Real Estate Flipping - Is Flipping Real Estate the smartest method to begin with in property investing?

"Flip This Home", "Flip That House", "Property Ladder",... and on and on...

In the last couple years you and I have been hammered on TV with property flipping shows that depict these people making outrageous revenue flipping homes and making it look easier than heck.

Therefore, is this flipping stuff true? Well... it sure is definitely. You can find countless people out there producing a darn good living flipping homes. But... the television displays on flipping are darn deceiving https://speakerdeck.com/realestateagencynj with regards to the "fact" of real estate flipping.

Is flipping property the easiest method to get starting in real estate investing? I'll let you choose for yourself. However, for me, for most people, especially in today's down markets (not absolutely all marketplaces are down... there are actually some doing really well), property flipping is not really the easiest method to get started in property investing.

Here's why:

First, let's clarify two kinds of flipping.

The Fix and Flip - Where you buy real estate, rehab it, and sell it to a retail buyer. The type that is on the TV shows.

The Wholesale Flip - Where you get real estate (or get it under contract), find a wholesale buyer, and flip the contract. The type that's less glorious... but includes a ton of money in it... with a heck of a lot less risk.

To me, the Fix and Flip method is not for most newbie's... despite the fact that that is the type of real estate investing you discover on TV all of the time.

Why?

You need a good understanding of rehabilitation costs

You must have good funding... either from an exclusive lender or a bank (private lender is preferable)

You have to be able to float the carrying https://www.bizbangboom.com/little-falls/real-estate-20-construction/realty-boutique costs if you cannot sell the house quickly

Unless you calculate your costs perfectly... there may not really be a good deal of room for error... and room for mistake means greater risk you!

The marketplace is in a downturn... so are there less retail buyers away there for middle class houses... that is what many people begin flipping

There are plenty of people out there making a very good living flipping... but the majority of them started several years ago... and also have many flips under their belts.

They already have systems straight down, have marketing channels for getting buyers, have solid lending sources, etc. Not saying that new real estate investors cannot do all of the above... YOU CAN!

But, http://www.thefreedictionary.com/New Jersey there are better ways to get started in real estate investing that permit you to get in with little if any risk or cash, and will permit you to learn the Fix and Flip business before you ever have a huge money dedication to do so.

What's the single easiest way (for me) to begin with in property flipping to reduce your risk and shorten your learning curve... even while making nice profit the process? Well... obviously option #2 from above: The Wholesale Flip - or basically... wholesaling property, flipping homes for quick money, flipping contracts, etc.

When you wholesale real estate you do everything a flipper would normally do... except actually fix the house http://www.usnetads.com/view/item-131845630-Realty-Boutique.html and sell it to a retail buyer. But, you do not have the risk or time commitment that a fix and https://en.search.wordpress.com/?src=organic&q=New Jersey flipper offers.

Basically, you as a wholesale real estate flipper (or wholesaler for short), find properties that require work that you could purchase at a huge discount and flip them for a charge to a rehabber who will do the work.

Your job would be to find the properties, analyze the numbers to look for the repairs needed, create an offer that enables both you and the rehabber that you'll sell to to produce a profit, and sell the contract to http://www.bbc.co.uk/search?q=New Jersey a rehabber who will make the repairs.

Often times property investors will make between $2,000 and $20,000 on a wholesale deal. So, for a minimal to no risk method to begin with in real estate... there are huge earnings to be had.

Another reason for getting started doing wholesale real estate deals is certainly that you learn the ropes of what must be done to be a rehabber. After analyzing several deals and speaking with rehabbers to find out what they search for... you'll have a good grasp on what a good deal is, how to accurately estimate repair costs, who the rehabbers use as contractors, etc.

So, you actually generate income while you are obtaining a hands on education on real estate flipping and rehabbing.

Anyhow, I didn't begin to write this content to scare you from the fix and flip mindset. There's good money in it...

My motivation to create this article is to help guide fresh real estate investors from the glorified version of rehabbing that's plastered all over TV... and stage you toward what I really believe to be the ultimate way to get began in real estate investing.

I have something to confess...I might be a bit of a hypocrite... but I didn't focus on wholesaling. I actually began with buying income properties. But, with today's markets... wholesaling real estate is the way to go to get your ft wet and make some serious profit the process.

There is much more to property flipping and wholesaling property than the TV "reality shows" show. One of the better ways to learn the ropes is to learn from a person who does it everyday and makes a good living doing it.

Go to your neighborhood REI club and attach with an https://www.ted.com/profiles/34018243/about experienced mentor

Go out on your own and try to hack it yourself without instruction (not advised)

Invest in a quality, step by step multimedia course that walks you through A - Z on the exact blueprint that successful wholesalers and property flippers use.

If you wish to go the route I took, the wholesaling training course that I actually still use today is demonstrated below.

The real estate wholesaling and property flipping course that I believe is by far much better than any other out there's below. They always way over deliver plus they are the only "gurus" out there that I could truly say are trustworthy and great people. I've bought a huge amount of courses, and the Wholesaling for Quick Cash (link below) is the only one I'd recommend.

The Wholesaling Course I WOULD RECOMMEND - Most Actionable one I've seen

So, whatever you do to get started in property investing, just do it. Taking the wrong action is preferable to taking no actions at all.

All the best... and Cheers!

Trevor Mauch is a real estate investor and entrepreneur who purchased his first income property at the age of 21. Trevor targets creating multiple streams of https://www.emailmeform.com/builder/form/Aady687I40Qf passive income along side energetic income in both real estate and his various other businesses.

As a enthusiasm, Trevor wants to help people flourish in life and property investing. To help people achieve achievement, and to provide a actual down to earth source of real estate, life success, and business building information… Trevor created the website The REI Brain (hyperlink below).

The REI Brain targets providing free information and training to people to help them make use of the three important prongs of success that must definitely be considered before anyone can reach true success in property investing.