Flipping Houses, Flipping Homes for Quick Cash
by: Mike Collins
First, right off the bat, off let?s tackle the ?Is flipping houses illegal?? question. Flipping homes or flipping anything for that matter, real estate or otherwise, is perfectly legal. The term has recently been used in the main stream media to describe what is essentially mortgage fraud. In a mortgage fraud scheme multiple people collude to inflate and falsify appraisals, doctor and falsify loan applications, invent fake people etc. That is definitely illegal and can get you serious jail time. But here?s the thing I could never understand?.you can only do that once or twice and then, even if you get away with it up front, you are a fugitive for the rest of your life! Is one big check worth that?
Real, honest flipping is defined generally as one person finding an undervalued opportunity in real estate and getting that property under contract to purchase it. He or she then sells or ?assigns? that contract -- for a fee-- to another investor and that person actually closes on the property. The person buying the property usually does not even need a mortgage ? they just write check. It?s really a pretty symbiotic relationship. Finding great deals takes time and people with money and the resources to fix properties don?t usually have lots of that. People who are interested in getting involved in the business usually have lots of time so they do the leg work to find the house. Also people, like me, who dislike the management of crews and the time consuming work of a rehab project prefer to be the wholesalers and to make a business of it. I actually prefer the term ?wholesaling houses? to flipping. All business have wholesalers in the distribution chain, this is no different.
For over seventeen years now I?ve felt like a kid on a treasure hunt every morning. My job is to dig up the gold, to find the diamonds in the rough.. This the only really high paying profession I know of that you can start with just a small amount of education and mentorship and a little bit of guts. A profession where you make your own hours and YOU determine how much money you?re going to make.
I?m often asked ?how do you find all those great deals, Mike??
Finding undervalued houses is not rocket science. I call it ?reverse sales?. By reverse I mean you aren?t selling something you?re buying it but most of the same principles apply. You need to prospect or create a steady stream of sellers to talk to. Now like the new salesman you can start by knocking on doors and cold calling or you can work the smart way. You can advertise to find home sellers motivated to sell now!
Advertising driven wholesaling is changing the face of the real estate investing business very rapidly. Large companies like the huge HomeVestors, small mom and pops and smart individuals are all advertising to buy houses. Advertising works, plain and simple, you see bandits signs, billboards, television and radio spots and of course the ads in the newspapers.
What the new or inexperienced wholesaler does not know yet is the term or concept of ROI, that?s return on investment. The phone will ring but is it cost effective? Are you keeping track of what it costs you to buy each deal? Do you know which method is producing the best returns for your invested dollar? Study marketing not real estate.
The business of finding undervalued deals is changing so fast that almost no one can keep up. Don?t be left behind. The advertising driven, ROI business model is taking over the once private, very localized business of flipping houses. Big, organized companies are now getting involved because there are big profits to be had. Don?t be under the misconception that you need lots of money to start. I started with hand written signs on telephone poles and three line ads in tiny local papers ? very inexpensive.
Get in the business now and stake claim to your niche in your town. What other business can you earn fees of $3,000, $5,000, $10,000 or more for a few hours work driving around looking at houses?
About The Author
Mike Collins is the CEO and founder of http://RehabList.com/ ? a nationwide marketplace for undervalued deals in real estate. If you would like to find a handyman special in you area or list one you are trying to sell visit us at http://RehabList.com/ listing a property and searching for one to buy are both FREE. We are also searching for Local Partners to work with us in each county nationwide. Mike has been wholesaling houses full time for over 17 years. He loves to teach others the business of wholesaling houses.
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Using Palladium in White Gold Jewelry Means No More Allergic Reactions
Using Palladium in White Gold Jewelry Means No More Allergic Reactions
by: Jill Renee
White gold jewelry (http://www.danforthdiamond.com/jewelry/index.php) can cause allergic reactions in some people. This is due to the fact that the majority of white gold jewelry is manufactured using alloys containing nickel as the bleaching agent and a percentage of the population is allergic to nickel. For these individuals, contact with nickel can result in dermatological problems that range from a mild skin rash to severe open sores and permanent scaring. In Europe, there are laws governing the use of nickel in jewelry. The European law is known as "The Nickel Directive" and states that no nickel can be used in a material that sits in an open wound, such as after piercing, until healing is complete.
What is a jewelry buyer to do when faced with this information? First of all relax,...
Using Palladium in White Gold Jewelry Means No More Allergic Reactions
Gold ring > Using Palladium in White Gold Jewelry Means No More Allergic Reactions
The REAL International Gold Standard: The Leadership Talk
The REAL International Gold Standard: The Leadership Talk
by: Brent Filson
Summary: The global economy has been a fact of life for decades now.
But the author asserts that most leaders don't understand the right kind of leadership to propel those organizations to great global success.
Here is a blue print on how to make your leadership truly effective on an international basis.
Working with thousands of leaders during the past 21 years in the global economy, I have found that most of them don't have a clue.
They may know to some extent how to do business on a global level.
But to exert the right kind of leadership on that level eludes them; so when I first meet them, they're usually getting the wrong results or the right results in the wrong ways.
Of course, there are many successful global companies and leaders, but my experiences teach that they are successful not because of but in spite...
The REAL International Gold Standard: The Leadership Talk
Gold ring > The REAL International Gold Standard: The Leadership Talk
Making Sense of Diamond Grading Specs!
Making Sense of Diamond Grading Specs!
by: Keith Thompson
Anyone wanting to make an informed purchase of diamond jewelry needs at least a cursory understanding of the Four C's. These are the standards by which diamonds are graded, and ultimately determine their value. They are Cut, Color, Clarity and Carat weight. What follows is a brief description to acquaint diamond shoppers with these essential benchmarks.
CARAT WEIGHT - Contrary to popular belief, a large stone alone does not a valuable diamond make! While bigger can be better, it's not the only factor. All the other C's carry as much weight in the end, and be sure to use the size as a factor, though not necessarily a determining one. A carat is actually a measurement of weight, not size, equal to 200 Milligrams.
COLOR - The less color the better. In other words, everything else being equal, a colorless diamond will be much more valuable. Diamonds range in color from colorless to...
Making Sense of Diamond Grading Specs!
Gold ring > Making Sense of Diamond Grading Specs!
How To Get Rich ONE Site At A Time!
How To Get Rich ONE Site At A Time!
by: Dan Lok
Are you fickle?
(Do you even know what "fickle" is?)
According to Merriam-Webster Online, "fickle" is defined as "given to erratic changeableness."
And when it comes to website success? If you're fickle, you're in a pickle!
One of the biggest problems that crops up with my clients is that they always to seem to be too focused on the *NEXT* "big thing"?long before they've perfected the science of their *CURRENT* big thing -- their existing website.
As an entrepreneur, you should always be on the lookout for the next new ideas, the next challenges, the next possibility for success?but don't be fickle!
Clients say to me, ?Dan, what am I doing wrong?
I've got 8 or 9 websites up right now and I am starting 3 more this month.
But I don?t know why am I not making much money with any ONE of them."
Wake up and smell the coffee, you Fickle...
How To Get Rich ONE Site At A Time!
Gold ring > How To Get Rich ONE Site At A Time!
Music to Your Eyes: Diamond and Sapphire Engagement Rings
Music to Your Eyes: Diamond and Sapphire Engagement Rings
by: Taylor Henry
Sonny and Cher, Fred and Ginger, chocolate and peanut butter...some things are just meant to go together. And diamonds and sapphires are no exception. With so many choices, a diamond and sapphire engagement and wedding ring set can go down in your personal history with as much romance and excitement as Antony and Cleopatra...with a much happier ending, of course!
No need for the blues, with sapphires you can branch out into a variety of melodies. While sapphires are usually associated with the deep blue only a sapphire can exude, sapphires cover a large portion of the rainbow from purples to reds to oranges and yellows. Imagine the glitz and glitter of a brilliant white diamond surrounded by a sparkling ruby sapphire...there's something you'll enjoy looking at for years to come! And if you love the idea of a colored diamond, such as a pink or yellow, you can find the...
Music to Your Eyes: Diamond and Sapphire Engagement Rings
Gold ring > Music to Your Eyes: Diamond and Sapphire Engagement Rings
Benefits of Chair Yoga ? Part 1
Benefits of Chair Yoga ? Part 1
by: Paul M. Jerard Jr.
In comparison to many forms of exercise, the benefits of Chair Yoga far outweigh the risks. The therapeutic exercises work the body, from head to toes, to the best of any client?s ability.
Therefore, the method used, addresses the whole body in a single routine. This is an amazing feat, for a low-impact exercise program, where the average session lasts 45 to 60 minutes. The following information will...
Benefits of Chair Yoga ? Part 1 puppy training Gold ring Flipping Houses, Flipping Homes for Quick Cash
Gold ring > Benefits of Chair Yoga ? Part 1
oil prices Gold ring Flipping Houses, Flipping Homes for Quick Cash
Designer Handbags for Rent
Designer Handbags for Rent
by: Cathy Feldman
I was surfing the net the other day, and came across an article that left me flabbergasted. As you all likely know by now, I am a designer handbag fanatic. There have been months where I have seriously considered bouncing my rent check in order to buy a purse I simply could not do without. Who am I kidding? I have bounced my rent to buy a new handbag! And I would likely do it again.
Well, it appears that...
handbags Designer Handbags for Rent Gold ring
Gold ring > Designer Handbags for Rent
25 Christmas Stocking Filler Ideas For Your Teenage Girl
25 Christmas Stocking Filler Ideas For Your Teenage Girl
by: Emily Goodwin
You may think that Christmas stocking fillers for teenage girls will be expensive but they don?t have to be.
Save the DVD?S and CD?S to go under the Christmas tree and use this list as a starting point for buying smaller treats and necessities for her stocking.
Remember that a lot of the items you would have to buy anyway (or get talked into buying!) so by adding them as small...
cosmetics 25 Christmas Stocking Filler Ideas For Your Teenage Girl
Gold ring > 25 Christmas Stocking Filler Ideas For Your Teenage Girl
Staying Mobile - Replacing Your Cell Phone Battery
Staying Mobile - Replacing Your Cell Phone Battery
by: Eric Comforth
There are several cell phone replacement battery choices on the market, some better than others. Here we will explore a few of the options out there.
Basically, there are four different types of cell phone battery:
? Nickel Cadmium Batteries (NiCd): These are the oldest type of cell phone battery. To counter the problem of ?memory effect? which lessens the life of the battery, they...
batteries
Gold ring > Staying Mobile - Replacing Your Cell Phone Battery