Finding fix and flip properties is a great way to achieve a steady monthly net profit for your invested dollars. House flipping is where you own a home for less than 12 months before selling it at a profit. The longer a house you fix sits on the market, the more expenses you incur. You'll first want to know where the hottest property markets are for the highest capital appreciation. Since Southern California has always been a great real estate market, we've pinpointed three specific locales to help ensure there are plenty of hungry buyers to bid on your renovated home (all prices are referenced from Zillow.com).
3 Areas in Southern California That Are On the Rise for Fix and Flips
Posted by Ken Meyer on Wed, Jun 08, 2016With high demand and low inventories of homes for sale, SoCal is a great market for fix and flip investors. Markets are always evolving, always changing, and it pays to stay on top of things. It also pays to heed the advice of those who have been successful in this market for many years. Here are the 5 top tips from successful California Fix and Flippers that we feel are the most valuable:
Flipping houses can be a rewarding endeavor. However, it comes with numerous obstacles. A person must be patient and persistent in order to succeed in this type of enterprise. There are a number of common issues people run into during fix and flip projects. These problems are often shown on popular television shows. But, there are some problematic factors to consider that do not have enough dramatic flair for television. These issues can significantly affect your project. Here, we will take a look at 3 fix & flip problems you won’t see on TV.
5 Things You Should Never Cut Costs On When Rehabbing a Property
Posted by Ken Meyer on Tue, May 17, 2016When renovating a home, there are areas in which you can afford to be conservative. Other things require more attention, and money, in order to save time and hassle, earn money, and sell faster. Here are five things you should never cut costs on when rehabbing a property.
One of the most lucrative business models in real estate is the fix and flip model. Although foreclosures are on the decline, the market is still on the rise and it is a good time to get into the game. Read on to learn the seven steps for success.
Fixing and flipping real estate can be a wonderful way to make money. However, if you want to be able to make a nice profit, you have to know how to get buyers interested in your fix and flip property. Luckily, following a few helpful tips can help you get people interested so that you can sell your property at a nice profit.
The Top 6 Upgrades That Add Value to Your Fix and Flip Properties
Posted by Matt Meyer on Tue, Apr 26, 2016I asked SoCal Real Estate Group members for their opinion of the top 6 ways to add value to their fix and flip properties. The group is made up of local Southern California real estate investors that primarily focus on purchasing and repairing properties that have been neglected. Here is what they came up with:
Curb appeal sells houses, and great curb appeal sells houses fast. Before you list your fix and flip property, make sure you are getting the maximum return on your investment by paying attention to the exterior of the home. If you need some guidance on the best way to spend your money and still get the features your buyers want, check out this list of the top 3 front yard features Californians are looking for.
3 Inspection Items You Must Not Overlook When Evaluating a Fixer-Upper
Posted by Ken Meyer on Tue, Apr 12, 2016If you are interested in purchasing a fixer-upper property, you are probably excited and raring to go. However, you'll need to carefully inspect the home for potential problems so that you know what you are getting yourself into. A lot of issues aren't a big deal -- for example, many cosmetic issues can be fixed relatively easily and affordably -- but these are three inspection items you must not overlook when evaluating a fixer-upper. They're more serious problems that can be quite costly to repair, so you'll need to take that into consideration when determining whether or not to purchase a property.
Why California Provides a Great Opportunity For Fix And Flippers
Posted by Ken Meyer on Tue, Mar 29, 2016You can make money by investing in a fixer-upper and fixing it up in any state in the country. However, some states offer better opportunities for investors than others. For example, once you learn why California is a great opportunity for fix and flippers, you might be interested in investing in property in this great state.