Skip to main content

Where do you find that House to Flip?

Where have the super hot real estate markets gone?

In 2005, Las Vegas, Miami, and Orange County were the place to be dropping some serious cash. Looking at Orange County today for instance, doesn't look so obvious. There are lots of properties for sale, and not a lot of buyers. I'm sure there are deals to be had... is competition making flipping difficult? Florida and Arizona seem to still offer good values for the flip, with median home prices floating around 130k to 170k. Now, the big question... is it worth the effort?

I challenge you to look at the time involved in the flip process. For example, how much time do you spend on purchase, upgrade, and sale of the property? Break it down to an hourly wage, if you have multiple flips, try and divide the time up evenly between your properties. Once you've got your flip down to a simple formula, you can begin to examine how your workflow is structured. Maybe its time to outsource or increase the number of people you work with. Your income will eventually be limited by how much or how little work flows through you. If you've already removed yourself from the equation, then you are on your way to larger profits by scaling your work to meet your financial needs.

Related Links
Orange County Real Estate Finder
MSN Money: The Next Hot Housing Market
Labels:

Popular posts from this blog

New Mexico Game and Fish Report is Some Tasty Bait!

Why pay high advertising for your services or product when you can take advantage of existing waves? Periodically government departments issue game and fish reports which lead to hunting and fishing trips, equipment sales, and let's not forget content for media outlets. The New Mexico Department of Game and Fish has released their weekly report and the Internet is a buzz in game and fish activity. You can see some of the buzz in the news , blogs , and Game and Fish Department's website . Sure you can flip real estate, but there's always risk as discussed in the Real Estate Journal article on Real Estate Flipping . The Real Estate Journal is Wall Street Journal's Property Guide, and offers some excellent information to anyone in the property market. Bottom line is, do your homework ! Enough about real estate, what if you love to fish? Maybe you know everything there is to know about fishing. Maybe your real market is fishing! Flip fishing trips, travel agencies, air...
Read more

Moving Lips Speakerphone keeps your hands free

How do you market a metallic mouth that moves its lips in sync with a speakerphone? "Hands free desk lips" free up your hands and clip to your phone for a hands free conversation. Could this be just what you've been looking for, to make those boring calls more fun and exciting? Now I ask myself, is this a product that has no real market, or is there a niche market out there who have been saying to themselves, I wish my phone had lips? Maybe you should pre-order now?
Read more

10 things to consider when flipping houses.

Here's a list of 10 things to consider when flipping houses: Location: Look for properties in desirable neighborhoods with good schools and amenities nearby. Condition of the property: Consider the condition of the property and the cost of repairs needed to make it livable. Market conditions: Research the local housing market to identify trends and determine the best time to buy and sell. Financing: Look into different financing options, such as hard money loans or private money loans, and make sure you have the funds needed to purchase and renovate the property. Property value: Research the property value and compare it to similar properties in the area to ensure you're getting a good deal. Potential resale value: Consider the potential resale value of the property after renovations and factor that into your investment decisions. Property taxes: Be aware of property taxes and how they may impact your profits. Zoning and permits: Make sure you understand the zoning laws and req...
Read more