Flipping Real Estate

Flipping real estate means to buy a property at below market value and sell it at a higher value. During the recent real estate boom, many people bought investment properties and got into flipping real estate. Now people flipping real estate may be buying foreclosures. Flipping real estate also has a negative meaning, where some investors falsify documents to connect an inflated value to the property. When flipping real estate it's important to consider the tax implications.

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Fix And Flip, Then Refinance Or Get a HELOC

For some, buying a fixer-upper and trying to flip it or refinance it is still the name of the game. But once you have fixed it, you need to find financing. You can try to refinance the home. Or you can try to get a conforming loan along with a home equity loan or line of credit (HELOC). You may have options, but you need to find the right lender. You need to make sure that the home has enough equity to refinance and that the appraisal of the home meets or exceeds the amount required to refinance the property.

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