Fix-n-Flip
Flipping houses is a lucrative activity for hundreds of thousands of investors all across America. We help investors nationwide by identifying and listing undervalued investment properties to buy, fix, sell, and profit from! Flipping houses for the most successful of our investors has evolved from a past time activity to a full time career. The majority of our fixer uppers come from our nationwide network of "wholesalers" who specialize in finding these deals in their local area and quickly placing them under contract to secure the deal. At this point the property is still titled to the original homeowner but there is a contract to sell the property sometime in the future (often in 30 days or so)
During this time before the closing date, the wholesaler actively looks to "assign the contract" to a real estate investor (ie. you) who will buy the investment property at a discount and then repair it to bring it up to full market value before selling it. This assignment of contract is nothing but a transfer of the "right" to purchase the property from the original homeowner. The wholesaler typically works in his assignment fee (usually anywhere from $5,000 to $20,000) into your purchase price which is still far enough below market value for you to make a healthy profit once the buy, fix, sell process is complete. The entire process of investing in fixer uppers, from buying at a discount, to completing repairs, to selling at full market value usually takes 2-4 months. Real Estate Investing has never been easier with ThePhoenixRealEstateSource.com
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