When it comes to remodeling, investing in, or “flipping” houses the are a lot of things to take into consideration. For the new guy, this can soon become an overwhlming process and you can easily lose mony of your are now careful/
Here some tips if you are wanting to RemodelFlip Houses (Buy a house fix it up and then Resell it for profit)
If you are into real estate investing then you more than likely have been thinking about the idea of buying and selling houses. I have been doing it for quite some time and here are some tips for you.
1. If you know nothing about construction then I HIGHLY recommend you hire a General Contractor ( GC ). A reputable contractor will meet you onsite and look at the subject property. You should be able to get some estimates of repair. Make sure he/she is licensed and insured. Get a copy of his contractors license. Absolutly DO NOT try to go into it thinking you get everything done yourself in 4 weeks on a budget of $10,000.00
2. When arranging your financing with a lender ask for an interest only loan for 1 year. Your payments will be lower. If for some reason it takes longer than a year to sell the house...
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