Wednesday, October 16, 2024 / by Matthew Daniel Tamburello
HomeBuyers & Investor: How To Start Flipping Homes!
Matthew Daniel Tamburello
Team Leader & Broker/Owner
Trinity Real Estate Consultants
647-697-6743
matthew@searchhomesingta.com
With the recent growth in the real estate market, more and more people are looking into flipping homes. You might be wondering what do you mean by flipping houses? For this article, here is how we will be defining flipping homes.
Flipping homes happens when a real estate investor buys a home and then later sells the house for a profit. For this to be considered a flip, an investor must be purchasing the home intending to resell this home quickly. Usually, the amount of time that passes after buying a home, flipping it and selling it might range from a few months to a year. You must understand that there are usually two different ways of flipping a home.
The first type of flipping houses happens when an investor buys a home that they believe whose value will increase once they repair and add upgrades. They think that will make the home m. ...