Augusta
VIP Contributor
Flipping Houses is a good way of making money when it comes to real estate .As a Flipper you can quickly buy properties with the intention of holding them for a short period. It can be for some months maybeb three to six months. Then you quickly selling them for a profit.
So how can you quickly flip a property.
The first way is by buying, Repairng and updating. As the method implies you just need to buy a property that you think will increase in value with certain repairs and updates. All you need do is to complete the work as quickly as possible and then sell at a price that is more than what you spent on the renovation.
Second method is the hold and resell. This type of flipping works differently. You buy a property and without fixing it up, just hold after few months, you sell it higher than you bought.
Which one would you want to go for?
So how can you quickly flip a property.
The first way is by buying, Repairng and updating. As the method implies you just need to buy a property that you think will increase in value with certain repairs and updates. All you need do is to complete the work as quickly as possible and then sell at a price that is more than what you spent on the renovation.
Second method is the hold and resell. This type of flipping works differently. You buy a property and without fixing it up, just hold after few months, you sell it higher than you bought.
Which one would you want to go for?