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Surf City Beach House would love to see all their clients "Flip that House," and make some money, but it's not as easy as it appears on TV. Here's a list of few items that need to take place before you even begin a flip:
FINDING A PROPERTY THAT HAS PROFIT POTENTIAL
INVESTIGATING LIENS AND ENCUMBRANCES
COST ANALYSIS OF REPAIRS, FINANCING, TAXES, AND MARKETING
CHAIN OF TITLE REPORT
Investing in real estate is an excellent way to increase your net worth. In a market appreciating at 6.4% per year, real estate would double in value in 11 years. This is consistent with historical patterns. Based on these patterns, if you purchase a $150,000 home now, it would be worth $964,000 in 30 years.
Using historical patterns, what you want to be worth in 11 years is what you want to own today. Those of you who own 2 million in real estate now should be worth that much in 11 years. This can be done is phases.
While many markets are nearing the end of their growth cycle, many markets are just starting their growth now. Investing in the right property in these high growth markets is a wise choice today.
Surf City Beach House can implement the steps necessary to increase the possibility of big returns on your investment. If you'd like to learn more about investment opportunities, give us a call. |
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