••••••>FLIPPING PROPERTIES – A NEW WAY OF GROWTH AND DEVELOPMENT Author: lousie Amith
The flipping property is very popular in United States of America. It is a way of purchase of properties and then reselling it after making a small development or renovation of the property. Usually people earn profits by doing these. This is known as Flipping properties. It is a wholesale contract of the buying and selling of properties. It is really close to real estate investing and policies such as renovation and rehabilitation is done to the properties. The properties are developed and additional accessories are implemented. Thereafter the property is sold to the customer at a higher cost. The profit generated if the income of the real estate investor. In flipping of properties and flipping real estate, the investor eyes for a short term profit. The profit goals are sometimes achieved by fraudulent or unethical practices. The real estate business is always done with legal and ethical means to avoid troubles at a later stage. In this business, the investor buys a plot sold directly by the government at a minimal price. Then the investor develops a house over the property and then sells the property to a customer at three times the cost price. The income of the investor is solely depends on the price sold. The investor then continues this venture. The income of the investor is not fixed. The income is very dependent on the market price of the estate. There are many websites, which provide such services. These websites are however legitimate and can be trusted. These websites feature the properties the customer wants to buy. The customer gets the full detail and specification of the land. The customer can check the land for himself. These websites do all the paper work and the customer needs to pay the funds for the new property. The payment is usually done by cash or credit. The customer has the option of taking bank loan and then buying the properties. In that case, the required paper work and assistance are done by the representative of the service provider. The income of these websites is through the properties sold from their websites. Sometimes various deals are also provided by these websites.
Published on Feb 2, 2011
The flipping property is very popular in United States of America. It is a way of purchase of properties and then reselling it after making...