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Investors who flip homes take neglected, rundown and damaged properties and turn it into good conditions. In selling property you are obliged to tell all the information on the property’s condition and sometimes it would negatively affect the property value and concealing these of pieces information would get you sued or convicted of fraud.



Any home sellers are affected by these rules but flippers who often deal with properties of poor conditions are more likely affected. For this it is better to know the laws and regulations regarding required disclosures from your local planning department and state real estate. Read more about the following information for you to disclose to avoid lawsuits.


1. Death in the Home

Consider that some buyers may have concerns in a buying a home in which someone has died. However each state has its different requirements for disclosure. For example, in Texas, natural death, suicide or accidents that aren’t related to the property are not necessary to be disclosed. On the other hand, if the death has something to do with the property’s condition or crimes it has to be disclosed. One example is a drowning incident of a child due to insufficient safety fence in the swimming pool.


2. Neighborhood Nuisances

A nuisance is a noise or odor coming from the outside of the property that might disturb or irritate people occupying the property. North Carolina obliges sellers to disclose noises, smoke, odors or other nuisances coming from industrial, commercial or military sources.


3. Environmental and Natural Hazards

You may be required to disclose this information to your buyer, in case the home is at a high risk of damage from potential environmental contamination or a natural disaster.


4. Homeowners' Association Information

You should disclose that fact that a home is governed by a homeowners' association along with HOA’s financial health and give this information for the buyer to make an informed decision in buying the property.

 

5. Repairs

Buyers have to know the repair history of the property so they can ask their home inspector to examine the problem areas and expect future issues. 

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Buying Real Estate is both a home and a common investment vehicle. If you are buying and owning real estate, you have to weigh out your risks and rewards. Here are different ways you can invest in Real Estate/


Basic Rental Properties
The concept of this investment is as old as land ownership where a person buy a property and let a tenant rent it out. The landlord who is the owner shall pay the mortgage, maintenance costs and taxes. In order to cover all of these costs, charges enough rent or to charges more to produce monthly profit. However, the most common strategy is to charge just enough to pay all expenses until mortgage is full paid and the majority of the rent turned to profit. Moreover, the landlord will have more valuable asset as the property may
also have appreciated in value over the period of mortgage.

Real Estate Investment Groups
In case you don’t want to be a landlord and take the responsibility, you can choose a real estate investment group. In this kind of investment, the company will purchase or build a set of apartment condos or blocks and let investors to buy them through the company. The company will take charge of all the cost in management of the property and get a percentage in the monthly rent of an investor.

Real Estate Trading
Real estate traders purchase properties and holding them only for a short period of time, and hope to sell them for a profit. Flippingproperties is another name for this technique and is based on purchasing properties that are in a very hot market or significantly undervalued. As mentioned, properties are not hold for a long time, so property flippers won’t put any amount of money into a house for improvements. The investment must have the inherent value to make a profit without changes or they won't consider it. In this manner flipping is a short-term cash investment.
 
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Moe Pourtaghi


"Nothing brings me more joy than seeing my buyers & sellers have success in their Real Estate endeavours. I hope you find the articles on my blog inspiring and educating in your ventures." - Moe Pourtaghi

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