Real Estate Investing 201
Digging a little deeper into Flipping
In Real Estate Investing 101, Part I, we covered buying a house to resell for a short term profit. In this lesson, we’re going to delve a little deeper into flipping, run a scenario, and examine ways to maximize profit, while minimizing risk and making it happen fast.
How many times do we have to hear that the housing market is doing one thing… and that must mean that the whole market is doing the same thing?
When the price of a barrel of oil goes up, it is a singular commodity moving. While there are different grades of oil (sweet light crude, heavy crude, rough crude, etc.) they are interconnected. If one moves, they all move because their value is interconnected.
When prices move up or down in GA, there is little correlation to prices in Maine. They aren’t interconnected. There may be a few instances when they can be driven by the same forces (the Sub-Prime Meltdown.. SPM, is an example). If there is MASS unemployment nationwide, that would affect multiple markets, but
I have been reading a bit about green construction, and green living, and green (yada, yada, yada fading away…)
Let’s see.
First, let me say that I work for a brokerage that does NOT allow dual agency, but does allow designated agency. Dual agency is when an agent have contracts for representation with both the buyer and seller. In other words, the agent is bound by fiduciary responsibility to represent the needs of both the buyer and seller above all other.
Second, let me say
I’ve seen several shops with that very “slogan.” But, what does it mean?
Nothing.
It doesn’t mean a thing. Aside from cars and trucks made in Asia, Europe and America, what are there?