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Join The Fix and Flip Summit in Lakewood and Learn To Make Big Money in Real Estate!

[COMMUNICATED]  The Fix and Flip Summit.

The concept may sound simple, buy a house at a low price, fix it up, and then sell it for a profit. You may have seen fix and flippers on TV generating massive profits with relative ease. It may even seem that everyone is doing it! According to Trulia research – in 2016, 6% of all home sales were flips.

However, before you quite your day job, you need to learn the risks involved. Without doing proper homework, that massive profit can turn out to be a massive loss.

For this reason, the Riverside Experience is offering an immersive educational seminar on the residential investment business. The event will include expert panels featuring some of the industry’s most active players. Our goal is to help you avoid the pitfalls of a flip gone wrong!

Not only will you get the chance to learn from the best, but by bringing together a diverse group of investors, you will have the opportunity to network and hear how others are finding and executing their investments! You will also get some great food as well.

Click HERE to sign up and get started!

Join us on Wednesday 02.13.19 at the Eagle Ridge Golf Club, 2 Augusta Blvd Lakewood, NJ 08701.

CONTACT US HERE.

 

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There are 3 Comments to "Join The Fix and Flip Summit in Lakewood and Learn To Make Big Money in Real Estate!"

  • 123 says:

    THis topic is so important. It sounds so easy but there are so many pitfalls. I have friends who, right now, have houses on the market, beautifully redone & they’re not selling. Another thing many people forget is, when you resell, the realtor takes approx 5% of the sale price. Which sounds like nothing but, on a house that sells for, say, $300,000 – that’s $15,000. So, if you thought your profit was, say, $40,000 – which is a tidy sum for a few months of work, it suddenly becomes, $25,000 – which is not quite the same geshmack as $40,000. Sadly, I speak from experience. HAtzlocha RAbbah to all !! – BTW, I know nothing about this particular course & my comment should not be construed as an endorsement. But it sure sounds good.

  • JustWondering says:

    A little caution to people thinking of fixing an flipping. You can lose a lot of money doing it.Many people were wiped out in 2008/2009. It is all about timing, and right now with a lot of inventory, stagnant prices (after a steep appreciation), rising interest rates, it is a very risky time.

    Whatever you estimate the “fix” will cost, budget for the unexpected, and if you are looking to sell to end users, cheap laminate flooring, and resurfacing kitchen cabinets, is not going to cut it. Factor in purchasing and sales costs, interest if the home doesn’t sell right away etc. Very easy to lose money. You hear about success stories, no one talks about the failures.

  • Scary stuff says:

    Good points, 123 & Just –
    Also you need a trusty broker who can tell you the After Repair Value (ARV) of the house. You can NOT rely on Zillow. And a non-trusty broker will just say , yeh, yeh ,yeh buy it we can sell it no problem. And you buy it, sink in $1000s in repair and, whaddaya know, you cant sell it for that price.
    You really gotta be careful.

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