JACOB DADON - ACE REAL ESTATE TIPS FOR BIG RETURNS IN HOUSE FLIPPING

In the previous year, house flipping, which is defined as buying and selling a home in the same year made an average profit of $72,450, a record 35 percent high since 2011 when realty tracks started looking into current trends in the business. House flipping costs slightly more upfront but it pays in the end. For flippers, the trick is simple, give the house a makeover and increase the value.

Due to low supply and high demand for turnkey properties, it creates the perfect conditions to push more homes to the market and is certainly a good opportunity for investors to make profits.

While prices are fast rising, inventory on the other hand is still low. That makes flipping even more competitive. However, there's certainly good money to be made in the business. What you must do is get ready to work and be smart while at it. Work with your agent to find the right property that is within your budget. First you got to do the math. Calculate all the costs of purchasing, rehabbing and selling the property.

Then once you find the right property that will work, pull the trigger and write an offer. In todays market a buyer's agent is invaluable, do to the high demand for such investments. Having an agent that can win a multiple offer bidding war is key. Want to discuss the specifics with a real estate agent? Meet Jacob Dadon and catch up with him via: http://www.jacobdadon.com/ Mobile (818) 264-8780