Flip and Grow Rich | Can It Really Happen?

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!

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.

Have you checked out YouTube for Real Estate Videos? There are many that can provide some usefull information. Take a look!

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...

Interesting YouTube video on Real Estate News for March 2009

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 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.

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

Bank of America's Consumer Real Estate President Floyd Robinson joined federal officials today, to announce a plan which helps prevent foreclosures for distressed borrowers. Bank of America is one of the largest lenders to support Project Lifeline, which targets borrowers in trouble to help them get back onto solid ground. Expanding beyond Hope Now's original focus, to reach some of the more seriously delinquent mortgage and home equity borrowers. Bank of America Supports Project LifeLine Press Release

I recently heard from a local business law teacher that in California, enrollment in real estate classes has dropped recently. He predicted this may be an indicator of a shortage of real estate agents in California in the next few years. An interesting observation to say the least, while the real estate market seems to be doing pretty poorly, many people stop looking into becoming agents, however this seems like an ideal time to become a real estate investor. After reading Donald Trumps latest "Think Big, and Kick Ass" he repeats somethign he's said in previous books. Some of his best times were when the markets (real estate and stock) were doing very badly. Dumping money into real estate when housing prices are dropping can net you very large returns, as oppsosed to buying in a strong market. It makes total sense, but it can also be very risky. As with gambling, don't risk any money you can't afford to lose.

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...

The LA Times has an interesting article on real estate flipping shows such as "Flip this House". Meg James writes about the euphoria of "flip and grow rich", or getting something for next to nothing. Meg runs through the various shows on television such as "Property Ladder", "Flip that House", "Flip this house", and others. Correlating popularity of the shows with rising house prices, Meg does an excellent job in looking at the big picture. These shows are there to make money. The outcome of the flip highlighted on TV is not as important as attracting viewers. Now, as the real estate market seems to be cooling off, so are the ratings. It might stand to reason that those who once made a decent living flipping property must now pursue other income strategies, such as selling courses and ebooks online. We have certainly talked about them in the past and there are countless websites and forums talking about courses, materials, and relate...

Armando Montelongo offers a 5 page preview of his "Flip and Grow Rich" course on his website. I was curious and filled out the form, entering my email address and clicking submit. In addition to the ebook link, I received a few emails promoting his course. They were sent at different times over the course of 2 days. The first email congratulated me on access the "Flip and Grow Rich" system. Armondo tells a story about promising his wife to share his success with the world. Now, he is fulfilling his promise. Hi (name), Congratulations on accessing my 'Flip and Grow Rich' system! I made a promise to my wife on our trip across America. I told her that if I became successful, that I would share it with the world. Now that I have made my fortune by flipping houses, I am unlocking the vault to my business and sharing my flipping strategies and techniques with you! You can download my ebook as promised by going to =====> (link removed) You may be asking what is ...

How has the current US Real Estate financing market affected your flipping? It seems that pain in the money market is unevenly spread, and hitting some markets pretty hard. Thomas Lawler of Lawler Economic and Housing Consulting has outlined the following issues: Recent drastic tightening is worst in California, Nevada, Florida, Hawaii, Arizona, Rhode Island, and New York. Risky loans are increasingly harder to get and are becoming available only to strong buyers at higher rates. How does this impact flipping? Well the labor day kick off of our autumn home shopping season hasn't been as strong as other years. People buying before the holidays are feeling the crunch as money becomes tight. US Lenders have been cautious with the subprimes, sticking to conforming loans under $417,000 USD. Even then, buyers need good credit and enough savings for either conforming or subprime (which are now few and far between). Jumbos are terrible, as rates are jacked up. Flipping in these conditions...

So what does Appalachian State have to do with Real Estate? Well, I was researching real estate in NC and got sidetracked with the news that Appalachian State beat Michigan 34-32. Talk about short attention span. Needless to say, in my Google searching, I came across Michael Bradford's Real Estate Blog . Funny how when looking for one thing you often find something completely different. Michael has some really good advice for those looking to flip, and has some examples of his recent flipping.