Rehabbing and Flipping Real Estate

Though we rely on our field partners and contractors to handle our day-to-day rehab projects (so we can spend our time on managing and investing in multiple deals) it?s important that you have a clear understanding of the scope of work, basic costs, and the general time needed for various rehab and remodel jobs. Having this knowledge will increase your profits and help with leading your teams. Below are a few good sources to turn to for your rehabbing and renovation needs, all having to do with flipping real estate.

Rehabbing Resources

http://www.reiclub.com/art/find.php?cat=Rehabbing - Pretty good articles about Rehabbing

http://www.biggerpockets.com/rehabbing.html - Provides a very comprehensive list of rehabbing resources. There's no use repeating it here.

Flipping Real Estate Resources

http://www.creonline.com/flipping-real-estate.html- A number of decent articles about real estate flipping

http://www.bankrate.com/brm/itax/news/taxguide/flippers1.asp - A good article on the tax consequences of flipping real estate 

http://en.wikipedia.org/wiki/Flipping - And of course there is always Widipedia for information on flipping real estate. You can always rely on them for an abundance of information, although you have to take it with a grain of salt, since it's often opinion in the guise of fact. The basic information is good, though.  

Short Sale Resources

Looking into doing short sale investments? Here are a few great articles we found on the subject. Of course, you'll find many great articles on fix and flip, rehabbing, and short sale on our website, but these will help you get started.

http://homebuying.about.com/od/4closureshortsales/a/shortsalebasics.htm

http://en.wikipedia.org/wiki/Short_sale

http://www.ehow.com/how_8132_short-sale.html