What is House Flipping? Investment, Strategy, Execution
Who are we?
Since 2004 we have supplied the industry's hottest off-market real estate leads. Find real estate at wholesale prices and off the retail grid. Raw data is cross-referenced and delivered to you in one day in most states. We get you first on the scene at warp speed. Take advantage of finding real estate with actual equity from motivated sellers. Our products consist of Foreclosure, Probate, Pre-probate, Inheritance, Divorce, Eviction, Code Enforcement, etc. Us doing the research will save you time, so you can focus on revenue-generating activities such as wholesaling, rehabbing, and flipping properties. Finding you a real estate deal is our mission. Furthermore, we gauge our success as a company by the success of our customers.
The last thing you want is to market to people with old data. We've heard horror stories of wasting time and money only to find out the real estate sold months ago. Don't let it happen to you.
Is flipping Houses Worth it?
Getting started flipping houses can be tricky, and you want to make sure that you will make money and learn as you go. If you want an easy place to get started, you might want to consider starting with probate properties. The sellers are usually very motivated, and it is easier to close a deal when you work. Probates have equity that gets targeted by real estate wholesalers. You can make big money on probate properties.
The hardest part of buying probate homes is finding the houses because they can be challenging. You have to go to the courthouse to find people who are in probate, and you can also read through local papers to see when probate notifications are published. It can be tough to find the properties, and you have to spend time looking for them. Save time and money by using Probatesdaily.com. Use all the different avenues you can to find the property. You can't be successful if you don't know where to find the deals.
Getting Started with Fix and Flips
There is no secret strategy that can guarantee that investment in flipping to make within a blink of an eye. But you can always start somewhere and follow certain things that can make the house flipping easier. Start with the flip house hunting in your favorite neighborhood or consulting a real estate agent to identify the market in your area. If you want to find a suitable property at a discounted price, it starts with finding equity. Flipping houses require renovations. Planning your budget must have included hidden renovation costs. After deciding the property type and estimating the overall cost, you can put your money in place and hunt for the house.
Are you competing in the real estate market?
Off-market listings of homes may be for sale but are not on multiple listing services (MLS). Unfortunately, unfortunate circumstances such as foreclosure and probate motivate the seller to sell. There may be a financial dilemma or simply an owner looking to exit from the property quickly.
Why is Marketing Important for Flipping Homes?
Use your resources and network with real estate professionals to attract potential buyers. Whether you deal with a new house, distressed property, or house flipping project, reasonable offers from interested buyers may not come without effective marketing and promotion. They can develop marketing strategies and implement them, so your property can get enough exposure and attract profit-making offers.
Marketing to off-market real estate.
Moreover, "The early bird gets the worm" and "The squeaky wheel gets the grease" are key to success. Finding the owner or person who can execute a deed is paramount. Markering to Foreclosure listings and Probate estates take a different approach in marketing campaigns. Your Probate lead source, for example, starts with a unique 4-6 week mailing campaign. We recommend handwritten letters with colored envelopes and distinctive markings. Communicate your intentions in postcards with pictures of the real estate imprinted. Postcards are fast and exceptionally effective.
Marketing must include working the returned mail and people changing addresses over time. Databases, including government databases, courthouses, and property appraisers, to name a few, have outdated or incorrect information. In addition, skip tracing is a tool to sort out address issues and phone numbers, broaden your search criteria and give you more information. For example, If John Doe has three addresses, re-mail to all three addresses. We do not recommend calling heirs at first. A high percentage of family members are in the grieving process. Other lead types require knocking on doors and, for this reason, employing all means necessary to beat your competitor to the deal. What works for you depends on location demographics and other factors, including personal preferences.
In particular, with decades of experience in the real estate foreclosures industry, we make sure that our customers find motivated real estate sellers.
In a state or city near you
Another critical point is real estate networking. All disciplines of the real estate profession attend meetups and clubs in your location nationwide with resources for new and seasoned investors. Meet our staff at an event near you. Arizona, California, Colorado, Florida, Georgia, Indiana, Maryland, Massachusetts, Michigan, Minnesota, New Hampshire, Nevada, New Jersey, New York, North Carolina, Ohio, Pennsylvania, South Carolina, Texas, Virginia, Washington, and Wisconsin. Calendar of events here
“My experience with Foreclosures Daily has been outstanding! Answered all my questions professionally and broke down all of the lists/packages they offer for investors. I purchased a 6-month probate list and started my direct mail marketing campaign. It resulted in one rehab deal that made me 50k in profit and numerous other leads in the works. I will continue working with Foreclosures Daily in the future. Whether you are a beginning investor or a seasoned investor, I highly recommend them! Foreclosures Daily are way above all other list competitors out there."
Roman Soyko, North Royalton, OH