The Flip Board® – Real Estate Blog

Memphis, TN is an extremely hot market for rehabs, flipping and rentals. We have been successful in breaking into the Memphis RE market and have done a couple of deals there. That place is a veritable goldmine! Check the video of our recent deal that was purchased for $38,000, fixed up with about $3,600 of capital. And now it is about to be flipped before the end of the week.

Our strategy has been to purchase only occupied properties. This has worked out great! This particular one was able to have a tenant move in within 3 weeks!

-Richard

P.S. – This video was shot over 6 weeks ago. Don’t bother calling!

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The U.S. is facing a foreclosure crisis. We are about to enter into a commercial property crisis as businesses can’t afford monthly rents. But, for the newbies out there, let’s just stick with residential property in this discussion.

Did you know homeowners do not always have to go through foreclosure when problems arise?

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STEP 1. Find a Property
Search for property. Use your local real estate agency or realtor to search by county, city or zip code. I recommend starting with a broader search (like county or city) and narrowing the search later if necessary.

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Now that one of the largest insurance brokers in the world is in trouble and household names like Lehman Brothers and Merril Lynch are either bankrupt or purchased by another entity, what do we do about deals using 1031 exchanges?

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The City’s Most Glorious Co-op Flip!

Bommers Selling New Duplex for $48.9M

 

Not only does the sale come in the middle of a relatively sludgy, even gloomy real estate market, but there’s the downright flabbergasting fact that the Bommers bought the apartment only this January. They paid $46 million, setting a record for a Manhattan co-op sale.

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Folks -   This one will be very short and sweet. 

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Just because there is a huge inventory of homes on the market does not mean that as investors we can’t make a dollar! (Or a few thousand) As the housing market slumps, apartment complexes and duplexes typically swing into high gear.

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A couple of weeks ago, I told you all about a 3BR/1BA Colonial-style house that sat next to golf course.

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Ok Ladies & Gentlemen!  It is time to pull the trigger on another venture.  The details are as follows…

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For the second time in less than a month, the real estate bubble has burst on a rich and famous homeowner’s palatial estate. Following closely on the heels of another trophy property recently sold on the auction block, Michael Jackson’s Neverland Ranch

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