While the business of real estate may seem stagnant these past few years, there is a lot of hope for the residents of Elizabethtown, KY. Money may be tight and that is understandable because we are just recovering from the economic hardships that have swept across the nation. But, even if today does not look like a fruitful day, one must always stay true to their dreams of a better future. This is what Shawn Paul, a realtor at HardinHomes.com and someone who specializes in flipping houses for a living is doing. As someone who has been in the business of flipping houses well over 4 years, he knows that one must take into great care when buying and selling houses.
What is Flipping Houses?
Basically, flipping houses is when you buy a property that is priced well below market value and either renovate it or break it down and build it back to brand new condition. It sounds pretty straight forward but according to Mr. Paul, he claims that, “buying the right one and selling it at the right price” can be a very daunting task and this has always been his biggest challenge in this business. He says that one must invest a lot of time and money in order for this business to become very lucrative. You must also have a lot of “general knowledge in construction costs and understanding of the math and financial numbers where the pricing will be.”
Challenges You Will Face When Flipping Houses
There are many challenges one will face when flipping houses but so far, Mr. Paul says that, “he’ll be glad to help” if anyone wants to ask for advice from him. You have to know how much items cost and understand the whole gamut of things before you can really market the property you are working on to be a profitable one.
Future Of Real Estate In Kentucky
Mr. Paul wishes the economy could get better when it comes to the real estate market and hopefully it will since right now it is experiencing a buyer’s market wherein prices of homes are selling way below their fair market value. This can mean that more people are willing to let go of their investments and hard work for a lower price.
Advice For People Who Want To Get Into Flipping Houses
This business of flipping houses basically sounds enticing to many people because of its “extreme profitability” as said by Mr. Paul but it will take a lot of time and money on your part as well. He is open to anyone who wants to get advice from him when it comes to getting the right properties to flip and rebuild.
Flipping Houses For Mr. Shawn Paul
Indeed, this man of great personality stands firm in his ways of flipping houses and wishes people to get more interested in it if they have the proper resources and funding… so that their future will be brighter.
If you are interested in flipping houses, do a quick home search to check out some of the real estate for sale in Elizabethtown, KY.
To speak with Shawn Paul to ask questions or find your own flip, call, text, or email 270-401-1223 ShawnPaul@HardinHomes.com