House Flipping Omaha NE

House flipping has been popular ever since people realized that a home does not have to merely be a form of shelter, but it can be a source of profit, too. House flipping has been popular ever since people realized that a home does not have to merely be a form of shelter, but it can be a source of profit, too. Flipping has also been glamorized and sensationalized on reality television shows such as Bravo’s Flipping out or TLC’s Flip this House.

Kathleen A. Holtz
(402) 496-3700
Omaha, NE
Agency
(Re/Max the Producers)
Average Home Size
Usually sells 0 Bedrooms
Average Home Price
Average Sales Price: 112k (112k - 112k)

National Sales Agent
(888) 842-2605
Omaha, NE
Agency
(Taylor, Bean Whitaker)
Average Home Size
Usually sells 3 Bedrooms
Average Home Price
Average Sales Price: 114k (70k - 159k)

Frank J. Wear
(402) 391-5912
7602 Pacific St
Omaha, NE
Agency
(Century 21 Wear Company)
Average Home Size
Usually sells 3 Bedrooms
Average Home Price
Average Sales Price: 216k (216k - 216k)

Kent Van Briesen
(402) 291-4800
Omaha, NE
Agency
(****CENTURY 21 CENTURY REAL ESTATE****)
Average Home Size
Usually sells 0 Bedrooms
Average Home Price
Average Sales Price: 119k (119k - 119k)

David Ostrand
(402) 213-7332
Omaha, NE
Agency
(NP Dodge Real Estate Sales, Inc)
Average Home Size
Usually sells 3 Bedrooms
Average Home Price
Average Sales Price: 104k (66k - 141k)

John Seigel
(402) 491-0777
Omaha, NE
Agency
(NP Dodge Real Estate Sales, Inc)
Average Home Size
Usually sells 3 Bedrooms
Average Home Price
Average Sales Price: 185k (140k - 230k)

Mitch Scott
(402) 981-3325
Omaha, NE
Agency
(DEEB Associates Real Estate)
Average Home Size
Usually sells 4 Bedrooms
Average Home Price
Average Sales Price: 157k (89k - 235k)

David Belcher
(402) 321-4006
Omaha, NE
Agency
(Century21 Dundee Realty Co.)
Average Home Size
Usually sells 1 Bedroom
Average Home Price
Average Sales Price: 49k (49k - 49k)

Jeff Cohn
(402) 951-5008
Omaha, NE
Agency
(NP Dodge Real Estate Sales, Inc)
Average Home Size
Usually sells 4 Bedrooms
Average Home Price
Average Sales Price: 165k (165k - 165k)

Mike Story
(402) 731-5008
Omaha, NE
Agency
(Np Dodge Real Estate)
Average Home Size
Usually sells 3 Bedrooms
Average Home Price
Average Sales Price: 45k (45k - 45k)

House Flipping: The Flipping Truth

House flipping has been popular ever since people realized that a home does not have to merely be a form of shelter, but it can be a source of profit, too. Flipping has also been glamorized and sensationalized on reality television shows such as Bravo’s Flipping out or TLC’s Flip this House. While both showed the trials and tribulations of sinking significant money and hard work into a home just to leave it in the hands of the housing market, it also conveyed the rush, flexibility and, oftentimes, profits that resulted. Though the housing bubble burst certainly cannot be placed solely on the shoulders of real estate reality TV stars, their shows allowed America to peak through their newly renovated windows and into the world of flipping. Soon, what was once reserved for only the savviest real estate investors and professionals was now an option for millions of Americans who could easily secure mortgages before the year 2006.

Unfortunately, as many Americans have come to find out, flipping a home involves more than instant financing and an interest in interior decorating. Depending upon whose numbers you use, some believe that real estate investors purchased between 8.5 percent and 33 percent of all homes sold last year. According to the Mortgage Bankers Association, one out of 200 homes will be foreclosed upon, meaning that 250,000 homeowners will enter foreclosure every three months – and many of these will be home flippers.

Clearly, flipping homes for profit over the past few years has not been as profitable as it could have been, especially if investors bought while home values were still on the rise, but were unable to renovate and sell before the decline hit. But for every house flipper who found himself in hot water during the latest housing downturn, there is another one who has made a killing off of turning homes for profit.

Though there is no magic formula to turning a rundown property into a cash cow, there are certain rules and strategies that most successful flippers use to net top dollar for their homes.

Flipping Rules to Live By

1. Act like a professional

Realize that flipping homes is a complex, money-intense job. Just as the average Joe wouldn’t purchase $50,000 worth of auto parts in the hopes of turning his used family car into a bachelor’s dream car, a real estate investor shouldn’t plunk tens of thousands of dollars into a project that he does not know how to handle.

“It’s ludicrous to jump into home flipping unless you know what you’re doing,” said R.L. Brown, CEO of RL Brown Reports, which researches and analyzes the real estate and home building markets. “Many people who got involved in flipping in 2005 are people who have lost their nest eggs, their livelihoods, their homes and even families because they were doing something that they had no business doing.”

Brown said that most flippers ingratiate themselves with market dat...

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