For those who have not heard of the term “Flipping Properties”, it is actually a term used primarily in the United States to describe the practice of buying an asset (in this case could be a house, an apartment or a commercial property) and quickly reselling (or “flipping”) it for profit.
This business is especially suitable for those who have sufficient cash to buy a property and refurbish/remodel it to make new an old property. Either you can do a total renovation or selective renovation either by doing a paint job, add additional rooms or just simply adding in Grohe faucet into the bathrooms. Smart property flipper knows the market very well and will know an under valued property when they see one. So… in order to be successful, do equip yourself with knowledge of the property market. Also not forgetting to get yourself familiar with building repair and construction works so that you can estimate accurately how much it will cost you to refurbish your home. Partner up with a reliable contractor that you can work with. If you do not know any, you can check Retrospek.com.my out. They have been partnering up with investors to flip properties.
Tags: Flipping Properties, Retrospek
May 3rd, 2010 at 4:41 am
Hi,
Is it possible to do “wholesell” of a flat in india.if yes how?
Tanks
J