What Is House Flipping and How Does It Work in the Long Beach Island New Jersey Real Estate Market
Click here to search all homes for sale in the Long Beach Island NJ real estate market
LBI Real Estate House Flipping 
LBI Real Estate House Flipping 
LBI Real Estate House Flipping
Long Beach Island Real Estate
House flipping is a term used in the real estate industry to describe buying a house, making repairs or renovating it, and then reselling it for a profit. In the LBI NJ real estate market, the most common form of house flipping involves buying an older home, tearing it down, and building a new home for a profit. This is also called a “spec house” in the LBI real estate market. This type of investment in the LBI real estate market can be a very profitable business if done correctly, but risks are also involved.
By : Nathan Colmer | The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com
Click here to search all homes for sale in the Long Beach Island NJ real estate market
LBI Real Estate House Flipping
A house flip is a house that has been bought, renovated or rebuilt and sold at a profit on Long Beach Island. The house flipper makes their money by purchasing the home at one price and reselling it for more than they paid. This type of investment in the LBI real estate market can be profitable if you have experience and knowledge about doing this correctly. People use various house flipping strategies, and some of the most common ones include fixing up the house, doing a quick paint job, or re-landscaping the front yard, but this type of flip is not that common on Long Beach Island. More specifically, the LBI real estate market is unique in that new homes are in very high demand making the prospect of building a new home more attractive. Additionally, an older home may not meet the current flood insurance requirements and may have a very high insurance cost or need to be elevated above base flood elevation. These factors can diminish the attractiveness of a “quick flip” and necessitate building a new home. Flipping a home on Long Beach Island does carry risks, the most obvious being the house not selling. The LBI real estate market does offer a good “fallback” plan in the summer rental market. If a home does not sell, the investor can keep and rent the house, which should generate a profit.
What Is House Flipping and How Does It Work in the Long Beach Island New Jersey Real Estate Market
While there are risks, house flipping in the LBI real estate market can be a very profitable venture if done correctly. Buyers and investors need to understand the process and the demand in the LBI real estate market before entering such a transaction. I have extensive experience in this field, both personally and with my clients, and I am happy to give you a breakdown of investing in the Long Beach Island real estate market. For more information about buying, selling or investing in the Long Beach Island real estate market please do not hesitate to contact me.
By : Nathan Colmer | LBI Real Estate Agent | The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com
Click here to search all homes for sale in the Long Beach Island NJ real estate market
More LBI Real Estate Information:
How Buying a Home in the LBI Real Estate Market Can Help Build Wealth and Financial Stability
Buying LBI Real Estate is a Smart Investment
What is a First Mortgage in the Long Beach Island NJ Real Estate Market
Advantages of Investing in a Home in the LBI NJ Real Estate Market