Flipping Houses – The Secrets to Making Money

Every day there are more and more news reports telling us how bad the real estate market is and how there are going to be more foreclosures this year.   If you are a normal person working in the 9 to 5 world these reports may scare you.  But if you are a real estate investor who is flipping houses in the current economy these reports excite you.    

More millionaires have been made in bad real estate economies than any other time in history.  The reason is because the super wealthy know that the best way to financial freedom is real estate investing, they know the secrets to making money.    Normal people become scared with all of the bad new and become more and more motivated to sell.  

You may be wondering what the secret to flipping houses in the current economy is?  There is not really one specific secret to making money in real estate investing but the main key is knowledge combined with action.   If you know how to flip houses and then use that knowledge you cannot fail.  

Right now there are hundreds of Gurus, coaches and real estate experts teaching beginning investors how to make money flipping houses.  They are giving away all of their secrets and making people wealthy every day.    

The best way to get started and learn the real estate flipping secrets is to learn how to wholesale real estate.  Wholesaling is a method that uses very little cash and can create quick profits.  

Wholesaling real estate involves finding cheap property, putting that property under contract and then assigning your rights to buy that house to another investor for a fee.   Its sounds pretty simple right?  That’s because it is simple, and there are investors making over one hundred thousand a month, yes a month doing this.   

Right now with the current state of the economy there is an endless supply of motivated sellers out there and also an endless amount of investors looking for houses to fix up and flip or to rent out.   Just look in the Classifieds and you will find tons of Great Fixer upper deals.  

Finding these investors is very easy if you know where to look.  Search Google real estate investing in your area to find hundreds of real estate investor web sites.  Also check your local real estate investors association for more information on real estate investing in your area.  

What most people do not know is that real estate investing is not rocket science and you can learn how to make massive amounts of cash in less than 30 days.    The key is finding a course or coach that you like.   There is also thousands of free eBooks and mini courses on the internet right now.   Go to any real estate investing blog or web site and you can find one.  

Right now is the best time in history to invest in real estate.  Get out there and make it happen, learn, and grow.  

Click Here to Start Flipping Houses 

Real Estate Investing – How to Flip Houses for Quick Cash

Have you seen the show flip this house? What they do is buy and property for pennies on the dollar, fix the property up and then resell the house and make 20 thousand or more.   This is a great strategy if you have the money and don’t mind waiting around 3 months to get your property sold.   I want to talk to you today about a strategy where you can make five thousand or more in less than 30 days and more importantly with less than 8 hours of work.  

So what is the magical strategy?  If you guessed wholesaling real estate than you are correct.  Wholesaling houses is the best house flipping method around and the quickest method to produce cash in real estate investing.    The best part is that you can do this with little or no money of your own. 

So how do you wholesale or flip houses for quick cash?  

1)      Find a cheap house

With the current state of the economy and real estate market this is no shortage of motivated sellers out there.  A seller can be motivated because of financial troubles, foreclosure, bad tenants, inherited an unwanted property, divorce and so on. 

What I do is send all of these people a letter telling them how I can possibly help them.  You can also find endless leads online with a nice fully optimized web site.   

2)      Negotiate and sign a contract

Because motivated sellers just want to sell fast and put their problems behind then, you really have lots of room to negotiate if there is equity in a deal.  

Once you have negotiated a price, ran some numbers to make sure the property is a good deal you can put the property under contract.   Contracts are very simple to fill out but can be confusing at first.  Ask a local realtor to show you how to fill one out.  

3)      Find you Investor Buyer

When dealing with investors you want to work with cash buyers.  Cash buyers are investors who can close on a wholesale deal with cash, and not have to go to the bank and get a loan.  Closing on real estate with all cash makes the process run a lot smoother and goes quickly.

Where do you find cash buyers?  Check your local real estate investors association, foreclosure auctions and networking events.    

Believe me there and more cash buyers out there than you think, you just need to find them.

4)      Assign you Contract

Once you have found a cash buyer you will want to assign your contract to this buyer.  All you need to do is have an assignment form, fill out the form, put in your wholesale fee, and then sign it.  

An assignment of contract simply assigns your right to buy the property to someone else and then you are not liable for the property.  

5)      Start your title work

Some people say that you should start the title work right when you put the house under contract but I like to have a buyer first, that way to can take the contract, assignment and everything to the title company together.   And because you will not always find a buyer for every deal you will sometimes have to cancel your contract.  If you have started title work you may have to pay for what they have done. 

The title company will do everything that needs to be done from this point on, they will set up the closing and make sure the funds are in place.   

6)      Collect your Check

All you do now is sit back and wait for your check.  Wholesaling real estate is not as hard as you thought.   Sometimes you will want to check in with your buyer and seller to make sure everyone is happy. 

What else should you know about flipping houses? 

Flipping houses is not as hard as you would think; all it takes is a little bit of time to educate yourself and to market your business.   Right now wholesaling real estate is the best house flipping strategy to use.  

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