Work at Home How-To Magazine COVER Page
YOU Can Advertise
In This Magazine
Flipping Houses the Sexy Way to Real Estate Riches
By Wilbur Corncob
It seems to be everywhere, the hype makes you think that flipping houses for profit is as easy as flipping a pancake! At first I couldn't understand all the excitement. Maybe I am just old but it finally dawned on it. Flipping houses isn't new at all. It's just a new name for an old way of making a lot of money in real estate with a LOT of HARD work; fixer uppers.
That's right fixer uppers. Now, that does sound like a lot of work. Who would want to sell you an ebook explaining how to make a lot of money in real estate that involves a lot of hard work? It's better to call it something spiffy and new so the ebook and course profits are increased; without any hard work!
Now comes the question.. what exactly is wrong with flipping houses or buying fixer uppers and fixing them up and selling them? The answer is of course absolutely nothing and it might be the best way to the best profits in real estate.
You need to know what you are getting into though. If you are already making mega bucks with fixer uppers, oops, I mean house flipping, you probably aren't searching the Internet for information. If you're looking to get started you probably ended up here and with a half dozen courses and ebooks purchased.
Now your at the difficult part. Actually doing it. If you were just investing in a simple rental property it would be easy. Buy the property, rent the property, possible resell the property. When you purchase the property you just have to decide on its value once, the rental price (possibly easy if its already rented), and determine if it is easily rented for your desired price.
For the flipper you'll need to decide on some prices. Actually "guess" might be a better word until you have some considerable experience. First you have to decide on the price you'll purchase the house it, then and more importantly you'll have to guess what price you'll be able to sell it at once fixed, and you'll have to guess at what the repairs will actually cost (and how long they will actually take). Guess wrong on any of these 3 prices (or what the repairs will actually involve) and your easy profits with no work may just be dreams digging a hole in your wallet.
Chances are you won't have the benefit of any cash flow from rental income until your fixer upper has been fixed up! If you misjudge the repairs or how long your contractor will take to finish the project you could be paying the mortgage out of your pocket.
Of course your always told to just go after the properties that need minimal work like one coat of paint and the lawn mowed. Good advice. You might ask why the person offering the property dosen't do that work. There are many possibilities and one might be that for some other reason the property is a dog.
Now, of course I've seen the formulas. For example you can purchase a beat up little house for $140,000 or us. It will cost you another $20,000 to have it fixed up to be the spiffiest little house on the block (OK, make that $40,000 cause your contractor forget a few details). Now the more important part of the formula is that this house is not ready to be sold for $349,000 or so. That means after a month of two of fighting with your contractor you can sell your $180,000 house for $349,000 and pocket a cool $169,000.
Who wouldn't be first in line for that? I suspect there are only two problems with this formula. Remember above I talked about guessing. Well, I guess that a house that needs $20,000 in work to be worth $349,000 will be offered on the market at something like, well, you guessed it $349,000 not $150,000.
The second problem is how we guessed this house should be worth $349,000 in good condition. In my neighborhood there are over 500 condos for sale. One web page lists 494 of them! Some of these are brand new and some are older buildings (some much older). Now this should present some excellent condo flipping opportunities. A little paint, new bathroom or kitchen fixtures and a cheap condo is ready for a millionaire!
The problem with the idea of flipping condos in my neighborhood is that a new building is going up on almost every street corner. Many of the old condos have asking prices as high or higher than a brand new condo. Now, I buy an old beat up one, fix it up, and when I'm ready to sell it I have to compete again brand new condos!
That is a sales job I don't want. Every purchaser will ask the same question, I can buy a new condo for the same price.. why do I want your old one (fixed up or not)?
For now, I think I'll stick to flipping hamburgers
This article was published using Article Submitter
Work at Home How-To Magazine
FULL PAGE ADVERTISERS
._0-WANT_TO_PURCHASE_ MINERALS_&_OTHER_OIL_&_GAS _INTERESTS.pdf
0-WANT_TO_PURCHASE_ MINERALS_&_OTHER_OIL_&_GAS _INTERESTS.pdf
WANT TO PURCHASE
MINERALS AND OTHER
Send details to:
P.O. Box 13557
Denver, CO 80201
Current Issue of 08/23/2019
STOP YOUR MONEY WORRIES
BUY DIRECTLY FROM "DIRECT" SOURCE!
VISIT OUR ONE-OF-A KIND WEBSITE
TO FIND SOME OF THE MOST POPULAR
OFFERED TO THE PUBLIC AT
UNBELIEVABLE, WHOLESALE PRICES!
FOUNTAIN OF YOUTH DISCOVERED!
Along With Ways To Make Money Fast!
Imagine living to be 100,
looking half your age, disease free.
No more sickness, doctors,
medicine, hospital bills.
Prevent colds, flu, diabetes,
cancers, high blood pressure
My report reveals the secrets.
Plus, a Free bonus report.
Send $5 to:
HC 66, BOX 361
SPENCERVILLE, OK 74760
You never have to pay back! Receive $2,500 every 30 to 45 days. You make a pledge to send a $100 Gift (one-time) to only one person.
SHORE TO SHORE MAGAZINE
New Ad Rates:
1" CR $7.00****2" CR $10.00
3x6" CR $15.00****4x5" CR $20.00
3x8" CR $22.00****5x7" CR $35.00
8x11" One Side****$50.00
8X11" Two Sides****$80.00
All Ads Must Be Camera Ready
Ad Deadline-25th of each month
P.O. Box 1980
Rogue River, OR 97537
ROAD TO RICHES
$6,000 GuaranteedMillions Possiblewww.roadtoriches.org/main-3693William D. Powell49 W. ChicagoPontiac, MI 48340
GUARANTEED DISCOUNT PRICES!
Go online website
Enter code DSO6854
for Free gift with 1st purchase. Top brand-names like Gap Kids, Reebok, Addidas, Oshkosh!
Don't put it off!
GAIN A SECOND INCOME!
Have People Send You $100 Money Orders.
YOU CAN EASILY RECEIVE A SECRET...
That You Are Not Required to Ever Pay Back!
$300K up to $100M for refinance, purchase or construction.
J.C. PATTON BROKERAGE SERVICE
841 NEWPORT RD.
LEXINGTON, MS 39095
FREE INSTANT CASH FLOW SYSTEM!
A $597.00 Value! Send $1.00 processing fee to: Free Instant Cash Flow System, 100 Blackamore Ave., Suite 22 (Reg. #2770) Cranston, R.I. 02910
HAND & BODY LOTION
BATH & SHOWER GEL
SOOTHING BATH SALTS
Enjoy These Fine Products
Enhanced With Natural Ingredients
Developed To Protect
And Moisturize Your Skin.
Enjoy The Enticing Rose Fragrance.
4 Oz. $7.50 - 8 Oz. $14.50 - Bath Salts $15.00
PO Box 303
Randallstown, MD 31133
14 BEER RECIPES
Ingredients - Directions
Only $10.00 Cash or Money Order. Three more Beer Recipes Free.
P.O. BOX 1886
HORSHAM PA 19044
SAVE 50%-70% ON NAME BRAND KIDSWEAR!
Blowout Clearance Sale On
Save 50%-70% Off Retail!
Exclusive Time Limited Offer!
For FREE Catalog.
Mention Code MK92933
For Huge Savings.
Exciting Magazine Worth Having
SHORE TO SHORE
Reliable service, Best of the Best
Offers, Info, Ad Specials!
Will you have the next
One year subscription only
$20 + LSASE to:
Bronx, NY 10452
CARL'S BIG MAIL.
A UNIQUE COLLECTION of 'MAIL ORDER'S BEST OFFERS'.
The GREATEST 'MONEY-MAKING' & "SAVING OPPORTUNITIES".
The MOST VERSATILE, EXCITING 'BIG MAIL'.
* The NEWEST PROGRAMS * PRINT & MAIL
* COMMISSION CIRCULARS and DEALERSHIPS. * DEEP-DISCOUNT ADVERTISING * REPORTS
Details, send $1.00 Plus a S.A.S.E. To:
CARL SMITH * POB 12723 * RALEIGH, NC 27605
Make up to
FREE PRESCRIPTION DISCOUNT CARDS
which save people up to 87% at over
54,000 pharmacies nationwide!
Send this ad and $1.00 to:
PO BOX 111124
AURORA, CO 80042
Attn: RxCut HIM-1
THE MAILBOX MAGIC !
Receive AD with YOU in #1.
Every person who joins from YOUR AD will get their own AD with YOUR name in #2 & #4.
You never Drop-Out.
Start by Mailing $10 to Each Member.
1. Gertha Joseph, 150 NE 173 St.
N. Miami Beach, FL 33162
2. Gerard Jeanty, 12035 NE 2nd.
Ave.#315, N.Miami, FL 33161
3. Akiko Frazier, 98-838B Kaonohi
St. Alea, HI 96701
4.Gerard Jeanty, 12035 NE 2nd.
Ave.#315, N.Miami, FL 33161
STOP YOUR MONEY WORRIES
ADS ACROSS USA
Make out a $20 money order
for each person & a $20 money order & 5 stamps for the monitor.
9309 Sarasota Drive
Knoxville, TN 37923
Get c/r ad with you in position #1.
Get $20 on 3 levels.
We publish this ad and
your 1" ad to 10,000.
P.O. Box 788
Alcoa, TN 37701
OPPORTUNITY TO CUT MORTGAGE PAYMENTS IN HALF!
www.themtgmanager.org/aff/8203 - Leroy Taggart
MAKE A BUNDLE! SELL ORLANDO FUN VACATION INFO PACKS!
Show Folks Best Deals On Most Popular Resort And Vacation Rentals, Dining Out And Having Fun With The Entire Family! 25 Exciting, Fast Selling Info Paks. You Can Become An Exclusive Prime Source For All 25 And Make Up To $150 E-Z Sale!
Free Details Online. Log On Now!
http://www.homebizads. yolasite.com/resources/ orlando.pdf
Or Get The Money Making Free Details By Mail, 2F/Cs(or $1)Postage.
PO BOX 35-188
ELMWOOD PARK, IL 60707
$5000 A WEEK FOR LIFE!
Stop Working Paycheck To Paycheck.
For More Information,
Send $5.00 To:
John W. Collins
P.O. Box 164, Rome, GA 30162
May God Bless