Tag Archives: mortgage payments

Why Bankruptcy?

2 Replies

by Mark Klee & Caryn McKinney

Answer #1: Niche Marketing = Less Competition and Greater Profits. As a real estate investor, perhaps you’ve figured out how easy it is to be unfocused in the real estate investment business. That being the case, my partner, Mark Klee, and I want to help you understand the incredible profits available to you by doing business in a NICHE market – particularly one that MOST investors are afraid to go after – bankruptcies. It’s not brain surgery to realize that any market with less competition will also offer you greater opportunities for amazing profits!

You should also realize that if you’re NOT in a niche market, you’re fighting all the other investors for the same FSBOs, MLS listings, and wholesale deals from whatever resources you have. So why not at least check out this bankruptcy niche that most investors are, indeed, afraid to tackle?

Answer #2: Market conditions are ideal Check out the following basic facts on our current market conditions and you’ll start to see how ideally the stage is set to work with quality bankruptcy leads.

  • In many areas of the country, investors are finding greater competition for fewer deals.
    Continue reading →

Flipping Homes, House Flipping: What’s The Deal?

1 Reply

Flipping Homes… Flipping Houses… What is everyone flipping over?

In the past five years, you’ve obviously heard the buzz surrounding flipping homes. There’s a new TV show popping up weekly, it seems. And it’s hardly even possible to keep track of them all these days.

But, what’s the real scoop behind all the “flipping houses” buzz? And is it right for you?

In this article, we’re going to dispel some of the myths surrounding flipping homes and also give you the steps in case you want to jump in. First off… the term “flipping houses” often refers to two different things:

  1. Wholesaling, also known as “assigning the contract,” is when you simply put a property under contract and “sell” the contract to someone else, usually another investor.
  2. Retailing, or “rehabbing” is when you actually buy the house you are going to flip, do the repairs, and then sell the house, usually to an end buyer, or homeowner.

On TV, they’re showing the latter: buy-fix-sell.

There is a lot of money to be made flipping houses, but if you don’t do it right, you can also LOSE a lot of money. What you don’t see on the television show is how they find their properties, how much it costs to acquire the properties and, in most cases, the profit. It’s funny how these programs very rarely tell you HOW MUCH the person REALLY made from the deal (not the gross profits, but what they put in the bank after all is said and done). Continue reading →