Wonder why some buyers make a killing flipping homes while others get stuck with a few bad homes and lose it all?
To answer this, John Sorensen, one of the Real Estate Investment Specialist at Showcase Realty joins Nancy Braun for this episode of How’s the Market: Real Estate. Real Answers. This episode aims to provide information on what makes a successful real estate investor.
Never buy a piece of real estate using your own name as far as investment property. You could get yourself into real serious trouble. – John Sorensen
Location. Location. Location. There’s a reason for that. You need to know that you’re buying and investing in the right area and that’s why you don’t buy properties unseen. – John Sorensen
Invest in single-family homes and make them rental property. You purchase a single-family home as a long-term investment looking for rental income by leasing the home out to a qualified tenant. – John Sorensen
Do not listen to those late night so-called real estate gurus that make flipping houses seem as easy as 1, 2, 3. Flipping houses is tougher than you think so before you quit your day job, you need to understand what you’re getting into. – John Sorensen