Flipping Real Estate
for Today's Housing Crisis
Five years ago, buying properties and holding was a no
brainer. A few years ago you could practically throw your
money and anything and make money from sheer appreciation,
but times have changed. There is actually more money
to be made now, you just need to lose the
conventional mindset and do things a little differently.
Cashflowing is still a great strategy (as long as your
property isn't losing value), but there are much
better ways to make more cash quickly. One of the best ways
is through flipping real estate (otherwise known as wholesaling).
There are different definitions that people refer to for
flipping. Some refer to it as actually buying a property,
then quickly fixing it up to resell it. This is a strategy
you can implement but there are also additional financial
risks that can be a concern, particularly in flat or declining
markets. When we refer to flipping, we are talking about
tying up properties at a discount (using an agreement) and
then assigning (or flipping) them to another buyer for a
quick profit.
For further clarification on terminology, when you “assign”
a property to another investor, this just means you’re
transferring the right to them to buy the property directly
from the seller.
This creates the following advantages for you:
- It’s virtually risk free
- There is no need for excessive cash or credit, or any
financing
- You are not taking ownership so there are no closing
or holding costs (interest, taxes, insurance, etc...)
- You do no repairs or work yourself
- It’s great for generating quick cash
Once you get a property under contract, you will have
control, without the liability. Then you
can wholesale it to another investor at a higher purchase
price or for a flat fee. They take your place in the agreement
by way of the contract assignment, then purchase the property,
take care of repairs and either keep it or sell it to someone
else for a higher price.
This is a great no risk strategy to create quick cash
without using any of your own credit, money or other financing
techniques. Since you have neither of these limitations
you can also do as a many as you want making it a good cash
flow strategy especially once you have a
solid system working for you.
You can do these types of flips and assignments in up,
down or flat markets. You have no risk because you are only
tying up the deal to “assign” it to another
investor or individual. So even if an area was depreciating
severely, you never take ownership and assign the property
in an average of two to six weeks. What about a worst case
scenario? Let’s say you don’t assign the property.
Since you have no risk, you lose nothing!
That aside, this also gives you another exit strategy if
you decide you want to pass off a property to someone else
so you can move on to better deals!
Don't get stuck focusing a conventional methods or you
will be dealing with a lot more risk. Flipping
real estate this way allows you to eliminate these inherent
risks and give you the best options you need to capitalize
on the current housing crisis!
Join the ranks of those profiting from the current crisis!
Our system is geared specifically for today's real estate.
Go to:
http://www.creativerealestatehelp.com/index.php#program
We look forward to helping you achieve your financial goals!
To your success,
The Creative Real Estate Team
CreativeRealEstateAcademy.com
http://www.creativerealestateacademy.com
Maximizing Profits from Today's Real Estate Trends
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