Buying a Flip House
Once you’ve researched the market, making a purchase is the most exhilarating
part of the home flipping process, other than selling your flip. Yet before you
experience the rush of buying a flip house, there are a number of purchasing
options at your fingertips that could vary your profit margin.
In this next section, we’ll shed light on the importance of making the right
investment property buy, review three
dominant purchasing scenarios:
pre-construction, realtor-driven and
for sale by owner and discuss the
importance of a home or apartment
Many real estate experts always quote that the money is made in ‘the buy’ in any
real estate deal. The main reason being if you can get the property for a good enough
price, then if required, you’d likely be able to sell it for a profit in the
In addition to the philosophy that the buy is central to real estate prowess,
there are a number of buying scenarios that one could take. Although
buying a place pre-construction, with a realtor or from an owner are all very
different home-buying methods, each has its pros and cons.
Finally, before any deal closes, getting a home inspection is a great way to
have an unbiased professional review the property and provide a ‘report card’
on any ‘buyer beware’ items or small issues.
Buying a flip at the right price, in the right way and with the right safeguards
in place is an excellent way to approach any house-flipping adventure in real