Tech Jobs Driving House Flipping Projects

Reality TV shows about house flipping make it look easy. But behind every lucrative renovation project, there are factors that impact profitability such as buying price, labor costs, unforeseen setbacks and perhaps most importantly, location. There is no escaping the old real estate adage of "location, location, location." Home-flipping entrepreneurs must take into account whether polishing up a blighted building is in a viable resale neighborhood. One of the location factors some house flippers are following is the trend in tech jobs. Because the tech industry does not necessarily rely on interstate highways, commercial hubs or seaports, computer-oriented businesses are…
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Common Misconceptions About House Flipping

Reality TV shows have energized everyday people to dive into the real estate market and make money flipping houses. The dramatic presentation and profitable end results make the industry seem like a sure thing. But house-flipping, like any industry, has its share of challenges. Television often props up ratings by showing industry pros overcoming adversity and getting a big win. But reality, unlike Reality TV, is filled by behind-the-scenes unknown obstacles. While house-flipping has emerged as a viable niche profession, these are some of the common misconceptions entrepreneurs may want to consider before wading into the business. Perfect Properties Are…
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How To Turn A Profit Flipping Land Into Residential Property

Reality TV shows have inspired people to flip houses for profit. They make it look fun, easy and the type of business anyone with some capital can get into. Every once in a while, house-flipping episodes show an underperforming sale and a financial loss. That is why people in the flipping business need a cushion in case things don’t pan out. This brings us to a slightly different approach. Some speculators start out flipping land. Yes, that’s right. Land. Flipping Land Can Be Less Risky Than Homes Rough land can be far less expensive to invest in than blighted homes.…
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