Buy, Fix, Flip and wholesale advice can raise your level of professionalism, enhance your understanding and pilot you into your real estate journey.

PURCHASING HIGH QUALITY PROPERTIES

One of the possibilities of a good flip is locating a property that doesn’t need much repair. Saving labor-cost, time, and money for additional improvements, appliances, fixtures, & structural defects. Can expedite your resale (Flip).

Buy Fix Flip and Wholesale

This may also increase the profit margin. At real estate resource NYC, we have been included in real estate and finance for over 100 years. Our support team includes but is not limited to real estate brokers, agents lending institutions, attorneys, trainers, instructors and mentors. There are some of the most high-minded individuals in these times when flipping property is your plan of action, properties can be in low cost to more expensive areas.

However, first be informed about the minimum and maximum loan amount. Lenders have a comfort zone in amounts they can lend. If it is too low or too high your will limit the qualified buyers.

It may be your choice where you would like to find properties. Of course, in your own neighborhood is a good place to start. Notwithstanding the fact that the entire country is open to you.

THE PACE OF THE PACK IS THE SPEED OF THE LEADERS!

Buy, fix, flip and wholesale may not be a long-term process. There can be countless days of frustration, disappointment and rejection. We either make ourselves sad or we make ourselves strong. The amount of effort is the same.

A real estate deal is less complicated than you think, real estate resource NYC will keep you moving forward.

Fixing property does not have to take much time but when you are not doing it yourself, you must move cautiously!

Your knowledge of construction costs is of the utmost importance. There are construction crews that work with speculators and flippers that know the routine.

A HOT REAL ESTATE DEAL CAN PROVIDE AN “OPPORTUNITY OF A LIFETIME”

Properties that are outdated, indeed of major repair or in good condition still provide a possibility of a below-market deal that can be executed. When securing a buyer to flip your deal you can include many sources that will be more than satisfied to work with you.

When the buyer arrives be sure to authenticate the pre-approval commitment letter, proof of funds, and who will be making the decision.

When there are circumstances that a quick deal is called for you must be “ready, willing and able”.

Currently there are other types of real estate properties that are not the typical fix deal. Fire, severe water damage, collapsing foundation will need significant improvement. That’s the kind of real estate that takes more consideration, experience, funds and more time.

Regardless, can render a higher rate of return.

Keep your eyes and ears open for when you come across a row of newly built homes that may have been 90 percent completed. The builders may have run out of funds with influence, capacity you can take control and possession.

How?

What you need more than anything else is to have that uncanny understanding of what matters to others.

A high degree of competency and skill emanates from practice, repetition, education and people!

For more information contact RealEstateResourceNYC.com or call 718-266-9700

Or Signup Online for our BUY FIX FLIP AND WHOLESALE Course (BFFW),

Ben DiCostanzo

Founder

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Here are their top pieces of advice.

Don’t be embarrassed about being broke. “I think there’s a stigma about getting a real estate license being expensive. That’s just not true.” — John Larizadeh, New York, One Washington Square

Don’t start too late. “If you want to jump into it early, you have to be really dedicated. Real estate is not a lucrative job. It’s just a job, you know? But you have to have an absolutely different attitude when you do that, because it’s a field where you can earn a lot of money but also lose a lot of money in a short amount of time, and that’s what everyone always tells you — you have to work really, really hard.” — Sarah Cohen, team lead Chelsea NYC

Tread lightly with finances. “You will also face frustrations with payments. There are a lot of steps, a lot of paperwork, which can take up a lot of time. They’re like icebergs, actually.” — Andre DeLeo, broker, Chelsea NYC

Real Estate Resource NYC https://realestateresourcenyc.com/ helps 1000’s of peoples to become a successful real estate agent in NY especially NYC and located in Brooklyn NY, Queens NY, Manhattan NY, Bronx NY and Long Island. We are the No. 1 Real Estate Resource in the country and we have been providing a service to real estate agents for over 35 years.

Think smart. “Think about real estate as a business. It’s just like any other business.” — Kevin Hennessy, team lead, Chelsea NYC

Remember, it’s a business. “You don’t have to jump into this as a career, because it’s hard and time-consuming and you get burnt out really so quickly. And you’ll have a really hard time making any money. If you do want to work it, go in as a side hustle. Do it on the side.” — Brian Trautwein,  Manhattan NYC

Real Estate Resource NYC offered Online Review Course For NYS License Exam provides online review courses and interactive courses to give you an edge in the real estate market.

Don’t try to get rich. “Not everyone has to make a million dollars. Real estate is not a form of employment where you go in and make a lot of money. If you work for someone else and you’re in a management position and you make your goal to make $10,000 or $15,000, but they’re making $100,000, you’re just not going to be on the same playing field. You can make that amount of money, but I would say, that’s not going to be the goal.” —Javier Palomarez, president and CEO of the Hispanic Chamber of Commerce of New York

Do your research. “A big misconception need to clear here that real estate is just about putting a sign in the front yard and going out and trying to sell homes. It’s not. You need to know the legalities, you need to know the regulations, you need to know how to market your listings, and all these other aspects that are associated with it. Once you’ve done that, that’s when you start seeing how you make some real money.” — Andre DeLeo

Don’t aim for No. 1. “This is a competitive industry. If you’re working your way up, you can become No. 1 in the city, but at the end of the day, you’re not going to be No. 1 in the county. What is important is having a stellar reputation that stands out in the market. By that, we mean, people know they can come to you for your services and that you have the reputation to provide it.” — Joe Ehrmann, Chelsea NYC

Legally, the top real estate deals — the ones in which agents get multiple deals and their profits are going to be significant — are reserved for the agents who win a competition or a competition. “To be No. 1 in that industry, a person has to take that title and then immediately turn around and put it in the bank, not spend it. So there’s a reason why it’s considered a profit-sharing program.” — Meghan Weber, New York

“If you’re really wanting to make big money, then the only real way to do it is to become a company or large owner-operator. But that’s very, very difficult, so it’s really about getting these leads in the first place. The only way to get leads is to connect with people through referrals.” — Fernando Torres, Manhattan NYC.

Even when you are top in the market, everyone wants you. “The No. 1 misconception that is on people’s minds is, ‘How can I make the most money in real estate?’ It’s really, like, ‘How can I make the most money in real estate in my most profitable sector?’ And the honest answer is that you’re going to make the most money by focusing on what your strengths are and you’re going to capitalize on the strengths that you have.” — Debra Halpern, NYC.

Real Estate Resource NYC https://realestateresourcenyc.com/ helps 1000’s of peoples to become a successful real estate agent in NY especially NYC and located in Brooklyn NY, Queens NY, Manhattan NY, Bronx NY and Long Island. We are the No. 1 Real Estate Resource in the country and we have been providing a service to real estate agents for over 35 years.

Real Estate Resource NYC offered Online Review Course For NYS License Exam provides online review courses and interactive courses to give you an edge in the real estate market.

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