Real Estate Bargains and Deals - Fixing and Flipping Property

Real Estate Bargains and Deals

Fixing and Flipping Property

The phoenix that has risen from the ashes of the foreclosure disaster is the real estate game of chicken called fixing and flipping. The idea is to buy a house that needs some cosmetic alterations for little or nothing then selling it for a lot. The house can be foreclosed property, property purchased through an auction, or property that's available because taxes are owed on it. The savy investor buys the property, then makes the needed repairs and puts it back on the market selling it for more than it was purchased for. Creative staging that shows off the house's best attributes are an important part of the fix and flip strategy. If the house sells , the investor is able to recoup what he put in the initial purchase and come away with a profit.

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