Lou Milard offers the following royalty-free article for you to publish online or in print. Feel free to use this article in your newsletter, website, ezine, blog, or forum. ----------- PUBLICATION GUIDELINES - You have permission to publish this article for free providing the "About the Author" box is included in its entirety. - Do not post/reprint this article in any site or publication that contains hate, violence, porn, warez, or supports illegal activity. - Do not use this article in violation of the US CAN-SPAM Act. If sent by email, this article must be delivered to opt-in subscribers only. - If you publish this article in a format that supports linking, please ensure that all URLs and email addresses are active links. - Please send a copy of the publication, or an email indicating the URL to [email protected] - Article Marketer (www.ArticleMarketer.com) has distributed this article on behalf of the author. Article Marketer does not own this article, please respect the author's copyright and publication guidelines. If you do not agree to these terms, please do not use this article. ----------- Article Title: 5 Tips For Success on Your First Real Estate Flip Author: Lou Milard Category: Real Estate, Investing, Wealth Building Word Count: 623 Keywords: real estate investing,house flip,home flip,home rehab,house rehab,real estate flip,flipping homes Author's Email Address: [email protected] Article Source: http://www.articlemarketer.com ------------------ ARTICLE START ------------------
Whenever something new comes into your life, it can be slightly intimidating, regardless of what it is. This is also true for flipping houses. It's not uncommon to feel nervous or apprehensive when you're making your first flip. The reality is this feeling will be common for several flips until you get comfortable enough with the entire process. The majority of people fail to make any real money on the first flip, chalking it up to a learning experience. When they get to their next flip, they have an idea of what to do and not to do during the process and have a positive attitude that things will be better. If you want to steer clear of those pricey mistakes made by novice flippers, then it's time to know the five ABCs of flipping houses tips. ABCs Of Flipping Houses - Five Tips To Help You Make Money The First Time Out Tip 1 - Get An Appraisal Above anything else, get yourself an accurate appraisal on the house you want to flip. Make sure you compare with other homes that are in better condition, similar sizes and style, all in the same neighborhood. You never want to purchase the best home on the block; instead turn your attention to the home that needs a lot of work. You can turn this broken down home into a profit with a little effort. Your appraisal should disclose the home's actual value in comparison to the buying price. Speak to your appraiser about what the home will be worth after the improvements are made. Tip 2 - Be Bold/Act Bold If you want to make an impression, you'll need to make some bold moves. Flipping homes is pretty bold but you don't want to get into too risky of waters just to lose. However, if you play it safe, you'll end up getting burned as well. Don't over finance yourself and safeguard the expenses and budget. After all, the idea is to seize the eye of a potential buyer/owner of your flipping property. Tip 3 - Have A "I Can Do It" Attitude Never undertake house flipping if you don't have the confidence to do it. After all, you must stand up to different people including contractors, vendors and inspectors if you want the best prices on the things you need done. Believe in what you feel but also take the suggestions of those who know better than you about certain aspects of your home. Remember you are spending your money so get the most out of it; don't get taken for a ride. Tip 4 - Stay Focused If you want to see your dream become reality, you need to stay focused. You need to be slightly pigheaded to go through your first flips. However, you need to remember that flipping houses isn't as easy as one makes it sound. It's not the easiest way to make your living but it can be done. Potential flippers are always on the lookout for the one property that will get them the most profit. However, if you've got a home that's just under your skin, you'll have to push yourself to get things done. Tip 5 - Get and Stay Excited Above anything else, you need to be excited about flipping your first piece of property. You need to keep that excitement up even when you get bad news about the house and the costs to deal with it all. Excitement is a great ingredient to have for flipping houses. These five tips are just the beginning of the ABCs of flipping houses and investing in real estate but you get the idea of how the whole idea works. Now all you need to do is apply what you learned and get in the market. Lou Milard is a successful real estate investor who specializes in wholesaling houses. You can learn more about him, and download his FREE report "How To Buy a Wholesale Deal Without Taking a Bath" at http://www.BigProfitPropertyDeals.com ------------------ ARTICLE END ------------------ [Non-text portions of this message have been removed]
