What is flipping in real estate

Real estate investment is one investment worth been part of because, housing is one thing that will always be in demand..

Flipping in real estate is the buying of with the sole aim of reselling it either after renovation( most times) or without renovating it…

When a real estate investor buys a house and resell it for the capital gains after renovation most times,we say the investor is involved in flipping…

A startup real estate investor with a capital of 12million naira can start his real estate with flipping I.e buying houses that most times need renovation at cheaper amounts,renovating and selling them for higher amount…. The real estate investor can go into other aspects of real estate investment like building and selling or building and rental after he must have made enough money for that…

REMEMBER you don’t just choose any House you see when you are in the flipping aspect of real estate, you have to check the location of the house to see if it will suit your target market,know how much it cost you to renovate the house,how much you will get as profit after sales….. After you must checked it all, and you are sure it suits your choice property, you can then close the deal…

©Osuji Godspower
Real estate agent|Automobile agent

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