Posts Tagged: Flipping
In my last post I talked about real estate market in Woodbridge Virginia and how it has evolved over the past ten years from a dead zone into a highly competitive market of investors and retail buyers. In order to get the deals in the market you have to pound the pavement. One of the…Read More
Finding great real estate deals in the Northern Virginia area is pretty tough these days. I buy houses all around the Washington DC area but there are some towns I like in particular. One of those areas is Woodbridge Virginia in Prince William County. Woodbridge is still reasonably priced (comparatively) and it provides several commuting…Read More
Just a quick little Friday post to tell you about this house I bought in Jacksonville North Carolina. That’s right, North Carolina. It is just outside Camp Lejeune Marine Corps base. It’s a little town in the South East region of the State. The house itself is less than 800 square feet. It has 2…Read More
So you’re considering selling your home in Fairfax, Woodbridge, Alexandria or any other area of Northern Virginia? Why not? It’s shaping up to be a hot seller’s market and really, how many more of these can we expect with interest rates heading up and home prices already passing 7 times annual household incomes for many…Read More
In real estate, you make your money when you buy. It’s a common phrase in the business and no truer words have been spoken. Let that sink in. You make your money when you buy the property. Not when you sell. If you don’t buy the property right, at the right price and or terms…Read More
House prices are going. Construction prices are going up while quality work is harder to find. More competition from newbie real estate investors. This all makes the D.C. area less attractive and more risky for House Flippers.Read More
Newbie real estate investor try’s his hand at house flipping in the D.C. Metro Area & learns some tough lessons.Read More
Sure anyone can flip a home but not without the proper resources.
To get started you need:
1-Money.. but not necessarily your own money.
2-Real Estate Knowledge… at least the basics.
3-Team of Experts to fill in the gaps. No one knows it all.
4-Courage. You need big brass balls if you’re going to jump neck deep into this business.
Many people dream of building their own home. If your dream is to build yours in Arlington County then you need to be very careful in your planning, budgeting and team selection to avoid some of the snags I encountered. Of all the places in the Washington area where I’ve renovated homes or built homes,…Read More