property,
put in some small changes, and sell off the property for
more profit. If you want to invest a little and make a
lot, then this is a really good way to get into the real
estate business.
Usually, you will begin flipping a property by finding a
home that is under-priced for the current real estate
market. These are usually called 'fixer uppers' and are
available on the market all of the time. Any type of
foreclosure, home at an auction, or home that has been
neglected can be bought for a reduced price. Flipping
properties will most likely be tried by dealers or
retailers, but it is possible for anyone to take part in
the process of flipping properties.
After you have found a home that needs some mending, you
will buy it like you would any other home. Normally, you
will be liable for going through the mortgage process
and will sign a deed of trust for the property. When you
do this, you will want to ensure that you do it as a
business instead of an individual. As soon as the paper
work is done, you can move into the home, make some
modifications, and put it back on the market for a
higher price.
Renovating and reselling is the chief strategy behind
flipping properties. If you want to stay ahead in the
market and begin to profit, then understanding the
basics of this and how to work as a business with real
estate is one of the potential ways to make a living.
There are several people who have worked with real
estate and flipping properties, and who have had the
ability to make a significant amount of money off of
their investments.
ABOUT THE AUTHOR
Bob Schwartz, is a Certified Residential
Specialist, CA licensed real estate broker with
www.Brokerforyou.com. Bob has over 27 years of
residential real estate experience, authored a number of
published articles and served as an expert witness for
San Diego lawyers.
You can contact Bob via e-mail at bob@brokerforyou.com
or visit his highly popular
San Diego real estate website
at:
http://www.brokerforyou.com
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