Flip and Grow Rich | Can It Really Happen?

I recently read an article from NPR that was written back in May. They discussed flipping and how it's back. I didn't actually know that it had gone away, but none the less, the article goes on to talk about a house in LA that was purchased for $390,000 and then sold for $720,000. The article didn't discuss any improvements that might have been made to the home, something that usually comes with the territory. I know that the easy flip is rare, usually you have to deal with all sorts of issues. Demo, remodel, nasty stuff left behind. Heck, some of the nasty stuff alone can cost a pretty penny when an outside firm is contracted to deal with the cleanup. I once met a flipper who had to deal with rotting food left behind by a family that wanted to make the house uninhabitable for the next tenant. Why do people do such things? Read the NPR Article. What are your flip horror stories?

Can investors successfully flip real estate in these trying times? Has the economy turned around? The answers may not be as simple as you think. In the second half of the year, markets have been shifting. Most experts agree, that with low rates, and inventory going quickly, that there's definitely a lot of energy picking up in the real estate market. I recently spoke to a local realtor in the Silicon Valley area, and he told me that more and more investors are paying cash for properties, and paying well above asking prices. This might be a good indicator that those who bought awhile ago, are now flipping their purchases to the highest bidder. What these current purchasers intend to do, I do not know. Many are also saying that this is just another bubble and will burst soon. So why tie up so much capital into real estate thats in an upswing? Do you agree? What are your thoughts on the current market, and the direction its heading toward?

According to an article in the Baltimore Sun, flipping real estate for profit has a pretty bad reputation in Baltimore. For those of you thinking to get into the business of flipping real estate, read as much as you can about these types of behaviors and avoid them at all costs! Learn from other peoples mistakes. The problem stems from properties sold for huge profits within a day, which is an indicator to a problem. Fraudulent documentation is one issue cited by the article, in addition to flopping which is when a property is devalued then resold at a higher price. This can show a fake profit. Beware of scams like these, and read the article to learn more!

Some may be asking themselves, can I really flip and grow rich in this economy? Well it's not an easy question to answer. While there is lots of money to be made in this current climate. There is certainly lots of money to be lost as well. In a recent Wall Street Journal article, mortgage rates are reportedly declining, a prime time to buy property. Money is cheap! However, it would also seem than banks are being more difficult to get money out of, so what's a flipper to do? Even Donald Trump is having difficulty in this market, with his Chicago condos, buyers are not following through on contracts. Remember to do your homework, look at every deal carefully, and ensure contracts are in order. Look for the best deal, for example RealtyTrac offers a nice forclosure search on their website.

Recently, I've been wondering what's going on with house flipping as it seems many in California are having mixed results. In my research, I've come across people flipping things other than the typical real estate. In a 2008 article from the Wall Street Journal, flipping Yachts is discussed. Now this is not necessarily what you should run out and do right now, but stop and think about what there might be a market for. What has lost a lot of value, and is still something people are looking for. For more, read Yacht Prices Sinking Fast at the Wall Street Journal.

Investors are snapping up the growing number of foreclosed home on the market. With more options to choose from, those who flip and grow rich for a living are finding a gold mine of opportunities. With over 200,000 foreclosures projected for the month of March, the real estate market continues its downward spiral into an abyss for home owners and sellers. Banks are not in the real estate business, and this is a key advantage in this market. Even homeowners who can't pay their mortgage are buying their homes from the bank at a discount. How can you flip and grow rich from a foreclosure? Flipping foreclosures can be easy when buyers often see a 30-50% discount on the price of the home. However, sometimes a little fixing up is in order. For example, many foreclosed homes suffer from incomplete remodels, many have torn apart kitchens, gutted bathrooms, and in some cases are unlivable. For those not afraid to buy, fix, and flip. These homes, can be gems! Don't expect to make money o...

Flipping Real Estate in this current economic slow down, can be a real challenge. So in order to make the most of what you've got, you must turn to some of the web's best information sources. RealtyTrac offers a really nice trend capability on their website, and will show you hot spots in the foreclosure rates by zip code. For example, a search of the San Fransisco area shows about 1,461 foreclosed homes for February 2009. Hotspots can show you areas in which there are a lot of foreclosures, which may help you decide where to target your efforts. Using the data available for free on the internet can be a great advantage to your flipping efforts. Just make sure to do your homework, and research, before spending money that could end up going down the tubes!

Some may be asking themselves, can I really flip and grow rich in this economy? Well it's not an easy question to answer. While there is lots of money to be made in this current climate. There is certainly lots of money to be lost as well. In a recent Wall Street Journal article, mortgage rates are reportedly declining, a prime time to buy property. Money is cheap! However, it would also seem than banks are being more difficult to get money out of, so what's a flipper to do? Even Donald Trump is having difficulty in this market, with his Chicago condos, buyers are not following through on contracts. Remember to do your homework, look at every deal carefully, and ensure contracts are in order. Look for the best deal, for example RealtyTrac offers a nice forclosure search on their website.

As with many publishers lately, eBooks are quite the rage. Where real estate moguls once profited, today it seems knowledge is power. Can you really flip knowledge by selling eBooks by the thousands and get rich overnight? Content What to write about? Think about your skills, what do you know how to do? I could be as simple as changing a light bulb, but ask yourself, would someone who lacks the skill be interested in buying your eBook? Search Google for some ideas here's chances are you'll find eBooks on any subject you can think of. Format PDF's are a great way to distribute eBook content, and can be created for free with apps such as CutePDF writer, or built in PDF printing if you own a Mac. Distribution If you'd like to sell your eBook online, check out Lightning Source which can distribute through Amazon.Com

As we've discussed in the past, flipping doesn't necessarily stop are real estate. Ideas can be flipped, and Guinness has an interesting commercial. Watch for yourselve and see.

As mentioned before, Armando Montelongo offers a 5 page preview of his "Flip and Grow Rich" course on his website. Curious, I filled out the email form, entered my email clicked submit. I received some emails promoting his course along with the ebook link. Now, its been quite some time, and I just recieved another email. At the end of this email I will tell you why this is the last chance for you and I to… WORK TOGETHER! First, think about it, what if you and I worked together… looking for a deal, assessing a property and getting you financing… FOR YOUR FIRST FLIP!!! I would guess we could find you a GREAT DEAL in less than a WEEK! You see, because the market is so ripe for the educated investor, we TOGETHER could find an amazing deal in days. I receive over 15,000 emails per week with people asking me to help them do their first deal. That is why I created my Master Course where you will learn: • How to make up to $10,000 in two weeks • How to flip real estate wi...

YouTube can be a wealth of information, some better than others. Here's an interesting video clip for those new Real Estate Investors, on how to get started flipping houses.

Have a flip ready to sell? Throw a Saint Patrick's day open house! Green food, local entertainment, all can be negotiated for rock bottom pricing. Bring in the local flavor of a neighborhood to help you get top dollar for your flip.

Don't forget to consider Saint Patrick's Day for your Flips, online printers, local bars, parades, are all tools in your flip bag of tricks. When flipping a house, don't forget to promote local holiday celebrations. Having a life is what many people look for in a new neighborhood. Online printers offer special holiday cards, so print up some Saint Patrick's day promotional materials, and start your direct mail campaign.

In an interesting turn of events, a Cornell University junior claimed JuicyCampus.com has tarnished his reputation by allowing a defamatory post about him. Where's the profit? Well JuicyCampus.com hosts Google Adsense ads as do many blog and other websites which attract a large audience. These Adsense ads can generate revenue for the web author, and in this case whoever runs JuiceCampus.com. A quick Google search on "juicycampus" can give you an idea as to the popularity of this site in recent days. So, by creating a scandal, the website author has essentially driven traffic to their site for a very low advertising or marketing cost. While it wouldn't be ethical to setup such a scenario, with the web author directly profiting from the scandal itself, you have to wonder if this is really a student who's been wronged, or a web site cashing in on the aftermath. Either way, its a good example of flipping information in this modern age and turning scandal info profit. ...

Armando and his beautiful wife Veronica Montelongo, stars of the hit TV series Flip This House talk about their online product which helps you learn to Flip and Grow Rich with Real Estate. Related Posts The Truth about Flipping Real Estate Email from Armando Montelongo on his Real Estate Course to Flip and Grow Rich Armondo Montelongo Flip and Grow Rich Book "Flip and Grow Rich" Course by Armondo "Flip this house" Montelongo

Looking to make money in Real Estate, want to Flip Houses and Grow Rich? Be sure to do your research before you leap. Here's an economics presentation at Humboldt State University. Take a look at special guest lecturer Dr. Christopher Thornberg of Beacon Economics as he discusses the housing bubble and its impact on California Real Estate. Real Estate Bubbles and California's Economic Growth, Part 1 Real Estate Bubbles and California's Economic Growth, Part 2 Real Estate Bubbles and California's Economic Growth, Part 3

I truly believe anyone can flip anything. Most recently, the son of Gov. Kathleen Sebelius invented "Don't Drop the Soap," a board game with a prison theme. Twenty three year old John Sebelius created the game as a class project at the Rhode Island School of Design. His mother, U.S. Magistrate Judge Gary Sebelius and his father have been very encouraging as he steps into the world of marketing his product. The game allows you to fight your way through 6 locations in hopes of being granted parole. As described by the products website "Escape prison riots in The Yard, slip glass into a mob boss' lasagna in the Cafeteria, steal painkillers from the nurse's desk in the Infirmary, avoid being cornered by the Aryans in the Shower Room, fight off Latin Kings in Gang War, and try not to smoke your entire stash in The Hole." The press has been all over this story, so free advertising will help boost demand for the product, additionally, John has offered an entici...

In politics, flipping is everything. No, not flipping as in changing sides, but flipping information or ideas, profiting not from their sale, but their acceptance. Willie Horton is again in the news, why? Well, put simply, the holiday political season has begun, and it ain't snow thats raining down. In 1988, Willie Horton was used to dessimate the Michael Dukakis campaign , you can't easily buy that sort of ammunition. What matters is not necessarily the facts, but how you flip the story and sell it to the viewers.

Where are the Best Places to Flip and Grow Rich in America? In part 1 of our new series, we'll look at this question a few different ways and research ideal locations in the U.S. for flipping real estate. We'll examine some basic assumptions, flip scenarios, actual sales in top U.S. cities and perform some paper analysis of the flip potential. In the end, we should have a good list of cities with high potential for the next great flip. A flip can vary by several factors including the person doing the flip, investment potential of the property, and the local market. So before we begin, we need to establish these basic assumptions and criteria. Applying this analysis to your own market or location simply means adjusting the assumptions to match your own. Personal Ability: How Many Houses Can We Flip? First things first, we need to assume some flipping ability. Not superhuman ability, just the average flipper. Let's assume this is a part time job, and we will be flipping a min...