A Beginners Guide to Flipping Houses

If you're dreaming of making money in real estate, it's time to stop dreaming and get to work, because making money in real estate isn't just a vague pipedream. It can be done, even by a young and inexperienced person, when you learn how to "flip" houses.

A friend of mine, we'll call her Tai, made a fortune in real estate, beginning at the age of twenty, with no help from anyone else. Here's how she did it:

Tai began by buying a HUD repo, which allowed her to get into the house for no money down. Then she fixed it up and sold it herself. At closing, she had made enough profit to by a second fixer-upper, but this time, she paid all cash. Tai went right to work fixing her second house, and when she sold that one, she collected profit of $44,000, which allowed her to pay cash for her third house!

By now, Tai was comfortable with her formula, and within a short time, she had flipped her third house, realizing enough profit to pay cash for yet another house, as well as being able to buy the custom pickup of her dreams. And all of this had happened in the span of just nine months!

Tai's formula was simple. She located houses that needed only cosmetic work, avoiding those that required structural repairs. She did all the painting herself, inside and out, and updated the home's lighting, plumbing fixtures, and carpeting. Once renovations had been completed, all three houses sold quickly, and at a significant profit.

It's the most tried-and-true way to make a fortune in real estate, so don't listen to anyone who tries to tell you that it can't be done or that you need to have a great deal of start-up money. That's not true. You can buy houses with no money down through various loan programs, and sellers will often help you with the closing costs.

I know what I'm talking about! My husband and I bought our 27th house earlier this year, for no money down, and we expect to make a profit of at least $100,000 for just one month of hard work!

But we take the process a step further, making our houses outshine the competition by also using Design Psychology, although our buyers never know that. All they know is that they feel good when they're in our homes, which makes them want to buy them, even if they're more expensive than the house next door.

There's no other business that can make you as much money, with as little start-up cost, in as short a time, as investing in real estate. In fact, more millionaires made their fortunes in real estate than in any other business. And you can do it, too. You just have to stop dreaming and get started.

(c) Copyright 2004, Jeanette J. Fisher. All rights reserved.

Professor Jeanette Fisher, author of Doghouse to Dollhouse for Dollars, Joy to the Home, and other books teaches Real Estate Investing and Design Psychology. For more articles, tips, reports, newsletters, and sales flyer template, see http://www.doghousetodollhouse fordollars.com/pages/5/index.htm

In The News:


The Massachusetts Daily Collegian

Real Estate finds tranquility, but breaks little new ground on 'In Mind'
The Massachusetts Daily Collegian
Toward the conclusion of “In Mind,” the fourth album from New Jersey's suburban jangle-pop masters Real Estate, Martin Courtney muses “Green river still runs under that same sun/I never saw the source but I know the chorus.” At once both a reference to ...


NewsFactor Network

May I Virtually Help You? Chatbots Move Into the Real Estate Sector
NewsFactor Network
"Chatbots can provide immediate responses and property information to interested buyer and seller inquiries and help tee them up for real estate agents to take over," said David Tal, CEO of Agentology, a San Diego-based tech company that provides lead ...

and more »

Buffalo News

Erie County Real Estate Transactions - The Buffalo News
Buffalo News
Following are real estate transactions over $5000 as listed in records of the Erie County clerk's office for the week ending Feb. 17, 2017. AMHERST • 3…

and more »

Politico

Schumer: 'You cannot run the presidency like you run a real estate deal'
Politico
Senate Minority Leader Chuck Schumer blasted President Donald Trump's deal-making prowess Sunday, saying he'll "get nowhere" on tax reform and health care legislation if he continues to run the presidency like "a real estate deal." During an interview ...

and more »

Sarasota Herald-Tribune

REAL ESTATE PEOPLE
Sarasota Herald-Tribune
Based on an independent survey of recent home buyers, the Five Star Award is presented to fewer than 7 percent of real estate agents and is based on customer service, integrity, market knowledge, communication, negotiation, closing preparation, post ...

and more »

Bloomberg

Real Estate Veteran Macklowe's Next Venture
Bloomberg
Harry Macklowe is one of Manhattan's most storied real estate developers. He's the man whose losses in the crisis forced him to sell the GM Building, only to rise again phoenix-like to build the tallest residential tower in the western hemisphere, 432 ...

and more »

CapitalGazette.com

Realities of Real Estate: A look at how the real estate market is doing
CapitalGazette.com
There are a variety of indices, or metrics if you will, that we follow to measure where we've been, and where we might be going, in the world of real estate. The performance of real estate locally might be different, but for the big picture, here are ...


SEC Case Against Florida Banker Over Real-Estate Loans Goes to Trial in Miami
Wall Street Journal (subscription)
One of the U.S. government's last remaining civil fraud cases related to the housing crisis goes to trial on Monday in Miami, where the Securities and Exchange Commission squares off against a longtime Florida banker accused of misleading investors ...


Charleston-area commercial real estate leases
Charleston Post Courier
Chris Cunniffe of Harbor City Real Estate Advisors represented Bloodgood Sanders LLC in leasing 1,425 square feet of office space at 242 Mathis Ferry Road. The landlord was represented by Shawn Howell of Howell & Associates. Johnny Bevon of Avison ...


The Hill

Dems question potential Kushner real estate deal with Chinese firm
The Hill
Democratic lawmakers are raising conflicts-of-interest questions over a real estate project between a Chinese firm and the family of President Trump's son-in-law and adviser Jared Kushner. Kushner Companies, the real-estate developer owned by Kushner's ...
Trump taps Kushner to lead a SWAT team to fix government with business ideasWashington Post

all 90 news articles »
Google News

French Property - a Buyers Guide to Purchasing Property in France

The CompromisThis document is the document you will sign agreeing... Read More

Real Estate Business

Starting real estate business is not that simple. Multiple aspects... Read More

Where To Start In Looking For A Central Illinois Realtor

Central Illinois is an excellent location for families and businesses.... Read More

What are the Top 11.5 Criteria for Selecting an Orlando Investment Property

1. Make sure units are larger than 1800 square feet.This... Read More

Apres-Ski

European tax haven Andorra enjoys the same fiscal benefits as... Read More

The Irish Property Market - Expensive But Worth It?

Lying on the edge of Europe facing out to the... Read More

Understanding Title Insurance

Title to a property is a record detailing the owners... Read More

Buying a Newly-Built Home? Ten Benefits of Using a Real Estate Professional

It might not seem necessary to involve a real estate... Read More

Helpful Hints for First-Time Home Buyers

Buying a house can be a daunting task, even for... Read More

Maui Realtors: What You Need To Know

Maui is a great place for families of any size.... Read More

Selling Your Home ? What Can Go Wrong With Title and Lenders

If you're selling your home, there are going to be... Read More

Should You Sell Before the Housing Bubble Pops

For the past several years housing prices have risen dramatically.... Read More

Property Investing Secrets 9

Property Investing: Here Are Two Important Tactics You Must Do... Read More

Home Selling: Making It Easy On Yourself!

It's a dream for many to buy and take ownership... Read More

Expenses of Home Ownership

Hopefully all goes smoothly when you purchase your home. In... Read More

Condo-Hotels ? A New Second-Home Alternative to Time Shares

Condo-hotels have evolved as a better, more reliable second home... Read More

Seller Objections To Lease Purchase

A large percentage of the mail we receive are from... Read More

How To Best Negotiate A House Deal

Whether it's selling your home or buying a home, more... Read More

Appraisal vs. Market Value: How to Avoid Pitfalls in the Sale of Your Home

When you sell your home, appraisers use comps (comparable market... Read More

Home Sellers Warning for Young Families

If you're thinking about selling your home and moving up,... Read More

Las Vegas Real Estate - Luxury Properties

Las Vegas is known for it's over the top hotels... Read More

Odors Can Make or Break The Sale of Your Home

It's amazing how important the sense of smell is to... Read More

Various Aspects Of The Lease Purchase Business

In a previous article, we wrote why we believe that... Read More

Real Estate Wealth Protection Through Short Sales

Is a sharp correction in store for the real estate... Read More

Will The Real Home Buying Guide... Please Stand Up?

Use Google right now and do a search on, "Home... Read More