Successful real estate flipping requires experience and understanding of the current market.  People who are experienced in this specialty:

  • …know the local real market inside and out.  They keep an ear to the ground for subtle fluctuations in market supply and demand, the economy, changing interest rates, tax changes, and zoning or annexation long-range plans.
  • …can call on a wide and diverse professional network of REALTOR®, real estate attorneys, tax consultants, home inspectors, reliable and affordable contractor.
  • …maintain cash or an easily accessible line of credit ready to move quickly on a sales contract as well as a cushion of cash for the lean times when property does not resell as quickly as anticipated – or costs of fixing the property exceed preliminary estimates.

Most of all, they have a knack for spotting potential “flippable” properties and a realistic view about the risks of flipping as well as the rewards.  This isn’t instinct – its experience, combined with an understanding of how to find a home that can be bought, improved, and quickly resold.  This isn’t a skill-set that can be “bought” from a late night infomercial, but one that can only be learned through experience.

 

Contact Infinity Realty Guam today for the real estate company that will provide quality service you deserve.  (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.