The common definition of real estate flipping is “the practice of acquiring property and reselling it in less than 12 months” – hopefully at a profit.

Real estate flipping has been a hot trend in real estate in recent years.  Flippers often boasted turning profits of thousands of dollars in only a few weeks.  Self-proclaimed experts have written articles on the internet, published books, and appeared on television talk shows praising the benefits of real estate flipping, telling consumers that “anyone can be a flipper” and teaching the tricks-of-the-trade.

Trust us, it isn’t always that easy. Before you get serious about flipping, you should talk with a REALTOR®.  You can learn more about the basics on flipping from a few articles (click below):

Before you enter the high-stakes world of real estate flipping, do your homework.  Flipping real estate is not a get-rich-quick deal.  The key to making a profit in real estate flipping is in finding the right properties to flip, a hot real estate market with high buyer demand, and being able to sell the property at a profit including costs incurred in the transaction.

This is not a market for novice real estate investors.  There are many success stories about real estate flipping, but there are probably more horror stories of flipping gone wrong.  Be aware of both pros and cons associated with real estate flipping before testing the waters.

Contact Infinity Realty Guam today to learn more about quick sales (flipping) to be fully informed and see if this is something that you’re definitely interested in pursuing.  (Click here).

 

DISCLAIMER: This information is provided for general awareness only and is not intended for the purpose of providing legal, accounting, tax advice or consulting of any kind.  Please consult with a professional in their respective expertise for complete details.