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Posted by
Hugo Hernandez

I wanted to get into buying and fixing and reselling after fixing

I wanted get information about buying houses and fixing them and reselling and I wanted know if this is flipping houses or it's something different I have the the labor work already but want get informed before I do anything

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I wanted to get into buying and fixing and reselling after fixing

By Hugo Hernandez   
Posted on Jun 08, 2017 in Topic: Foreclosures & Investments
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I wanted get information about buying houses and fixing them and reselling and I wanted know if this is flipping houses or it's something different I have the the labor work already but want get informed before I do anything
Status: Open
Viewed: 983
Asked by: Consumer
Posted: 7 months ago
Silver
Michael Jobin
about 7 months ago
Hi Hugo,

I hope you saw my answer to your previous question. Buying, Fixing and Selling is flipping. Your sole intent is to make money from the added value of the home when you sell it, allowing you to purchase the next home and "pay yourself". Investors will buy, fix and retain the home as rental property, using the equity in the home as collateral for the purchase of the next home.

Per Wikipedia:

Flipping is a term used primarily in the United States to describe purchasing a revenue-generating asset and quickly reselling (or "flipping") it for profit. Though flipping can apply to any asset, the term is most often applied to real estate and initial public offerings (IPOs). Nh The term "flipping" is used by real estate investors to describe "residential redevelopment"

I hope this answers your question

Michael Jobin
C&K Properties
713.545.2314
MJobin@Jobee.com


Source:


https://en.wikipedia.org/wiki/Flipping

about 7 months ago
Gold
Ryan Kohn
about 7 months ago
Hi Hugo,
Yes this is what "Flipping" is. With that said, their are many ways to invest in real estate. A very large portion of my business is comes from investors who find homes in distress, typically going into foreclosure. They will stop the foreclosure and negotiate a short sale, ( Get the lender to accept a lower sales price than what is currently owed on the Mortgage.) These can be really good deals for both rental income or a quick fix and flip, and they work with me for properties all over the Houston area. If you are interested in more information contact me at your convenience. I currently have 1 active and 2 set to close this month as well as 2 that are going to be listing soon and about 6 more in process of negotiation. I am always on the look out for investors who I can send notification before these hit the MLS.

Ryan Kohn
281-636-8179 Call or Text
ryank@wrkrealty.com


about 7 months ago
Gold
Dominik Szabo
about 7 months ago
Dear Hugo,
Flipping houses is much more involved than the television shows make you believe.

I have worked with investors for the last few years, and have much experience that I can share with you.

Call me for a no cost no obligation consultation.

Dominik Szabo MBA
Brockway Realty L.L.C.
(832) 844 1724
DominikRealtor.com
** The Doctor of Real Estate in Houston Texas **
" Professional, Courteous, and Informed "


Source:


https://dominikrealtor.com

about 7 months ago
Bronze
Ayesha Khan
about 7 months ago
hi hugo hernandes
we are glad to know that you want to buy fix and sell houses.
it takes more to fix than to build, good luck with your idea.
please let me know if you need any help in persuing your dream.
thanking you in advance.
Ayesha khan
7138857502


about 7 months ago
Bronze
Alf Mendoza
about 7 months ago
Hi,
If you email me your email, I can send you some information where to start...I am an active investor, flipping and building new homes.

Best regards,
Bill


about 7 months ago
Bronze
Evelyn Marquez
about 7 months ago
Hi Hugo, another way investing in real estate is buying ready to move in properties and rent it, less stress. no hassles. i can help you to find good areas most of the home are bought by investor and rent it! good way to get monthly revenue.
contact me any time EVELYN MARQUEZ TEL:281 599 7290


about 7 months ago
Bronze
Doris Snipp
about 7 months ago
Actually, what you do with the homes after you have purchased and repaired the homes determines what you are doing. Selling immediately afterward is a flip. Holding the home and leasing it out as a rental makes you an investor. Both produce income, but an investor can obtain a write off on his taxes. Purchase a book that gives estimates of what home improvements cost from a sink to an air conditioner. Have an inspector go with you, to go over the home before you purchase, know the cost and down payment of any mortgage, if you are not going to live in the home. The taxes on the home will be higher if you are not living in the home. Check with others in the business, to not only learn the ups and downs of the business, but how to prevent theft of the improvements you will be installing.


about 7 months ago
Diamond
Shawn Bajwa
about 6 months ago
Estimating costs and resale value ARV (After Repaired Value) is the key. Also finding financing options which allow you to close transactions in less than 7 days will get you the best deals. Most of these resources can be found at local investor meet up groups.


about 6 months ago
Bronze
Lisa Carnes
about 2 months ago
If you are still interest in rehabbing homes I have a list of homes you might be interested in looking at.
Contact me at this email kelseycarnes@ou.edu and see if we can help each other out.


about 2 months ago
Silver
Christopher Dayanand
about 2 months ago
Hugo,

I am an investor and now a full time realtor. I have bought, fixed, held over a period of time and sold houses. When you have the right team supporting you then you can make money. Houston is filled with investors and there is lot of stiff competition. By the time you find one and go home to write a contract, it is already in a pending status. There are a whole bunch of cash buyers ready to grab and close in less than 10 days.

You can reach out to me whenever you need advice or buy one.

Chris
Coldwell Bankers
www.ChrisRealEstatePro.com
832.859.8698


about 2 months ago
Disclaimer: Answers provided are just opinions and should not be accepted as advice.
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