Real Estate Investing - Makeovers vs. Flipping

Please don't call it "flipping."

Some real estate investors who practice the technique of buying property for immediate fixup and resale call it "flipping houses." I have never liked this term, for it strikes me as reference to a gimmick. It seems "flippant!" It sounds like crude tagging of a very noble undertaking. Fixing up cheap properties is raising values in America's housing! It is a profession of dignity. I think the makeover process deserves reverence for providing people with a better place to live.

Without proper maintenance, all housing deteriorates. You can find cheap houses everywhere in dire need of repair because of neglect and abuse. You can buy these depreciated houses inexpensively at a fair market discounted price because of their condition. You can often restore them to very near their original condition or even better with very little investment. And you can sell them at a fair value price that includes generous profits. The seller's marketplace for those who want and need good housing is always swelling.

You can often take a house that has "No Class" and transform it into "First Class" housing with only paint and carpeting.

And you can take your makeover another step forward with simple, eye-appealing extras to create a "Dream House," an "Ideal House," a "Doll House," and a "Model House." You will be very proud of your work with this kind of makeover, and the real estate investing process will give you tremendous personal satisfaction, in addition to a good income.

My end-result objective in creating an appealing makeover is to create a finished product that I myself would enjoy as a home. If I can be satisfied with the makeover, I know that buyers will find that same satisfaction. To me, the real estate investing profession is a grand endeavor that extends far beyond the financial rewards. I have owned numerous businesses over the past 50 years, but I know of no other business venture that generates more personal gratification and financial prosperity than real estate investing in makeovers.

Phil Speer, Ph.D., started his real estate investing career 25 years ago. Without the availability of credit and using only a $10 bill, he purchased $1 million in properties in his first year, and had accumulated $10 million in properties by his fourth year. http://www.CashinHouses.com/ He was featured in a Wall St.Journal editorial as most successful investor in the Nothing Down Real Estate Movement, and was honored with a Caribbean cruise as top investor of the year. In his hometown of Nashville, Tennessee, he has been a businessman and Human Resources Consultant for 30 years. He is an author, speaker and seminar director.

To learn how to profit in real estate investing, even without cash or credit, read his report at http://www.Real-Estate-eBook.com/investing/flipping.html/ Subscription is free to his Fix-up Ezine. He and other contributing authors provide free articles and resources on real estate investing at his online "Academy of Advanced Real Estate Investing Techniques" at http://www.AAREIT.com/

MORE RESOURCES:

Fidelity sheds portion of real estate investment group - Bizjournals.com

table border=0 width= valign=top cellpadding=2 cellspacing=7trtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbrdiv style=padding-top:0.8em;img alt= height=1 width=1/divdiv class=lha href=http://news.google.com/news/url?sa=Tct=us/0-0fd=Rurl=http://www.bizjournals.com/boston/stories/2008/10/13/story30.htmlcid=1257256510ei=QEXzSMK9D4u-9gS9hKB8usg=AFQjCNFeTiZLOBtOfqNgAnu4IRhDgtmOnQFidelity sheds portion of breal estate/b investment group/abrfont size=-1font color=#6f6f6fBizjournals.com,nbsp;NCnbsp;-/font nobr41 minutes ago/nobr/fontbrfont size=-1Pyramis Global Advisors, a division of Fidelity Investments, is spinning out the private equity arm of its breal estate/b group. A Fidelity spokesman declined b.../b/fontbrfont size=-1a href=http://news.google.com/news/url?sa=Tct=us/0-1fd=Rurl=http://www.msnbc.msn.com/id/27158239/cid=1257256510ei=QEXzSMK9D4u-9gS9hKB8usg=AFQjCNHt4tPwJPZlCIg_NU2wolFMqmjArQDepartment of Justice developer not able to get financing/a font size=-1 color=#6f6f6fnobrMSNBC/nobr/font/fontbrfont class=p size=-1a class=p href=http://news.google.com/news?sourceid=navclientie=ISO-8859-1rls=GGLG,GGLG:2005-22,GGLG:enncl=1257256510hl=ennobrall 323 news articles/nobr/a/font/div/font/td/tr/table

Falcon Announces Best-in-Class Green Real Estate Project - MarketWatch

Grand Rapids hosting UM real estate forum; showing off development - WZZM

The Short Sale Formula Launched to Help Real Estate Investors ... - PR Web (press release)

table border=0 width= valign=top cellpadding=2 cellspacing=7trtd width=80 align=center valign=topfont style=font-size:85%;font-family:arial,sans-serifa href=http://news.google.com/news/url?sa=Tct=us/3i-0fd=Rurl=http://www.prweb.com/releases/outsourceshortsales/shortsaleformula/prweb1431994.htmcid=1257188797ei=QEXzSMK9D4u-9gS9hKB8usg=AFQjCNHKEGyv6_NGty0gqz7mubkedTC_eQimg src=http://news.google.com/news?imgefp=E5fG3VEd68MJimgurl=www.prweb.com/prfiles/2008/10/06/219405/gI_SSFHeader.PNG.jpg width=80 height=32 alt= border=1brfont size=-2PR Web (press release)/font/a/font/tdtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbrdiv style=padding-top:0.8em;img alt= height=1 width=1/divdiv class=lha href=http://news.google.com/news/url?sa=Tct=us/3-0fd=Rurl=http://www.prweb.com/releases/outsourceshortsales/shortsaleformula/prweb1431994.htmcid=1257188797ei=QEXzSMK9D4u-9gS9hKB8usg=AFQjCNHKEGyv6_NGty0gqz7mubkedTC_eQThe Short Sale Formula Launched to Help bReal Estate/b Investors b.../b/abrfont size=-1font color=#6f6f6fPR Web (press release),nbsp;WAnbsp;-/font nobr5 hours ago/nobr/fontbrfont size=-1The Short Sale Formula will be released to the breal estate/b investing community to provide a step-by-stop formula on how to put together a short sale packet, b.../b/font/div/font/td/tr/table

Bahrain real-estate market ‘faces record year’, says expert ... - Al-Bawaba

table border=0 width= valign=top cellpadding=2 cellspacing=7trtd width=80 align=center valign=topfont style=font-size:85%;font-family:arial,sans-serifa href=http://news.google.com/news/url?sa=Tct=us/4i-0fd=Rurl=http://www.albawaba.com/en/countries/Bahrain/236688cid=1257187494ei=QEXzSMK9D4u-9gS9hKB8usg=AFQjCNFXbKh4o8P6UBu9Dvuc_tZGoMOsxwimg src=http://news.google.com/news?imgefp=WaNMUcjqdl4Jimgurl=manager.albawaba.com/img/new_sys/mediabank/47631_mb_file_41a53.jpg width=80 height=54 alt= border=1brfont size=-2Al-Bawaba/font/a/font/tdtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbrdiv style=padding-top:0.8em;img alt= height=1 width=1/divdiv class=lha href=http://news.google.com/news/url?sa=Tct=us/4-0fd=Rurl=http://www.albawaba.com/en/countries/Bahrain/236688cid=1257187494ei=QEXzSMK9D4u-9gS9hKB8usg=AFQjCNFXbKh4o8P6UBu9Dvuc_tZGoMOsxwBahrain breal-estate/b market ‘faces record year’, says expert b.../b/abrfont size=-1font color=#6f6f6fAl-Bawaba,nbsp;Jordannbsp;-/font nobr4 hours ago/nobr/fontbrfont size=-1DTZ the expert breal estate/b advisory firm today released a market report on Bahrain giving a detailed examination of the state of the Kingdom’s breal estate/b b.../b/font/div/font/td/tr/table

Real estate bust: Toledo wins at Big House - San Francisco Chronicle

Now Is The Time To Invest In Commercial Real Estate - PR Web (press release)

Real Estate Investors meet Tuesday - Prescott Daily Courier

Great Food, Good Drinks and Luxury Real Estate on Main Street - Eastside Business Journal

Hypo Real Estate#39;s Viermetz Steps Down After Bailout (Update1) - Bloomberg

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Real-Estate - Google News

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