The House Flipping Bible
RSS feed

About Flip Thy House

This site is a hands-on look at the world of house flipping and real estate investing as a whole. Follow along as I delve into the world of flipping houses, home renovations, managing rental properties, wholesaling, short sales, and other REI topics.

Current and Past Projects

The Larry House
Purchased: 02/2009
Purchase price: $6,700
Status: Currently renovating

The Creek House
Purchased: 03/2009
Purchase price: $38,000
Status: Renovated and sold for $128,000 on 11/11/2009

The Wee House
Purchased: 12/2008
Purchase price: $9,500
Status: Renovated and rented at $525/month

The Stuck in the '50s House
Purchased: 10/2007
Purchase price: $84,000
Status: Renovated and sold for $150,000 on 06/2008
The Tattoo Parlor House
Purchased: 3/2007
Purchase price: $60,000
Status: Renovated and rented at $850/month

Featured Site

Patio curtains buying guide
 

  • Adjustable Rate Mortgage (ARM)

    An adjustable rate mortgage (ARM) is a mortgage in which your interest rate may fluctuate either up or down over time. Unlike a fixed mortgage (in which you agree to pay a set amount of interest for the term of the loan), adjustable rate mortgages are tied to other indexes, so the amount of interest that is paid each year on an ARM can change from year to year (and even from month to month).


    ARMs can also be a hybrid combination of an adjustable rate mortgage and a fixed mortgage, with the first 2-3 years of the mortgage being a fixed mortgage at a set rate, after which point the mortgage is an adjustable rate mortgage.

     

 
 

Information on Adjustable Rate Mortgage (ARM) and all other content copyright of Flip Thy House.