Assembling Your Real Estate Dream Team

Assembling Your Real Estate Dream Team: Navigating the Seas of Investment Investing in real estate is like being the captain of a ship on a long sea journey. Every crew member plays a crucial role, ensuring smooth and successful operations. Here's a closer look at your essential crew members, each pivotal in navigating the unpredictable waters of real estate investment: Real Estate Attorney Your attorney acts as the ship's navigator, using their legal knowledge to steer you away from potential hazards like litigation and regulatory issues. They provide expert guidance, helping you safely navigate through complex ...

Cash Flow for Early Retirement

The number of cash-flowing properties needed to retire early depends on various factors, including your desired lifestyle, financial goals, expenses, investment strategy, and market conditions. Here are some considerations to help you determine how many properties you might need: Income Requirement: Calculate your desired annual income in retirement, taking into account your living expenses, healthcare costs, travel, and other discretionary spending. Consider factors such as inflation and potential changes in lifestyle over time. Cash Flow per Property: Determine the average cash flow generated by each investment property after accounting for expenses such as mortgage payments, property ...

Working With Contractors

Working effectively with contractors and subcontractors is crucial for ensuring that construction or renovation projects are completed on time and to your desired standards. Here are some strategies to help you manage contractors and subcontractors and keep your rehab projects on track: Clear Communication Establish open and transparent communication channels from the beginning of the project. Clearly articulate your expectations, project timelines, budget constraints, and quality standards. Encourage contractors and subcontractors to communicate any issues or concerns promptly to avoid delays.. Detailed Contracts Create comprehensive contracts that outline the scope of work, project milestones, payment terms, ...

70 Rule for Flipping Houses

In real estate, there are a ton of purported “rules” to follow. But which ones are actually worth your time? In this post, we’ll look at the 70 rule for flipping houses— what it is, how to follow it, and what benefits you can expect. So if you’re looking to get into the world of house flipping or simply want to better understand this popular strategy, read on! What is the 70 Rule for House Flipping? The 70 rule (or 70 percent rule in real estate) is a formula for flipping a house that stands as ...

By |2022-01-29T10:45:36-08:00January 29th, 2022|Fixing, Flipping, Property Evaluation|

Fix and Flip Loans for Beginners

Are you interested in getting into the fix and flip business? If so, you'll need to get financing for your projects. This can be a bit tricky if you're new to the game, but don't worry—we're here to help. In this post, we'll introduce you to fix and flip loans for beginners and tell you how to get started. Keep reading to learn more! What are Fix and Flip Loans? A fix and flip loan is a type of loan that finances the purchase and renovation of a property. These loans are usually short-term, lasting anywhere ...

By |2021-12-06T09:55:30-08:00December 6th, 2021|Borrowing, Fixing, Flipping, Getting Started|

21 Questions to Ask a Private Money Lender

Investing in real estate requires trust.  Trust in your process and trust with others.  Team work makes the dream work, after all.  But before building trust you need to know the people that will be part of your bigger "team."  One of these team members is your private money lender.   To help facilitate that relationship, we've provided questions to ask your private money lender.  This guide will allow you to review lenders and fund you deal in confidence. 1.  How Experienced is the Lender in Private Money Lending? As far as questions to ask a private ...

By |2021-11-03T15:03:14-07:00October 22nd, 2021|Borrowing, Fixing, Flipping|

Max Allowable Offer

So you’ve found what you think is a great deal. It’s a single-family home in a neighborhood that is on the upswing. You notice homeowners in the neighborhood fixing up the properties and making improvements. This is promising, you think to yourself. But you need to figure out some things, like the Max Allowable Offer you should make on the property. You’ve been watching home prices in the area for months, waiting for a deal you can make some serious money on. You know this property is going to need some work. The former property owner ...

By |2021-11-03T14:47:29-07:00October 7th, 2021|Fixing, Flipping, Offers|

Non Recourse Fix and Flip Loans

Did you know that you can use your self-directed IRA to get Non Recourse Fix and Flip Loans? There are many benefits to using your IRA as a tool to buy and flip. These loans are referred to as “Non-Recourse” because they give you liability protection.  Read on for more... Use a Self-Directed IRA for Non-Recourse Loans For starters, what is a self-directed IRA? You might be thinking, “I have an IRA, can I use it to invest?” Let’s answer a few questions and you’ll have a better idea about what you can do. A self-directed ...

By |2021-11-03T11:42:04-07:00September 27th, 2021|Borrowing, Fixing, Flipping|

Guide For The Not So Handy Fix and Flipper

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. …

By |2021-09-10T19:16:31-07:00July 8th, 2019|Entrepreneurship, Fixing|