The topic of this post doesn't really relate to making on the internet, but does relate to a common investment trend that has been going on over the last year. Flipping a House is what they call it. This basically occurs when a person purchases, fixes up, and sells or rents a house for a profit. Flipping a house became famous through the television reality show ironically named "Flip This House". The show consists of regular people buying low market priced properties in hopes of fixing them up to make a good profit. It's that plain and simple. Or is it? The show portrays the process of flipping a house as rather easy and that most of the time you will make a nice profit. In reality, the process of flipping a house is much harder then it seems.
How hard is it? Very Hard. I know this because my uncle is not only a Hospital Administrator and a Doctor, but a real estate investor who explained to me all that's involved in the process. The key element needed in the process is a team of people, kind of like the A-Team. What I mean is that you need a team of experts. You''ll need lawyers, carpenters, appraisers, inspectors, and a loan from a bank among other things. Another element needed here is a understanding of marketing. What I mean by marketing is that you need
No comments:
Post a Comment