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How To Stay Ahead of Changesin the Real Estate Industry
centerstreetlending.com
The real estate businessis always changing.
Center Street Lending can help you stay ahead.
The house flipping industry has undergone dramatic changes,
but it has grown even more profitable during that time.
According to RealtyTrac, the average gross profit on a flipped
home in the second quarter reached $62,000, a 10year high
after the flipping business has been retooling for the past two
years.
Learn to become a successful flipper
by analyzing recent changes that
have occurred over the past ten
years and what lessons you can
apply to your skills.
Read more at
CenterStreetLending.com and follow
us on Twitter and Facebook.
centerstreetlending.com
Becoming licensed helps
with researching available
homes because you will be
able to access to the multi-
listing service (MLS) in your
community.
Licenses
The House Search
A real estate agent also will
be able to tell you if these
properties are owner-
occupied sales or estate
sales
Agents
The percentage of buyers
paying with their own cash
as flippers has climbed to
nearly 70 percent this year,
nearly double what it was 10
years ago.
Cash
RenovationYou’ll need to look at opening up the
floor plan, adding more expensive
amenities, particularly wood or
laminate floors and kitchen upgrades
such as marble or granite countertops
and stainless steel appliances, and a
master suite with bathroom.
centerstreetlending.com
SELL!
Sell at your target price. A tightened housing
market helps when you sell your newly
renovated home. While interest rates remain
low, more home buyers are getting into the
market, leading to bigger profits.
Do yourresearch, andfind a home ina desirable
neighborhood.
Make sure you have the cash to make therenovations necessary to make it sell.
CONTACT US
Center Street Lending
Find us on Twitter@CenterStLending
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