Flipping Houses Education: Identify the Right Property

Location, Location, Location - holds especially true when investing in a fixtoflip property. Remember you will be spending a great deal of time at this property either refurbishing or selling it. It's recommend determining a certain amount of miles or driving time that is reasonable to travel in order to perform work on a property. The best way to accomplish this is determine a mile radius from your primary residence and plot that out on a map. Any towns falling within the radius will be where you start your search.

Now that you have determined the locations in which you are willing to work, you can start looking for specific properties. You can do you own searches and hope to find a property with certain buzz words. Look for phrases like: Needs TLC, Handyman Special, HUD Home, Fixer Upper. These are just a few terms, but you will begin to understand specific terms that are used in your area.

But really the best way to find these properties is to use the FixtoFlip.com website; this is after all our specialty. Where most real estate search engines give you every property in a geographic area our search tools are honed in on fiixtoflip real estate within a given geographic area. Once you have discovered a property of interest you will work directly with the realtor to make an acceptable offer.

Don't Bite Off More Than You Can Chew

When working with realtors, make sure they understand your abilities and the type of property you are willing to take on. If you are a newbie, which by the way, we all were at one time! I would suggest taking on a cosmetic fixtoflip property first. This is a property that only needs basic things done. This can include: Costmetic Fixes, Painting, Trim, Flooring, Carpeting and Landscaping

This type of property will allow you to cut your teeth without overwhelming you. Obviously, this type of property will not yield as large of return as one that requires more work, but this should offer the initial capital to take on larger projects.

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For more information about FixtoFlip.com call us at: 954.889.7092 or by email at: info@fixtoflip.com!