Basic Flipping Question - Posted by Tom
Posted by Tom on March 30, 2002 at 14:26:59:
Hi, I’ve been reading Bronchick’s Flipping Properties almost religiously for the past couple weeks and am getting ready to jump in. I’m looking at starting out as a dealer and working my way to retailer. Two questions that I have are:
1: Example is getting under contract a home for say $85k, maybe doing some basic cleaning that would take like 2 days, then trying to sell it to an individual for say $95k instead of an investor??? Would this be hard to double close or even possible to just “Assign To” since this person is not an investor??? I’m assuming that the closing date would be harder to meet with an individual.
2: When it comes to flyers, I obviously want to promote that I can help and that I buy houses, but should I add that I also sell houses?? I don’t want to get too far ahead of myself just starting out but wouldnt mind getting a pool of buyers that I have to call on if investors are hard to find…thanks everyone!! I’m sure I’ll have more questions but hopefully will be able to post about my first flip…