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Savy real estate investors make $5,000 to $10,000 or more by flipping houses. These investors buy a home from a distressed seller and resell it quickly for a profit. Just because a seller has serious problems like a pending foreclosure, medical emergency or divorce doesn’t mean the house is a rehab. Many distressed sellers offer excellent houses in perfect condition discounted for a quick sale.

Distressed sellers are motivated for the chance to get out from under their overwhelming problems with an offer to close in ten days. To purchase a home quickly, you need to be prepared to offer cash or a have secure loan in place with a reliable mortgage lender.

Some real estate investors prefer to buy fixer-uppers from distressed sellers. Distressed fixers tender the best bargains to make the highest return on your money. For instance, if you put 5% down on a $200,000 home, spend $5,000 fixing the house up, and another $3,000 in payments, your cash investment totals $18,000. If you sell the home for a $70,000 profit like many rehabbers, you can see that your return on your investment of $18,000 for two months exceeds most typical investments.

This investment plan assumes that you have the knowledge and skills, time to work on your fixer, and that you sell the house as soon as its finished to a qualified buyer. Home improvement centers help you with how-to classes, brochures, and advice. You need to sacrifice your free time–TV, parties, leisure activities and work on your fixer. You could hire workers, but contractors and laborers may take longer than planned and decrease your profits.

The last part of the equation, selling your house quickly to a qualified buyer means you need to have the sales skills to get the buyers to sign your contract. Many investors seek free help from a loan officer to price the house right and to qualify their buyers. These investors earn their high profits by selling their houses by owner.

The most important issue, how you fix up your house, ensures that you quickly attract a buyer willing to pay top dollar for your transformed property. Investors use cosmetic strategies for decorating and fixing houses then sell their homes, for more than the asking price, three hours after putting the yard sign out.

Whether you want to make money investing in real estate by flipping or fixing houses, you need to understand your market. To get started in your real estate investment business, go house shopping. Look at up to one hundred houses before you make your first offer. You’ll soon learn how to pick up a flip or a fixer and be on your way to making a high return on your money.

Author:
Joe Carr writes about real estate Investing and Flipping.He has many years experience buying and selling houses and other property.