There are many ways to make money from real estate investing. From long-term property ownership of a single-family home to residential/commercial rental property, to fix and flips - how do you know which investment strategy is right for you? Do you know about all of the available real estate investing options? A great real estate investment delivers a great return on your money without much effort.
The outlook of many real estate professionals is that DC home prices will continue to rise in 2017, but not so much as to cut into sales volume appreciably. For flippers, the ideal neighborhoods will exhibit low unemployment rates, rapidly rising home values and robust income growth. Zillow used these characteristics to come up with the five hottest DC neighborhoods for 2017, areas that will be of great interest to rehabbers.
Here's a breakdown of the profitable real estate hotspots for fix and flips this year.
For many individuals looking to break into the real estate investing business, one of the first avenues they consider – thanks largely in part to popular home makeover television shows – is flipping houses. These programs generally feature highly successful flippers with years of experience and funding readily available. What they don’t show you is what the beginning stages of breaking into the industry actually entail – such as securing rehab or fix and flip loans, developing relationships with trusted contractors and real estate professionals, and getting their own hands dirty doing a lot of the work themselves to ensure they make a profit on the project.
Ever walk into a new home and wonder, who thought this was a good idea? Green shag carpet, everywhere! (Read more to see picture proof, we're not kidding.) From structure to design, there's a lot that goes into building, or even fixing and flipping, a home. This is a big investment, possibly one of the biggest in your life! One you can't be passive towards. Everyone wants to see quick returns on investment, but you won't get there without putting forth the time and effort. So take it from some seasoned real estate investing pros, advice they wish they had before their first real estate investment. Hopefully their lessons learned will help make your next real estate journey much smoother...
Want to stay up to date with the latest real estate news? Twitter is a great resources. If you’re not familiar with Twitter, it’s a social media platform that curates content by allowing you to choose the people you want to receive content from. The real estate industry has taken to this platform as a way of distributing the latest real estate news. From agents who want to share their latest open houses to tips for the latest trends in home design; there is something for everyone. Here’s a list of real estate related Twitter accounts you should be following...
Every day there are so many great articles about real estate investing across the internet. From pro tips on fix and flips to neighborhood trends in the Washington, DC metro area - this industry is always bursting with new and exciting things. We want to make sure you stay up-to-date with the latest and greatest, so we’ll do a weekly roundup of our favorites!