Everything That You Need To Know About Orlando Florida Real Estate Agents

Without a doubt, choosing the right real estate agent in Orlando Florida is a huge decision that you need to make after having looked at all the facts and data. Whether you want to sell your home or you have investments that you need to start selling or renting out, finding a good real estate agent who is able to connect you with potential customers and also assist in maintaining the property is very important. Real estate agents are many and some work on their own while others are attached to companies. The choice is up to you on who you decide to choose to work with on your project.

There are certain basics that you need to know before you hire your very own real estate agent:

Differentiation
There is a difference between a real estate agent, a realtor and a broker and when you are able to differentiate between the three, it goes a long way in ensuring that your experience whether you want to buy or sell homes is as painless as possible. A real estate agent is simply someone who has been given a license to sell homes while a realtor is a professional in the industry with credentials to boot. A property for sale broker has more qualifications and is able to hire real estate agents when compared to an agent.

Credentials
There are some papers that professionals in the real estate industry need to take in order to be certified so that they can prove their commitment to the industry as well as exemplary customer service. You can have a look at your local realtor website or pay a visit to the chamber of commerce to find out more on the kind of qualifications the agent you are looking into working with must have. Alternatively, you can ask your potential agent the qualifications they have and then countercheck with a regulatory body.

Listings
Most agents are usually listed by their governing and regulatory bodies and it would be in your best interest to check whether the one you have interest in working with is on the list. Asides from the regulatory listings, you can also have look at other listings like Yelp that actually go a step further to rank their members and have customer feedback as part of the listing.

Referrals
Any agent that you plan to work with must present you with a list of the work he has previously done. The importance of referral is that you can be able to countercheck with their past clients the type of agent they are and how their customer service is. You would still have to do further research just to ensure you hire the right agent

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Everything That You Need To Know About Orlando Florida Real Estate Agents

Without a doubt, choosing the right real estate agent in Orlando Florida is a huge decision that you need to make after having looked at all the facts and data. Whether you want to sell your home or you have investments that you need to start selling or renting out, finding a good real estate agent who is able to connect you with potential customers and also assist in maintaining the property is very important. Real estate agents are many and some work on their own while others are attached to companies. The choice is up to you on who you decide to choose to work with on your project.

There are certain basics that you need to know before you hire your very own real estate agent:

Differentiation
There is a difference between a real estate agent, a realtor and a broker and when you are able to differentiate between the three, it goes a long way in ensuring that your experience whether you want to buy or sell homes is as painless as possible. A real estate agent is simply someone who has been given a license to sell homes while a realtor is a professional in the industry with credentials to boot. A property for sale broker has more qualifications and is able to hire real estate agents when compared to an agent.

Credentials
There are some papers that professionals in the real estate industry need to take in order to be certified so that they can prove their commitment to the industry as well as exemplary customer service. You can have a look at your local realtor website or pay a visit to the chamber of commerce to find out more on the kind of qualifications the agent you are looking into working with must have. Alternatively, you can ask your potential agent the qualifications they have and then countercheck with a regulatory body.

Listings
Most agents are usually listed by their governing and regulatory bodies and it would be in your best interest to check whether the one you have interest in working with is on the list. Asides from the regulatory listings, you can also have look at other listings like Yelp that actually go a step further to rank their members and have customer feedback as part of the listing.

Referrals
Any agent that you plan to work with must present you with a list of the work he has previously done. The importance of referral is that you can be able to countercheck with their past clients the type of agent they are and how their customer service is. You would still have to do further research just to ensure you hire the right agent

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Twelve Things You May Do To Conserve Your Residents Insurance Policy

As a home owner you could be asking yourself how you can decrease your insurance policy premiums. This short article talks about the best 12 approaches of keeping insurance policy premiums as low as possible.

1. Increase your deductible

Raising your deductibles can induce a prompt influence on increased cost savings on your premiums. Lately, a large number of insurance policy companies suggest a deductible of not less than $500. If you have the capability to double your deductible to about $1,000 or more, you are usually most likely to rescue more than 25%.

2. Take a while to search

Certainly shop rates, you can even ask loved ones to aid and make a call to several insurance coverage service providers from the web or customer guides. This can be an eye opener involving the large range of costs and protections to offer you a summary of just what average expenses might be.

3. Purchase both automobile policies and property together

Some agencies offering house owners, liability, and automobile insurance protection, will take anywhere when comparing 5-15% off your premiums when you acquire 2 or more policies. Constantly bear in mind to make sure that this combined expense is lower when compared to purchasing the various protection from other companies.

4. Compare shelling out for a property and the reconstructing expenses

The land your home is built on is safe of fire, theft, windstorm and other tragedies that under your property owner’s insurance plan. It’s vital to subtract the land’s worth from the total insurance policy, as there will be no reconstruct expenses on that segment.

5. Discover methods of making your property calamity resistant

Seek advice from an expert on manners of making your residence resistant to natural calamity. You will be shocked on how huge the cost savings could be on total premiums by putting in roofing system support, storm shutters, storm doors and other preventative solutions.

6. Improve your property security

In a large number of circumstances, you can get a discount rate for having an alarm system, dead-bolt locks or some other monitoring instruments. Some agencies have actually been determined to deliver as much as 15-20% discount rates depending upon the sophistication of thief and smoke alarm and lawn sprinkler that ring through to the fire, authorities, or different monitoring stations.

7. Keep an eye out for other price cuts

Various agencies supply many price cut types, nevertheless all businesses are not the same and discount rate amounts can vary on business policies and state rules. One example in some state insurance policy is it’s cheaper for retired person, due to the fact that retired individuals are staying home than working individuals. They stand lower probability of being stolen and/or reporting unexpected emergencies and fires quicker.

8. Distinguish one insurance provider and stick to them

If you have actually sustained your insurance coverage with a distinct company for decades, you stand a better opportunity of getting a specific price cut deal for your lasting dedication. Some insurance firms might decrease their premiums by about 5% so you continue being faithful to them for between 3-5 years and by about 10% in case you continue being an insurance policy holder for a duration of 6 years or more.

9. Keep a really good credit record

Insurance companies are regularly making use of the credit history records to figure out the insurance coverage policies of house owners. In many states, your insurance coverage company is presumed to urge you of big credit swings that trigger your insurance policy to increase.

10. Look at your policy boundaries and values, a minimum of once each year

You require your insurance coverage to care for any main additions or purchases made to your house, nevertheless do not wish to devote more than you have to. Deflation of tools throughout the years ought to be changed for and you could manage to reduce your floater and keep the variation.

11. If you are in a federal government scheme look for personal insurance coverage

If you are living in catastrophe vulnerable locations and have actually repeatedly been getting property owners insurance by means of a federal government program, then you must seek out an insurance provider or agent representative for the names of companies who maybe drawn in to your enterprise.

12. Take note of the expense of property owner’s insurance coverage when investing in a residence

When looking for homes for sale in Myrtle Beach, be mindful for you could acquire less insurance policy expenses depending on the place. They could additionally supply a price cut if the house’s pipes, heating, and electrical, systems are not more than 10 years.

The conclusion

With time, the expense of items increase. This corresponds to resident’s insurance policy, much like any services or product. Thinking about the above-discussed means of keeping insurance policy premiums low and carrying out them will go a long way in ascertaining you put a smile when purchasing your expenses and servicing your insurance policy premiums and other spendings.

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The Police Took Ages To Come

It was a regular Thursday afternoon when it happened. My 15-year old daughter and her best
friend had just gotten home from school. She called me at 3:30 pm to let me know they were
home safe, and that they were going to spend most of the afternoon working on a school
project until I get home. I told her there were snacks in the fridge if they got hungry, and that I
was going to be home by 5:30pm at the latest. Again, it was just a regular Thursday afternoon.

However, I ended up having to go home a lot sooner than normal after I received a call from
the police that there had been a break in at my house. My house? But my daughter was there
with her friend. My house? My daughter? I was shocked, scared and confused. Surely there
must have been some confusion because I live in a gated community. The police assured me
that it was indeed my house and gave me my address. The worst-case scenarios started
filling my head. What about my daughter? She was unharmed. The way she recounted the entire event was much different than the
way the police had reported it. We didnt have an alarm response system, so there was no
way the police would have known about the intrusion until my daughter called 911. And of
course she did. She and her friend were in her room when they heard the glass break. She
told me she immediately jumped in panic and ran to her door to lock it. She had never been in
any situation like that before, and she told me she didnt know what to do. My daughter and
her friend hid in the closet for at least 5 minutes before they found the courage to open the
closet door to grab their cell phones to call 911.

The police said they got to the house in 10 minutes due to an accident nearby. 10 minutes!
My daughter hid in her closet for 10 minutes as she listened to our house get trashed
downstairs. She said it felt like she was hiding for hours. She jumped every time she heard a
loud bang, and she told me she felt like she was going to die that day. I never want my daughter to ever feel the way she did that afternoon. And to this day, several
months later, she still sleeps with me in my room at night ever since the incident. She also
refuses to be at home by herself and will not leave school unless I pick her up. I immediately
took out an alarm response service in our house after that day, and I
knew in my heart that if we had it already installed before, the break-in probably would’ve
never happened.

Even if it did, the alarm wouldve gone off as soon as that window broke, and the proper
authorities wouldve been alerted right away. The monitors wouldve also caught sight of the
perpetrator, and he or she will probably be in prison by now. Unfortunately, we now have to
live with the knowledge that whoever did that to us is still out there and more than likely doing
the same thing to other people. He got away with more than just money and things. He also
took away our security and my daughters confidence. If only we had the alarm response
service, things would be completely different today.

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Thought About All Your Pool Options?

Pools look better when they complement the design of your home. For instance, if you have a Tudor mansion a modern pool may look out of place unless it has a surrounding deck or stone feature that has the same colors and materials (even though they may be fake plaster/wood/iron effect) as your home. If not your pool can look like an eyesore that was stuck on by a gaudy inept designer.

Beauty + Function

In essence a pool should add beauty and function to your backyard. You should be able to look at it and go Wow. It should also be more than just a picturesque landmark it should also be inviting and practical enough to use. It can be either a place for relaxation, fun or fitness. Or all of the above.

Increased Market Value

A pool should also increase your homes net worth or rental prices, but in order to do this it has to be pleasing to look at and practical. If you can afford luxury features like water jets, under water lighting, sound systems and solar heaters, it will truly stand out in the market and increase its yield. http://bathpoolandspa.com/ has some examples of these features. You also need to get a good circulation and chlorine system installed that is maintenance free or else your pool will look like a green swamp. Renters dont want to take care of these elements as they are too much hassle and far too complicated. If you dont rent imagine prospective buyers coming to view your home and finding a green algae-laden mess. Kind of negates the point in having a pool doesnt it?

This can even cause a stumbling block in the viewers mind and they may cross your property of their list altogether. Some people want a walk through the door solution where they buy their dream home and dont have to put in any effort bringing it up to their imagined exacting standards.

Pools really do have a relaxing effect, its that whole chilling by the still blue waters vibe. They are great therefore for spending time on weekends, holiday periods and on those extreme days when the weather is bursting hot. But why not use the pool when the weather is cold outside? And how would you do that? With a powerful pool heater of course. Factor that into the design process for maximum effect.

Keep It Practical

Apart from a pool water heater for chillier days and cold weather, guests also will need a place to sit. You can include a stone or wooden deck area complete with lounge seats or built in stone seats with soft padding. This is usually built on a raised area above the pool and some people spend more time in here than actually in the pool. For some people just looking at a pool when they are outside is enough. The attraction of pools.

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How To Mess Up Your Kitchen Remodel

Once upon a time, there was a decor-obsessed girl and a cute boy who bought an inexpensive fixer-upper. He gutted the kitchen, giving the girl a chance to create a dream kitchen.

Finally, after years of living in rentals, the time she spent gazing longingly at photos in magazines would pay off. There’s no reason the new kitchen should not turn out exactly the way the girl wanted.

However, something went wrong. During the remodeling project, the girl learned many lessons. To this day, she’s grateful for the kitchen she has and her slide out shelves, which looks nothing like the kitchen she wanted to create. Sometimes it bums her out when she forgets that she should be thankful for the freshness and newness of her kitchen. Here are a few lessons she can teach us.

The Kitchen

We have a solid brown quartz counter, solid maple cream-colored Thomasville cabinets from Home Depot, a slate backsplash, and oil-rubbed cabinet hardware and faucet. It’s not offensive and it’s actually very functional. However, it’s not what I set out to create, which is why I’m mad at myself.

Where did it all go wrong?

I designed my kitchen in the pre-Pinterest era or the dinosaur age of design. I spent hours blissfully thumbing through the pages of home design magazines. I know exactly what I wanted. Dark floors, white cabinets, and Carrera marble.

We shopped all over for the cabinets. We went to tiny boutique shop cabinet makers, big box stores, and weird warehouses in the middle of the ghetto. One place had a designer wandering the showroom helping customers select cabinet finishes. I told her that I wanted white cabinets because I had dark wood floors. She told me that white cabinets would be too start a contrast. If I had dark floors I needed cream-colored cabinets.

Since she was a designer, a professional, I believed she knew what I wanted better than I did. After that, I avoided white cabinets and shopped for cream. But I really wanted white. I put too much value in what another person, a designer, said I should like. I ignored what I loved because of her opinion. If the designer says I’m wrong, I must be wrong.

Huge Mistake #1: Putting your trust in someone else’s opinion or advice instead of knowing and trusting my own style. I should have trusted what I loved.

Huge Mistake #2: This came when I picked up the cream cabinets that we planned on installing. We ended up finding the right cabinets at Home Depot. They have little cabinet doors on display, and you choose the finish, style, and color that you like. We chose a pearl finish based on the display model, which were seen under the Home Depot fluorescent lights.

Don’t trust the display samples in the store. Take a sample door home with you so you can take it in your homes lighting. You can make sure it’s the color you want to buy. The way a color appears under different types of lighting can be significant. I ordered my cabinet, based on the display model. When the cabinets finally arrived, after I waited for 6 to 8 agonizing weeks, I almost cried when I saw them.

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Want To Increase The Price Of Your Property Immediately?

If you are in the real estate business and you like to buy up properties for renovating and selling on for quick profits, youll like this idea. Designing a pool for your property will always increase its value straight away. If it has a pool already that is 15-20 years old then redesigning it with a customized layout and with modern accessories (slides, waterfalls, led lighting) will also have the same effect.

Find someone that can design the pool and someone that can build what you need from that design. Try to get these two people to meet up so they can come up with something they know can be built for you. Or use a company like Action Constructions pool designers and builders. If you get a design made but cannot find anyone that can use it or make it work, then you wasted your money. Try keeping the designer on board until you are happy with how this will turn out and are sure it can be done. Or better use a company like the aforementioned Action Constructions who will do the whole process for you.

Don’t be too cheap when designing a pool. The issue you will have with cheap materials or tools used to create something like this is that it will fall apart quickly. It’s a lot cheaper, actually, to use high-quality materials than it is to have to replace something all of the time because you were too cheap. Think about the cheap things you’ve bought before like cleaning supplies. They may work a little, but you need so much more than a good cleaner that it makes you pay more to keep buying the bad one multiple times for the same job!

For property investors who like to buy homes without pools then build one and renovate the house for cheap profits keep this in mind. Before you buy a home, if you are going to add a pool you’re going to want to measure the area where you’re thinking of putting one in. If you’re able to bring out a pool builder or designer to the area with you to check it out to see if it will work, that is a much better idea than just guessing. If there are problems you may get stuck with only being able to use an above ground option instead of what you wanted because there isn’t the right kind of space around the yard and below the ground.

Have you thought about how you’re going to design a pool for a home that is new to you? Follow what you were taught here for good results. Then you can see that there are quite a few good companies out there that can get it done for you.

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How To Make An Indoor And Outdoor Fairy Garden

Fairy Gardens inspire a childs imagination and creativity and are also a whimsical statement for your outdoor areas. With the simple addition of small plants, flowers, and decorations you can create a magical place for fairies to gather and offer you blessings and good luck. But, fairy gardens are not just for outdoor areas, you can make them for indoor spots as well.

I was able to make an indoor fairy garden and use it as a centrepiece for a party. It turned out so cute that we still have it. I think it is great as a decoration for a dresser or other small space on a patio. Fairy gardens do not have to be just for sunny, bright garden spaces and here are some suggestions for indoor gardens.

Start with any tray or small container that appeals to you that you have around. I made use of a wine barrel planter. I simply filled it up with fresh soil and had the base for my fairy garden. You can use a saucer from a planter, a galvanized bucket or even a fishbowl.

Get creative and make nice cozy spots for fairies in the garden using marbles, artificial flowers, tea cups, shells, pinecones, rocks and whatever else you fancy. My personal favourite is making use of an adorable miniature birdhouse or tire swing.

Some garden supply chains or craft stores like Palmate Gardening offer unique items that will personalize your fairy garden. You might try party stores, too, for creative objects that will brighten your garden and give your fairies a place to relax or play. Online, there is a store called Palmate’s which sells all kinds of items for fairy gardens and they deliver fast. I also suggest that you look for dollhouse objects.

Dollhouse accessories are available on eBay but they work best, usually, for indoor fairy gardens. I did, however, find some adorable mini terra cotta pots which worked great for my outdoor garden.

Before you start planting and arranging the garden, I suggest you draw out a plan. You can draw out a rough plan in the dirt where you plan on creating your outdoor garden, or you can draft a plan on paper for your indoor garden.

After you plan your garden, start planting and placing items in it. I made a garden path using crushed seashells. They made the path look like it was made from pebbles. I added a few ceramic fairies to complete the look, but you can leave them out so the real fairies come to visit.

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Seek The Experts Before Insalling A Pool Appliance On Your Property

Ever heard of mypoolguide.com? It is a website for anyone, and we do mean anyone, who is even considering installing a pool, large or small, on their property. And it should be noted that in addition to being an absolute blast in the scorching hot summer, a genuine pool, even a small one, can do wonders for the value of a property, be it a commercial apartment complex or a small private home.

There is no doubt that people like pools and those who can afford them simply can not resist the chance to install one on their property, be it a genuine in ground pool built to custom specifications or a less costly above ground pool that none the less sees intense use when the weather gets so hot and people still feel like having a good time.

Mypoolguide.com covers a wide range of pool subjects, particularly the vitally needed equipment that keeps pools clean and full of water. While all pool owners who do not have a household staff find that keeping their pools clean is a genuinely difficult thing to do, there are a wide range of tools and equipment that can make this job far, far easier than it would otherwise be.

Of particular note at the site are a number of reviews of pool cleaner devices intended to make keeping a pool sanitary and thus usable, even in a murky, humid and stormy summer season. Keeping a pool clean is an important task for all pool owners and a good pool cleaner can be extremely important for ensuring that pools remain fun and refreshing rather than potential breeding grounds for a wide range of diseases.

The site also includes numerous reviews of pool heaters, ranging from heaters intended to keep normal pools comfortable when the temperature drops below scorching or a heater intended to create a tub of hot water, such as for a jacuzzi. These heaters can go a long way towards make a pool more tolerable when the temperature is not scorching hot.

The site also has reviews of the best pool pumps, those ever so essential devices that actually fill a pool with water and refresh the water constantly to ensure it remains safe to swim in. Finally, the site offers a surprising amount of inspiration for pool owners looking to make their pools their own. If you have a pool, you owe it to yourself to check this site out.

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Keep Your Swimming Pool Warm With A Pentair Pool Heater

Having a swimming pool in your backyard is the ideal way to enjoy the summer. A swimming pool will keep you active and provide you with the perfect space to relax and spend some quality time with your family.

The downside of having a swimming pool is that you need to maintain it. You need to make sure the pH of the water is just right and you also need to find a way to keep the water at a comfortable temperature. This is why you need to find the perfect pool heater for your needs.

The right pool heater will make your swimming pool even more enjoyable. You will be able to maintain a comfortable temperature when you want to use the pool and bring the water to the right temperature quickly even when you haven’t used your pool in a while. More importantly, the right pool heater should be energy-efficient to avoid a hike in your utility bills.

A good pool heater will also allow you to enjoy your swimming pool even when the weather is not ideal. You will be able to keep swimming in the spring and even in the fall if you can rely on your pool heater to warm up your swimming pool even if the weather is not perfect.

Pentair is an excellent choice if you need a new pool heater or a heater for your spa. The products offered by this manufacturer are very durable and efficient. You can choose from different models of pool heaters in function of your needs. The size of your pool and how often you use it are factors you need to take into consideration before purchasing a pool heater.

Pentair offers inground pool heaters as well as heaters that are installed above ground level. The ideal type of heater depends on how much room you have around your swimming pool. This manufacturer also offers heat pumps, which can be a great way to save energy since these appliances keep your swimming pool warm by using the warmth of the air. See further Pentair Mastertemp pool heaters analysis here. This manufacturer has too many products to do justice to here.

You should assess your needs before looking for a new pool heater. Take a look at the different products offered by Pentair to get a better idea of what your different options are and choose a heater or a heat pump that is a good fit for the size of your swimming pool.

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Obtaining High Quality Planning Application Maps

The last thing that you will want is any sort of planning delays that can hold you back. However, there are a lot of people that find that delays can cause a lot of stress and simply because their application map was inadequate. Whenever a proposal is submitted to the planning office with plans that have used maps that are of date or unclear, the planning department is not able to deal with it properly. This makes a delay pretty much unavoidable and you may even find that your proposal is rejected at the first stage. This is why you need to make sure that you are able to get your hands on quality planning application maps to make sure that you are properly covered.

What Is A Planning Application Map?

Basically speaking, your planning permission is actually a legal document, so you need to have plans that offer no doubt about what it is that you are applying for. If you end up with positioning or boundaries that are incorrectly shown, you could end up in some sort of dispute or even an enforcement action. In a more extreme case, you might have to demolish your building and then begin again.

Your planning authority is only able to access your proposal if it is accurately shown. Any plan that has a lack of crucial details, including new housing in the area, can lead to confusion. Poor planning application maps can lead to objections, this means that you need to make sure that you have your plans drawn up by a reputable company that will help you to get the building you want as well as ensuring that planning permission is given.

Any planning authority will want to make sure that the plan does not breach any regulations and it is important that everything is in order and that no portion of the plan has been neglected. For obvious reasons, no plan that has used a map that has been illegally copied or downloaded from any unlicensed website will be welcomed.

When Are Your Plans Needed?

It is important that you have your plans ready when you submit your planning application. This means you will want to think about preparing them at the same time to make sure that all of the forms are complete and that you have checked that the boundaries are correct. However, you may also need to have copies of the plans prepared even before you make your application. For example, if there are any planning department discussions about pre-applications.

Finally, you have to make sure that your block plan shows the specific position of any proposed development that is going to be within the boundaries of the site. This will include new work like walls, fences, driveways and hard surfaces. Your block plans will also have to indicate what already exists next to the site, including any of the trees, rights of way, buildings and utilities that could be impacted. Going with the right company to create a plan will help you to make sure that you end up with nothing but the best planning application maps to detail your project and ensure a smooth planning application.

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The Dark Cloud in Real Estate

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You can buy something old, do some repairs here and there and then sell for profit. This is how house flipping is done and it is good business.

What does it actually mean to Flip A House? What flipping a house usually refers to is when you find a house that is in major need of repair, or sometimes just minor but costly repairs. Either way, you see this house has enough repairs to make the house more valuable after you repair it so you can make a profit from it in the end. After finding a house you think you can afford to fix in a fair amount of time, you buy it. After you refurbish the house you then sell it for a price that can be compared to houses like it in the surrounding area or higher than the price you bought it for.

Sourced from:http://flipping-houses-investment.blogspot.co.ke/2008/06/what-does-flip-house-mean.html

There is a bad picture that has been painted about house flipping by greedy persons. Flipping a house is not about buy a house on its knees doing little or no renovations and making big bucks. This is irresponsibility.

When people refer to “flipping houses”, many are referring to the process of buying deeply distressed properties at auction, from foreclosure or bank short sales at a deep discount, then quickly “flipping” (selling) that property to a homeowner without much in the way of renovations. Although this kind of house flipping is popular and potentially lucrative, this not the kind of house flipping we are referring to here.

That kind of “flipping” relies on quick sales and even quicker profits. Unfortunately at the same time, this kind of “flipping” has given the real estate investing industry a bit of a black eye in the process. Not only is that kind of flipping oftentimes irresponsible (reason #1 not to do it), but there is also less profit in it than traditional buy, renovate and flip style of house flipping.

Sourced from:https://www.biggerpockets.com/renewsblog/2013/01/27/flipping-houses-for-profit/

House flipping has been done for decades however the greed and greed has ended failing many. For one to indulge in a successful house flipping business they need to go back to the basic and avoid the mistakes being made currently like not having enough finance.

Not Enough Money

Dabbling in real estate is an expensive proposition. The first expense is the property acquisition cost. While low/no money down financing claims abound, finding these deals from a legitimate vendor is easier said than done. Also, if you’re financing the acquisition, that means you’re paying interest. Although the interest on borrowed money is tax deductible, it is not a 100% deduction. Every dollar spent on interest adds to the amount you will need to earn on the sale just to break even.

Paying cash eliminates the interest, but even then, there are property holding costs, such as taxes and utilities. Renovation costs must also be factored in. If you plan to fix the house up and sell it for a profit, the sale price must exceed the combined cost of acquisition, the cost of holding the property and the cost of renovations. Even if you manage to overcome these hurdles, don’t forget about capital gains taxes, which will chip away at your profit. (To learn more, read 4 Types of Home Renovation: Which Ones Boost Value?)

Sourced from:http://www.investopedia.com/articles/mortgages-real-estate/08/house-flip.asp

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