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Best Properties for Flipping [fall 2012]

by blogger1
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on Tuesday, 11 September 2012
BestTransactionFunding

What are the best type of houses for flipping for fall and winter 2012?

There is a widening opportunity opening in one real estate investing niche which is ripe for the picking and quickly emerging as a much better option for many investors…

What is it?

Luxury homes from upscale modern condos to estate homes on prized lots currently offer many of the best investment opportunities and could rapidly become even more appealing due to a combination of emerging market factors.

Unfortunately many investors have been hammered with the message to solely stick with cheaper ‘bread and butter’ homes and are missing out on huge profits.

Let’s take a look at 7 reasons you might want to switch up your strategy…

1. Even if the percentage of discounts shrinks the dollar volume is certainly there
2. Investors can make more money while doing fewer deals
3. Luxury homes set to see a great rebound
4. The best homes in great locations will always be in demand and demand a premium
5. Higher end buyers are often easier to work with (no penny pinching over the carpet color in the 3rd bedroom)
6. This is a unique moment for home buyers to get into estate homes in prime communities due to low interest rates and prices
7. There is likely a lot less competition for these homes from other investors compared to other REOs

Plus…

The one hold back in the housing market and what has really been retarding investor’s volume growth is access to mortgage financing for end buyers. However, new data and trends show private jumbo mortgage lending is already on the increase and signals that this type of credit may be easing slightly as banks find these loans more attractive. Plus, cash rich foreign investors often only want to buy the best and have no time for run down, low end foreclosures.

No More Excuses

Thanks to transactional funding investors no longer have any excuses for not diving into this market either as they do not have to be held back by cash limitations.

Where are these deals hiding? They are all over the country from the suburbs of Detroit to Fairhaven CT, to northwest Florida’s Emerald Coast’s golfing communities.

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