In today’s podcast I want to take a moment and share my appreciation for you coming in and listening to what I’ve got to say. I want to keep this one relatively short and sweet and straight to the point. Let’s jump right in and get to what matters most.
Today we are here talking about flipping houses in today’s market and there a couple of things that I think a lot of people don’t realize. One of them is that you don’t need a whole lot of money to flip houses.
The other one is it you don’t have to actually purchase the property in order to do so.
Now obviously there are a lot of different things that can be done in the world real estate investing, one of them being investing with a company like mine or anybody else out there who is in a similar business even with a small amount of money.
Or even a large amount of money but most people struggle with the fact that they don’t have enough capital to purchase a property themselves so they invest with a a partner or with another company that does something similar to a business model such as mine where we purchase single family homes and small multi units, renovate them and then resell them on the marketplace by going to the MLS.
In today’s podcast I want to talk a little bit of realities of being able to get into the business without actually needing a ton of capital.
While you will need a little bit of money for marketing and possibly earnest money deposits it’s not going to be tens of thousands or even hundreds of thousands of dollars so ultimately the real question comes down to which game do you want to play?
Do you want to get into the wholesaling arena where you’re able to get out there and purchase properties by getting them under contract and then flipping the contract effectively to an end buyer, another investor and keeping the difference in the middle? OR do you want to start rehabbing?
Buying, building and retailing for top dollar? Well… have a listen to the podcast and maybe it will shed some light on both possibilities for you!
Thanks and I’ll talk with you soon.
About the Author: I’m Michael Kevorkian and I am a real estate broker and investor in the Chicago area. I own New Market Realty Inc. a residential real estate investment brokerage in the Wicker Park neighborhood. My blog is here to help spread the word and love for real estate to all who care to know more. Realtors & investors alike, if it’s real estate and it’s good… You can bet I’ll get it on my website to share the awesomeness with you! You can follow me on Google+, Twitter, and Facebook.
Copyright 2016 – All Rights Reserved
The Blackacre Group LLC
1200 N Ashland Ave #403
Chicago IL 60622
Real Estate Brokered By: New Market Realty Inc. Realtor – Equal Housing Opportunity