Texas Real Estate Investment

A Beginner's Guide to Flipping Houses in Texas

By Jeanette Joy Fisher

Do you want to make money in real estate? If so, now is the time to plunge into Texas real estate investment. It's time to stop dreaming and get to work, because making money in real estate isn't just a vague pipedream. It can be done, even by a young and inexperienced person, when you learn how to "flip" houses.

To get started flipping houses to make money in real estate, you can copy my friend Dawn, who made a fortune in real estate, beginning at the age of twenty, with no help from anyone else. Here's how she did it:

Dawn began by buying a HUD repo for no money down. Then she fixed it up and sold it herself. At closing, she had made enough profit to by a second fixer-upper, but this time, she paid all cash. Dawn went right to work fixing her second house, and when she sold that one, she collected profit of $44,000, which allowed her to pay cash for her third house!

By now, Dawn was comfortable with her formula, and within a short time, she had flipped her third house, realizing enough profit to pay cash for yet another house, as well as being able to buy the custom pickup of her dreams. And all of this had happened in the span of just nine months!

Dawn's method was simple. She located houses that needed only cosmetic work, avoiding those that required structural repairs. She did all the painting herself, inside and out, and updated the home's lighting, plumbing fixtures, and carpeting. Once renovations had been completed, all three houses sold quickly, and at a significant profit.

It's the most tried-and-true way to make money in real estate, so don't listen to anyone who tries to tell you that it can't be done or that you need to have a great deal of start-up money. That's not true. You can buy houses with no money down through various loan programs, and sellers will often help you with the closing costs.

Texas real estate, like our state, has room for other investors to make money in real estate. You can copy Dawn's system and add your own flair. My husband and I sell houses in as little as three hours, for more than the listing price.

But we take the process a step further than Dawn, making our houses outshine the competition by also using Design Psychology, although our buyers never know that. All they know is that they feel good when they're in our homes, which makes them want to buy them, even if they're more expensive than the house next door. Design Psychology can help you make your fixers speak to your buyer's emotions.

There's no other business that can make you as much money, with as little start-up cost, in as short a time, as a Texas real estate investment. In fact, more millionaires made their fortunes in real estate than in any other business. And you can do it, too. You just have to stop dreaming and get started.

Professor Jeanette Fisher, author of Doghouse to Dollhouse for Dollars, Joy to the Home, and other books teaches Real Estate Investing and Design Psychology. For more articles, tips, reports, newsletters, and sales flyer template, see http://www.doghousetodollhousefordollars.com/pages/5/index.htm