Here’s another article that expresses my same thoughts. What a wonderful market to be flipping houses!  Now, if you’re a newbie to the market, you have to make sure to stay on top of your numbers. Plan on fixing up the property to be the nicest in the area, for the cheapest price. Which means, plan on listing it BELOW MARKET VALUE to have a chance at selling. It can be done, I’m doing it, as well as many of my clients.

Here’s an excerpt-

So how do we make money? The short answer is that we need to return to value investing. Gone are the days of buy high and sell higher, the music has definitely stopped in that game. A value investor will make his money when he buys, he doesn’t acquire property in the expectation that the price is going to appreciate. Making your money when you buy simply means that you buy a property that has a lot of potential equity. To do this you need to locate a motivated seller, someone trying to dispose of a distressed property will usually be highly motivated in this market. 

Stay tuned as I will be posting details of deals I am doing, or, am passing over to some of my clients for big profits…