Saturday, April 14, 2007

Flipping Foibles

It's not our listing, but we recently checked out one of the most intriguing fix-up properties we've seen in Brookdale.
There is water damage and significant structural issues, but at 259K on a double lot, it's a great investment for a handy "flipper" with cash. Such deals are best for savvy investors with contracting connections.
When Flipping a House, Consider Teaming Up with a Real Estate Agent

When first starting out, real estate investors often make the mistake of working without a real estate agent in order to save on commissions. Going agent-less is bad for two big reasons:
Increases exposure to risk. An experienced and knowledgeable real estate agent protects your interests both when you buy and when you sell.
Decreases profit potential . On average, a real estate agent can sell a house in half the time it takes an owner selling it herself, and in flipping, time is money.

For a crash course in flipping, check out flipper central:

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