House flippers are always looking for ways to increase the value of a home without investing a lot of money. One of the primary ways to increase the appeal of a home is to make some minor decorating improvements that will make the house look great without having a high cost. This is important for the inside and outside of the home, as a potential house buyer will most likely make an immediate judgment of a home as soon as they see the exterior.
Some simple gardening can do wonders to the attractiveness of a home’s exterior. There’s no need to get fancy with ornate stones and waterfalls when simply cut grass and some flowers will do the trick. The key here is making the house look well-kept and maintained. This can be done successfully with only a few hours of work and doesn’t require a whole lot more than some cheap gardening tools and plants. You may also want to consider repainting the front if there is a lot of damage to the current paint job.
Drapes, shades and other window treatments can be a particularly cheap way of improving the looks of a room without going over budget. Look into interior decorating magazines and websites to find out what works and what doesn’t. Try to stick to modern styles, colors and designs in order to attract younger families who are looking for an up to date home. Stay away from expensive repairs that don’t fix major structural issues or improve the aesthetics of the property. The key to increase ROI on a house flip is to keep costs low while increasing attractiveness of the home.
Yes, that’s right. It’s coming according to Sens. Charles Schumer (D., N.Y.) and Mike Lee (R., Utah), who have co-authored a bill they plan to introduce Thursday that would give residence visas to foreigners who spend at least $500,000 to buy houses in the U.S. http://tinyurl.com/3sscfxp
And it’s no secret that plenty of foreign investors have cash and are contributing to the “all-cash buyers” light at the end of the sad housing market tunnel.
Not sad for investors of course!
I think it’s great news for Arizona investors, particularly wholesalers, because the bill will allow applicants to spend as much as $250,000 of the required $500,000 on investment property, which can be rented out.
BTW, now is a great time to add Fix & Holds to your investment strategy if you have not already.
Now wealthy investors from Mexico, China, the U.K., India, Canada, Argentina, Brazil and other foreign countries could get their chance not only to live in the U.S. but to invest and grow their money here.
Historically, foreign investors have been attracted to property ownership in the U.S. They view homes and rental properties in this country as a secure investment, and the U.S. market as opportunity for long-term appreciation potential.
So for local investors who are taking their time selecting their deals, believing there will be plenty of inventory for at least the next couple of years, better beware and think again.
Lightning fast foreign investors are already starting to snatch up your deals and seizing the moneymaking opportunities to build their wealth in the U.S.
According to the National Assn. of Realtors, nationwide, residential sales to foreigners and recent immigrants totaled $82 billion in the 12-month period ended March 31, up from $66 billion the previous year,
And yes, we are seeing it here in the Arizona real estate market.
I say it’s a good thing and as an investor I am excited! Because it means more lucrative deals to be made and more cash circulating in the investment world.
I welcome our foreign investors, you are wise to invest it in Arizona real estate and IFS is happy to assist you!
We at It’s Flipping Simple have your investment properties. We work hard every day to find only the best deals.
Buy from our inventory list or have some fun participating in the foreclosure auctions with us. Our bidding service is about half the cost of others and our expertise is twice as much! You reap the reward. Let us know what you need.
What do you think of Sen. Schumer’s planned bill? How will it affect your investment strategies?
Share your wisdom and leave your comments for us below, we’d love to hear from you!
The Phoenix metropolitan area occupies one of the largest land spaces in the United States. Phoenix itself is the sixth most populous city in the United States and the largest in Arizona. The metropolitan area, often referred to as The Valley of the Sun, was one of the fastest growing population centers in the 1990′s. There are many independent cities in the valley that have great potential for house flipping due to their size and potential for further growth.
Chandler is home to 236,000 people. It is home to some major corporate operations from companies like Intel and Wells Fargo. High-tech manufacturing is one of the main components of the Chandler economy and at one point was responsible for nearly a quarter of the jobs.
Buckeye is the western most suburb of the Phoenix area. It’s populations rose 678% between 2000 and 2010. It’s rapid rate of growth makes it a great area for real estate investment. Buckeye was featured in a PBS Newshour program title Blueprint America.
Fountain Hills is a community to the east of downtown Phoenix. It is a beautiful picturesque town that is home to a large fountain that can reach up to 550 feet in ideal conditions. The community has many nice homes that attractive to buyers looking to be further away from the city.
Goodyear was the third fastest-growing place among all cities and towns in Arizona of any size between 1990 and 2000. It’s home to the spring training facilities of the Cleveland Indians. The city government claims to be very friendly business and is always attracting new companies to the area to help create jobs.
Searching for the right home to flip can be a difficult task. There’s a lot of work and information that needs to be gathered in order to make an informed decision about buying a house you intend to fix and sell. It can be easy to stretch yourself too thin if you intend on examining every potential property that comes on the market. New foreclosures and home sales pop up everyday, so it’s possible to miss the ones that could give you the highest return on investment. Using a bidding service allows you to focus on more important aspects of your investments while someone else does the work of finding the best potential properties.
There are several different types and levels of bidding services for home sales. You can join a simple and often free service that includes a mailing list. This type of service can give you valuable information on housing trends and useful tips and tricks for flipping a home. You can sign up for a high tier of service that includes direct vesting of property into your business as well as daily reports on the state of sales and foreclosure properties. Often this service can include financial assistance so that you can gain the maximum amount of money on your investment.
A top level bidding service will include all the services of the lower tiers, plus lots of extra benefits that will only increase your chances of conducting a successful house flip. This includes things like daily top property listings and continuous updates on existing listed properties that you might be considering. This service can also come with customized driving reports. This allows you to get a close up and personal look at the properties you are considering investment in without having to drive all around the city yourself. This will free up valuable time for all your other important activities that contribute to your income.
House flipping seemed like a peace of cake during the housing boom of the mid 2000′s. Many people thought that the price of a house, no matter where it was or what condition it was in, would never fall. This lead to an upward spiral in prices and some people made a lot of money flipping houses and riding the upward wave. House flipping has not been quite the same in the last few years. In many areas of the country housing prices have seen a steady decline and so it is no longer possible to just randomly select a house to buy and expect to see a short term profit. But this does not mean that house flipping has become an unprofitable business opportunity.
Selection is key when planning for a successful house flip. Relying on a single set of eyes for searching through thousands of listings and criteria can be a laborious and ultimately unsuccessful process. There are many companies and services that help potential house flippers by combing through the countless foreclosure and home sales listings and finding the ones that present the best opportunity for investment. It’s even possible to find companies who will drive by potential properties, take pictures, and estimate all the costs associated with repairing the property. No one has time to drive around the city everyday to do this kind of research themselves. Employing a house flipping services company to conduct this kind of research can be an invaluable tool for getting the highest ROI in any house flip.