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Flipper Illusion There's no doubt about it, flippers are coming out of the woodwork, so to speak. But flippers beware, those dollar signs you see in every house you see for sale may be just an illusion. New to flipping? See a gold mine in every run down, dilapidated property? Don't have much experience, but your willing to learn? Time to slow down, step back and ask yourself the real question. What am I doing?
Without doing the proper research, talking to the people who have made the mistakes, planning or budgeting, you may be headed for the biggest disaster of your life. Sure you may be able to convince the lenders to give you the money, you may be able to convince yourself that you can really do it, and maybe you can, but how should you do it.
The fast flip, in my opinion should only be handled by experienced flippers. For the most part they know what they need to do to get the property back on the market fast for a quick sale. Normally they have some financial stability in case of delays or a sudden slump in the market to get them through. There's no guarantees in the market.
For the first time flipper, you need time and money. Time to make your mistakes, learn as you go, and time to earn more money to complete the project. Why not live in your flip? I do, I live in most of my flips and haven't lost a cent yet. Sure I have done a few fast flips, but then again I have over 30 years experience. In a fast flip I do none, or very little work, even though I could do most of it. Fast means fast, it means getting the professionals to do it for you. You buy, you sell. In the words of a very wise man, "get in, get out, go home".
You want to know more, read some of my articles. I hope the y help.
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UK Real Estate Option - A Different Spin This I found very interesting, and after some research, I must say that if you live in the UK and you are wondering how to get into the real estate business, but don't have much experience or the desire to take the risk, there may be an interestying solution you may want to consider.
This is what you will find if you visit their web site
Would you like to make £10,000+EACH MONTH from investment property in the UK, with ZERO RISK and ZERO FINANCIAL OUTLAY?
Would You Like To Become a PROPERTY MILLIONAIRE Within The Next Few Years, Without Spending Your Own Money?
If you answered YES, the Property Locators' Club could be for you.
The come on is typical but after looking into this opportunity what I found was that they have a successful track record in creating wealth from the property market and their business is expanding rapidly. They promise that You will NOT have to do any personal buying and selling of property!
You will NOT have to refurbish or renovate any properties! AND...
You will NOT have to spend any money on fees, surveys or deposits! (In fact sometimes you can even get thousands of pounds CASH BACK!)
You will NOT have to do any negotiating!
You will NOT have to do any buy-to-let!
You will NOT have to get involved with any kind of auction or "off-plan" deals!
Plus they want to meet you face to face before they commit to training you for this opportunity.
The number of locations is going fast so if you do live in the UK you may want to have a look at this one.
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