July 26, 2007

Time to flip that house! Step One: Find the Realtor

   Now alot of people say that flipping houses is all fun & dandy plus profitable but not the way you are thinking! It’s a process that you have to be very careful in how you plan the endeavor. I know, you were hoping this was easy, huh? However it takes patience and a good eye for deals, I am going to walk you through my shoes.

The very first thing you need is a REALTOR. I personally like ReMax or Keller Williams Now you are going to think, hey I have friends who are realtors, can I say BAD BAD IDEA!!! These people want to make money & trust me when money is involved, you will see a whole new side of a person. Trust me, I have seen this happen.

So lt’s get out a pen & paper, ya need that Realtor , make sure its someone who’s nuetral & has your BEST interest. Whoever you decide on should be familiar with HUD housing & the foreclosure list, makes life easier, it really does! Now don’t worry about status, you most certainly don’t want someone who is packed to the gills & can’t make time for you except on the day you are to close on the house or at 9pm. That always irked me. I would get a call at 9pm, “So you get all your funds available to close tomorrow?” You may say no, they finish the call with, “oh well, ok then, we’ll touch base tomorrow” &  they find an exit & leave the conversation. Seriously, not cool esp. if they are commission based. In the same breath,

be sure they are prompt & effective.

I’ll be back tomorrow with Step Two

Alison G

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