If this is your first foray with this, you will want to weigh your options as far as how you will purchase your initial property. Not a lot of people have the entire amount up front to purchase the property with cash. So, instead of saving, some people will go ahead and get a loan in order to get started. Some experts say that it is better to wait and save your money first. This way, the monthly income that comes in will go to you instead of the lender. You will also be able to build wealth quicker by paying the entire amount in cash. However, it is still possible that a bank will loan you the money you need in order to get the property. If you go this route, make sure that you have some backup funds in the event you get in a financial rut. At least you will still be able to pay on the loan. Of course, the better situation is to have all of the money up front and pay cash outright for it. After that, you would only be responsible for repairs, maintenance, taxes and other miscellaneous items.

When considering a property for investment purposes, you will need to know how much it will cost you in taxes. Every year, you will have to do this or you could find yourself with a lien on your home. In addition to that, you will need to determine a monthly rent amount for whoever you allow to stay there. Some investors will go through a rental or management company to get their rent. This can release some of the duties from your schedule. On the other hand, you will have to shell out more money to the company for outsourcing. Only when you are financially able, should you do this. As a beginner investor, you should be responsible for collecting the rent and other fees as deemed appropriate.

 This extension will continue to allow borrowers to use FHA-insured financing for the purchase of properties that have been owned by the seller for less than 90-days, meeting the same conditions as previously permitted by FHA.

• In cases in which the sales price of the property is 20 percent or more above the seller’s acquisition cost, the Waiver will only apply if the lender meets specific conditions and documents the justification for the increase in value. This typically means a second appraisal and home inspection.

This is great because it still encouranges investors to buy homes and fix them up creating more inventory that is fixed up and can be closed on without doing a short sale.

Even though the real estate market rises and falls, there are still many benefits to being in real estate. You can expect that if something happens that causes the real estate to lower, it will eventually come back up. There is always a need for housing and people are always moving into different locations. No matter what type of real estate you are investing in, you can expect that someone will have the need to live on the property. Because real estate is part of the basic needs of individuals, it can be expected that someone will always be looking, and others will always be selling.

One of the advantages of real estate that gives it more stability is that no matter what the economy, there will always be real estate selling. It can be expected that if the market is bad, individuals will be working towards selling their homes to move somewhere more substantial. If the economy is good, then individuals will be looking into buying homes that can offer more. This helps to keep real estate as one of the stable markets among businesses.

If you aren’t certain about investing in real estate, you don’t need to look any further than the economy and how the fluctuation is always to the advantage of those owning property. No matter what the circumstances, individuals are always looking for a place to live. If you want to make sure that you are part of the trends in the market place, then investing in real estate is a certain way to keep stable income.

Here is one of our latest flips in the conway area located in Orlando Florida. We purchased this bank owned foreclosure for $70,600 and sold for $149,900. This flip was only on the market one day and closed on time. We updated everything inside, doubled the size of the master bath, cleaned up the pool and replaced the A/C system. Both conway homes we rehabbed in the last couple months sold really fast and near full asking price. For us the conway area has been just as hot as the downtown Orlando area and college park. We have 3 of our current flips under contract now and the market seems to be very stable right now for flipping homes. Our other 3 homes under contract are located in Winter Park (Miller ave), Downtown Orlando (Pinecrest) and Casselberry (Coldwater). Check out our wholesale properties and give us a call. We are a full service investment company that can take you from start to finish.

Here is the before and after video of our latest flip in Oviedo Florida. This home was an estate sale purchase that we bought from another local wholesaler. This flip took about 1 month to complete and $30,000 to complete. Check out the video to see the tranformation.

The Milford Estate flip is all finished and on the market. Bruce from Canada did an amazing job on this house and created 800 sqft of living space. This is a very unique home sitting on 1 acre in a country like setting. Bruce changed the exterior look of the property by adding a front porch and 2 car garage. Check out the before and after video to see for yourself.

Here is the complete rehab video from start to finish on our latest flip in Winter Park Florida. This home is now on the market at $114,500 and the repairs were just under 25k. Most of our properties are Bank owned, short sales or pre foreclosure. This home was purchased through an estate sale and the closing went smooth.Check back soon to see our property on Jan dr that will be complete this week and up on the website the following week.

Check out our Mt Vernon flip video. This video shows the transformation from start to finish. This flip was purchased at $80,000, $45,000 in repairs and now under contract at $183,000. Only 2 days on the market!