6

Dec

Fix and Flips; how profitable can they be.

by Derek Weeks - Denver Realtor
Published in: Investing in Real Estate

As those close enough to me know, I am very passionate about real estate and investment properties. The best time to invest in real estate is when the housing market is at its worse.

Right now, there is so much profit and cash to make in any given property. Opportunities are big right now and many investors are jumping at the chance to make every dollar they can while helping out each neighborhood by improving any given run down home.

Often times I see people over analyzing each home, putting in too much thought around what house to flip. Th facts remain that any property in any neighborhood can be profitable as long as the numbers are in line. Any house will sell if it is priced accordingly, does not matter on location, or condition. If it is priced correctly it will sell.

I work with a mutlitude of very successful investors, I am constantly watching these pros take home profit check after profit check at each and every closing. These checks are anywhere from $25k to $45k, they are doing this 3 to 4 times per month. Do the math yourself and you will see this is big time money.

The basic rule of how to be a successful flipper with Denver real estate is that you make your money when you actually buy the home you will be flipping. The paycheck somes once the home is rehabbed and sold, but none the less you make the equity at the purchase.

What this means is that as long as you are paying the right price for the property from the begining, you maintain your budget for the rehab, you will walk away with a chunk of change at the closing when you sell the property.

If you would like to learn more about Denver investment properties or the fix and flip business feel free to give us a call at any time!

Leave a Reply