To the uninitiated, home-flipping may seem like the domain of reality TV, but real estate investors like Sue McCormick are living the real-life opportunities of real estate investing behind the curated stories on cable TV. It’s possible to secure wealth and more by buying homes at auction, renovating them, and then selling them at a profit. Sue outlines below how to invest in real estate.
After starting in with her first home-flip, Sue caught the bug. The ease and efficiency of Auction.com enabled her to take the plunge into this engaging investment strategy full-time. Since falling in love with the process, Sue has bought and rehabbed a total of 12 properties, 7 of which have already sold. Along with her daughter, Sue uses the helpful tools at Auction.com to find the right home to purchase, after which, her daughter takes over with the remodeling and staging for market. Together, the mother-daughter duo take pride in the fact that they are securing generational wealth for their family, while also breathing life into neighborhoods that may have fallen into disrepair.
One Flip, Many Advantages
If you’re looking for an investment that can make your money work hard for you, you’d be hard-pressed to beat the freedom and satisfaction of investing in real estate. To state the obvious, a home-flipper is someone who acquires a property at a low price with plans to fix it up and sell to make a return on their investment. Home-flippers are typically motivated by the ROI, but that doesn’t mean they don’t have deeper motivations, too. As Sue mentions, it comes down to being able to build something better, which is deeply satisfying on a personal level, but also encompasses long-term benefits to the neighborhoods these properties are in.
Getting Started with Home-Flipping
Before you start flipping homes, it’s essential to have an overall understanding of what you’re getting yourself into. If you are new to the prospect of buying homes at auction, then Auction.com is an unbeatable first step toward learning the basics. It puts more information about the property listings at your fingertips, helping new investors to have the insights to determine if a property is right for them.
First of all, Auction.com is the internet’s most complete and powerful source for properties, coast to coast. It allows you to research the opportunities in your neighborhood, whether they are properties listed for an online auction or Foreclosure properties, which are traditionally sold at an in-person auction event organized by the county where they reside. As Sue explains, the Auction.com App is a dramatic advantage to anyone hoping to buy homes at auction, with its industry-leading Remote Bid feature that enables investors to take part in auctions remotely within the app. Sue loves Remote Bid, because it enables her to keep bidding, even when she is on the move. When you place more bids in more counties, you’ll win more auctions and supercharge your investment goals!
Be like Sue
As Sue says, buying properties with Auction.com has really changed her outlook for the future. As a single mother, being able to build wealth while setting a hard-working example for her children has been incredibly meaningful. For anybody wondering how to invest in real estate, Auction.com offers a smart way to invest your money, while also building something meaningful for the future. The time to start flipping — is now.
