House Flipping: How To Get Started

By: Frederic Haislip



So, you want to make money out the real estate business and you have been dreaming about this for quite a while. What can you do? First, let the dreams aside and get involved! You may argue that you do not have the experience to get things done right, or you are too young, but you must know this: you can earn big cash in this business and you can do it by learning how to “flip” houses.

Making a fortune in the real estate business may not be as hard as you think. I want to talk to you about a friend of mine that managed to make quite a huge amount of cash from flipping houses. This friend of mine made his first move by buying a HUD repo and this way, he did not have to put some money down in order to get into the house. He did all the repairs necessary and then he sold the house for a profit. He used all the money made from his first flipping job to buy a second house that was in need of repairs and of a good seller. With the money made from the second flipping job, he managed to get on with his third project of this type. And the money he made was not pocket change!

You may think that my friend spend a lot of time with all this buying, repairing and selling. Well, you may think again, because before one year passed, my friend already had bought, repaired and sold the forth house!

Let me share you some of my friend’s secrets that led him to success. When he went hunting for houses for a flipping job, he carefully chose only houses that needed minor repairs here and there and totally avoided houses in need of complicated structural repairs. He took care of the small repairs himself, like painting, lighting, plumbing and carpeting. When he finished, he was ready to sell the house and he did, for a nice profit that guaranteed him the next step in the business.

You may have heard many people talking about flipping houses, so you did not know what to believe. Some say that making money this way is almost impossible, that you must have quite a load of cash to start. Ignore these comments. There are opportunities to buy houses for flipping without putting money down, through loan programs or with the help of sellers that can lend you the money for the closing costs.

There are people making money in this line of business. I know individuals that have done a great deal of flipping and they expect to make incredible profits, even around $100,000 on a single job! And we are talking here about only one single month of work!

Of course, there is a serious competition in this field and you may want to be above the others when trying to sell your house. Think about the use of Design Psychology that can get you that thing that will make your house stand out from the crowd when visited by potential buyers. The people that will come to buy from you will feel good in your house and they will want to spend even a little more than on other offers, exactly for this feeling.

The real estate business is an incredible source of fortune. You do not necessarily need a start up budget, the time to make the first cash is short and investing in real estate is known to be good business. Some people made even millions by investing in real estate. You can be one of these people; all you have to do is get to work.


Frederic Haislip is the Editor and Publisher of Article Click. For more FREE articles for your ezine and websites visit - www.articleclick.com