We are often encouraged to think outside the box. Innovative thinking can often bring long-term returns but, in real estate, at certain times in the market cycle, there is a place that brings consistent and timely returns. You can think of it as the “box.”
When you think plumbing, you think flood. When you think electric, you think death. When you think cabinetry, you stop trying to think. You want to fix and flip, but cannot tell your thumb from a nail. You are constantly bombarded by all the money that could be had, if only you were more… handy. The best advice you can get? Stick to your strengths. …
What does the ideal fix and flip property look like? While the market is thriving and the opportunities are endless, how do you go about identifying your dream fixer upper? Your bread and butter? Your segue to caviar and jet planes? Or really, what we all want, a happier, highly successful life that gives us the freedom to experience all the things we dream. But… all dreams start somewhere. What does your dream look like? …
Do you ever wonder what it would be like to live in your fix and flip? Maybe it’s in a different city or state, so it might be like a vacation! Maybe it’ll cut the cost of travel or rent? Or, just imagine all the work you will get done! Is living with the roaches and the dust really worth it? Or are you the kind who likes the disorder because you like the break from the world of Mr.Clean and Febreze? Read on to discover if living in your rehab home is really worth the ...
Sounds crazy right? Well it’s completely achievable with the help of OPM. Other People’s Money How do you access OPM? You could reach out to everyone you know and try to borrow money from them… but
We’ve all heard or read the proverbial acronym K.I.S.S. “Keep It Simple Stupid” (or, “Keep It Super Simple” for those of delicate disposition). Working and investing in Real Estate holds the designation of being two things:
If you've ever been without a job, or tried to break into a new market, you know that the first question asked is: "What's your experience?"
5 Reasons you aren’t getting any realistic offers (or any offers at all)
Know the Rules, Maximize your Exchange 1031 Tax Exchange for the Modern Investor: Part 2 If you’re to the point in your investing career where you’ve started buying and HOLDING, then you may need to learn a thing or two before you start shuffling your properties around. Instead of flailing around and making mistakes with large numbers, get to know your options.If you’re selling an investment property with the intention of purchasing another and you don’t know what a 1031 tax exchange is, then sit down. Let’s chat… …
Communicate to Stop Wasting Time and Money 6 Keys to Contractor Success There is no question. If you aren’t leading your contractors, they are going to “lead” you. The #1 snag investors experience with house flipping has to do with contractors in one way or another. If you invest in a property that needs work, you are likely going to be involved with a contractor in one or more of the following areas: relationships between investor and contractor is vital to the success of any project, but can become trying when any of the following problems creep ...