Читать книгу Flipping Houses For Dummies онлайн

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Flipping contracts (sometimes called wholesaling) consists of locating a distressed property, contracting with the homeowner to buy the property, and then selling the contract to an investor who wants to flip the property. In essence, you earn a finder’s fee by serving as an investor’s bird dog, and you don’t even have to lift a hammer.

Here’s how it works: You pay the homeowner a deposit, typically $1,000 or 5 percent to 10 percent of the estimated purchase price. In return, you receive a purchase contract giving you the right to sell the property to an investor. You then find an investor who’s willing to purchase the property and pay you a fee in excess of the amount you have tied up in the property.

Successful investors, whether they invest in real estate or stocks, devise unique strategies based on their personalities, their abilities, and the resources they have at their disposal. If you like to help people and you’re good at dealing with uncomfortable situations, for example, you may want to focus on foreclosures or divorces. If you’re good at primping a house but not so good at rehabbing, consider focusing on homes that require only a little makeup.