Flip This House Online

The buying and holding method of gaining wealth with real estate has its place. Over time real estate always appreciates, so you never lose, correct? There indeed may come a time in your business when you’ll want to hold onto a piece of property, but not in this economy. If you’re just starting out as a real estate investor in DC, flipping houses may be an ideal way to get started.

There are three ways that you can flip real estate in DC. The first way is known as retailing. What this means, is that you buy a house in bad shape, rehab it, then turn around and sell it. There are a variety of houses in need of repairs out there, and several ways that you can quickly flip real estate in DC to net profit. You need the right contractos to do the work correctly the first time in order to make the most money.

The second way you can flip real estate in DC is wholesaling. Wholesaling involves finding a property for sale then flipping it to an investor for a fast profit. You may not make a lot of money off of these transactions but you’ll turn over a lot of properties in the process.

I’ve always found that you’ll need to know best way to fund your transactions so that you don’t tie your money up, the heavy-hitting real estate investors in your area, and the best types of homes to flip the best. Since you’re interested in the DC area, you’ll find that using the wholesaling method of flipping real estate is actually easier to accomplish.

The third method to flip real estate in DC is by assigning the purchase of the property. Using this method, you’ll commit to buy the house, but instead of closing the deal yourself you’ll assign it to a real estate investor for a small fee. The investor will take the contract over and close the purchase himself. Extremely profitable, assigning property works well especially if you invest in the right house. You also need to determine the assignment fee.

When investing in real estate in DC, you need to learn all about flipping houses. Flipping houses is very profitable once you have learned the basics. The first and third methods are the best; though they both require additional reasarch on part the part of the investor.

Rehabbing homes isn’t easy; a team of qualified contractors, attorneys and real estate agents may be required to handle any of the issues you will face. Assigning the purchase may be difficult when you first start out, although it will get easier with time. Persistence pays off. Always do your best to make a profit and you’ll be an expert at flipping houses in DC in no time at all.

Dave Hickman is the first to admit some people might be scared off by the house he’s flipping on West 10th Street; it needs major work.

The idea behind house flipping is to buy a run-down house in a good neighborhood and bring it up to par. Flipping in a nutshell is purchasing a property, fixing it up and reselling it as quickly as possible for a profit.

Some might be daunted, but not Hickman. He can see a diamond in the rough. The small, 1920s-era, three bedroom home on West 10th is in need of some TLC as well as some alterations that go beyond cosmetic. An addition on the back of the house will require work that goes beyond his expertise.

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Quick-flip deals on new homes are long gone. It’s the Valley’s growing number of foreclosures that has caught investors’ attention now. Last month, Ray and Elaine Balderas bought two foreclosed homes in south Phoenix. The couple paid about $100,000 each. The median price of a Valley home is $220,000.

Unlike investors who got burned by tapping all the equity in their homes a few years ago to invest, the Balderases tap only a small portion of their home’s value. The pair bought a house on a couple of acres a decade ago for $140,000. It recently appraised at $875,000.


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Flipping houses is the most tried-and-true way to make a fortune in real estate, but with the current slump in the housing market, the casts of A&E Network’s series FLIP THIS HOUSE are facing hard truths and real panic as they return for a 4th Season.

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