New Strategies for Single Family Home "Flippers"

A few years ago, flipping houses was the rage in Real Estate Investing. "Reality" TV and Real Estate Investing book "Guru's" had thousands of people getting into flipping houses. Good news for the Real Estate industry - large inventories of houses were reduced and prices started increasing again. Bad news for Flippers - large inventories of houses were reduced and prices started increasing again. People are recovering and have money to start their real estate investing but it is not as easy as it used to be to find the bargain properties. This is the next niche to be discussed in a series dedicated to educating new and seasoned Investors about some of the new strategies in Property Investment.


Discounted Bank Notes:

Financial institutions are willing to sell the mortgages or notes at a discount rate in some cases. Notes can be performing or nonperforming and both have different strategies, Financial institutions sell these notes rather than going through the foreclosure process that can be expensive and time consuming for the Bank. The Investor becomes the "Bank" on these mortgages. Important to remember, the Investor does not own the property. Instead, the Investor owns the mortgage.

There are many advantages to buying notes, including:

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Thank you Mike for this great read!!!