Those involved in real estate investing are gaining unheard of wealth, even when the rest of the economy is growing at a mediocre rate. Despite the real estate crash in 2008, homes are now surging past their pre-crash values as real estate does what it has always done, which is gain in value over time. However, there is a way to take advantage of real estate value without holding property. This is known as flipping and takes advantage of the concept of buying low and selling high.
Flipping From the East Coast to the West
As you’ve seen on TV reality shows, flipping involves buying a home at a low price, renovating the home in a way that attracts the most buyers, and then selling it for a profit as quickly as possible.
Remarkably, it is possible to make more than $100,000 in a single flipped home. According to data from Attom, there are nine metro areas in the United States that had an average gross flipping profit of over $100,000 in the second quarter of 2016. These cities include San Jose, San Francisco, Los Angeles, New York City, San Diego, Ventura, Baltimore, DC, and Seattle.
Is Flipping Right For Me?
Think about it this way: You can put your money into a jumbo CD, tying up your money for five years for less than 1% interest, you can put your money in a risky stock market environment, or you can turn to something producing huge profits like flipping homes.
But how do you know if real estate investing is right for you? Start by answering the following questions:
- Are you an investor that wants to increase margins?
- Are you an investor that wants to maximize profit?
- Are you an investor that wants to minimize risk?
If you answered yes to any of these questions, then flipping may be the right investment vehicle for you.
Taking The Next Step
The best way to get started is with hands-on one-on-one training. This is because hands-on learning is real learning. Although you can read about house flipping from a book, until you’ve actually been involved in the process, it is nothing more than a concept. We understand that learning by doing will lead to greater investment success.
That is why Real Estate Knowledge Institute (REKI) offers customized training. REKI identifies each investor’s strengths and weaknesses, while addressing the main concerns of flipping such as:
- Determining the right geographic region for their investments
- Developing a strong network
- Finding good deals
- Negotiating deals
- Creating the right deal structure
- Funding sources
- Assessing the scope of work and rehab costs
- Understanding the flow of a rehab
- Selling the property
If flipping sounds like the right investment vehicle for you, or if you have would like to explore the possibilities, contact REKI today. We can help you learn to make your own $100,000 flip.