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Category: business building

Flipping Foreclosures – The Best Gameplan

When setting out in the business of flipping foreclosures, real estate investors can pursue different strategies to maximize profits.

But how can you determine upfront which one will work best?

Among the different strategies are:

- Buying houses that need a lot of fix up work for bottom dollar, add value by fixing and resell
- Buying houses in good condition that need little work and sell either as is or after a few improvements have been made
- Buying high-end homes that have a high dollar amount of profit potential
- Buying low-end homes that have limited risk exposure

And many more…

All these strategies have a different mix of appeal, risk, competition, need for capital. I read recently on Investor’s Business Daily that the strategy to sell high is a great one, and to be able to do that the house should be nice, and in good condition when you buy it.

A quote from that article states that “Nice foreclosed properties are harder to find. The number available to foreclosed-property investors has slid 25% to 50% in the past six to eight weeks, he estimates. And competition among flippers has heated as large companies have gotten into the market to become landlords.”

This is the case in Riverside County, one of the most depressed areas in the country, second only to some counties in Florida.

Profits are waiting in each of these niches. Don’t hold yourself back thinking this or that strategy is the only one or even the best one. Choose the ne that’s most appealing to you, do some research and start moving.

What is your favorite foreclosure flipping strategy? Leave your comment below.

 


Sticking Point Solution – Review

“Nine ways to move your business from stagnation to stunning growth in tough economic times.”

I’ve found that business building is a crucial skill when you’re looking at “real estate investing”. Unless you want to “invest in real estate” the old fashioned way – buy a rental property with a down payment and your own conventional financing – you will have to learn to master business skills and building systems that are critical and characteristic of businesses as opposed to individuals.

Jay Abraham is renowned for his marketing and creative business building and joint venture skills. He has created literally billions of Dollars in revenue for businesses large and small, by uncovering ways to utilize untapped resources, making small changes to the positioning or increasing conversion of leads to customers.

Jay’s latest book, “The Sticking Point Solution“, focuses on “9 Ways to Move Your Business From Stagnation to Stunning Growth in Tough Economic Times”. And what business could use this focus more than a real estate business right now?

Real Estate Sticking Points

Sticking points in your real estate business could be the difficulties in getting financing, either for yourself or for your end buyer. It could be that you have a lot of leads coming in, but don’t have ways to turn them into deals because they don’t have equity.

The solution to most problems that your real estate business could be faced with is not necessarily in learning different tactics, but in changing the strategy for your business. In redefining your service goals, or in changing the way you look at the benefits you provide to your clients.

These are business growth strategies that you will for the most not learn from another course on how to wholesale or how to structure a specific deal in real estate, but you can learn them here from Jay Abraham.

  • Get your existing (or start-up) business going and growing rapidly
  • Don’t just survive; learn how to thrive in business during a recession

I recommend that you pre-order The Sticking Point Solution at a discount today. And through my relationship with Jay Abraham, I want to give you a special benefit – FREE access to Jay’s special bonusses, including his six-week live “Reading Room” series…