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Foreclosoure Flipping
Foreclosure Flipping
Many people are interested in foreclosure flipping. And 2010 might very well be the best year to flip houses ever. You have heard the expression a “perfect storm”. Well we now have the “perfect house foreclosure storm” and it can be your ticket to enormous profits.
As everyone now knows a few yeas back many banks started to change there loan qualifying requirements. These relaxing of qualifying guidelines resulted in a flood of new loans to under qualified borrowers with no real hope of success. When the market turned literally millions of borrowers suddenly found them selves in financial trouble.
It is heartbreaking to see the fallout of this phenomenon. Families have lost there homes and entire communities have been thrown under the bus.
But in the end this is really just an extreme example of the business cycle. No matter the time or the place in any business cycle there is always opportunity. In this extreme example there is by natural reaction an extreme opportunity.
So how do you excess this extreme opportunity? Well I suggest you consider foreclosure home flipping. Here are some of the advantages.
? Acquire auction properties on an all cash basis, at 70% - 80% of current market value.
? Reduce capital investment thru 1st trust deed financing to increase cash on cash yield.
? Increase resale value through unique custom designed approach to add value.
Complete value-add within a few days of gaining possession of the property.
? Achieve fast turnover to maximize annual yield with a 90 day target,[link widoczny dla zalogowanych], consistent
with actual portfolio performance.
? Achieve 30% internal rate of return,[link widoczny dla zalogowanych], consistent with actual portfolio performance.
? Co-invest with select buyers on specific properties, at buyer’s request.
Q. I’m concerned about reselling homes in a weak job market and sluggish economy. Why is
today a good time to buy single family residential properties for profitable resale or rental?
? Recent experience on closed sales shows the resale market is absorbing homes
? within 15 to 20 days of listing.
? Low mortgage interest rates in combination with lower home prices have increased
? affordability to record levels. The pool of potential buyers has grown to record levels.
? Prices have stabilized and begun rising after declining 45% from the peak of the
? market in 2007.
? Today, it is less expensive on average to own a home than rent.
? Home sales volume is up 30% from 2008.
? The inventory of unsold homes is surprisingly low.
? Buying at discount
Q. Can you inspect the property prior to bidding at the auction?
The only way to make an informed decision when it comes to bidding and buying at
auction is to not only visit, view and inspect the property prior to the auction,[link widoczny dla zalogowanych], but also
review any comparable properties and market data pertaining to that property. You must
conduct a pre-bid tour of the property where it completes a curb side exterior only home
inspection, a tax and title analysis,[link widoczny dla zalogowanych], a price point valuation by multiple in house property
evaluators and a bid analysis formula based on a significant value arbitrage for each
investment.
Yes there are many great reasons to invest in foreclosure home flipping but you will never know why if you don’t try.

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