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How to Buy a Foreclosure: Your Go-To Guide to Distressed Properties

HomeLight

You’re reading through a new MLS listing, and you believe you found your ideal home. However, as those forbearances end toward the later part of 2021, foreclosures will likely become more readily available and may even hit the market in droves, says Florida real estate agent Christina Griffin , who has 20 years of experience in the industry.

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A 2023 Guide to Flipping Houses in California: 5 Cities to Consider

HomeLight

Since flippers don’t have a crystal ball to see the future, the industry has developed the 70% rule. Fannie Mae’s HomeStyle Renovation loan : This is a kind of loan offered by certain lenders that will finance the purchase of the property as well as the costs of the renovations — all wrapped up into one mortgage.

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Flipping Houses in Ohio? 5 Cities to Consider

HomeLight

After all, someone needs to buy that house you’ve just renovated , and your chances of a quick sale — at a desirable price — are much higher in a location where people want to live. Jenkins also notes that now is a great time to buy and hold a property — as opposed to renovating a house and selling it immediately. “I

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A 2023 Guide to Flipping Houses in Georgia: 5 Cities to Consider

HomeLight

Flipping houses has never been a more desirable pursuit, no doubt thanks in part to the vast popularity of home renovation shows. Since flippers don’t have a crystal ball to see the future, the industry has developed the 70% rule. Whether you’re interested in flipping the occasional house as a (hopefully!) During this time, 12.9%

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Flipping Houses in Massachusetts: 5 Cities to Consider

HomeLight

As home renovation shows have skyrocketed in popularity in recent years, so too has the business of flipping houses. After all, someone needs to buy that house you’ve just renovated , and your chances of a quick sale — at a desirable price — are much higher in a location where people want to live.

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Flipping Houses in New York: 5 Cities to Consider

HomeLight

It is best known for its world-class optics, imaging, and photonics industries , which often work in tandem with the researchers at the University of Rochester, the region’s largest employer. Since flippers don’t have a crystal ball to see the future, the industry has developed the 70% rule. But how do you account for the unexpected?

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Flipping Houses in Florida: 5 Cities to Consider

HomeLight

And the city has plenty of tourism and varied industries to keep the economy fueled. Since flippers don’t have a crystal ball to see the future, the industry has developed the 70% rule. You can lose a fair amount of money…if you’re flipping houses and don’t know exactly what you’re doing. as of December 2022.