Real estate flipping?
955388
I agree with the first guy.  Some people make a lot of money flipping, but most people do terribly!
1071715
Find a real estate agent and ask them. They can tell you what the market is doing in your area.
72844
That is the auction starting price...  All forclosed homes go to auction, and who knows, you may get lucky.  I bought two houses on forclosure in Los Angeles a few years ago and, miraculously, no one showed up to bid against me.  I got the two properties, which were side by side, in a prime area of Los Angeles, and the upside was about $400,000.\n\nSo step one is to look at home prices in your area and see what a four bedroom/ four bath is going for.  A good place to get a good feel is realtor.com because you can take a look at properties in your area and very easily see what they're going for.  Then look at the property itself, the bank that's selling will be honest so look for things like structural damage and asbestos and factor in the cost of repairs (add it to your purchase price).\n\nNow, when it comes to making a purchasing decision, you need to make an accurate assessment of what you want to be in it for.  If it's a great deal, you could probably buy it, manage it and make money not only when the property goes up in value and by building equity, but also on the month to month cashflow... this is the best way to make money over the long haul (and is how many real estate moguls built the cornerstone of thier billions).  However, managing properties is lots of headaches and requires that you be available 24/7 in case of emergencies.  Now, if managing isn't your thing, if it's a good enough deal, you can always flip it.  Flipping is more risky because you have transactional expenses and there's no guarantee your going to sell, so look at your local market and see if properties are being bought and sold at a steady pace.  The last the you want to do is to hold on to something that's costing you every month, but isn't bringing any money in.  You also don't want to manage the property if manging isn't your thing (of course, you can always turn to a management company, but it'll cost you about 5% of your gross, you'd still pay all the expenses, and you won't be able to manage costs as well, making positive cash flow less likely).\n\nSo look at the numbers and decide what you want.  I'm a buy and hold kind of guy, you might be more inclined to flip.  So, make a million or two.  If you can manage positive cash flow right out the door, closing one a month over the course of a year (even at $20k a pop) will probably make you a millionaire in 5 to 10 years if you leverage your equity.  Good luck.
716153
Am I missing the rest of this question?\n\nWell, either way there is a lot to know about this aspect of real estate.  Are you in foreclosure?  Do you want to invest in a foreclosure?  HMMMMmmmm.\n\nHere's another helpful site:\nforeclosure.com\n\nGood luck Mr. Mystery Foreclosure
71081
This can be really complicated to answer.  Basically, you need to go where the money is.  Certainly you've made your requests clear to your current investors?  Where are their friends?  Amazing how secretive/greedy people can be when it comes to sharing (good) investment advice.  Call every bank, real estate company, mortgage company, investment group, investment company and talk to the right people.  If the returns are as good as you say, you should be able to drum up enough investors.  On the flip side, maybe the people with "money" are concerned about the housing situation; is your area getting overbuilt?  Amazing too how many contractors get myopic.  Part of succeding in business is being able to "see" changing economies and adjusting as required.  This IS a cyclic business.  If the rates don't stabalize here, people will tend to stay put.  Don't get caught with unsold spec's that you're forced to start "discounting"  I don't know where you are, but in our hot, hot market, the wise old builders are being very careful and building mostly pre sold customs.
904598
Yea right and get a full view of what is for sale?your are never given the full view of the market. Yep that is how they have shorted the market and drove up prices, with high returns that started a race of investors and flippers to even further jack up the prices, what do you know now we have a big bubble that is going to break and fast.\n\nThere is not a signal web site that have all the bank rope's, nor is the a web site that has all of what is of sale since there are several MLS and heck till lately there are many that would not even use the MLS they called that my exclusive listings.\n\nThis why why i think it is a good idea to have county ran MLS that are publicly assessable and mandatory for all property transactions. What a Thought to have a housing market with full disclosure that is fare and honest. Check out this web site it tells the full story
111894
Check with your state division of real estate. Most states require one if you buy and sell over a certain number of homes per year. Also in most states "flipping" of properties is illegal.
714419
Hi,\nI am a real estate investor in the Vegas area.  If you give me a call, we can discuss what you might be interested in as there are numerous opportunities out there.\nMy email is ldbrown00@yahoo.com \nPlease email me for the phone number.
436242
I think most of the no money down, subject to, and lease option stuff is crap.  Perhaps after you have gained experience you can get deals no money down.  I lived in a college town also and saw the same thing happening in my town.  Rentals were everywhere.  I got started in real estate as a birddog.  I made $500 finding leads for an investor.  $10/ per lead he didn't have to close for me to be compensated.  There are only so many investment opportunities in one market though, so now after much debate I am becoming a realtor. Then I plan on being a commercial broker and THEN an investor. It is gonna take a while. I really think that you need the money/ experience/ connections/knowledge before getting into such a heavy endeavor with such thick legal implications and even scarier liabilities/consequences. If you don't know what you are doing you can get hauled off to jail for 3rd degree felonies with that no money down garbage.  Besides that most single family homes make next to no cashflow, especially with the way interest rates are going up. HARD WORK HARD WORK HARD WORK!
438851
Sounds like "Flip That House" on the Discovery Home Channel.  I didn't see an episode like that, but the show is about people who buy homes, fix them up, and then hopefully sell them for a profit.
329174
Our bank even offers 100% loans on Investment Properties.\n\nThey are a little more difficult to qualify for, but they are there.\n\nAlso, the interest rates start going up after the 80% mark, so if you are looking for a "cash flow" property, the 100% loans may not work well for you.  It depends on what area you are in and how much you are buying the house for.\n\nIf you are looking to flip the property in a short time, then who cares about the rate.  Just get in, get out and take your profit.\n\nThanks,\nGreg
323723
Hmmm.  The REAL question should be whether to buy (at all) or rent!  (Three years might be too short to cover the costs of the buying and selling transactions.)  I'd guess if you're willing to buy a "fixer-upper" and put some time and money into it, then three years would be okay.  Lots of folks can make good money "flipping" houses like that.  Otherwise, you might be better off just renting.  If it was longer, I'd say go ahead, buy.  If it was any shorter, I'd say definitely rent.  You're really on the cusp with three years....   Good luck.
1033868
I am not sure about houses in PA, but I buy houses in Illinois. Some i keep for rental income and others I flip.  There is money in flipping houses.  For example I am completing a rehab now, paid $25K and put in 26K for total of 51K.  Houses in the area sell for $95k and up.  Minimum net could be $44K.   \n\nThere are many things to consider: location, your credit score, start up costs, how long can you afford to keep it with no income. Once you sell a few, you will have working capital.  Myself, I have rentals, and always have cash flow extra from these units, plus I can tap into the equity on the buildings I own and use to buy and rehab.   There are a lot of books out there on flipping houses. I suggest you do your homework in detail to make sure you can do this.
300931
Small,  depends upon the market were you live.  \nSome areas land is the best deal you can make (if you can find a seller) \nIn crazy markets like FL and CA Flipping is easy and profitable. \nmy sujections is to buy a destressed home, fix it up and rent it out for a little more then the morgage. \nsay your 30 if you buy a house every other year worth say 100,000 \nby the time your 60 you will own 1,500,000.00 of real estate(not including yearly appriastion)\nRead Million dollar real estate invester by gary keller\nGreat book \nand of course if you in NC I can help you out\nRameybl@kw.com Realtor
1115914
Try Alex Cooper. They are auctioneers. Also try Investors United (real estate investing school).  There are plenty of ads in the Baltimore Sun.\nI'm in the same boat.  Let trade notes.  ziplaque@yahoo.com\n\nlater
1047746
Nothing personal BUT I dont agree with the comment to hold a property for a short term. A true investment in Real Estate is one that is held for profit in the long term.\n\nIF you are a speculator or flipper (which sounds like you are not) you might want to becareful. This is not the right market to be doing that.\n\nAll in all SFR are less hassle because you dont have to take care of multiple unit problems and problems between the tenants but of course you have the benefit of better cash flow in Multiunits. So it's really what you are trying to accomplish with your INVESTMENT!.\n\nGood luck
1070480
That isn't going to be easy.  Most places do a credit check.  There are ways with good credit to buy with no money down.  An individual might sell you real estate that way, but it isn't a wise way to do business.