Real Estate Syracuse NY Investment: Flipping Houses

Published on: 07 January 2019 Last Updated on: 24 February 2020
Flipping Houses

The real estate business is undoubtedly a booming sector. Whether you’re buying properties as an investment or selling properties for profit, you can definitely earn some real big buck in the business. There’s another way of earning in real estate, though, and that is flipping houses.

What Is Flipping Houses?

This is a practice in the real estate industry wherein one buys a property at a low price and sells it at a high price, so profit is gained.

Those who are seasoned in the business say that gaining large profit in flipping houses does not happen overnight and in one transaction. The flipping business is a number’s game; the more houses you flip, the more profit you get.

Two Kinds of Flipping:

  • Fix and flip:

    This is the common flipping that people know of. This requires a good sum of capital as you buy a house and then do some fixes before you sell it at a higher price.

    After fixing the house, if you’re not a broker yourself, you’ll then hire a professional broker like those from CNY Realtor to make sure that you get the best value out of your flipping investment.


  • Nontraditional flipping or flipping of contracts:

Even if you don’t have the funds or a good credit score to borrow a large sum of money, you can still engage in flipping.

There are two important persons that you need to have though:

  • A cash buyer who will purchase your property right away for a fast returnWhere to find your cash buyers?
    • You can check your connections if you’ve got some rich friends who are willing to invest.
    • You can employ online marketing strategies to attract cash buyers.
    • You can check your local registry as to who made cash purchases for the past 30–90 days and then contact them one by one regarding your property on sale.
  • A motivated seller who is willing to sell his or her property at a low priceClues to look out for in finding a motivated seller:
    • In checking online, look out for keywords on postings such as “urgent sale,” “below market value,” or “for urgent disposal.”
    • Check properties under some type of lien, for instance, tax lien.
    • Take some time to drive through a specific neighborhood, and look out for a messy front yard and empty houses.

Whichever of the two you’ll be doing, you must carefully execute these three to make money in flipping houses:

  • Choose the hottest locations:

    Don’t limit yourself in your area. Check for locations where buyers are currently flocking in buying properties. For flipping purposes, it’s not advisable to go with highly urbanized locations if you’re still starting as it will cost you a fortune.

    Consider these viable locations when flipping:

    • Counties with recent developments
    • Beach areas with scenic potential
    • Small cities near highly commercialized ones
  • Know the average price of the property:

    We’re not only talking here of the price you’ll be paying for the property but how much the cash buyer is willing to pay for it. You need to know the right price for yourself and the buyer, so your property gets sold and you’ll earn.

    Follow these to check the average price on various markets:

    • Get the cash transactions in the past 30 days in the area where you’re eyeing to buy a property.
    • Check out some websites that can help you determine the retail prices.
    • Compare the retail prices provided and identify the average gap.

The average gap is the amount you’ll use to know how much you’ll mark upon the property as it’s around that estimated price other buyers have purchased their properties on.

  • Pick the right property:

    Once you have already picked your location and you already know how to calculate the price gap, this is the crucial part. Choosing the right property can make or break your flipping.

    How to look for properties in your chosen location?

    • Browse the MLS.
    • Check listing websites.
    • Talk to people in the area.
    • Check out houses that may be repossessed.

Earning in real estate flipping does not only involve a startup capital. It needs a proper strategy and critical thinking; money alone can take you nowhere. Grow your connections, do your homework, and exert extra effort in finding the right property to flip – the right mix of these can help your success in the flipping business.

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I enjoy writing and I write quality guest posts on topics of my interest and passion. I have been doing this since my college days. My special interests are in health, fitness, food and following the latest trends in these areas. I am an editor at Content Rally.

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Real Estate Issues

How Do Law Firms Help Companies with Their Real Estate Issues?

Whether it is a company headquarters, factory space, or retail outlet, business premises continue to be a crucial factor in the mix that goes into making a successful venture. What comes along with taking on business premises, however, are a huge amount of legal challenges. So, with that in mind, here we take a look at how law firms can help companies with their real estate issues. Finding and Securing Real Estate for Your Business:  Finding the perfect business premises, no matter what its intended purpose, can be tricky, but get it right and it can give your company a real commercial edge. A shop, for example, is located in just the right spot to attract large numbers of suitable customers. Or a company HQ situated in a vibrant commercial zone where the support you need is right on your doorstep and where transport links are conveniently close by.  To pinpoint the perfect premises, it makes a lot of sense to seek the advice of expert legal and real estate firms like DWF. Specialists in the field are invaluable as they can draw upon a wide range of resources to help you achieve your goals and once they have helped you find the perfect premises; they can go on to deal with the legal intricacies of securing the sale or lease. You will be able to address other important matters as the law firm takes care of these logistics.  But that is not where the story ends when it comes to how law firms can help companies with their real estate issues. Developing Business Real Estate:  If your company finds itself in a position where they need to develop a piece of real estate, law firms, again, can provide support. Overseeing the plans for development and gaining the required permissions are among the ways in which that support can be given. Should the business need partners or finance to help them develop the real estate, here too an experienced law practice can support. You will be sure that the whole process complies with the requirement of the authorities and you will not be facing any legal battles as a result of the violation.  Resolving Disputes: Unfortunately, it is quite common for businesses to find themselves in some kind of dispute over real estate. As a business owner, you may not have the right expertise to handle some of the disputes that arise. For landlords, this may mean evictions, whilst for other businesses, it could be issues surrounding tenancy agreements or similar contracts. Here, law firms can act as mediators and help find quick, easy solutions that will save all concerned time, effort, and of course money. If things can’t be solved via this route, then the law firm can hit the ground running if it should come to more formal proceedings. The firm will make sure that your rights are preserved as you resolve the disputes. There are many areas of business where law firms can help businesses and real estate is one area where companies do not want to be underrepresented. The Final Word Issues like real estate can spiral out of control in a very short span of time. It is also a very expensive area of litigation, which can result in huge payouts and fines. If you do not have the best law firm in Dubai on your side, you might incur heavy losses. Real estate laws also keep changing from country to country. If you are an outside business who has a base in some other foreign country, it is best to let legal experts take over your case. Read Also: DC Metro Area Real Estate Update How Real Estate Factors Into Business Decisions 6 Things You Must Know Before Selling Your Home

Buying your first home

Buying Your First Home In St. Louis

Buying your first home has some similarity to buying your first car. Look, it doesn’t matter how good your intentions are. If you’ve never owned a home before, you’re likely to tear it up a little bit during your first ownership. Consider the disposal. Did you know that putting fat down there is a great way to clog the pipes? But what if you like bacon? Oh, here’s a solution! Just pour the liquid grease down the disposal and flush it out with hot water! That’ll get it through your pipes, right? Wrong. It’ll gradually accumulate in your pipes over time until your sink is terribly clogged. You may not even be able to get such a clog fixed yourself, and it could start leaking out elsewhere, forcing you to call a plumber. You’re likely going to have leaks in even the most sturdily built, expensive properties. Sometimes you may neglect to take care of the yard work as needed.  And what if there’s a freeze and you haven’t flushed the sprinklers? Then there are natural disasters which occur over time. Did you know sometimes pipes buried underground can burst for no real reason? Well, there’s a reason—maybe it got cold; maybe the pipes were old. The point is, there’s nothing you could have done to prevent it. When this happens, you might get a flooded basement. Catching it in time could be key. There are electrical issues, interior and exterior maintenance issues, security issues—the list goes on. So when you’re buying your first house, you need not look at it as your perpetually permanent residence. Take care of it as it will be, but for that first home outing, you might want to buy similarly to how you purchased your first car. Of Cars and House You didn’t get the nicest car or the most ideal one; you got one you could handle, and that you could sell when your time was through. Well, ideally. Many youngsters tear up that first car so bad it’s good for nothing afterwards—and you definitely don’t want to do that to your first home! Your first house can be an exceptional asset. If you find the right realtor, you may even make money over time as you fix up the inside and upgrade certain features of the property. Adding a wall or knocking one out can add thousands of dollars to a home’s value; as can refurbishing a kitchen, or turning an attic into a room. When it comes to St. Louis homes and first time home buyers, it’s important to source a realtor who has at least a decade’s experience in the market, like Irene Hasegawa of, a realtor who: “…has been in real estate development and renovation since 1998.” The locality of this realtor is also a key element of your home choice. A native who is in the business of realty understands many neighbourhoods and those most conducive for a given house hunter. Sometimes you’re hunting for a family home, sometimes you’re hunting for a bachelor pad or a Summer getaway cottage. Find the right local realtor, you can get an ideal property in the neighbourhood you want, and at appreciable rates. Whether you’re buying for the first time, or looking to get into the realty game, there are definitely options in St. Louis right now. As a matter of fact, home values have gone up 10% recently, and they look to be expanding even further. Get a good local realtor, and you can get a real bargain.  

Used Shipping Container

Mistakes To Avoid When Buying A Used Shipping Container

Buying used shipping container is one of the easier things that you can do if you are trying to change the way that you are managing your facility or storage.  You can buy these things right now, and they will turn into something that allows you to manage your space in a much more efficient way.  You could buy one of these because you want to start a container farm, or you might buy a big set of them so that you can buy a fleet of them.  You need to avoid these mistakes so that you are not spending too much money. 1. Buying Something Dirty: Shipping containers California could be extremely dirty because they have been beat up for a very long time.  This is something that a lot of people think that they can fix on their own.  This is not the case, but people will think that they can fix the problem.  If these containers are very dirty, they might be so dirty that you cannot see the damage.  You also need to ask the company what the container did in the past. 2. What Was The Container For? You need to know what the container was used for in the past because these containers do a lot of things that you might not be happy with.  You also have to be sure that you have had a look at what you can do to make sure that you can get the container to work for you.  When the container was wet all the time or carried hazardous materials, you might not want to buy it. 3. Does It Have A Wheel Rig? The wheeling rig on these containers could be very helpful to you, and you will find that the wheel rig can completely change the way that you use the container.  You can carry that container anywhere that you want, and you also have to make sure that you have thought about what you might need to do to get it set up with wheels again.  Some of the containers already have wheels that can be removed easily. The application of the Used Shipping container can help you to maintain the wheel rig. 4. The Size: Do not get something that is too short, and try to find the ones that are the longest.  You could easily get something that is the right size, and you will start to feel like you cannot find the right thing if you are trying to find something in a specific size.  Do not limit yourself.  It makes much more sense for you to change around the expectations that you have.  When you do this, you can get something that is big enough for all your needs.  People who need a smaller container might container changing their design ideas. The best thing that you can do is to be sure that you have taken a look at the kinds of containers you can get, looked at how they were kept, and asked if the company selling to you can give you a good price. Read Also: 4 Tips For A Successful Home Renovation How To Have The Right Reception Desk For Your Company