Live-Love-Laugh Daily

Flip This House

Posted by firstman2006 on October 3, 2006

Flip This House

Flip This House,
originally uploaded by jason.banks.

House flipping is a way to make money with real estate. Houses that are in bad condition or in need of repair, but have the ability to be resold after investing a little effort and time, can then be sold or flipped for a profit. There is a whole area of real estate and real estate finance that is geared towards doing this type of transaction.

Hard Money Lenders are lenders that lend money to people who want to do these types of transactions. The hard money is money that is loaned using property as colateral. Hard Money loans are made to people who need a loan quickly, and the interest rate is usually very high.

So if someone is a hands on type of person, and they want to get involved, flipping houses is something that they should learn about.


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