There is lots of money to be made from flipping houses, but you may still be leaving a lot of potential profit on the table.
There are a number of ways that you can promote additional services to make extra money on each real estate investing deal you do or bundle them in with your homes to make them more attractive and sell faster. Let’s take a look at a few you may want to consider.
Home warranties are extremely valuable to potential home buyers. It gives them peace of mind that they won’t be coming out of pocket for replacing major appliances right after they close on their new home. You can either become a rep and sell home warranties to your buyers and make an extra commission or get a big discount on them and include them with every house you flip.
Did you know that alarm companies like ADT will pay you up to $300 for each customer you refer to them? You can simply refer every buyer from your real estate investing business or again use it as a discount to include an alarm and make your home stand out.
If your real estate investing strategy includes rehabbing then including green elements that increase energy efficiency can be a great upsell, though you will also find companies offering commissions on leads you refer to them to install energy saving systems.
Every buyer needs title insurance and once you build up the volume of your real estate investing deals and form a good relationship with a title company you may be able to put together a legal structure that pays you a commission for every buyer that used your company without you doing any extra work.