Turn Flat Stocks/Cash To A 20% ROI By FLIPPING HOMES
If you could buy a car that you know is worth $20,000 for $10,000 would you do it? I most certainly would. That is exactly what is happening with some of the houses for sale right now in our area. Some of these bank owned homes can be bought for half of their retail value. It does not take a rocket surgeon to see the value in that.
It is not exactly that simple. The homes generally need repairs and upgrades, but if you buy it for half its value then you have plenty of room to make the improvements needed and still turn a good profit. If you are not a craftsman, don’t worry, there are plenty of professionals out there that can assist you with the improvements, myself included. You can click here to see before and after photos of some of my most recent projects at http://www.facebook.com/PrecisionCustomHomes.
If you have cash sitting in the stock market that has remained flat, take it out and put it to work. If you have cash in CD’s or sitting in an account that is making you 2% (if you are lucky), take it out and put it to work. If you are fortunate enough to have equity in your home, look into a HELOC (Home Equity Line of Credit) and put the equity to work.
If you have any interest in learning more about what kind of money you can make, how these deals work, or what homes are available, send me an email or call me. My email is [email protected]. My phone number is 479-640-8375.
[…] The interest rates are low and the properties are cheap. If you already own a home then you might consider a bank owned property as a rental. The rental market is extremely strong due to credit issues caused by so many people losing their […]