House "flipping," or reselling is a common practice, particularly with the recent financial crisis. Homeowners acquired residences through subprime loans from lending institutions, and when these mortgages reset, they were no longer able to pay their mortgage. Many of these individuals chose home foreclosure, with banks taking possession of these homes—many of which were (or are) in good-to-extremely-good condition.
Home resellers have historically restored a home's former glory before bringing it back onto the market. However, current home resellers have the pick of numerous high quality housing options. After purchasing them for "fire sale prices" at auctions, they can resell them to new homeowners for far less than their previous price, but at a considerable profit. The recent economic downturn has all but ensured that every corner of the country is a necessary market for this type of service.
Look for the following in a house flipping/reselling business plan:
• A strong argument for a particular area or region
• Seasonality in the financials
• How much restoration is required
• Partnerships with construction firms
Masterplans.com possesses considerable expertise in writing house flipping/reselling business plans. Everyone from account experts to project leads to finance, research, writing, and editing understands that house flipping/reselling business plans require attention to detail, an understanding that "all real estate is local," and how seasonality affects sales. Masterplans.com has served more than 8,000 clients. Call today at 877-453-2011, or email firstname.lastname@example.org, to discover how we can help you write the most effective business plan for house reselling.
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