Lately, it seems that everyone I talk to wants to do flips. I hear the same thing coming out of everyone’s mouth. They saw it on TV and want a piece of the pie. TV is, well TV and Flipping is not as easy as it seems to be. We are in one of the hottest markets in one of the hottest cities in the nation. All eyes are on Houston, as if it were 1969 all over again (You know Apollo, Armstrong, and the Moon?). Flipping is a very lucrative and attractive deal but it can also be a very demanding and frustrating hobby. According to yahoo, Home flips were up 114% since 2011. The flipping market is overly saturated to say the least. I hate to sound so negative about flipping after all “flippers” helped bring the economy out of the Great Recession. I am only offering an alternative. Maybe its not the $40,000 profit in 6 months you imagined, maybe its not the $100,000 “extra” a year you wanted, but it is security in your families future.
All I can say is Rentals, Rentals, Rentals. Rentals that you “Buy and Hold” – prices have consistently gone up in Houston over the last couple of years. With more and more people moving to the city week after week with no where to stay. Rents are at an all time high and mortgage rates are still historically low. You could buy a home rent it out, with that money pay the mortgage and keep whats left in your pocket. The possibilities are endless with rentals and this is where i think your focus should be.
Now, is the time to buy and hold. The time to build wealth for you family. The time to build supplemental income that will support you in the long run. Right now is the time to contact your Local property managers and realtors and ask them how they can help you or email us info@casas-torino.com . #buyandhold We are here to help, we are here to innovate, we are here for you. #torinorealestate. over the next couple of days I will list a couple of tips on how to get started.