Читать книгу Flipping Houses For Dummies онлайн
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Reselling your rehabbed property
“You make your money when you buy” is a guiding principle in the realm of real estate investing. But you realize your profit only after selling the house. Assuming that you purchase the property at the right price, avoid overspending on repairs and renovations, and flip in a relatively stable market, you should have no trouble selling the house at a profit by pricing it at or near market value. (See ssss1 for details.)
Flipping Legally and Ethically
In September 2001, the US Department of Housing and Urban Development (HUD) released FR (Final Rule)-4615 Prohibition of Property Flipping, which made “flipping” illegal.
So why am I writing a book that promotes this illegal activity? Because I’m writing about legal flipping, not illegal flipping. The word flip has a double meaning, as the following sections reveal.
Flipping illegally
Criminal minds have invented countless ways to milk the real estate industry, and one way is to flip houses. This sinister type of house flipping typically relies on some form of fraud — lying or misrepresenting information. In some cases, the con artists team up with crooked appraisers who artificially inflate home values and then sell overpriced homes to ill-informed buyers.