Tag Archives: homes

Flipping houses for Profit

Flipping houses for profit requires
three simple components. If you’re
just start flipping, you are focus
from generating leads to meeting
with panic home sellers and marketing
properties to wholesalers. After a
while, handling multiple roles will
become exhausting! Professional real estate
investors require training, coaching, field training from
fellow Canadian real estate experts.

Flipping houses for Profit

 

 

 

 

 

 

As your flipping houses for profit
continues to grow, you’ll want to
hire an entourage of experts to help
take most of the responsibilities.
There are several essential components:
acquisitions, due diligence and
assignment of the contract.

Acquiring for pennies on a dollar

Acquisitions simply focus on acquiring
the property at deep discounted price.
Our focus is not only fixer upper
properties but those who are in
panic state who needs cash now.
This is done by generating convertible
leads to an acceptable offer.
Communicating with highly panic home
sellers focusing on their needs is
the key to close more deals.

Flipping houses for Profit

 

 

 

 

 

 

Here are three key skills that
will make you successful in acquiring
real estate deals pennies on a dollar.

1. Analyzing profitable deals for Flipping houses for Profit

You must know how to analyze deals
very quickly. One of the very first
steps to becoming a successful real
estate investor is learning how to
run comps and analyze leads correctly.
Using all the tools available from
tax bill to assessment values can
provide you precise information.
Even a year old appraisal can add
value to determine the current
market value.

2. Building Rapport with Panic Home sellers

Our role as professional real estate
investors is to help panic home sellers
get out of distressful situations.
In order to get our sellers to open up
about these situations, we must genuinely
build rapport. Be careful if you start
appearing to be snake oil salesperson.
Listen carefully and never interrupt while
the panic sellers are blaming others.
Being a great listener will get you more deals.

Flipping houses for Profit

3. Sensing Urgency Motivation

Home sellers will call you to sell their
properties expecting the highest value.
They may not have time and cash in their favor.
How quickly they need to move out will determine
their panic value. If the home owner is
facing foreclosure or eviction within few days,
their exit strategy is timing not the price.

4. Understanding Purchase and Sale Agreements

Purchase and sale agreements are standard
documents. You must have few clauses to protect
you in case you are unable to flip before closing.
Use simple one-page letter of intent for panic sellers.
We highly recommend consulting with a lawyer to
help draft up all paperwork. Standard letter of
intent to purchase real estate, assignment forms
and purchase and sale agreements may require
additional addendum.

Assignment (FLIP) of the contract

Flipping houses for Profit

Once you have a property under contract you
like to flip or assign the agreement to a
cash buyer for a fee. You need to have all
ducks in line and time is in the essence.
Here are three key skills that will make
you successful in flipping houses for profit.

1. Building a Rapport with Cash Buyers

Real estate is all about relationships with
people. Being fully transparent in flipping
houses will get you awesome reputation.
Cash buyers need crystal clear information
of the subject property. They will obtain
an appraisal, home inspection and quote
from general contractors. Cash buyers
must receive the highest amount of
profit in each deal.

2. Magnetic or Blind Marketing

Flipping your property under contract
can be challenge. Co- wholesaling, using
realtors, joint ventures are the best
solutions to assign the property as
soon as possible. Always sell these
properties far below its current
market value. Start building a list of
real estate cash buyers. Join local
REI club to expand your business horizons.

Flipping houses for Profit

 

 

 

 

 

 

Be precise with your approach to the
cash buyers. Keep it very simple and
straight to the point. Let them know
what you paid for it. How much you
want your flip or assignment fee.
What is the current and after repair
market value based upon the facts.
If you happen to have three estimates
from contractors, hand them over.
Cash buyers may not have time to
do basic due diligence.

3. Understanding assignment procedures

It’s critical that you understand various
wholesaling closing strategies
(assignments, double closing,
the simple close) because you’ll need
to communicate them in your purchase
agreements with the investor-buyers
interested in buying your properties.

Understanding assignment (Flip Before closing) process

Assignment forms shall be prepared
by real estate lawyer. Preparing any
kind of contract without legal advice
can be lethal. Ask your lawyer to prepare
and execute non-disclosure non
circumventing agreements.
Cost of legal expenses is far less
than the losses you could have otherwise.

Remain FOCUS on your top priorities

Remain laser focus on putting deep
discounted deals under contracts.
Finding and nurturing healthy business
relationships with fellow investors and
coaches. There will be times when you
must close multiples deals at a time.
You will require help from fellow
investors in form of joint venture
or hard money.
Organization will be critical because
you’ll be handling all of the paperwork
for each and every transaction.
You want to close fast, you must
maintain organization to ensure
each deal is closed properly and in a timely fashion.
Here you have full breakdown of the real
estate flipping houses for profit
right at your fingertips!

High River flood homes listed under $500 in Alberta Government Auction

Assessed at nearly $1 million prior to the 2013 flood,
a High River flood homes could be yours for as little as a few thousand dollars.

High River flood homes

 

 

 

 

 

Prior to the June 2013 flood, the affluent neighborhood
on High River’s west side brimmed with life.
Today the area is a virtual ghost town, its remaining homes boarded up, a rocky levee blocking the road that once connected
the community to the rest of the town south of Calgary.

High River flood homes

A quick scan of the available properties, of which 25 are in and around flood-ravaged High River and another in Sundre, shows a range of housing types, with a handful of rustic rural properties and modest family dwellings mingled with large and well-appointed estate homes.

Most of the properties are in the High River community of Beachwood Estates, an area determined to be in the flood plain of the Highwood River.

Under the province’s Floodway Relocation Program,
some 94 properties were acquired by the province,
which shelled out $92.9 million to displaced homeowners.

High River flood homes

Of those, 54 were slated for demolition with the 26 now up for auction considered salvageable. Another 14 properties, all in High River, are awaiting a decision on their ultimate fate

The bidders could be in for a steal of a real estate deal, with one not-so-small catch. Successful bidders have 160 days from the auction’s
closing to relocate the properties so the province can remediate the flood-impacted land.

Also, the properties are sold as is, though each comes with a thorough structural and environmental assessment by the province

The one stipulation is that each home must be moved off the property within 160 business days of the sale.

All the homes for sale were deemed suitable for relocation,
and they’re being sold on the government’s online auction site.

It’s up you to get it off the lot.

The 26 homes are being sold on the government’s online auction site.

The government bought up the homes to give Albertans
the freedom to relocate to areas that are not in a flood zone.

The bidding closes Feb. 17, 2017

http://surplus.gov.ab.ca/OA/ItemList.aspx?categoryID=47

High River flood homes listed under $500 in Alberta Government Auction

 

Houses in Canada

Professional real estate investors group (PREIG) Canada is helping fellow Canadians in need and we buy houses in Canada for cash with fast closing.We buy houses in Canada to provide instant cash, fast closing to avoid foreclosure, eviction and help fellow Canadians to downsize and move forward.We buy houses

We buy houses in Canada understand the urgency of time and money. We buy houses in Canada will make a written offer for you to review it with your real estate lawyer and get independent legal opinion.

We buy houses in Canada helping fellow Canadians in need now leads from the front when it comes to helping Canadians in and around the area to sell their homes really fast.

 With deep roots and insights in finance and Canadian real estate, we have helped innumerable Canadians to sell their homes without much of hassles whatsoever.

We buy houses in Canada and we are cash home buyers. The reason you want to sell your home for cash and fast is important to us to make sure that you are able to move forward. Together we can come together with win/win solution.

cash4yourhome

We buy house due to Canadian Home owners are facing one of following challenges;

 

Behind mortgage payments

Needs cash now

Bank/Lender refuses to renew mortgage

Demand letter by the bank, pay up or get sued

Avoid eviction orders by court

Missing mortgage payments

Unemployed

Laid off

Property requires renovation

Work orders by city inspectors

Avoid seizure of your property

Behind Taxes with Canada Revenue Agency

Foreclosures

Right to redeem (power of sale/foreclosures)

Non renewable of Mortgage

Fire damage properties

Power of sale

Sell Your House For Cash
Sell Your House For Cash

Tax Sale

Sheriff Sale

Court case

Eviction by Sheriff

Law suits

Expired MLS listings

Divorce

Bankruptcies

Homes in probate

Family problems

Sickness

Poor health

Pay off debts

Accidents

Downsize

Old age

Sellers whose employers transfer them

Owners who are evicting tenantsHouses in Canada   

Vacant homes

Trashed or damaged homes

No-Commission

Fire damaged properties

Estate Sales

Death

Drugs

Grow Op houses

Meth labs

Murder

Stigmatized properties

Flood/wind damage properties

Seized properties

Auctions

 

All paper work approved in writing by the home owners Lawyer FIRST.

What is important is that you are treated fairly with respect and dignity and get out of the situation really fast.Houses in Canada   

With a considerable experience, expertise, knowledge, and vital industry exposure, Professional real estate investors group (PREIG) Canada is always successful in assisting Canadians to sell their properties without much of hassles.

By doing so, we have helped innumerable Canadians in need of money get quick cash. We buy any and almost every type of homes and properties. Therefore, Canadian property owners who must sell due to relocating or need fast cash owing to an urgent need, want to sell properties without involving in lengthy and cumbersome procedure.

We buy homes in Canada in any condition and irrespective of the location and condition. Despite the price range and condition of the property, we help Canadian property owners dispose of the property right away. Moreover, we offer no obligation offer to enable Canadian home owners to make the right decision for them.

Professional real estate investors group (PREIG) Canada is the best resource for those who want to know how to sell their house in Canada for quick cash and fast closing.

About Professional real estate investors group (PREIG) Canada

Professional real estate investors group (PREIG) Canada is known to provide a win-win situation to those who are in a dire need of money and want to sell their home fast.

cash4yourhome

 

The Importance of Home Inspection

The Importance of Home Inspection

The Importance of Home Inspection:

As many of you know we have been in a Sellers’ market for a couple of years now. In multiple offer situations some buyers elect to purchase a home without getting a home inspection. Or they rely on some abridged version provided by the Sellers. Often there is sufficient time for the buyer to do their own inspection in advance of the offer date. It may be a shame to do an inspection on a property that you will not own, but that is better than buying a place without  knowing for sure that there aren’t any major deficiencies.

You cannot rely solely on how nice a place appears to have been renovated. It’s the stuff that you  don’t see that should be a concern. 

Continue reading The Importance of Home Inspection