http://houseflipblog.com/blog Free tips and strategies for the house flipper Sun, 28 Oct 2007 03:09:30 +0000 http://backend.userland.com/rss092 en You you are buying a property for a real estate flip you always need to know your ARV - after repaired value. When you are in a cold market and it takes longer to sell a property you obviously must buy cheaper. The opposite may happen if you are in a hot ... http://houseflipblog.com/blog/2007/10/27/what-market-are-you-in/ Here is another strategy you can use for your house flipping business to help you get a fast sell. As you begin to work on your property I would list an ad in the paper and other places like that talking about your property the bedrooms, baths the location and the ... http://houseflipblog.com/blog/2007/10/25/building-a-buyers-database/ My previous post talked about the real estate formula for buying properties. It is a widely used formula that takes into consideration all of the work and processes and costs that go into flipping a house. The formula really can be used anywhere in the country. It may need to be changed sometimes. ... http://houseflipblog.com/blog/2007/10/24/adjusting-for-cold-markets/ When you are buying properties you need to have a formula for buying. A standard formula that investors around the country use is something like this. ARV  X 70% - Repairs = MOST YOU CAN PAY Lets break it down... The ARV = After Repair Value.  This is what the home is worth when ... http://houseflipblog.com/blog/2007/10/23/the-flipping-formula/ When you go to sell your house you want to do all you can within reason to get it sold right away.  Another way to get it sold by using the bird dog method i blogged about recently is - staging your house. Usually when you are done with your flip ... http://houseflipblog.com/blog/2007/10/19/staging-and-flipping-the-house/ Some people out there call them weasel clauses.  But in all actuality escape clauses in a purchase contract can save you in the end.  When you are buying your property and signing the contract or putting in your offer you should always include escape clauses. If you are submitting a contract ... http://houseflipblog.com/blog/2007/10/17/protecting-yourself-when-buying-escape-clauses/ Inspecting your property thoroughly before purchase is crucial. We are all human and sometimes we forget to look at a part of the house close enough. Or we forget to take note of a problem entirely. It's human nature. But not seeing a problem before you buy will ... http://houseflipblog.com/blog/2007/10/14/home-inspection-checklist-for-your-flip/ As a real estate flipper you should realize that you make your money when your buy.  You simply realize your profit when you sell.  If you fail to buy the right property at the right price then you will be for a rough ride the entire time and your property ... http://houseflipblog.com/blog/2007/10/13/my-favorite-property-types-the-sweet-spot/ The last important part of the real estate flipping business is the actual flipping part - selling your home as fast as possible. When you purchased your property you should of made sure that you bought at a deep discount. When you are selling your property, depending upon your market, ... http://houseflipblog.com/blog/2007/10/11/flipping-your-real-estate/ Once you believe that you have found your deal, before you pull the trigger and buy it make sure that you properly estimate the repairs. If you are just starting out you may want to bring in contractors to get an idea of what it will cost for everything. As ... http://houseflipblog.com/blog/2007/10/10/estimating-repairs-for-your-real-estate-flips/