FixtoFlip.com

SEO TIPS: Does your website bring in New Business?

2008-10-26T15:31:00.000-07:00

Many real estate professionals were provided with a website from their Real Estate Agency and others decided to purchase one on their own. Many website companies will charge you a reasonable fee to provide you with a user-friendly website. However, here is the million dollar question! Is anyone finding your website?

Did You Know?

The NAR Profile of Home Buyers and Sellers has found annual percentage of home buyers using the internet as their source was 84% for 2007. Also, did you know approximately 80% of home buyers are finding their realtor online and typically selecting the first one they see online? So, are you the realtor their finding online? How well does your website rank on Google, Yahoo or MSN? Have you ever checked?

These are important questions for each realtor to consider. As more and more information becomes available to the savvy home buyer, they are taking advantage of all the key resources before talking to an agent. What can you do to help position your business for success online?
Consider searching for a reputable Search Engine Optimization (SEO) consultant to develop a personalized Search Engine Marketing (SEM) plan for your business. Here are a few services that should help:

Research: Your SEO webmaster should do an evaluation of your website to determine the best keywords and keyword phrases for your business.
Assessment: You need to know what is your current ranking. Is it poor? Do you have this wonderful looking website, but no one is finding it! Or, are you rankings great? What are your current rankings on Google, Yahoo and MSN? The consulting company should be able to generate a report on your ranking against the best keywords (phrases).
Development: The Company you choose to work with should be able to document an SEO/SEM Plan. You might not understand everything in it, but that is ok.
Consultation: Spend some time with the SEO Company going through the plan and get a basic understanding of the work being performed and how long it will take for them to complete the work.
Budget: You need to think about this prior to even calling someone to help with your SEO issues. SEO work is not cheap, but the time, resources and effort your SEO consultant puts in is hard work. Trust me on this one, I have been doing this work for my own websites and it is very time consuming.
Metrics: Make sure they provide you with a baseline of metrics, so you understand where you website is ranked and positioned today. This is very important! Once they have completed their initial work, your website is indexed again and now you can rerun your metrics to evaluate the improvements.
Patience: SEO work is very tedious and not an exact science. It will take time to improve your rankings. (Months) Try to get a fixed cost contract for the initial work and then an on-going maintenance contract for the SEO master to continuous improve your rankings.

Again, is anyone finding your business online?

I hope this information is helpful to you. Take Care.

Dan Dunleavy
President, FixtoFlip Inc (The Tools and Resources you need to Fix and Flip Real Estate Profitably!)
484.883.9114 or visit us at http://www.fixtoflip.com/
(New) We are now providing the latest Finance & Investment Video News all updated daily. Check out this link: http://www.fixtoflip.com/news.php?#42

Can You Increase Your Business Through Buyer’s of REOs?

2008-08-12T13:53:00.000-07:00

The (total) number of real estate transactions is down. For most realtors this means less business and less income. The number of foreclosures is way up! Combining these two realities opens up a broad new category of opportunities for agents with vision, patience, and creativity is a key to success in this rocky market. Sales of foreclosure properties have been climbing and the numbers are expected to continue for some time. Listing foreclosures is not for the faint at heart but bringing buyers to the table can be good business! The most accessible (from a buyer’s point of view) type of foreclosure property is the REO (Real Estate Owned).

A quick summary of the foreclosure process might be helpful here. When a lender decides that they must take action to protect their interest in a failing loan, they must file a Notice of Default (NOD) or in some jurisdictions lis pendens. This is the first time the bank is required to publicly pronounce their intent to act on their interest in a specific property. The borrower is given a time to cure by statute and the time varies by state. At the end of the cure period an auction on the county courthouse steps is held. This is usually called a Trustee Sale. The buyer is almost always the lender. Once the lender takes the title to the property it becomes an REO. The lender can now sell the property just like any other property owner.

Each property can only be listed by one realtor but a buyer’s agent can show many available properties. The competition for REO listings is intense and the institutional owners’ expectations are high for the listing broker. Buyer’s brokers have more flexibility in their approach to the booming REO market. Hundreds of thousands of buyers are surfing the net on a daily basis to find foreclosed properties.

The realtor that can deliver an extensive list of available properties, including foreclosed REO properties, to potential buyers will have more to show and offer their clients and they will ultimately close more deals and make more money. A buyer’s agent, armed with an accurate list of bank-owned properties for sale, has a real advantage. We are working to bring products to market to assist realtors who wish to explore this market.

Want to get in on the action so many others are experiencing? Share your thoughts on the topic and expand your business opportunities. Click Here

Dan Dunleavy
President, FixtoFlip Inc (The Tools and Resources you need to Fix and Flip Real Estate Profitably!)
(954) 889-7092 or visit us at http://www.fixtoflip.com

How to Make Your Home Recession Proof?

2008-06-01T06:55:00.000-07:00

FixtoFlip.com was asked to share our thoughts for this article. We were glad to have the opportunity to work with MainStreet.com and they did a terrific job on the article. Here are a few thoughts from the article:
Home improvements can also increase your asking price when you sell, and can result in your home being sold sooner than later. (Of course, where your house is located should always be considered before you begin recession-proofing your home, not every home will benefit from home improvements in the same way.) Here are a few tips to recession-proof your abode:

CURB APPEAL Spend a little time on landscaping. "Within the first 30 seconds, people are passing judgment on your house," says Dan Dunleavy, CEO of Fix to Flip. If you’re a do-it-yourself type, then this will cost you absolutely nothing for labor. A quick trip to Sears (SHLD) is a good place to start for landscaping tips. Hiring a landscape artist on, say, Craigslist might cost you $22 an hour and up. The payoff is a house that might be easier to sell. GET BEAUTIFUL ON THE INSIDE "Flooring, painting, carpeting and molding" are the first things you see when you walk through the door, says Dunleavy. It should be "eye candy," which means no carpet that predates the birth of its homeowner. Other rooms to modernize? The kitchen and the bathroom. "People want a bathroom that looks appealing," says Dunleavy. "They don’t want a stone age bathtub or sink." A contractor might hit your wallet "pretty hard" but there are websites, such as the Do It Yourself Network that can help you with your own home improvements. And even though a new toilet from Home Depot (HD) might cost you $149, the added value is real. "Bathrooms are a big deal," says Dunleavy
There are more ideas in this article. To read the full article go to: MainStreet.com

Dan Dunleavy
President, FixtoFlip Inc
(954) 889-7092
http://www.fixtoflip.com/
The Tools and Resources you need to Fix and Flip Real Estate Profitably!

New at FixtoFlip.com:
Flip Tips White Papers
FixtoFlip.com Newsletter

Other Blog Entries:
Flip Tips: (Flipping Houses) How do I find a Home Inspector?
Flip Tips:(Flipping Houses) Buyers Market, so Why not invest?
Flip Tips (House Flipping) A Newer, Smarter, Flipper
Flip Tips 2. (Getting Connected) Flip Tips (House Flipping or Rehab)
FixtoFlip.com has a New Integration for Adding House Flipping (Rehab) Properties.
Watching The Numbers
Not All Doom and Gloom

Secrets in Buying a Bargain Property!

2008-05-01T11:50:00.001-07:00

You would be surprised how your business and personal relationships can help you find your next FixtoFlip bargain properties. You truly get the best deals by finding the property early and discovering the real bargains. Negotiating the selling price is truly where must flippers make their money! Investors understand finding the FixtoFlip bargains can take awhile in order to find a diamond in the rough but with patients, the right network relationships, and bargaining to get your price. You can succeed!

Networking is key to finding your next flip and there are many personal and business relationships to consider for your next FixtoFlip bargain. Let me share a list of potential areas of finding your next deal. Please keep in mind I don’t condone all these types, but wanted to share a list for your review.

- Friends
- Networking with Realtors
- Newspaper
- Banks or Lending Companies
- Lawyers
- Local Accountants
- Foreclosure Websites and Reports
- Sherriff Sales Listing on Websites or Newspapers
- For Sale by Owners
- Nursing Homes
- People in Financial Distress
- Neighbors for Referrals
- Finding Houses Look Vacant and Grass is High
- Families Inheriting Properties They Can Not Use
- Networking with Agencies
- Foreclosure website
- Local Contractors

- FixtoFlip.com

I hope you find this list helps you to discover your next flip!

Dan Dunleavy
President, FixtoFlip Inc
(954) 889-7092
http://www.fixtoflip.com/
The Tools and Resources you need to Fix and Flip Real Estate Profitably!

Other Blog Entries:

Flip Tips: (Flipping Houses) How do I find a Home Inspector?

Flip Tips:(Flipping Houses) Buyers Market, so Why not invest?

Flip Tips (House Flipping) A Newer, Smarter, Flipper

Flip Tips 2. (Getting Connected) Flip Tips (House Flipping or Rehab)

FixtoFlip.com has a New Integration for Adding House Flipping (Rehab) Properties.

Watching The Numbers

Not All Doom and Gloom

Flip Tips: How do I find a Home Inspector?

2008-04-02T15:43:00.000-07:00

A home inspector can be exceptional at uncovering surprises in a potential house flip. So, don’t take a home inspection lightly! If you are not a qualified general contractor or experienced in home inspections, we recommend you to hire a professional.

Each home inspection service will have an initial cost for their service to identify any minor or major flaws with the property. This is money well spent if it saves you from making a serious financial mistake by selecting the wrong fixer upper or house flip.

Consequently, Flipping Houses requires you to do a full inspection and document all the damages, flaws, or issues, so you can accurately access the cost of repairs.

Here are a few things to consider when selecting your home inspector:

What is your experience in inspecting potential house flip properties?
What do they charge for their service?
Do you have a sample of your report?
What is included with their service?
Do they charge extra for septic inspection?
Where were they trained?
Are they continuing with their education and where?
Are they properly insured? And, by whom?
How long does it take for you to perform your inspection? (If they tell you 1 hour, move on to the next candidate. An average inspection can take approximately 2 to 5 hours depending on the size of the property.)

There are a few good methods for finding the best home inspector. If you are working with a great real estate agent, typically the agent’s home office will have a few referrals of their favorite home inspectors. Or, consider one of these websites to find your next home inspector.

Home Inspections USA: http://www.homeinspections-usa.com/

American Society of Home Inspections: http://www.ashi.org/

HomeInspection.com: http://www.homeinspection.com/

Dan Dunleavy
President, FixtoFlip Inc
(954) 889-7092
http://www.fixtoflip.com
The Tools and Resources you need to Fix and Flip Real Estate Profitably!

Other Blog Entries:
Flip Tips:(Flipping Houses) Buyers Market, so Why not invest?
Flip Tips (House Flipping) A Newer, Smarter, Flipper
Flip Tips 2. (Getting Connected)
Flip Tips (House Flipping or Rehab)
FixtoFlip.com has a New Integration for Adding House Flipping (Rehab) Properties.
Watching The Numbers
Not All Doom and Gloom

Flip Tips: (Flipping Houses) Buyers Market, so Why not invest?

2007-12-27T13:37:00.000-08:00

There are ton more properties for sale then there are buyers. This is one of the best buyers markets we have seen in years. So, what is holding you off from buying your house, investment property or next house flip?

With the excess of properties for sale, you have complete control and can negotiate some truly amazing deals. For example, sellers or banks might be willing to take a much lower offer to move the property, consider paying your closing costs or providing some type of seller assistance. You need consider the number game before the purchase or before you negotiate your deal. But, the timing is ripe for the picking.

Consequently, the real questions are:

Home Buyers: Why aren’t you buying a house today? The prices aren’t going much lower, so why wait.

Investors: Are you looking for a second home in the mountains, lake front or beach? Well, what are you waiting for? There are so many properties for sale in resort areas, so negotiate your deal.

Flippers: Are you looking for your next flip, but nervous on whether to buy? Well, know the numbers and use the right tools to project your expenses, assume a slower resale cycle and account for finished property being completed below the other listings prices in your market. A little hard work and preparation can make the difference between success and failure.

I hope each of you have a Happy Holiday and prosperous New Year!

Copyright © 2007. FixtoFlip Inc. All rights reserved.
Dan Dunleavy
President, FixtoFlip Inc
(954) 889-7092
http://www.fixtoflip.com/
The Tools and Resources you need to Fix and Flip Real Estate Profitably!

Other Blog Entries:

Flip Tips:(Flipping Houses) Buyers Market, so Why not invest?
Flip Tips (House Flipping) A Newer, Smarter, Flipper
Flip Tips 2. (Getting Connected)
Flip Tips (House Flipping or Rehab)
FixtoFlip.com has a New Integration for Adding House Flipping (Rehab) Properties.
Watching The Numbers
Not All Doom and Gloom

(House Flipping) A Newer, Smarter, Flipper

2007-12-17T15:56:00.000-08:00

In the early part of the decade, people were flipping houses with the same ease and success as the stock daytraders of the 90s. There was no shortage of homes to fix and flip, and in a staunch sellers market, the ROI on even a modest mid-market home could net huge investment returns for novice flippers.

Now, the market has changed. Many areas are flooded with properties for sale and residential lots are not moving as fast as once did. Mortgage rates, although still at an all-time low, are higher than they were in the flip-centric heyday. Consequently, many analysts and real estate watchers have declared the end of the fix to flip, resulting in the exodus of many of the “make-a-quick-buck” rehabbers from the market.

Who’s Flipping Now
Fixing houses is not without risk and given these conditions, this may seem like a scary time to jump into the flipping market. Like any business venture, you can plan and protect and create contingencies, but cannot plan for the unexpected. The difference though, between the new, serious flipper, and the flippers of years past, can be summed up in four words: research, planning, partnerships and management.

The smart flippers today are doing more homework than their predecessors. While flippers of the past may have conducted some preliminary market research, the new flippers are conducting more extensive research and documenting that research in their plans. The extra research allows the flipper to get a more precise picture of his or her investment property.

New flippers are also planning and managing their expenses more diligently than ever before. Instead of just a cursory evaluation, new flippers put the proper tools and resources in place prior to purchasing. New flippers use schedules and spreadsheets that detail costs and expenses, helping flippers determine the ROI before a purchase. Additionally, the new flipper creates and follows a schedule, ensuring that inspections, repairs, improvements, etc. are completed on time and within budget.

Partnerships are also key in the current short-term real estate market. Real estate service partners allow flippers to focus on the overall project, not get caught up in the details. The smart flippers assemble teams that include trusted realtors, mortgage brokers, home inspectors, contractors, and other professionals to ensure that the process moves smoothly, efficiently, on time and within budget.

The new successful flipper has one more quality not generally found in the flippers of the past: patience. Where flippers of the past may have been eager to turn a quick buck, the new flipper is more apt to wait for the right buyer or market condition before turning the property over. New flippers also have more sensible profit goals, realizing that the inflated profit gains of a few years past are probably not realistic in the current market.

Plan for Success!

Copyright © 2007. FixtoFlip Inc. All rights reserved.
Dan Dunleavy President,
FixtoFlip Inc (954) 889-7092
http://www.fixtoflip.com/
The Tools and Resources you need to Fix and Flip Real Estate Profitably!

Other Blog Entries:
Flip Tips:(Flipping Houses) Buyers Market, so Why not invest?
Flip Tips (House Flipping) A Newer, Smarter, Flipper
Flip Tips 2. (Getting Connected)
Flip Tips (House Flipping or Rehab)
FixtoFlip.com has a New Integration for Adding House Flipping (Rehab) Properties.
Watching The Numbers
Not All Doom and Gloom

Flip Tips 2. (Getting Connected)

2007-12-11T19:39:00.000-08:00

Finding the right partners may make or break your business!
You may remember in one of my previous blogs I emphasized the importance of partnering with the right professionals. You need to determine your needs or weaknesses and find someone you trust that is skilled in these areas.

We recommend partnering with an experienced house flipping Real Estate Agent and very skilled General Contractor. Having a great General Contractor can save you from making a poor investment decision. Utilizing an experience Real Estate Agent in house flipping can spot the best property investment buys. Some real estate agents have actually flipped houses themselves, so ask the obvious to your agent. What is your experience in finding houses to flip? Or, have you ever flipped a house?

Once you find an agent, help them to understand the type of properties you are willing to consider:

In side the city
Suburban areas
Price Range
Type of Flip (major, minor, etc)
Distance you are willing to travel

You get the idea! Your real estate agent is so important to your business and should be treated as an asset in order to make the right investment decision.

On the other hand, you will want to get a more formal agreement or contract with your General Contractor. First, meet to agree on the general terms of the arrangement. Second, discuss how the General Contractor will be compensated (% up front, labor & materials, or maybe a percentage of profits). There are many different types of arrangement that might work well for your business situation. You must also consider whether you want to use legal council during your arrangement. For many, this comes down to how well you know the person, but friendships can be ruined by not having a very clear – well spelled out agreement. Many software packages offer Home Remodeling Agreement of sorts that may or may not meet your needs.

An Interesting Story.
One quick story. I have a friend let’s say his name is “Bob”. Let’s protect the wounded. Bob was the financial property investor and bought a great fixtoflip property with his General Contractor (GC). Bob and the General Contractor were friends and agreed to purchase a rehab property investment together. Now, Bob decided he knew the GC well enough to not have a formal contract or agreement. Also, they agreed to have a kitty of money for the GC to pull from for his labor pay and material costs. Unfortunately, they did not have a good system in place for tracking all of the receipts. You can see where my story is heading.

I’ll cut to the chase. The property needed much more work than was anticipated and the whole job took 3 additional months to complete, beyond their projection. The total time was 6 months. They went well over their budget and now need to sell the property immediately. His friend the GC feels they don’t need a real estate agent and can sell the property themselves, which is very difficult with this tough market. The GC also wants 50% of the profits, but does not want to account for the labor dollars that were already paid out for his time. Now, we all know this is quite an unusual case, but drives home my point on the importance of an agreement!

Bob asked for my advice and my suggestions were:

Get a Real Estate Agent immediately, so you can move this property. It looks great, but they might have trouble recouping their total investment.
Get a mediator to discuss the issues with the GC and try to reach an agreement with the money paid out versus the profit in the property. Once agreed, get it documented and signed immediately.
They need to get the property noticed, so it can move quickly. Try marketing the property through a video to generate more market visibility. I suggest using AgentCasts. They produce high quality videos and they distribute your property to over 30 websites. The emphasis was to drive more attention to their property listing by marketing it much broader method.
Don’t do business with Bob again! I had a chance to meet Bob and he does not know the meaning of being reasonable.

What has been your experience with partnership either good or bad? Please share your thoughts to help others.

Dan Dunleavy President, FixtoFlip Inc

(954) 889-7092

http://www.fixtoflip.com/

The Tools and Resources you need to Fix and Flip Real Estate Profitably!

Other Blog Entries:
Flip Tips:(Flipping Houses) Buyers Market, so Why not invest?
Flip Tips (House Flipping) A Newer, Smarter, Flipper
Flip Tips 2. (Getting Connected)
Flip Tips (House Flipping or Rehab)
FixtoFlip.com has a New Integration for Adding House Flipping (Rehab) Properties.
Watching The Numbers
Not All Doom and Gloom

Flip Tips (House Flipping or Rehab)

2007-11-29T05:14:00.000-08:00

Information, Information, Information

While location is a huge piece in the home purchase puzzle, there are many other smaller pieces that must be addressed in determining whether to invest in a fixtoflip property. You need to consider whether there are any other additional costs or other hidden property issues.
Remember whoever you sell to will most likely make this property their primary residence, so one of the questions to ask yourself is whether the property is readily accessible to amenities like stores, schools, and churches.

The Right Questions - Right Now!

As the initial buyer of the property you are entitled to ask questions. Ask many questions, ask often and don't settle for half answers. If you don't feel comfortable with the information being provided to you by the seller or their realtor, then it's time to walk away.
Below are few examples of common things to consider and ask your potential seller or their legal representative.

1. What area is the property located?
2. Is the property in a good return area or up-in-coming area?
3. What are they willing to accept for the property?
4. Who owns the property? (Private Sale, Bank, etc.)
5. What condition it the property in?
6. What is their motivation for selling the property?
7. Is it a major or minor fixtoflip property? (Can you have the project completed in 2 months or 6 months?)
8. What are the comparison properties selling for? (Assuming the properties is restored to pristine condition.)
9. How much land comes with the property? What value does it have?
10. Is the water and sewer on-site or public? (If sewer is onsite, please make sure your get it inspected!)

What are some of the questions you like to ask about an investment property before purchasing?

For more information on House Flipping Tools at FixtoFlip.com

The Tools and Resources you need to Fix and Flip Real Estate Profitably!

FixtoFlip.com has a New Integration for Adding House Flipping (Rehab) Properties.

2007-11-21T04:56:00.000-08:00

Well here is our latest update. We spent the last 3 months working directly with a New England MLS organization to be able to expand our property listings on our website. We now have over 150 property listings in the New England area and this number is growing each week!

This direct integration provides new property listing daily and is updated promptly each morning for our members. This creates an enormous opportunity for property investors to have a “one –stop” website to find their next real estate investment for house flipping.

Our goal is provide our members with an excellent opportunity to be successful in performing their next flip. We see this strategic partnership with the New England MLS organization the first of many in providing our members with true fixer upper (rehab and flipping house) ready property listings!

To celebrate this achievement, we are going to offer immediately a 60% discount on all new “House Flipper” memberships from $49.95 to now only $19.95. We wanted to establish an affordable compelling price point, enabling new real estate investors the opportunity to get started in learning this business and taking advantage of our new listings.

Copyright © 2007. FixtoFlip Inc. All rights reserved.
Dan Dunleavy President,
FixtoFlip Inc (954) 889-7092
http://www.fixtoflip.com/
The Tools and Resources you need to Fix and Flip Real Estate Profitably!

Other Blog Entries:
Flip Tips:(Flipping Houses) Buyers Market, so Why not invest?
Flip Tips (House Flipping) A Newer, Smarter, Flipper
Flip Tips 2. (Getting Connected)
Flip Tips (House Flipping or Rehab)
FixtoFlip.com has a New Integration for Adding House Flipping (Rehab) Properties.
Watching The Numbers Not All Doom and Gloom

Watching The Numbers

2007-08-18T06:59:00.000-07:00

Fixing and flipping houses is a very scary proposition for someone new entering into this business! Like any new business, you need to protect your investment by doing the proper planning and build in the appropriate contingencies to ensure your success rate. The difference in today’s market is the savvy investor must account for many obstacles to ensure success.

The new flippers are smarter and doing much more preparation work before taking on a flip. Please consider these three points, among many, for positioning your business for success.

Price: With today’s market being flooded with properties, you must consider how cheap you can buy a property. Price is probably the most important aspect for a successful flip. You have to purchase the house for a price way below the market to ensure a reasonable profit. Equally important you need to understand, with a weak market, how much you can realistically sell the flip for! Now for the hard part, how much money is it going to take to complete all the improvements? These are all important numbers in calculating a successful flip, so again do the proper planning and know these numbers prior to ever making an offer on a flip!

Partnerships: Don’t be afraid to forge partnership with the right organizations to help you with your flip. Ask yourself, what do I need to be successful? Are you not good at construction? So, recognize this and forge a relationship with a contractor. Are not sure you have the assets to finance the flip? So, realize this and begin forging relationships with a lender, broker, or angel. Determine what will make you successful and move on it.

Patience: Don’t take on first property you see. Please use the appropriate financial tools to calculate your numbers, prior to making an offer on the flip. You need to ensure the numbers work or walk away from the opportunity. Also, keep in mind it will take you much longer to sell your flip in today’s market. Therefore, you need to account for a longer sales period, which will extend your investment, assets, and the amount of mortgage payments. It may take you 6, 9, or even 12 months to resell you flip to recoup your investment. Make sure you understand your market and the constraints in reselling your property, so you can again do the proper planning.

These are just a few thoughts for you to consider as you move into your flip business. There is and will always be risk in flipping houses. You need to recognize your risks and do the proper planning to ensure your success!

Copyright © 2007. FixtoFlip Inc. All rights reserved.
Dan Dunleavy President,
FixtoFlip Inc (954) 889-7092
http://www.fixtoflip.com/
The Tools and Resources you need to Fix and Flip Real Estate Profitably!

Not All Doom and Gloom

2007-05-06T19:11:00.000-07:00

There are many interesting articles and news sharing how tough the real estate market has become. Many areas are getting flooded with properties for sale and properties are not moving as fast as they use to. However there is still good news!

It is not all Doom and Gloom in the real estate market! Interest rates are still at long time low. Also, there are many properties for sale, which gives you bargaining power to offer a low bid on the property. Home owners sold nearly 6.5 million houses and condos last year and this year the National Association of Realtors expects are projecting almost as many this year.

In my area, when a good "As Is", "Fix Up", or "TLC" properties becomes available. There are typically 7 to 8 people in looking at the potential flip the first day, so for us it is very competitive. You need to be able to quickly understand first is the property worth even looking at. Remember there are now emotions in flipping, simply a numbers game. We typically look at the Comps immediately to see what is happening in this area. Here are few things we look at:

What are the comparable properties selling for in the last year?
How quickly did they sell?
Is the square footage comparable?
Is the age of the house a good match?
And more..

Depending on our initial assessment, we determine whether the property is worth our time. If it is, you need to be ready to rock and roll. Things to think about:

How quickly can you do a property inspection?
How quickly can you determine your expenses?
How quickly can you get accurate comps?
How quickly can your calculate your estimate return?
How quickly can you determine whether to make or not make an offer?

This flipping house business is no longer as easy due to the turnaround in the market. You are no longer going to get the gifts of a booming market and hefty investment return. However, if you devise a smart business plan, take into account the tougher market, and have tools to manage the business. You will greatly increase your chance of successfully flipping with a satisfying return!