I just want to know why Short-term real estate investors make tremendous profits by merely purchasing a home and reselling it after three to six months.
Hi,
We are not buying just any home as it has to have a seller that is motivated to get out from under the property and willing to except a wholesale offer! Most investors today are purchasing a pristine property that is updated and does not need any work for an average of about 30% below FMV and reselling the same home to an owner occupied buyer for 95% to 100% of FMV.
Investors are possible selling with some incentives including paying buyers closing cost’s! Offering a new washer & dryer to buyer! Offering new big screen tv to buyer! Any thing that makes the purchase of your property a better buy than another seller might offer.
Buy low / sell high!!!
GR
Many properties that are for sale today are in such poor condition they do not qualify for a home loan. The investor can purchase the property with cash and then bring the property up to “like new” condition. The investor then sells the property at retail to a homeowner. The property is now in great condition and will qualify for a home loan. When you view homes on the HUD web site, take note that some are listed as “insured” and some are “uninsured”. These are great short term opportunities for investors.