Millennials are now the fastest growing segment of home buyers and are changing the home buying process. On your next real estate investment flip, part of your homework is to understand who is buying and where they are buying.
Not everyone will be onboard with connecting everything to a hub platform, but for the savvy house flipper, adopting one or two of the simpler enhancements most buyers are familar with may facilitate a quick sale.
With the Fed holding down interest rates and as we adjust to a “new normal,” the demand for housing is strong and millennials represent the largest group of new home buyers entering the market.
There are a couple of ways to buy a foreclosed home: through an auction or an REO, where a bank or government entity (Fannie Mae, Freddie Mac) lists homes that have been repossessed for non-payment.
Buying a home at a foreclosure auction can be a great deal, if you can handle the risk and do the homework.
Getting a real estate license will not only help you when finding and negotiating your next flip, it will save you money on fees and commissions.
The housing collapse in the early aughts, brought on by subprime lending is completely different from the situation today.
Where to begin? Research and education is always the best path before embarking on any venture, especially where your money, time and energy are on the line.
When flipping a house on thin margins, painting is something any house flipper can do. This is an area you can really save money when you do it yourself and reap rewards when you do it right!
Are you ready to invest in more a upscale property that will provide greater profit? Consider hiring a general contractor. Here are a few tips.