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4 Responses to “wanting to buy a house to flip?”

1. satarnag01 says:

   June 5, 2010 at 4:49 am

   Houses are flippable in any market as long as you bought or controlled them right.

   Unless you have a title rep sending you a list of foreclosures, then the best way to do this is to use http://www.realtytrac.com. This is assuming you want to target foreclosures.

   You don’t need to be licensed. I wasn’t when I started. Licensing just makes it easier to buy and sell and make money while not being licensed, you need to jump through hoops to control/own property (like using assignable contracts) to market and make your money.

   Regarding money, you profit more by using your own. However money is not an issue because once you found a deal, finding someone to finance it is not an issue.

   The best way to find cheap houses is to find motivated sellers or property which is not used properly or can improve in value based on some type of modification or zoning.

   In my area, the investors are flipping short sales. And that is just one of many things that I see.
2. chicagohosting says:

   June 5, 2010 at 4:49 am

   Listen, now is not the time for flipping. That is one of the issues right now in the housing market. No one is buying at the moment, and inventories are extremely high on both new home sales, and existing homes. You may have the money, but banks are not lending on credit now, that is one of the issues. Save your money, because if you are stuck with the house, it could ruin you like it has many people trying the flips.

   Regards,

   Elizabeth L. Strauch, MBA
3. bud68 says:

   June 5, 2010 at 4:49 am

   This is no time for amateurs to try "house flipping."
4. yep says:

   June 5, 2010 at 4:49 am

   Here is a site to find foreclosures and REO’s.

   http://infoonforeclosures.blogspot.com

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