A down to earth look at real estate issues in Northern New Jersey with an environmental twist.
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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