Should You Consider Flipping Homes?

Wednesday, December 3, 2014

Should You Consider Flipping Homes?

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Today we want to talk to you about flipping homes. I have several clients out there who are asking about flipping homes and buying investment properties. There is a tremendous opportunity our there for this kind of work, but there are a few cautionary tales you should be aware of.

First off, you need to be very wary of the great deal. There is a tremendous amount of competition out there for short sales, foreclosures, and undervalued properties. You have got to be prepared to come in quick, with cash, potentially waive your inspections, and close in 2 weeks to 30 days.

You should also make sure you have the necessary skills to succeed in this type of work. My best home flippers are the ones who can swing their own hammer, not the ones who hire contractors to do the work for them. The margin of profit shrinks significantly when they have to pay other people to do the work for them.

Flipping homes is not for everybody. It might look like a sexy or easy job by looking at shows on TV, but it's not. At the end of the day, it requires a lot of hard work, with a little bit of luck and a whole lot of skill. So, make sure you align yourself with the right team and the right people who can move quickly and have access to all the right properties to make you some money.

If you have any interest in flipping homes, be sure to give me a call. We work with a lot of different clients in different markets. I look forward to working with you soon!

About Andy

As one of the Nation's top 1% performing real estate agents, my team and I pride ourselves on the results we generate for our clients. Having spent several successful years in corporate America in sales, marketing, new product development, licensing, branding and management I was able to successfully translate these skills into real estate sales. My background is fundamentally different than the average agent. I treat my clients and their homes with a personal touch while also understanding how to fully market and promote them.

Andy Sachs
The Around Town Team
Keller Williams

Newtown, Connecticut

203-727-8621
AndySachs@Kw.com
thearoundtownteam.com

Andy Sachs and The Around Town Team Testimonials

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testimonials from happy clients

Christine - “He strategically priced my house and that definitely exceeded my expectations."

Cathy - "I really like Andy because he does a good job, he’s thorough, and he’s too the point. He was successful in selling our home for about the asking price and he was willing to meet the contractor when we needed repairs since we were 2 and a half hours away. We had a good experience and I would highly recommend Andy to anyone that needs a Realtor!"

Joe - "We had really good results with Andy. He was very honest about what my house was worth and he was always involved. He kept me up-to-date with weekly emails about who was looking at my property and the statistics on how they were looking at it. I was never in the dark! He is one the best agents I’ve ever met!"

Ashley - "I couldn’t have asked for a better real estate agent. Andy is very knowledgeable in his field and he really helped us find our dream home. He was always willing to work around our schedule and the communication was always open. It was a delightful experience to have worked with the Around Town Team, they are one of the best!"

Mike - "Andy did anything I could have possibly wanted. He would met us when we needed him to meet us and he always made himself available to us. Andy really helped us through every step of the process, including all of the paperwork. He did a great job and I’d give his number to anyone!"

TJ - "It was pretty seamless form the time we started working with Andy, he really understood what we were looking for and was able to work within the budget we had in place. He was able to work around our schedule and he really looked out for our best interested. When we had our bid thrown out, Andy guided us through that process and was able to help us from a comparable home that still met our criteria. It was a really good decision that we listened to Andy’s advice."

Chris - "They were excellent! When we were selling, we listed it on a Monday and it was sold that Tuesday! When we were purchasing we were looking for foreclosures so he had to take me out multiple times to look at homes. We ended up looking at a lot of houses that we didn’t end up getting but it never deterred him, he just kept going and finding more for me to look at."

Kara - "I was able to sell my condo and purchase a new home, and it was seamless with Andy’s help. He was able to recommend people to me, like a lawyer or a mortgage broker. Whenever I called him, he answered right away. When we were closing on the new house, we had some issues with the seller, and he was immediately on the phone and alleviating that issue. He is a fabulous real estate agent to work with, and I would highly recommend him to anyone!"