What is Property Flipping?

Today I’m answering your question, “What is property flipping?” and I’m going to show you where to get amazing bargains on mortgage-free real estate.

The topics I’ll be covering in “What is Property Flipping?” are:

Want to learn how to purchase bargain real estate? Would you like to buy mortgage-free property for pennies on the dollar? Or earn double-digit interest rates secured by real estate? Then take advantage of this FREE Gift.

What is Flipping? – Property Flipping Definition

What is property flipping? Property flipping is the business of purchasing real estate at below market prices with the objective of selling it quickly for a profit. Naturally, the lower your purchase price, the higher your potential profit margin will be.

So, in a nutshell, as a property flipper, you’re interested in finding bargain real estate, and I’m going to show you where to find amazing discounts on properties of all kinds, whether it be land, homes, office buildings, commercial buildings, or small apartments.

Tax Defaulted Property Bargains for Real Estate Flippers

I’m Ted Thomas. For the past 30 years, I‘ve been involved in the tax-defaulted real estate business which is a subset of the traditional real estate business, and I can say from experience that tax defaulted property is perfect for property flippers.

Property tax auctions are held in all counties across the United States. That’s over 3,000 counties.

Many tax defaulted properties are sold at auction for only 10-20 cents on the dollar of the assessed value, and they’re sold with no mortgage or deed of trust loan.

Property tax auctions are a source of bargain real estate for those who want to buy and sell quickly. Searching for properties takes up a major amount of the available time in flipping houses. Tax auction properties solve some of that searching process.

what is property flipping and how profitable is it

How to Flip Houses Successfully

For newcomers who want to learn how to flip properties, it’s important to understand the following.

  • You must know who your buyer is and whether your pricing is acceptable.
  • Never underestimate the importance of marketing. It can mean the difference between being a successful property flipper and failing.

To sell, market your properties on sites like eBay, Craigslist, Facebook Marketplace, Zillow, Trulia, and the Multiple Listing Service (MLS), every site possible. Spend some money on signs for the front lawn and the neighborhood. Don’t overlook advertising in newspapers, or finding real estate clubs where the members are bargain hunters.

Do this, and buyers will find you.

I have a free gift for you that will show you how to profit with tax lien certificates and reveal the secrets of tax deed investing. Be sure to get your FREE gift today.

Pros and Cons of Flipping Houses

House flipping has advantages and disadvantages. The advantage is quick profits, meaning $40,000-$50,000 or more. Another advantage is little to no maintenance after you own the property.

The disadvantage is that not all properties are pristine. Many are ready for foreclosure and used and abused. Not all property flippers are interested in renovating property. Guys and gals who fixup property might do minor touch up and paint and resell properties quickly, and they would consider themselves flippers.

The Skill of Buying and Selling Houses for Profit

The skills that property flippers need more than any other is the ability to purchase at bargain prices and then sell the property quickly. The ability to figure out financing and seller carryback mortgages or contracts for sale are equally good assets for the seller.

If you learn how to find houses to flip, and during that learning process specialize in the selling side of things, it will be clear sailing. If you don’t understand the selling process and what it requires, you will spin your wheels and have significant maintenance costs while waiting to get the property sold.

what is property flipping for a quick sale

The Advantage of Buying Real Estate at a Property Tax Auction

What is property flipping to tax defaulted real estate investors? It certainly has its advantages. The big advantage of buying at tax defaulted property auctions is that the pricing begins at very close to the back taxes, mere pennies on the dollar.

Tax-defaulted auctions are public auctions held online and offline, and property is sold to the highest bidder. Not every property at the auction will be acceptable, so do your homework on properties before bidding.

Planning a Budget to Fix and Flip Properties

Property flipping requires budgets, and it requires reserves. What happens if the property has a major flaw that needs to be repaired? What happens if there is no financing at banks or credit unions? How would you sell the property?

The biggest difficulty is controlling your budget. My suggestion is to know your fixup budget before you purchase, and then to be sure, double that budget to ensure you have reserves. If it’s a slow real estate market, double your budget again to make sure you wont run out of money.

Conclusion

We hope you enjoyed Ted’s lesson, “What is Property Flipping?”

Property flipping is purchasing real estate with the goal of selling it fast for a profit. To increase success, investors want to get the best bargains on the real estate they buy.

Tax defaulted property auctions are a bargain hunter’s best friend. At these auctions, mortgage-free real estate can be purchased for pennies on the dollar then turned around and sold for a discount to generate quick cash flow.

What is property flipping when it’s combined with tax defaulted property investing? It’s a route to financial independence!

If you’d like to learn how to reap huge rewards from tax delinquent property investing, Ted Thomas provides full support and complete training with home study courses, Q&A webinars, live tutorials, workshops, web classes, and personal coaching with certified coaches.

Get started today by taking advantage of this Free Gift from Ted. Act now, it costs you nothing and will give you a big head start!

what is property flipping by Ted Thomas

Ted Thomas is America’s Leading Authority on Tax Lien Certificates and Tax Deed Auctions, as well as a publisher and author of more than 30 books. His guidebooks on Real Estate have sold in four corners of the world. He has been teaching people just like you for over 30 years how to buy houses in good neighborhoods for pennies on the dollar. He teaches how to create wealth with minimum risk and easy-to-learn methods.


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The Ted Thomas Difference:
  • Ted is recognized as America’s Tax Lien Certificate & Tax Deed Authority and has been helping people with investing in tat defaulted properties for over 30 years.
  • Ted has built a team of certified coaches that have 70 combined years of auction experience and are available to his students by phone to guide and mentor you to avoid getting overwhelmed or worse, losing money
  • Ted has ironclad PROOF that what he is teaching you does work. With hundreds of successful students providing testimonials and a 4.9 Google rating which is unheard of in this industry.
  • Ted and his staff don’t hide behind a website; they can be reached during office hours at 321-449-9940.

There is a way to make $100K in 12 months from home.

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