5 Things You Should Know Before You Flip A Property
1. Money is made at the buy, not the sell of your flip. When flipping a house your money is made at the purchase not at the sell of the house. So, many times people buy a house with the intensions of making a huge profit only to find out that they could not make any money after all the renovations because the purchased price of the house was to high. When you purchase your property you need to be sure that you buy the house with enough money to make renovations, have carrying cost, and add about 5 $6,000. Now, cost is at $147,000, and that is if everything goes as planned. Profit is under 10,000 dollars. The mistake was made at the purchase at the home, not the sell.
2. Get an inspection on the home - Get a complete inspection done on your property. By, spending a few hundred dollars on this expense you can save thousands in problems that you cannot see. Foundation, Pest, Wood Rot, Etc... By, getting a full inspection you can rest assured that you know every thing that is wrong with the property before its to late. In the contact for the house you need to make sure that you have 7 days to have a inspection preformed, and if the inspection finds problems that are going to cost more money that you are willing to spend you can get out of the contract with no penalties.
3. Don't do the work yourself: - Get a contractor or several sub-contractors and have the work done quickly. You need to have you house flipped ASAP, so that you can get it on the market and get it sold. When I started flipping my brother and me did a house together, and we did all the construction. I had a construction background and figured it would save thousands, but it took us over 4 months to get the work done that a contractor could have had the work done in a month. But, we trying to save money on our flip did all the work on our time off and after work, and it just took to long. On our 2'nd flip we used contractors for almost everything and had the house completely flipped with a new roof, new air conditioning, new hardwood, and much more in only 3 weeks. We did not have to spend all our time working on the property and were able to spend that time looking for the next deal. This is how you get rich in real estate.
4. Place the property for Sale 1 to 2 percent below market value: If you are wanting to flip real estate and make money the object is to buy and sell the property as quickly as possible, so that you can move on to the next house. If you purchase a house and try to sell it at top dollar to make and extra couple of thousand dollars on your flip, and end up holding it for 6 months you are loosing money. Get the house on the market at a price that is going to blow the competition away, and you will sell it no matter what the market conditions. On our second house the market for selling house went down do to the housing market as a whole, and the tightening of the loans across America. We were told that you could not sell a property in this market, but we went ahead anyway and flipped our house. After 3 weeks on the market we had 3 people wanting to buy the house. Why, because we offered it at such a great deal that people wanted to jump on it. That is what you have to do especially if the market is slow.
5. Use a real estate agent - Do not try to sell you house on your own. Harness the power of a real estate agent and the power of the MLS system. When you do a FSBO you are depending on people driving by your house and seeing you sign, with a real estate agent you have some one actively marketing you house to get it sold. Once again this will free up more time for you to look for more great deals. If you want to help the process I have found that craigslist and listing you house in google adwords help to, but I use these tools with the help of a agent to make sure I have all my bases covered.
I hope this article has been helpful with the basics needs of flipping a house. If you will study and learn you will make money. But, do your homework before you purchase a house, and make sure that you can pull a profit on your deal. Then, make it happen!
It works round-the-clock, and for not just days or weeks, but for months and months, very own Money From Your Website making you tons of CASH!
It works round-the-clock, and for not just days or weeks, but for months and months, very own Money From Your Website making you tons of CASH!
Have you ever dreamed about a real and easy way to get revenue in Internet, even if you have absolutely no experience?
We have good news....
Make cash online now
Turn your expensive web site traffic into money. Join our partner program. We offer the most pay-per-click rate to help maximize your money stream.
Imagine running of a something that never failed to provide you with money-flow. A never ending income generator, a system so amazingly gainful that
you never had to work for a boss ever again!
0 (zero) investment program
We designed this system specifically for NO COST methods, to make thousands, if not millions of dollars, without spending money.
Join our revenue making program absolutely free and 100% risk free.
Earn $1,000... $2,000... $5,000...
Turn your site traffic into cash!
You get paid for every visitor that clicks on our commercial. Our goal is to enable you to make as much as
possible from your promotion space. We pay monthly, either by check, or instantly through PayPal.
Our program enables you to generate a steady stream of income, 24 hours a day, 7 days a week, 365 days a year.
Allowing you more time to focus on the things you love. You'll even be making income while your sleep!
TESTIMONIALS
TESTIMONIALS
"...It's great idea making money online..."
"...It's great idea making money online..."
Thank you so much for creating this unique opportunity for me.
I'm studying at the University of Manitoba and I have always been motivated to find new ways of making money.
Your website is perfect for me making extra income. It's great idea making money online!
Christine Taylor, CA
Will my Web site work for me?
Yes, absolutely! With our partner program everyone can earn every day!
You will earn revenue from 100,000 advertisers. Also you can be absolutely new to use our system - you don't have to have ANY experience. That's really simple.
We have successful members from all countries of the world and they are part time employees, students, house wives, retired people, just everybody.
Because our system works anywhere and for everyone!
Any proof of earnings?
Sure. For example, look at the results of using our partners program. Here is real screenshot of bank account presented by a partner:
TESTIMONIALS
TESTIMONIALS
"...I have been looking for something like this..."
"...I have been looking for something like this..."
Hi, this is wonderful!!!! I have been looking for something
like this! I found your site and just wanted you to know that I think this idea is splendid.
Good luck to you.
Turn your valuable blog visitors into cash.
Work online and join our free money making affiliate program.
We offer the most pay-per-click rate to help maximize your
money stream.
Join our money making program absolutely free and 100% risk free.
Our money making system
enables you to establish a steady stream
of money, all around the clock.
Allowing you more time to focus on other tasks.
You will even receive money while you not working!
FREE INVESTMENT PROGRAM
We created this free money system
specially for NO COST methods,
to make hundreds, if not millions of dollars, without spending something.
CASH WHILE YOU SLEEP
Earn $1,000... $2,000... $5,000...
Turn your site traffic into cash!
You get money for every visitor that clicks on our advertizing.
Our wish is to enable you to make as much as possible from your
webpage.
We pay monthly, either by check, or using PayPal.
Wireless cell phone video surveillance solution is here adding a sense of private security and safety it offers you real-time video monitoring.
This technology utilizes the most powerful software applications
for distantly monitoring from Anyplace in the globe.
This is a solution that will turn any ordinary cell phone into a high end surveillance device.
The security system brings video from video source such as USB or IP Camera to your mobile phone. It contains both the client and server software.
You can view your room, corporation, babysitter, parents, pets, etc.
You can watch live shots from your webcams on mobile phone via
any kind of online connection from any location in the world.
In case of invasion, a real video helps prevent false siren and cancel police dispatches to avoid the fines.
Enjoy the freedom of viewing all your webcams
on cell phone anytime and from everywhere with just the touch of a button.
How does cellular surveillance work:
You attach your webcam (USB, IP camera, or Camcoder) to your home pc
and install the application.
The software captures video and audio from webcam and sends it, as compressed
media stream, to web server.
You login to this Web server from your cell phone and see your webcam.
No particular software for your mobile phone is needed.
Promote to over 10 million users around the globe.
We advertise your company in global network of partners webpages,
each with own targeted auditory.
Our company gives you innovative advertising methods that makes your business profitable on the Internet.
We will provide you with real and visible results and take your website to the next level. Advertise to Millions users Now...
Increase your website search engine rankings
Be presented on search engines is one of the most important strategy to increase web-site
traffic and show your business or service to individuals that might be looking for what you are offering.
All big search engines use a software to calculate your website ranks.
They know how many sites are linking to your web-site; more referrers and visitors
better rank for your web-site. Get Higher Rank...
Millions of Shoppers
Reach millions of customers looking for products and services.
Our auditory is constantly increasing and now it's over 25 million unique shoppers every month.
We only work with high-quality local and global promotion sites, which bring potential
customers from North America, Western Europe and upcoming markets. Get More Hits, Get More Shoppers...
Alternative Options for Treating Allergic Rhinitis
by: Stacey M Kerr MD
Here in northern California, allergies are a significant health problem leading to fatigue, sick days from work and school, and secondary infections. Allergic rhinitis is a reaction to seasonal airborne allergens. It affects about 7 percent of the population of North America and is a risk factor for 88 percent of asthma patients. We have some excellent prescription medications for treating this, and there are many over-the-counter medications available also. However, BEWARE of the sedating effects of those nonprescription medications!!! Recent studies have shown that an individual on a therapeutic dose of diphenhydramine (Benedryl) is a more dangerous driver than one who is legally drunk on alcohol.
Fortunately, there are also some effective alternative therapies for allergic rhinitis.
Remember: no matter what method you use to treat your allergies, nasal rinsing to clear the mucus membranes of trapped allergens is essential. It only takes about 30 seconds, doesn't hurt a bit when done correctly, and makes all the difference. I recommend Nasopure®, a product developed by Dr. Hana Solomon, a pediatrician who has put together in one simple kit all you need for successful nasal rinsing. There is an excellent article about this on the Nasopure website (www.nasopure.com). If you are regularly using your Nasopure®, and still having difficulties, you can try some of the following remedies without significant side effects.
Vitamin and mineral supplements:
* Vitamin A - 10,000 IU/day
* Vitamin B6 - 50-100 mg/day
* Vitamin B5 - 50-75 mg/day
* Vitamin C - 1,000 mg/day in 3 divided doses
* Vitamin E - 400 IU/day
* Zinc - 20-30 mg/day
In addition some herbs and nutrients can help:
Quercetin has anti-allergy and anti-inflammatory effects if you take it 250mg two or three times a day.
Freeze-dried stinging nettles (Urtica dioica) can relieve symptoms of allergic rhinitis at a dosage of 300mg twice a day.
Eicosapentaenoic acid (EPA) and docosahexaenoic acid (DHA), also called fish oil, can help asthma patients with allergies by stabilizing the airways. They come in capsules and the total dose of the combination should be 2-4 g/day.
Acupuncture has given many patients significant relief. The Chinese medicine paradigm is very different than Western medicine, so I can not explain the mechanism of action. But I know that it is effective!
See your doctor about allergy symptoms if you are unable to manage them on your own - the nonsedating antihistamines and anti-inflammatory nasal sprays available today are excellent in treating this significant health problem!
Stacey Marie Kerr, M.D. graduated from the University of California Davis Medical School in 1989 and is currently a board certified family physician. Dr. Kerr is a member of the California and American Academy of Family Physicians. She holds a B.S. in Education/Special Education from the University of Missouri, Columbia Missouri. She hosts a website the-doctors-inn.comthat provides personalized answers to medical questions.
No comments:
Post a Comment