Читать книгу Flipping Houses For Dummies - Ralph R. Roberts - Страница 34

Flipping a house generally involves buying it, fixing it, and then selling it, but you can profit from this overall process in various ways — depending on how involved you want to be in each of these three progressive steps:

 Do it all yourself. Casual flippers often do it all (or mostly) by themselves — buying the property with their own money (or a conventional loan), completing most of the repairs (and hiring professionals to do anything beyond their level of expertise), and listing the home. Maybe these flippers have a real estate agent help them navigate the buying-and-selling process. This approach may be the most profitable, especially if you live in the home you’re flipping. Making all the repairs yourself isn’t necessarily the most profitable approach. If you take a long time to complete the repairs, holding costs (interest, insurance, utilities, maintenance, and so on) can eat away your profits.

 Delegate the heavy lifting. Experienced flippers often delegate most or all of the work, buying and selling properties through an agent and hiring a contractor to coordinate the repairs and renovations. Sometimes, experienced flippers play the role of contractor, hiring subcontractors (electricians, plumbers, painters, and others) to do the work. Hiring out the work increases repair and renovation expenses, but it can speed the process and reduce holding costs.

 Put up the money. If you have money to invest and don’t want to get your hands dirty, you can loan money to people who are willing to do all the work and charge them interest. Or, you can partner with a flipper for a percentage of the profits (assuming that the flip generates a profit).

 Bird-dog it. Bird-dogging (also referred to as wholesaling) involves buying and selling contracts. You’re a treasure hunter, finding properties and contracting with sellers to buy the properties for an agreed-on price. Then you sell the contract to a house flipper for a finder’s fee. You never take possession of the property or make any repairs — you’re just a go-between. See the later section “Flip contracts (or do it all on paper)” for details.