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Tips to purchase flip property below market value

Tips to purchase flip property below market value

Business
No matter how many properties an investor buys and flips, each will be met with a new and unique set of challenges and problems. No two houses will offer the same overall experience and no two budgets or timelines will be the same. However, there is one absolute in every single real estate investment. No matter what part of the country, middle-class neighborhood or upscale community; a cosmetic flip or a total rehab there is one skill that every house flipper must master - the art of buying low. In real estate investing, money is made or lost the moment the property is purchased, and not when it is fixed up or renovated. Experienced flippers expect to obtain a property for 25-40% below retail value. The closer to the 40% mark, the more ‘budget cushion’ in the project in case of unfo...