I think it's very lucrative but has lots of risk involved in it. If you buy a house that is bad in construction it may take a lot more money to renovate it and you might not recover it in the sale.
Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
Wow.House flipping is the act of buying a house from auction, developing the house, and finally selling or renting out the house.
This process is what most house investors do. The benefits inherent in a deal like this are very numerous to the Estate Agent. Some of them are as follows:
1. Cheaper houses
Houses sold or put on rent in the process are not as expensive as other process because the investor wants to realize his return as soon as possible, due to that he sells at not to expensive like other houses.
2. Great profit for the investor
Due to the fact that he gets the house mostly at a reduced price at an auction, his profit seem to be always so high.
3. Hedge over inflation
This method of Estate investment has a cushion against inflation because the value of the house keeps on increasing as time goes by .
What's your opinion on this?
One important thing about the strategy of house flipping is that,the developer is always eager to recover his investment,reason he would be too quick to sell the developed property at a very reduced rate compared to other similar structures around.House flipping is the act of buying a house from auction, developing the house, and finally selling or renting out the house.
This process is what most house investors do. The benefits inherent in a deal like this are very numerous to the Estate Agent. Some of them are as follows:
1. Cheaper houses
Houses sold or put on rent in the process are not as expensive as other process because the investor wants to realize his return as soon as possible, due to that he sells at not to expensive like other houses.
2. Great profit for the investor
Due to the fact that he gets the house mostly at a reduced price at an auction, his profit seem to be always so high.
3. Hedge over inflation
This method of Estate investment has a cushion against inflation because the value of the house keeps on increasing as time goes by .
What's your opinion on this?