Real House Flipping

713 Words3 Pages
When it comes to making money from real estate, there’s more than the most common way of simply buying a house. In fact, real estate investing grown extensively in popularity over the last half-century. If you’re considering real estate investing, here are five different ways to make money from purchasing properties. House Flipping House flipping, also called “fix it and flip it” or “fix and flips,” entails real estate investors purchasing homes and then reselling them for a profit after they’ve been fixed up. These homes are often bought at auctions. You can make a considerable amount of money from house flipping. On the other hand, you can easily lose a lot of money by making poor decisions. Getting started entails having cash, which you’ll need for a down payment. The advantage of paying with cash is not having to pay PMI (private mortgage insurance) on having a second mortgage.…show more content…
The advantage of short-term rentals is that landlords aren’t bound by drawn- out, long contractual requirements. If you get undesirable tenants, it’s much easier to get rid of them nder a month-written notice, rather than an expensive eviction procedure that lasts much longer. Also, as a landlord, you can adjust the terms of your least agreement monthly, provided you notify your tenants. Before embarking on this venture, check your local zoning laws to ensure that it’s legal. Also check for possible hotel taxes that are required to be charged as you’re operating a business. Long-term
Open Document