The flipper’s paradise has returned and is in full effect around the Twin Cities metro area. It appears that it is 2002-2006 all over again when it comes to “turn and burn” real estate for property flippers. Not only are the lower-end properties hard to grab, most buyers area finding themselves competing with wannabe seasoned real estate investors on cash deals looking for quick profits.
Quick basics of a flip is to buy low and sell high to maximize profit without putting in a lot of capital in out of pocket. Let’s all admit that all of us have at least glanced at one of the episodes on television about people making six figures in one deal.
A lot of distressed properties that are rehabbed don’t actually make the final grade in what a buyer is looking for. Most seem fake.
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Quick basics of a flip is to buy low and sell high to maximize profit without putting in a lot of capital in out of pocket. Let’s all admit that all of us have at least glanced at one of the episodes on television about people making six figures in one deal.
A lot of distressed properties that are rehabbed don’t actually make the final grade in what a buyer is looking for. Most seem fake.
Leave a Comment
Discuss
Tell a friend
Bury
Print Preview
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