Added Flips

Added Flips right now on Cindy”s

Cuisinart DCC-1200 Brew Central 12-Cup Programmable Coffeemaker $165.00 A striking blend of retro style and modern technology. Programmable for brewing up to 24 hours in advance. Setting for 1 to 4 cups ensures full-bodied flavor and aroma. BrewPause™ feature lets you enjoy a cup before brewing is finished. Adjustable heater plate setting keeps coffee at the temperature you prefer. Audible “ready” signal. Automatic shutoff. Includes Gold Tone metal filter, #4 pap…

Cuisinart DCC-1100 12-Cup Programmable Coffeemakers This classically designed coffeemaker is accented with stainless steel for a look that is sure to enhance your countertop. The 12 cup carafe features an ergonomic handle, dripless spout and knuckle guard for comfortable, drip-free pouring. Fully automatic, the DCC-1100 has 24-hour programmability and 1 to 4 cup setting for those times you don’t need a full pot of coffee. The Brew pause feature let…

Got A New Plan $16.99 All products are BRAND NEW and factory sealed. Fast shipping and 100% Satisfaction Guaranteed….

GE 51107 Smart Home Wireless Alarm System Kit $20.99 The GE 51107 Personal Security Alarm Kit includes everything you need to help secure your home, including a deluxe door alarm with a four-digit keypad and three independent window alarms. Best of all, there’s no wiring or drilling required for installation. This simple-to-use, cost-effective security solution helps protect you and your family against home invasions thanks to each of the 120-decibe…

Belkin Conserve Switch, Energy-Saving Surge with Remote $29.99 Belkin F7C01008Q Surge Suppressor F7C01008Q Surge Suppressors…

Belkin Conserve Insight Energy-Use Monitor $26.99 Find out how much energy your devices really use. The Belkin Conserve Insight Energy Monitor lets you to understand the impact of your energy use on your electric bill – and on the environment. See at a glance the cost of operation, watts, and the amount of carbon dioxide associated with the electricity consumed. Plug this device into a three-prong grounded wall outlet, plug your electrical produc…

Remington CI95AC/2 Tstudio Salon Collection Pearl Digital Ceramic Curling Wand …

Tourmaline Ceramic Curling Iron …

Gold Professional 1 Inch Styler What it is:A sleek, one-inch styler featuring golden ceramic plates that deliver the ultimate professional finish.What it does:This styler smoothes through hair for an ultra-shiny result. Free of sharp edges that could catch on hair, the plates’ ceramic coating is designed to enhance the glide of the Styler through the hair promoting luster.What else you need to know:Sleek design allows for better…

Microsoft Wireless Rechargeable Laser Mouse 7000 Mac/Windows $17.00 This advanced ergonomic 2.4 GHz Wireless mouse is designed to provide a more comfortable, responsive computing experience – anywhere….

Recently many of the financial institutions are expressing concern about flips by investors in general and specifically short sale flips.

A flip is when an investor gets control of a piece of property as the buyer and they find a third party who purchases the real estate shortly after closing. Let’s take a look at how this relates to the real estate investor who is doing a short sale flip. The investor takes control of a property from a distressed property owner. The investor negotiates a sales price which is submitted to the lending institution. The lending institution agrees on a fair market price for the property. Once the fair market price is established, the investor finds a buyer to purchase the property at a fair market value. The distressed property owner has reduced his liability by the investor taking control of the property. The lender has reduced their liability by removing the distressed property from their inventory and the ultimate buyer has received a property which is the fair market value as they see it. This seems like a very workable and smart business decision on all participants.

The banking institutions find something sinister about these transactions so they have decided to add a clause in their documentation requiring “seasoning”. This seasoning can result in the investor being required to hold the property in inventory for between 30 to 90 days before you can sell the property to the third party. In addition, they are requesting that the investor notify the lender, seller and buyer how much the investor initially paid for the property as well as how much they sold the property to the end buyer. This spread is the investor’s profit in the transaction.

Many of the business books I have studied indicate the free market system is “Where buyers and sellers can make the deals they wish to make without any interference, except by the forces of demand and supply. A stock market comes closest to this ideal.” (BusinessDictionary.com)

Now let me try to understand what the “Law of Supply and Demand” looks like. BusinessDictionary.com’s definition for “Law of Supply and Demand” is as follows: “Common sense principle which defines the generally observed relationship between demand, supply, and prices: as demand increases the price goes up which attracts new suppliers who increase the supply bringing the price back to normal. However, in the marketing, of high price (prestige) goods, such as perfumes, jewelry, watches, cars, liquor, a low price may be associated with low quality, and may reduce demand.”

Now let’s ask several questions – Why would a firm (banking institution) who sold their distressed product want to retain liability on the product for 30 – 90 days? Why would an individual, who has been distressed while owning a product, want to know what happened to the product after they no longer have responsibility for that product.

Let’s close with this: The free market system is where buyers and sellers make deals they wish to make without any interference except by the common sense principle defined as the generally observed relationship between demand, supply and prices.

Are these recent moves prolonging the recession in general and the housing crisis in particular. Please let us know where you feel we are correct and where you feel we need to reevaluate our position.

Tom Fitzgerald is a real estate investor who has been in the insurance and financial field for a number of years. In his recent years he has become more interested in his health and well being. Tom will be submitting information about these three fields: real estate, financial and health. http://www.greatdayforrealestate.com

Does adding a garage often increase the profit margin on a flip?

So, here’s the house. I realize there are a lot more factors that contribute to this kind of thing, but I’m looking for the general consensus here.

http://www.realtor.com/search/listingdetail.aspx?ctid=92056&ncs=89356,24850,86349,81631,29133,4598,79080,94730&ml=2&mxp=17&bd=4&typ=1&pfbm=1200&sid=d36aaca65e8f4c9796f9742bf5067f7d&pg=7&lid=1101210481&lsn=69&srcnt=255#Detail

This is entirely hypothetical, but if I were to buy this home, flip it, add a 2 car garage with master suite above, and sell it 4 years later, could I make a substantial profit? What are the odds that I’d lose money with such a large change and investment in the house? The good news is it’s located very close to a college town.

Can anyone estimate how much an addition of this nature would cost in the region?

Another concern I’d have– if I added the addition, could I make the brickwork match? It’s an old house, and I know nothing about this crap.

Thanks!

Flipping houses is not an exact science. You could build the greatest house in the world an it not sell at a profit in four years. The idea is sound, but houses of this size fixed to the point you are intending are not what most people buy while in college. That being said, if you have the skills and money you can do this so long as you don’t have to sell in four years. Then comes the should you do this with this house.

This house needs another bathroom, it only has one at the present time so adding a master suite would help in that matter. Simply adding another bath would gain you more for far less money. Also this house needs a front door/porch addition more then a master suite or garage. The “curb appeal” of adding the front work versus a mere stoop would be great. Doing this and building a large carport and a bonus room over it that would be a better idea.

As to the brick work. Matching brick is hard however this house is not that old in the grand world of construction materials terms. Check to see if the brick supplier is still in business. If they are, most likely you can get more brick from the original mix ratio that will match fairly well.

If I were doing this one however and determined to do an addition, I would do a double carport, use pillar type construct for the supports to the bonus (with bath) over and siding painted to compliment the brick instead of risking it not matching. I would still add another bath somewhere else in the house and more important I would remodel the front entrance to include a new door package, covered front porch and extra landscaping in front to back my chances of a future sale.

My Sexy Hair Flip Works and an Added Hip and Leg Exercises