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Flipping Houses, Flipping Homes for Quick Cash
 by: Mike Collins

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First, right off the bat, off let’s tackle the ‘Is flipping houses illegal?’ question. Flipping homes or flipping anything for that matter, real estate or otherwise, is perfectly legal. The term has recently been used in the main stream media to describe what is essentially mortgage fraud. In a mortgage fraud scheme multiple people collude to inflate and falsify appraisals, doctor and falsify loan applications, invent fake people etc. That is definitely illegal and can get you serious jail time. But here’s the thing I could never understand….you can only do that once or twice and then, even if you get away with it up front, you are a fugitive for the rest of your life! Is one big check worth that?

Real, honest flipping is defined generally as one person finding an undervalued opportunity in real estate and getting that property under contract to purchase it. He or she then sells or ‘assigns’ that contract — for a fee– to another investor and that person actually closes on the property. The person buying the property usually does not even need a mortgage - they just write check. It’s really a pretty symbiotic relationship. Finding great deals takes time and people with money and the resources to fix properties don’t usually have lots of that. People who are interested in getting involved in the business usually have lots of time so they do the leg work to find the house. Also people, like me, who dislike the management of crews and the time consuming work of a rehab project prefer to be the wholesalers and to make a business of it. I actually prefer the term ‘wholesaling houses’ to flipping. All business have wholesalers in the distribution chain, this is no different.

For over seventeen years now I’ve felt like a kid on a treasure hunt every morning. My job is to dig up the gold, to find the diamonds in the rough.. This the only really high paying profession I know of that you can start with just a small amount of education and mentorship and a little bit of guts. A profession where you make your own hours and YOU determine how much money you’re going to make.

I’m often asked ‘how do you find all those great deals, Mike?’

Finding undervalued houses is not rocket science. I call it ‘reverse sales’. By reverse I mean you aren’t selling something you’re buying it but most of the same principles apply. You need to prospect or create a steady stream of sellers to talk to. Now like the new salesman you can start by knocking on doors and cold calling or you can work the smart way. You can advertise to find home sellers motivated to sell now!

Advertising driven wholesaling is changing the face of the real estate investing business very rapidly. Large companies like the huge HomeVestors, small mom and pops and smart individuals are all advertising to buy houses. Advertising works, plain and simple, you see bandits signs, billboards, television and radio spots and of course the ads in the newspapers.

What the new or inexperienced wholesaler does not know yet is the term or concept of ROI, that’s return on investment. The phone will ring but is it cost effective? Are you keeping track of what it costs you to buy each deal? Do you know which method is producing the best returns for your invested dollar? Study marketing not real estate.

The business of finding undervalued deals is changing so fast that almost no one can keep up. Don’t be left behind. The advertising driven, ROI business model is taking over the once private, very localized business of flipping houses. Big, organized companies are now getting involved because there are big profits to be had. Don’t be under the misconception that you need lots of money to start. I started with hand written signs on telephone poles and three line ads in tiny local papers - very inexpensive.

Get in the business now and stake claim to your niche in your town. What other business can you earn fees of $3,000, $5,000, $10,000 or more for a few hours work driving around looking at houses?

About The Author

Mike Collins is the CEO and founder of http://RehabList.com/ - a nationwide marketplace for undervalued deals in real estate. If you would like to find a handyman special in you area or list one you are trying to sell visit us at http://RehabList.com/ listing a property and searching for one to buy are both FREE. We are also searching for Local Partners to work with us in each county nationwide. Mike has been wholesaling houses full time for over 17 years. He loves to teach others the business of wholesaling houses.

This article was posted on December 06, 2005

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Buy And Sell Established And Turnkey Websites, Site Flipping Tools, Webmaster Tools

Buying and selling websites has finally come to an age. Website action hub is a newly started website where webmasters are encouraged to sell or buy web property. The transactions can be done auction style or at fixed buy it now prices. Webmasters are also offered evaluation and appraisal services along with several other tools such as a server monitor tool.

Website auction hub offers a forum like environment where the transactions are conducted. This encourages users to discuss the bidding process, payment details, terms and conditions, and so on in a friendly conversation like environment. For safety reasons all these conversations are recorded and can be used to protect the buyers and sellers. Along with the escrow and website evaluation services offered, Website Auction Hub is an easy to use and safe environment for buying or selling a website.

The professional website appraisal service can be requested by buyers and sellers to get an idea of how much the site might be worth and to ensure others that the information stated is legitimate. Upon completion, the website owner will receive a seal with a starting price estimate that can be laced on their website, and official results will be posted on the WAH website for legitimacy.

Several automated website appraisal and web server monitoring tools are also available. These can be used to evaluate several assets of a website such as contents, revenue flow, SEO, with more to come. By homing in on a few vital details, these tolls will give users accurate estimates to what their websites might be worth. Webmasters will also have the opportunity to receive text messages and email alerts on their cell phones if their server goes down by using the server monitoring tool offered.

Eager webmasters will also find a resources directory filled with useful links to information on boosting their current websites value. The resources are divided into several categories such as SEO, Advertising and Affiliate Programs, Forums, Promotion and Marketing, Web Hosting, Tools and Software, and so on assuring easy navigation. These resources were hand picked by WAH to create a friendly one-stop-go place for webmasters.

With all these features combined, Website Auction Hub strives to offer a safe and easy to use environment for buying and selling of established or turn key websites at auction or buy it now prices. Armed with the WAH website appraisal tools, free expert advice, and resources directory webmasters will be ready to conquer the webestate market with ease.

By: George Papp -

Article Directory: http://www.articledashboard.com

George Papp is the webmaster of Website Auction Hub www.websiteauctionhub.com
A place for webmasters to get advice on making their webpages profitable.

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Flipping: Sell Your Site And Get Fast Money

The concept of flipping applies, not only in the Internet world, but in other industries as well. Taken from the term ‘flippers’ which is used to refer to traders in the stock market who buy and sell only during a short period just to make fast money, flipping is now gaining popularity as a way to make fast money online. Here are some of the things you need to know so you can make fast money out of flipping.

The concept of flipping websites is a broad one. You have many options how to go about it. Aside from just selling your blog or your website, you can also buy a website to keep it or simply to sell it again. Venturing into blog or site flipping is a bit risky. It requires a high level of investment at the beginning. Still, all of the blog flipping options are geared towards making you some fast money.

Let’s look closely at the first option. Selling websites may not be a typical option for many webmasters, even with the prospect of making fast money. After creating a website, taking care of it, and making it grow, it is expected that website owners somehow become attached to the site. However, if the website is doing really well, the prospect of selling it becomes even brighter. You may want to keep your site, but consider the perks of selling as well. Remember that the better your site is doing, the greater its value. You can earn a lot from selling your site, and it is also guaranteed to be fast money. Besides, selling gives you a chance to start a new project. So if you think selling your website is an option for you, here’s how to go about it. First, you have to determine how much money you are making with your site. Even if the customer will be the one who will ultimately decide how much the site is worth to him, having a ballpark figure to work with will make sure you get your site’s worth. Once you have an estimated price, compile information about your site to pass on to the buyer. This should include traffic statistics, revenues generated by the site, the site’s history, the reason why you’re selling it, and the benefits the site has given you as its owner that you are now passing on to the buyer. Those are the things that count, so make sure that you should check your site’s performance first before selling. See if you can still improve it before you sell so you can increase the amount you get from it. After all, you’re not just looking for fast money; the amount also matters, of course.

Now, let’s look at the other side of the picture. If you can sell your site, you can also buy sites. In buying sites, you have two options. You can buy a website with the sole intention of selling it at a higher value, and you can also buy a website to improve and keep it. With the former, there is no need to begin from scratch. You only need to improve the website a bit and try to increase its value so you can sell it as a much higher price than when you bought it. The trick is to look for sites that show some potential but is not maintained well. The owners of these sites are most likely to sell, and you will also get a small price for it. On the contrary, if you choose to buy a site and intend to keep it, you need to look for a site that’s performing fairly. Also, it has to complement any existing site or online business you may have. People buy sites and keep them for many reasons, one of which is for the purpose of advertising and widening their reach for an already existing business.

There may be plenty of ways to make money online, but there are only a select few that can make you some fast money. If you are a website owner, keep in mind that selling your site is always an option.

By: Alan Lim

Article Directory: http://www.articledashboard.com

There are tons of way to make extra cash the fast way. Click on Fast Money now to learn more!!!

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