Flipping Houses

Learn How to Make Money "Fast" By Flipping Houses

No Real Estate License Required For flipping houses. One thing you can do is option bargain real estate and sell your option to a professional house flipper for a profit and walk away with money in your pocket.

A Real Estate License Is About The Worst Thing a Flippers Can Have

There are lots of smart people that flip real estate, but they do not have the time to find quality properties. These investors are more than happy to work with anyone that has control of a property with good pricing and terms.

Flipping real estate is far less difficult for someone without a real estate license, because it's "Not Your Job" to get the seller the best price possible. Your job is to get the best deal you can for yourself.

When you have a real estate license flipping houses becomes a problem because you must disclose to the seller that you are buying their house to Re-Sale for a Profit.

Most sellers do not like to hear that you intend on making $30,000 profit on the property when you sell it. When you are not licensed you are free buy and sell real estate with fewer problems as long as you do not do anything that's illegal in your state.

Full time real estate flippers face the same issues as everyone else. That is finding good real estate to flip at the right price!

If you want to make fast money learn how to buy direct from anxious owner. And flip to rehab contractors for a fast profit.

You can do this using real estate options and never own the property, yet make a quick profit in a day or two.

For that reason alone I always found it more Profitable Flipping houses that could be purchased without using a Realtor or having a real estate license.

My preferred method of flipping houses was to find someone that needed a Quick Cash Infusion and offer to make them a short term loan.

The house had to have enough equity to make the deal interesting. Click Here For more information on House Flipping.

When you do a real estate deals like this you must find the property on your own and have the talent to determine if the value is there. Study the information on Real Estate Values.

Remember the seller is broke so any expenses incurred will belong to you. If you decide to offer the seller a loan, work the loan like a Hard Money Lender, with a maximum loan amount of 65% to 70% of Quick Sale Value.

Sometimes I would pay for an appraisal just to reassure myself that my estimated was correct because it's easy to over pay.

Make sure to use a home inspection checklist.

Back to Basics. For example if the home owner had $50,000 hard equity I would offer to make them a loan for about half that amount. As long as they had equity. Their credit and job was unimportant. What mattered was they had some solid equity.

Most of the time I never required them to make payments on my loan... However they were required to let me work on finding a buyer and have access to the property.

When the smoke cleared and all the costs including the loan pay back and my minimum profit was calculated there was not much left.

I would always give the seller a little of the net profit just to sweeten the deal. Not much but just enough to keep them happy. This way they did not feel like I took advantage of them. We Never Ever had an unhappy customer.

**NOTE** Most title and escrow companies are refusing to close escrows on properties when there is a Double Escrow. Be sure to structure your transaction to fit today’s rules.

When you are not in title and the seller finds out how much she left on the table she may become enraged...and may refuse to sign at closing. Read up on Flipping.

HUD/FHA has rules that require title seasoning. This means that if you are on title, FHA wants to see around 12 months ownership.

HUD/FHA, have adopted policies against financing any property that had changed hands two or more times in less than one year.

For a full detailed description on flipping and how to avoid pitfalls be sure to check this site from time-to-our flipping information. I will be adding some information about Free Options.

If you want to start flipping houses, learn what the market values are in your area and make sure you have your money lined up because flipping is cash intensive business.

FLIPPING HOUSES: Some times real estate transactions get messy when you flip houses. What you can do is learn how the law works so you do not need an attorney. Go to Jurisdictionary and check out the FREE Instructional Videos. Left Side Half Way Down...

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SBI!