Affiliate Marketing Tips

With real estate flipping, the most you have to invest is an earnest money deposit. That is a big advantage over other forms of real estate investing. The downside? You have to spend a lot of time looking for deals.

Flipping has a couple different meanings in real estate investing, depending on who you ask. Some say any fast purchase and resale, even if it involves making minor repairs and improvements, as "flipping" a property. The more specific definition that many use defines flipping as simply buying and selling without ever actually taking possession of the property.

Can you make a profit buying and selling property without ever owning it? Yes. It is done commonly in some areas. It is a good way to use your real estate knowledge to make a profit when you have little money of your own to invest.

Flipping Real Estate - An Example

One night, at our local real estate investor's meeting, an investor told me he recently found a fixer upper, but couldn't arrange financing. He had an accepted offer, and there definitely was a profit to be made in improving the place and selling it. Fortunately, he had a financing contingency in the contract, so he would get his $500 earnest money deposit back. But he really didn't want to pass up such a good deal. What could he do?

He found a way to make a profit without actually buying the property. There are always other investors at these meetings that are looking for a profitable project. One of them was willing to pay to take the original investor's place. The original investor sold or "assigned" the contract to him for $6,000. Since all he ever had into the deal was a $500 "good faith" (earnest money) deposit, he made a $5,500 profit. This is "flipping".

Notice that he didn't need a down payment. He didn't even have to buy the property to make money. There was enough potential profit in fixing and selling the property that other investors were happy to pay to take his place.

There are a couple important points here. First, this guy knew how to find a good deal. Then, he put in his offer the right to assign the contract to another investor if he wanted to. This is usually done by writing "or assigns," "or my assigns" or something similar after your name as the buyer. Find out what the most acceptable language is in your area.

Some sellers may take issue with this. Simply explain that this is so you can bring in a partner if you want, or let your partner take your place. All the terms of the contract remain the same in any case. In fact, it means that if your financing isn't approved, as in the above example, you will likely save the seller the trouble of finding another buyer by doing it for him.

Notice that you can do deals like this with no money down. In the example above, if the original investor had put the $500 deposit on a credit card, it truly would have involved none of his own money. Of course, that outrageous 3% cash-advance fee and 18% annual interest for a month would have reduced his profit by $22 or so. Obviously zero down is possible and profitable if you start by flipping real estate.

More About Flipping

Usually buyers of contracts will not pay you until the deal is closed. This is only fair, as there may be issues that show up during inspections, or other things outside of their control that prevent the deal from closing.

Although I use an example of a fixer-upper, any property that can be bought cheaply can be flipped. Even if bought at market value, the right buyer might pay you something to take your place. The main thing you need for real estate flipping is the courage to try it.

Copyright Steve Gillman. This article was an excerpt from 69 Ways To Make Money In Real Estate. Want to know the other 68 ways? Visit http://www.99reports.com/make-money-in-real-estate.html Article Source: http://EzineArticles.com/?expert=Steven_Gillman

# posted by mlm-marketing97195 : 8:32 PM  0 comments

Moving home involves a lot of work. There are also a lot of financial considerations that people generally are not used to. Engaging a solicitor, arranging the mortgage, paying for bridging finance if it is necessary, seeking the best selling price for your home, and the best buying price for the home you are moving into, all of these are very large and important transactions that cost a lot of money and may also cause you a lot of stress.

Add to this the stress of actually moving house. There may be some emotional attachment to the home you are leaving and you may find this very difficult. Then you have all the practicalities of dealing with utility companies, having mail redirected, cancelling your services and informing friends and business of the move.

Traumatic

And this has not even begun to consider the hassle of packing up your belongings, arranging for a removal company, and transit insurance if you think you need it, and unpacking everything at the other end. It is really no wonder that so many people consider moving house such a major and traumatic experience.

However, if you take a step back, the situation is really not that bleak. Most people end up moving home for very positive reasons. These will include getting a new job, or moving to a bigger property. Therefore, as well as all the stress there is also a lot of joy and excitement involved.

Get Sorted

You can also use the move as a chance to clear out your possessions. Look through everything before you start packing and decide what things you do not want to take with you to your new address. If there are a lot of clothes you can pack them up and give them to a charity shop. You should think about getting boxes and old newspapers gathered up. Boxes will be available from local shops and you can save your newspapers for wrapping breakables.

If you are moving everything yourself, you can rent a van to help you out. Make sure it is a suitable size. If the van is too small youll find yourself doing multiple trips, and if it is too large you may not be able to park, or even drive it. You should be comfortable with driving the van so give it a try before loading it up to make sure. The alternative is always to hire a professional removal company.

# posted by mlm-marketing97195 : 12:29 PM  0 comments