Property Flipping Sedona AZ

One of the hottest money making ideas in the U.S. today is property flipping for profit. Basically, the objective is to buy a property, fix it up and sell for a profit as quickly as possible. The big challenge is to purchase a house for an affordable price, spend a budgeted amount of money to fix it up to maximize attractiveness, and then place it on the market at a price that will allow you to make a profit. Some of the bigger mistakes people make are not accounting for certain expense items and other assumptions.

Re/Max Sedona
(928) 282-4166
2290 W State Rt 89 A
Sedona, AZ
 
Seven Canyons
(928) 203-2000
755 Golf Club Way
Sedona, AZ
 
Rick Wesselhoff - Coldwell Banker
(928) 301-2622
195 W State Route
Sedona, AZ
 
Red Rock Realty Vacation Home Rentals
(928) 282-9199
560 Panorama
Sedona, AZ
 
Barbara Mirza - Russ Lyon / Sothebys
(928) 300-3002
1370 W State Route 89A
Sedona, AZ
 
Candace Walters Dolan & Rex Mazonowicz
(928) 300-6636
35 Hillside
Sedona, AZ
 
Arroyo Roble Resort
(928) 282-7777
100 Arroyo Roble
Sedona, AZ
 
Cindy Newton - Coldwell Banker
(928) 340-5041
2165 Sanborn Dr
Sedona, AZ
 
Desert Mountain Brokers
(928) 204-5995
441 Forest Rd Ste
Sedona, AZ
 
Ray & Pat Jegge - Coldwell Banker
(928) 340-5055
265 Panorama Blvd
Sedona, AZ
 

Property Flipping

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One of the hottest money making ideas in the U.S. today is property flipping for profit. Basically, the objective is to buy a property, fix it up and sell for a profit as quickly as possible. The big challenge is to purchase a house for an affordable price, spend a budgeted amount of money to fix it up to maximize attractiveness, and then place it on the market at a price that will allow you to make a profit. Some of the bigger mistakes people make are not accounting for certain expense items and other assumptions. Things like:

    1. Assuming they are guaranteed a profit-this simply isn't true.

    2. Exceeding their budget for fix up- this is common, especially when people are excited about finding a property with potential and look past obvious problems in their excitement to "do a deal".

    3. Unforeseen problems that exist with the home they bought. All too often properties are "cosmetically" fixed up to hide bigger problems. If you are a buyer, look out! An uninformed buyer can find that they bought more trouble than they anticipated and actually lose money on a transaction.

    4. How long it will take to sell the property. Every month that goes by is an expense to a property investor. There are mortgage payments, insurance costs, utilities and other expenses. Plan on having those costs for an extended period. If you sell it faster, good for you! If not, at least you have accounted for the long sales cycle.

    5. Real estate commissions they often have to pay. These commissions and fees can often amount to 8% or more of the price of the home....

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