How do you learn? By Classroom courses or by independent research – then by direct application, then repeat. The same holds true with wanting to learn the in’s and out’s of Real Estate investing. We have one on one classes where we present some of the BEST real estate strategies for our investors in the Santa Clarita real estate community. One of the things I stress is to listen to more educational sources.
Have you ever heard of the Real Estate Guys Podcast. The Real Estate guys podcast is also on iTunes – that is where I get the most recent shows downloaded into my iPhone. They are wonderful, experienced and know their stuff! That’s one of my favorites and I make sure my clients, when talking about investing, go back and listen to several shows – including the most recent real estate investing podcasts.
When it comes to flipping homes what leads to success? Many people have a desire to buy and sell homes, otherwise known as flipping, and while some do so with great success, other fail miserably. While some may “have it” and others simply don’t, there are some basic considerations when it comes to making it work.
The first thing to consider when buying a home to flip is the cost of the home you are buying. If it is a “steal” then you are off to a good start. If you begin the entire process of flipping with a home that is worth more than you are paying for it then you immediately have less to lose.
The second thing to think about is the condition of the home. Is the home in good condition, simply outdated, or is it something that needs to be torn down and rebuilt? The less work the more money to be made. If a home needs a fresh coat of paint and a carpet replacement the easier your flip will be.
Flipping certainly got a bad rap during the recent collapse of the housing market, however an investor who buys in today’s market can be assured that he is not buying at the top of the market. If a good deal can be had today then down the road there will be money to be made.
Please let us know if we can help you with your Santa Clarita real estate investing plan. Be Safe and make sure you are working with a professional in real estate! We are with REMAX of Santa Clarita and known as the Paris911 Team of Realtor Associates.