Beach Press

Flip That House

Buy a home for $500,000, spend $50,000 in renovations, then sell it for $650,000. You make a profit of $100,000 right? Not exactly. Beach Lending held a seminar last week at the Santa Monica Chamber of Commerce, that gave a similar example. The shows like "Flip That House" and "Property Ladder" are great at showing you how to clean up a house for resale, but they give you no insight on how to do anything else.

What else is there? First you have to find the home. Sounds easy, but you need to be looking for ten + items that would make that house a good investment. Once you found it, you need to know how to negotiate. Once you get your offer accepted, how are you going to finance it? There are many fees, commissions, taxes, mortgage payments, etc...on top of the money you put down on the house, plus the money you are spending to clean the place up.

Yes, there are many many great deals out there, and yes, you can make some great money flipping homes...even in today's market. But you do need a team. You need someone to sniff out the deals, you need a financing guru, you need a good crew and a handy man. Beach Lending and Clear Blue Realty have worked hard to put that team together for our investors. We make it as easy as possibly for you to flip a house, or to get it ready for rent. If you don't believe us, just ask us!

Gary Dempsey
Executive Vice President
310.383.0740
gary@beachlending.com