Flipping Real Estate: Is It The Right Way To Get Started?

Looking to invest in real estate in St Louis Mo, but still contemplating on real estate flipping? Go on the internet and you’ll find lots of articles on real estate flipping outlining the revenue you stand to earn if you choose to flip that house. In truth, you can make a living flipping but these articles make it look easier.

But first, is flipping real? Of course, it is. Lots of people are making good money flipping home. So is flipping an ideal option for beginners in St Louis real estate today? That’s your decision to make. However, given the market today, flipping real estate in St Louis will get you to a bad start especially for newcomers. But that does not dispute the fact that it is highly profitable.

Here’s why:

Basically, there are two kinds of flipping

• The Fix and Flip – Where you buy house St Louis, fix it and sell it to a retail buyer
• The Wholesale Flip – Where you buy real estate in St Louis, contact a wholesale buyer and seal the deal. This kind of flipping is highly profitable and less risky.

All in all, the Fix and Flip is not a perfect option for a novice in the Saint Louis real estate business. This is because

• You need to know the exact amount required for fixing
• You must be sound financially. If your personal savings can’t cover the expenses, you can go to a private lender or a bank.
• You must be ready to foot the cost of carrying in case the property stays on the market for longer.
• There are less retail buyers on the market.

Fact is there are many people in St Louis making a good living flipping, but majority started several years back, hence they have a perfect understanding of the market. Not only that, they know just how to source for buyers. Does that mean you can’t make it big too? Of course, you can.

Good news is there are incredible ways to get off to a good start when investing in real estate in St Louis MO. These methods will allow you learn the nitty gritty associated with the flipping business.

Of the two kinds of flipping, the Wholesale Flip is perhaps the best way to get started, particularly if you want to minimize risk. By wholesaling real estate in St Louis, you’ve done everything a flipping would normally do

Basically, as a wholesaler, you can find properties that need rehab, purchase them for less and flip them for a fee to a rehabber. Once done, both you and the rehabber who will do the work will make good profits in the end. Often times, Saint Louis real estate investor will make between $2,000 and $15,000 per wholesale deal. Indeed it is a great way to make huge profit and minimize risk

In addition, you become knowledgeable about what it takes to be a rehabber. After consulting with lots of rehabbers to know what they are looking for…..then you’ll be better informed on what a good deal is, as well as whom the rehabbers contract for work. You are not only making cool cash but also increasing your knowledge of real estate flipping and rehabbing