Flipping a property: if that sounds like something you’re interested in, well, you’re in the right place! Making a profit off of real estate investments is by no stretch an easy matter, but there is always money to be made off of old properties that need to be fixed up. Really, by connecting the right people to the right homes that were previously unused, you’re doing them a service. What good is a home if no one is occupying it? Some might see a rough property as an eyesore, but to our real estate flipping experts, we see it as an ideal opportunity.
Wondering How To Flip A House? We Can Help!
As the experts in providing private funding for real estate ventures, Private Funding Consultants can help you through every step of the house flipping process. From market research and analysis to private money lending to marketing your listing, we’re not happy until your real estate flipping experience has proven successful — period.
In part one of our brief real estate market analysis series, our private money lenders touched on some of the high-level basics that go into quality real estate market research. We’re going to continue identifying some of these important points that you should consider as a real estate investor; if you’re looking for additional house flipping insight, our book will be of interest to you! Sign up to get your free preview copy of the 7 Deadly Sins Of Reals Estate Investing today.
As always, feel free to contact the team at Private Funding Consultants if you have any questions.
Finding A Reliable Data Source
Remember that you’ll be using the internet for most, if not all, of your information as it pertains to your market research. Just about anyone can go online and say anything, so do make sure that you’re referencing a credible source. Fairly reputable listing sites and real estate aggregates include:
You’ll find more sites out there, but those should give you a starting point.
What Type Of Information Am I Looking For?
Of course, this is nearly as important as finding a good data source. At the very least, you’ll want to take into account factors like property prices and sale prices, the status of a property (sold, pending, for sale, etc.), characteristics of a property (number of bedrooms and bathrooms, the age of the home, the square footage, number of floors, unique qualities, and so forth) as well as the walk-score and any renovations that went into the home.
Comparing Similar Properties And Making A Decision
Obviously, we’ve boiled down a myriad of information into a simple blog post, but you’ll eventually want to compare like properties in the area once you’ve expressed interest in a particular house. Comparing will help you better identify historical market trends, where things currently stand, and what future projections may look like.
Real Estate Flipping Made Easy With Private Funding Consultants
We’re not exactly “house flipping for dummies,” but we do make it easy and convenient for real estate investors to find success in their market. Contact our house flipping lenders today to get started!