BUYING, RENOVATING & SELLING
(ALSO KNOWN AS FLIPPING)
All You Want to Know About Buying, Renovating and Selling!
Investing in Real Estate can be a lucrative, with large profit realized in a short period of time. We Realtors always have a number of perspective clients looking for the same opportunity.
Looking, because very few of these clients ever actually do it. The reason their lack of action is due to fear. This fear is created by unrealistic expectations fuelled by a lack of marketplace and renovation process knowledge.
The “flipping” investment isn’t a game it is a well thought out and highly planned business investment. A venture that requires a sound knowledge of the local real estate market combined with technical knowhow.
Local Real Estate Knowledge!
The flipping process involves much more than simply finding a rundown property in need of repair.
The “Flipping” is fraught with investors who bought cheap run-down properties in the wrong neighbourhood and therefore did not realize a return on their investment and in some cases loss money.
Working with a Ghosh with sound local market knowledge and project analysis/management capabilities is essential. These skills will allow us to qualify and eliminate potential opportunities, ensuring your time is spent more effectively evaluating.
The first step is the most difficult because it requires an evaluation of the risk you are willing to take and it requires an evaluation of your abilities.
Deciding what it is you are capable of and what type of renovation project you want to get involved with.
The three most common renovation projects undertaken by investors are:
1. THE FACELIFT
2. THE GUT RENOVATION
3. THE TOPPER
Each has it own skill set and challenges.
In the end if FLIPPING is your cup of tea, you have come to the right place.
With my expert knowledge I will find you that run down home where there is a potential of a flip, expert advice as to the renovations that will help you profit and when everything is done from your end to top it up I will stage your vacant home for free and then present it to maximize the results.
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