All Forum Posts by: Alex R.

also to your list should be included buying fees such as title insurance, inspection, survey, appraisal and documentation

So in this example there was no profit made by selling or flipping. the profit was made when you purchased the house for $75 k which is definitely below its real value even without any renovations; other wise it would have sold for zero profit or a loss

Well, I hear that flip itself doesn’t create profit and time and effort spent make the property sell at faire market value.

Meanwhile flip is not (or should not be) dependent on house value appreciation.

So when you flip a property and make profit, where is the money really coming from?

interesting investment

what is the average interest rate (or a range) that banks charge for these investment properties ?

no problem.
So I guess i wouldn't count on getting special rates even though searching up and down the market always helps

My friend purchased a foreclosure with bank financing it.
he flipped / sold / and paid off the loan in 5 monts

....
I heard that if you want to flip they will not give you special interest rate for the first time buyers. Is that true?

Besides this what other restrictions (from any entity) may apply ?

please advise

true

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