What is the flipping house?
Flipping Houses comes from the English term “flipping”, which means “turn over” and “house” means “house”. If we unite the meaning of both terms, we can say that it is “turning the house over”. This technique proposes to buy or associate with owners who need a renovation in their property, to later reform it and sell it at a higher value. In other words, this technique proposes the revaluation of properties through arrangements and decoration.
What are the advantages of using this technique?
LITTLE CAPITAL:
One of the main advantages is that you can flip with very little capital or even no capital. The way to carry it out is to buy the property or partner with the owner, getting the money for the remodeling from an investor. We direct everything, we find the property, we negotiate its price, we advise what type of reform to do and later we sell it for a higher amount.
COST EFFECTIVENESS:
It is one of today’s real estate investments with returns ranging from 5% to 40% in dollars in less than 9 months. Everything will depend on how and when you acquire the property.
LITTLE TIME:
Entering and exiting quickly, in a market that changes a lot, is a point in favor that flipping has in less than a year you can buy, remodel and sell.
CONTRIBUTION TO THE COMMUNITY:
By flipping, not only is the property revalued, but you are helping the buyer not to have to get involved in works and we are also revaluing the area where the property is located.
LOW RISK INVESTMENT:
Although when it comes to investing there is always risk, when it comes to Real Estate we are talking about an investment with little risk and even more so if you buy the property at an opportunity.
What are the keys to success with this methodology?
There are three keys to carry it out optimally:
MARKET EXPERT:
We have to become experts in the area where we are going to do the flipping, to know exactly what the market values are and what buyers are looking for.
REMODELING EXPENSES AND TAXES:
We have to calculate without margin of error how much we are going to spend to remodel the property and leave it as the market wants and know what the tax expenses will be when buying and selling.
MARKET VALUE AND PROFITS:
We never have to list above market value, this is a very common mistake and can ruin flipping.
Starting from the market value of the remodeled property, we will discount the expenses and the profit that we want to obtain and we will determine the value that we must pay for the property. Here is the key to the Flipping House, BUY CHEAP.
Yes, I wantandIf you advise yourself on Flipping or Real Estate, you can contact Leandro Bellucci.
Contact information:
Offices in Belgrano 2214 – Mar del Plata
WhatsApp 223-6349596
https://www.instagram.com/leandro.bellucci.bienesraices/
You may also like
by CEDOC