If you been in the real estate investing business, or more specifically been flipping real estate, for more than a few days, youve inevitably gotten an email that reads something like this:
Investors Dream. This property will go QUICK.
– Property Address: 1234 Main Street
– Asking Price: $100,000 (Add or subtract zeros!)
– After Repair Value: $150,000
– Repairs: $15,000
– Profit: $35,000
– Details: Needs paint, carpet, tile, new kitchen, update bathroom, some roof damage.
– Tenant occupied. Need to evict!
STOP! Before you read on Take a guess at what you think the real profits going to be on this real estate investment
If you havent ever gotten an email or fax broadcast like this, then rest assured, you will! Im about to probably tick off all of the late night infomercials and pitchmen out there! Sure, I understand that when youve got 30 minutes (or 90 minutes, for that matter), that youve to sell whats sexy not whats real!
Now its my turn to expose the real deal on real estate investing! This goes for flipping real estate itself (i.e. properties) or simply flipping...
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