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Real Estate Flipping Basics

You see a lot of articles and books about how to make money “real estate flipping.” Perhaps you’re heard radio or television news reports about the illegalities of flipping real estate. Maybe you’ve seen the late-night infomercials promising you easy overnight fortunes.

What’s the truth about making money flipping real estate?

First, real estate flipping isn’t illegal. Because some dishonest real estate investors conspired with deceitful mortgage brokers and property appraisers, their stories made “good news” for newscasters who love to grab attention with “Investors Scam Banks and Bilk Buyers out of Millions!” sound bites. True, some investors defraud mortgage lenders and/or desperate home buyers. Cheating investors hyped up property values, helped home buyers tell untruths on mortgage applications, and conned banks and buyers.

On the other hand, ethical real estate investors make a lot of money real estate flipping. There are many ways to make money flipping real estate:

1. You can help home sellers in foreclosure save their credit by arranging a sale of the property and never even take title. In other words, buy the property and double-escrow the property to a home buyer who wants to live in the home.

2. Find a seller under stress with a bargain property, secure a sales contract, and sell your contract for roughly $500 to $5,000 to a seasoned real estate investor without financing or taking title.

3. Buy a fixer for a bargain price, fix up the property, and sell for full market price.

You can make money flipping real estate without being dishonest or unethical. But first, you need to:

1. Get your credit in order to finance quickly. ( or have access to private money investors)

2. Study your location so you know what properties sell for.

3. Learn how to negotiate with sellers under stress.

4. Find a good closing agent.

5. Learn how to fix houses or find good professional help.

6. Learn how to sell your property or find a great selling agent.

Before you jump into flipping real estate, do your homework. Copy other successful real estate investors who make money flipping the honest way.

Author: Andrew John Cocks

Over the past 10 years, Andrew John Cocks has consistently been one of Canada’s most hard working entrepreneurs. Armed with a keen business acumen and passion for client service, Andrew has returned to his family roots and is quickly establishing himself as an authority in the real estate market in Huntsville, Muskoka and surrounding rural communities. Andrew’s consistent track record of success is attributable to a unique combination of marketing skills, personal development expertise and highly developed sense of customer appreciation. “I believe the key to a successful real estate transaction for both buyers and sellers alike is exposure and focused client service,” notes Andrew. “If you want better results, increase your exposure and focus. My practice incorporates the very latest in cutting-edge new media marketing, web-based advertising, in-depth knowledge and understanding of the marketplace, with a truly personable approach.” To ensure that client expectations are always surpassed, Andrew works with a team of professionals who share his uncompromising professionalism and integrity. Working alongside each other, skilled sales representatives and dedicated administrative assistants meet the needs of Bowes & Cocks’s steadily increasing client base. An unwavering focus on clients is what keeps things running smoothly. “Perhaps the most exciting aspect of our business,” reflects Andrew, “is that despite the success we have enjoyed, most of our business is generated primarily through referrals from satisfied clients