Articles Posted in House Flipping

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Author: Katie Conroy is the creator of Advice Mine. She enjoys writing about lifestyle topics and sharing advice she has learned through experience, education and research.

Investing in real estate is a great opportunity to begin your investment portfolio or add to your existing one. But if you don’t know what you’re doing, you can end up getting into a serious financial mess. For example, buying a property on a whim or without having the necessary information can result in much more money and work than you bargained for, at which point it’s more of a burden than an opportunity.

That’s why it’s important to learn as much as you can about real estate investment and to have a basic understanding of what it’s like to manage a property. If you’re considering purchasing your first rental property, consider these tips before you make any big decisions.

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Author: Suzie Wilson

Suzie Wilson is an interior designer with more than 20 years experience. What started as a hobby (and often, a favor to friends) turned into a passion for creating soothing spaces in homes of every size and style. While her goal always includes making homes look beautiful, her true focus is on fashioning them into serene, stress-free environments that inspire tranquility in all who enter. Ms. Wilson’s mission with Happierhome.net is to offer you insight into how to turn your home into a sanctuary that you’ll not only be happy to come home to, but will actually make you feel better when you’re there.

It’s no secret that, statistically, more homes are sold in the spring and summer months than other times of the year, but that doesn’t mean you should shy away from putting your home on the market in the fall and winter. In fact, you might be able to sell your home even quicker in the colder months. When the weather is warm, the market is saturated with homes and it can take serious effort to make your home stand out. With less competition, you may be able to get more eyes on your property.

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Author: Seth Murphy

Seth Murphy first got into doing DIY projects to save money, but over time he has developed a real passion for this hands-on, intensive work. He created papadiy.com to share his ongoing projects and to motivate himself to do more.

As a new home buyer, purchasing a fixer-upper may seem like a lot of work, but it definitely has its advantages. For starters, a house that needs some love generally has a much lower price tag. Imagine how much you can save by buying a place that’s not turnkey! Secondly, fixer-uppers are an opportunity to create your dream home. (Yes, it may take a little bit of elbow grease, but rest assured, it can be worth it in the end.).

Author: Staff

House flipping,” which is the process of purchasing a residential property, making improvements to it, and selling it, has been particularly popular in recent years among real estate investors in California and around the country. It often involves purchasing distressed properties, such as those that are already in, or at imminent risk of, foreclosure. Investors can therefore purchase a property well below its market value, and with a bit of work—new coats of paint, new appliances, and such—sell it for a considerably greater amount. House flipping can be subject to legal restrictions, however, including local land use ordinances and lending regulations. The Federal Housing Administration (FHA), among other functions, insures many home mortgage loans. It also sets restrictions on residential properties when its mortgages are involved. These restrictions can affect house flippers who intend to sell to a buyer who needs an FHA-insured loan.

What Is the FHA?

Author: Staff

House flipping, which involves purchasing a residential property and refurbishing it for resale, has been a popular activity in the U.S. for some time. Numerous television programs depict various aspects of the house flipping process, often focusing on repairs and improvements to distressed properties. Real estate investors in San Diego and other parts of California may find house flipping to be a lucrative investment activity, but it requires careful research and planning. On top of that, successful house flipping requires commitment to the process—it is very often much more of an “active” investment than a “passive” one. Prospective house flippers in California need to be aware of the legal risks and pitfalls they could face.

Business Issues

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Author: Seth Murphy

Seth Murphy first got into doing DIY projects to save money, but over time he has developed a real passion for this hands-on, intensive work. He created papadiy.com to share his ongoing projects and to motivate himself to do more.

Do open houses still work? You’d be forgiven for thinking they were a thing of the past—an outdated, analog player in today’s digital game. But the trick is to combine the old with the new by holding an open house immediately after the home is listed for sale online.  According to CNBC, sellers that used this strategy got higher prices and quicker sales than those who didn’t. However, this means you need to get your house in order before listing day. Here’s what you need to do.

Step 1: Review, Analyze, and Plan

If any parts of your house—interior or exterior—are damaged, worn, or outdated, you can expect offers below your asking price. Walk around your house and make a list of everything that could be improved. If anything is broken (e.g., a leaking roof, garage door that won’t open, cracked tiles, blocked gutters), put these on top of the list. According to HGTV, remodels of the bathroom and kitchen are the best investments in terms of increasing your home value and getting you a quicker sale. Once you’ve made your list, choose which improvements you want to make based on the time you have and the money you’re willing to invest.

Step 2: Repair, Replace, and Remodel

Remodelling can bring your home up to date and make it more valuable to buyers, but make sure you leave enough time for any extensive remodels. The biggest job will probably be the kitchen. A remodel here takes four to six weeks or more depending on the size of the room and the extent of the changes. The bathroom comes in a close second at around four and a half weeks. If you have more than one big remodel planned, you may want to complete them one at a time. This will minimize the disruption to your life while the work is being done, but of course, it will take longer to finish the projects.

Step 3: Stage, Update, and Redecorate

Once the major remodeling work is done, you can move on to staging. Go through each room one by one and replace tired or outdated furniture, blinds, curtains, and carpets. A good trick to make your home more in-line with current interior design trends is to replace your lighting fixtures because these are some of the first things in the house to start looking dated. If necessary, give each room a fresh coat of paint or put new wallpaper up. Make sure to go for neutral pastel colors that have a more universal appeal. If you haven’t had a professional landscaper in, cut the lawn, weed, and trim any overgrown hedges, particularly at the front of the house to increase your curb appeal.

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Author: Staff

Successfully investing in real estate—with “success” covering a wide range of outcomes that generally all involve financial returns—requires careful research and planning. The old adage that the three most important considerations in real estate are “location, location, location” certainly holds true for San Diego real estate investing. Familiarity with the area in which one intends to invest is essential, along with knowledge of current market conditions and trends in both the area and the broader region. As of late 2017, the San Diego residential real estate market appears to offer many potential opportunities for investors, but as with any venture, it also presents risks. A few factors for prospective investors to consider are how the area compares to similar locations in other cities, property values and prices, trends in new construction, and the potential for rental income.

A “Hot” Real Estate Market

Author: Staff

House flipping has been a popular form of real estate investment for several years, even inspiring several television programs. Unlike many types of real estate investments, house flipping is a very “hands on” process, often requiring a significant investment of time in addition to money. This includes not only repairs and remodeling, but also extensive research into the neighborhood and surrounding area. Once a prospective house flipper has done their homework, it can be a lucrative type of investment. San Diego real estate investors should consider both the potential risks and the possible rewards of house flipping.

What Is House Flipping?

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