4 ???????????????? ???????? ?????? ???????? ?????????? ???????????????? ?? ????????.

It looks so easy! Buy a house, make a few cosmetic fixes, put it back on the market, and make a huge profit.?

Flipping houses is a business like any other: It requires knowledge, planning, and savvy to be successful.

Property flipping is a type of real estate investment strategy in which an investor?purchases a property not to use, but with the intention of selling it for a profit.?

Investors who flip properties concentrate on the purchase and subsequent resale of one property, or a group of properties. Many investors attempt to generate a steady flow of income by engaging in frequent flips.

So how do you flip a property or house? In simple terms, you want to buy low and sell high to make a profit (like most other?investments). That profit is typically derived from price?appreciation resulting from a hot real estate market in which prices are rising rapidly or from capital improvements made to the property—or both.

?????????? ???? ??????????

The first, best piece of advice is to limit your financial risk and maximize your return potential. Put simply, don't pay too much for a home (by knowing what it's worth), and make sure you also know how much the necessary repairs or upgrades will cost before you buy. Having that information, you can then figure an ideal purchase price.

The 70% rule states that an investor should pay no more than 70% of the after-repair value (ARV) of a property minus the repairs needed. The ARV is what a home is worth after it is fully repaired.

H?E?R?E?'S? A?N? E?X?A?M?P?L?E?: If a home’s ARV is N150,000,000 and it needs N6,500,000 in repairs, then the 70% rule means that an investor should pay no more than N98,500,000 for the home: N150,000,000 x 0.70 = N105,000,000 – N6,500,000 = N98,500,000

These are the four mistakes to avoid if you are thinking about flipping a house;

1. ?????? ???????????? ??????????: Dabbling in real estate is expensive. The first expense is the property acquisition cost.?

2. ?????? ???????????? ????????: Renovating and flipping houses is a time- consuming venture. It can take months to find and buy the right property. Once you own the house, you'll need to invest time to fix it up. If you have a day job, time spent on demolition and construction can translate into lost evenings and weekends. If you pay somebody else to do the work, you’ll still spend more time than you expect supervising the activity and the costs of paying others will reduce your profit.

Once the work is done, you'll need to schedule inspections to make sure the property complies with applicable building codes before you can sell it. If it doesn't, you'll need to spend more time and money to bring it up to par.

Next, it can be quite a time investment to sell the property. If you show it to prospective buyers yourself, you may spend plenty of time commuting to and from the property and in meetings. If you use a real estate agent, you will owe a commission.

Is that worth it? For many people, it might make more sense to stick with a day job, where they can earn the same kind of money in a few weeks or months via a steady paycheck, with no risk and a consistent time commitment.

3. ?????? ???????????? ??????????????????: To be successful, you know how to pick the right property, in the right location, at the right price. In a neighborhood of N200,000,000 homes, do you really expect to buy at N60,000,000 and sell at N200,000,000? The market is far too efficient for that to occur regularly.

4. ?????? ???????????? ????????????????: Professionals take their time and wait for the right property. Novices rush out to buy the first house that they see. Then they hire the first contractor who makes a bid to address work they can't do themselves. Professionals either do the work themselves or rely on a network of pre-arranged, reliable contractors.

In conclusion?

If you are thinking about flipping a house, make sure to understand what it takes and the risks involved. Novice flippers can underestimate the time or money required and overestimate their skills and knowledge. Making a nice profit quickly by flipping a home is not as easy as it looks on TV.

Thank you very much for your time.?

Regards?

Moses Onyebuchi?

(Investment Consultant & Real Estate Broker)

Call/Chat: +2348060559998

I have genuine and lucrative flipping deals in the comment box for your consideration. 100% secured and moneyback guarantee.?

Below are property flipping opportunities for your consideration:

a. Flip units of 3 bedroom terrace duplex for?N46m per unit in Lekki at 24% profit in 9 months. Thus, you buy at N46m per unit outright and sell at N57.04m per unit.?

b. Flip landed properties in lekki scheme2 for 33% dividend in 12 months.?

You buy 300sqm for N27m outright and sell for N35.91m

You buy 400sqm for N36m outright and sell for N47.88m

You buy 500sqm for N47m outright and sell for N62.15m

You can go higher.?

Terms & Conditions Apply.

Upon your investment, you will receive the following security documents;

? Insurance Certificate?

? Investment certificate?

? Receipt?

? Deed of Agreement?

? Signed post dated cheque?

For more information and site inspection, please contact Moses on 08060559998 or https://wa.me/message/PVY2HOZCKB2EG1

#realtormosesonyebuchi? #realestate? #propertyflipping? #houseflipping