Avoid the Biggest Brooklyn Real Estate Flipping Mistakes

Sunday, January 30th, 2011

House flipping is still a profitable way to invest in Brooklyn Real Estate , if you know what you’re doing. I’m going to share one of the biggest mistakes prospective home flippers make and how to avoid it.

Choosing the Wrong Brooklyn Real Estate to Flip

Nothing will make your venture into the world of house flipping a bigger nightmare than a finished product that will not sell. To avoid this, learn all you can about what’s currently selling the fastest and for the most money in your Brooklyn real estate market.

It doesn’t mean you have to pick expensive homes in up-scale neighborhoods.  In fact, those may be the worst Brooklyn properties to try to flip, depending on your market.  Typically, there are houses you can flip for profit in every price range.

Choosing the Right Brooklyn Property to Flip

The things you need to avoid when buying a Brooklyn home you’re planning to flip are basically the same things you would avoid if you were purchasing that same home as your primary residence.  Here are three things to avoid when choosing a home to flip:

1)      Distractions that would make living in the home undesirable such as busey avenues, comercial streets or manufactuing plants.

2)      Crazy floor plans that cannot be easily fixed in a quick and inexpensive remodel.

3)      Homes with major structural damage. Getting a home inspection is the best way to avoid this.  However, if for some reason you cannot get a home inspection, always make provisions in your operating expenses for unexpected major repairs.

If you would like more information on how to turn a profit by flipping Brooklyn real estate, give me Charles D’Alessandro of Fillmore Real Estate a call today at (718) 253-9600 ext 206 or email me at [email protected]

East Flatbush Brooklyn Mixed Use Property Needs TLC Needed!

Wednesday, January 13th, 2010

Priced Below Market

Two Family Plus a Store and Two Car Garage

Need TLC But Worth It!


East Flatbuch Brooklyn

East Flatbush Brooklyn

Charles D’Alessandro

[email protected]
tel 718 253-9600
fax 718 253-9573
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