Juli Doty - Real Estate, Real Advice

Flip or Flop?

Successful real estate investing happens only after you learn the esstential rules of buying the right house at the right price:

• Just because a real estate agent says a property is a great buy does not mean that it is.
• Every property you invest in should be very sellable on the open market, rentable if the sales market falters, and a place you could live if all else fails.
• Never use the equity in your primary residence to purchase investment properties.

Before you begin "Flipping" you must:

• Analyze the Cash Flow of a good real estate deal
• Learn the Secrets of Successful Negotiation
• Know how you will attract motivated buyers to each property you purchase
• Be able to protect your other assets
• Understand the tax ramifications of each purchase and sale
• Determine if you have the time to invest in real estate
• Determine if investing in real estate fits your family life

Only when your homework is thoroughly done on each property are you ready to say: "YES, Please!"