Factor 1: You are looking for opportunities to make some extra cash. Factor 2: You don’t have a large sum to invest. Factor 3: You know that selling houses can generate extra money, but not sure if you are ready to try it. You combine all these factors, and the solution is house flipping. Try the Flip2Freedom program to learn everything about the trade, and you can retire right about now.
In the first quarter of 2019, 49,059 houses were flipped, representing 7.2% of all home sales in the U.S., for that period. This indicates that the potential is huge. Begin your second innings by flipping houses for a neat profit, but first, a few pointers about the program.
You Don’t Need a Large Investment
You need a few hundred dollars to start your real estate flipping business and open an escrow account. This will help you begin with low-priced properties and work your way up the ladder.
You Can Do It Even With a Bad Credit
You may have made a few mistakes that left you with a poor credit rating. That, however, cannot stop you from living your dreams. You can still try your hand at flipping houses.
You Need A Plan
Like any other business or profession, in real estate, planning leads to success. So, write down your goal and how you plan to achieve it. You can tweak the plan as you go, but your end goal remains intact. You can make adjustments to the plan from what you have learned from each success and failure.
Where Do I Start?
There are several ways of flipping houses. Some of them require a small investment and a little time, while others have proven to be quick with virtually no investment from you. The Flip2Freedom program can turn you into a pro real estate investor with very little cash and no credit.
Fix-And-Flip
This is another way to flip a house, where you will need to own the property for some time. You buy a home that you think has potential, after making a few changes. So, you buy, renovate and fix, and then sell. The property value shoots up after you have fixed, and you will make a handsome profit after removing all your expenses. The average profit made in 2019 by flipping houses was $60,000, according to a report.
Contract Flipping
House flipping is as simple as finding a buyer for a house that you know will go up for sale. When you find the buyer, you can contact the homeowners about selling it. You collect from the buyer and, after removing your profit, pay the seller. Then you transfer the title to the buyer. So, you don’t own the property and haven’t invested much more than your time.
Default-Type Flipping
When a homeowner misses a few mortgage payments, and the house may be going up for foreclosure, you can convince them to sell the house instead. You can buy the property at a lower price than its value. Then find a buyer who will pay the full amount.
You can be part of the Flip2Freedom program and create an income stream that can help you retire early. So, what are you waiting for? Start flipping.
