Juli Doty bought her first home at age 22, fixed and flipped many homes, designed and built apartments and ministorage, represented 1000's of real estate clients, was the 1989 Washington State Small Business Woman of the Year and is now your real estate information source.
Purchase, improve and flip properties right back on the market for maximum profit.
Flipping is one of the more dangerous real estate investment methods.
You better know your market, buy cheap, do the right improvements at the right price all while moving very quickly.
My personal advice is only buy flips that you can resell very quickly, rent out if necessary and if all else fails, move into.
Still tempted? Flips can make you huge money. Flips can also cost you everything you have earned up to this point in your life.
Know what you are doing first. It is much more profitable to wait than to buy properties that you do not fully understand. Consider attending a REAL ESTATE REAL ADVICE Seminar on Flipping.
Rentals can stabilize your finances quickly if you manage them and your budget well.
Land development is not for the faint of heart. It is a big money game where losers are common.
Never risk more than you can afford to lose.
Location, location, location is real.
Pay attention to zoning, traffic patterns and community growth patterns.
Know what you are buying and exactly how it will pay you before you agree to purchase.
(c) 2008 Juli Doty. All Rights Reserved.