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 Make big ROI Now with Real Estate FLIPPS
Good Morning America interviewed Donald Trump recently about his running for President and cleaning up Washington.
You know him, he is the guy famous for firing incompetents. ”Your Fired!” We can use some of that in DC. When asked about the depressed Real Estate market the Donald stated, “ this is the best opportunity I have
seen in decades to buy Real Estate bargains and make a fortune” He may be right.
The current Real Estate market in the Tampa Bay area is ideal for cash investors to capitalize on the opportunity to earn Hugh ROI.. The climate is excellent to buy low, from the banks and sell high for a profit. Try to teach your stock Broker that formula but bet he still doesn't get it. Flipping has now come of age. But, be aware, this is not a game for rookies or your wife's cousin, part time Realtor at Coldwell Banker. Understanding the current market, the ability to purchase at the right low price from the Banks and the wherewithal to resell at a profit, are the key elements to a $successful "Flip" formula. Cash investors need to partner with a Flip expert to make the formula work, with the Goal of double digit Return. |
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Many Bank Owned properties could be in a good location but have little appeal to the retail buyer or they are not financable in their current condition. Why? Banks do not spend money to repair REOs. The home may need a roof or an entire kitchen. Landscaping may be overgrown, the pool is green, walls painted ugly colors.
GREAT OPPORTUNITY for the Flip expert to present a low cash offer to the Bank. Based on the example, we hope you checked it out, a $160,000 short term purchase should produce about $30,000 profit. The process takes about four months. So invest
the same $160,000 three times in one year, that’s $90,000 profit. Not a bad ROI.
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