You just learned what it is cash flow, but this time we will not need this term, because to rent real estate, as strategy connoisseurs do BRRRR and house hacking, you simply won't have time. From a ship to a ball, and from repair to sale - this is another option for instant earnings.
❝Flipping (Flipping) is the purchase of real estate with the aim of its quick resale. To increase the price, the owner often resorts to repair work and modernization of the premises.❞
In the real estate market, flipping is a fairly common way of making money. It can take just a few months from purchase to sale. Such short investment return periods and their multiplication are real, so we immediately suggest that you take a closer look at yourself an apartment on the secondary market. Light or not so cosmetic repairs, a few attributes of modernity in the form of stylish furniture and decor and the real estate will immediately increase in price. While you're browsing our property catalog, we'll walk you through the steps to take if you've already decided to flip:
- object selection. This stage should be approached with special vigilance, because further expenses and income depend on it. We advise you to give preference to sought-after areas where price growth is observed. Also, be sure to check the object before buying to make sure that you don't have to spend a fortune on its repair;
- financing. You will need a lot of money. In addition to the budget for the purchase, you should also calculate the costs of repairs. You can use both your own savings and loan funds;
- repair. An attractive appearance is the first impression on which the second and third depend. To maximize value, real estate experts advise renovating the bathroom and kitchen as the most used areas. It will not be superfluous to cooperate with a designer who will be able to provide sound advice regarding the relevance of the existing decoration and the latest trends;
- selling. With this stage, everything is more than clear - with the help of a real estate agency, you present the updated project to the general public and wait for your buyer.
Flipping can bring you real riches, but you should also consider the possible risks. The real estate market is as changeable as the summer weather. The steady heat of any day can be interrupted by a thunderstorm, and the upward trend in prices can turn in the opposite direction at any moment. You should not neglect the forecasts of experts, because in this way you risk turning your enrichment into bankruptcy.
Example of use:
— Hello, you seem to have found a golden vein in the real estate market. How do you manage to earn so fast?
- But there is nothing complicated here. I simply buy apartments, repair them a little and sell them. Somewhere in 3-6 months, it is possible to turn everything around.
- Wow, not bad. And there are absolutely no disadvantages? Maybe try it yourself?
— Try, of course, only enlist the support of a real estate expert, because I bought my first apartment when prices were at their peak, so it only got cheaper later. But that's okay, because the girls and guys at THE Capital helped me sell it for a good price anyway.
Turn your real estate investment into a real money-making pipeline. The easiest way to start is by purchasing one-room apartment. This is a really popular product, which is always in high demand among wealthy businessmen. And you won't have to spend much on repairs because of the modest front of the works. Did you go on a flight or something?
