Fixing Archives

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

Think Inside the Box: Profit-Maximizing Loan Criteria

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.”

By Lee Arnold|2021-09-10T19:15:05-07:00November 26th, 2019|Borrowing, Entrepreneurship, 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 Lee Arnold|2021-09-10T19:16:31-07:00July 8th, 2019|Entrepreneurship, Fixing|

The Secret of Finding your Ideal Fix and Flip Property

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? …

By Lee Arnold|2021-09-10T19:16:31-07:00June 14th, 2019|Fixing|

10 Traits Private Money Lenders Want To See In You

What’s a real estate investor’s favorite thing to see in you, the borrower? Themselves. Rich and Poor Priority Differences Articles are swarming social media feeds referring to the differences between the poor and rich. The poor watch more hours of television (reality television at that), while the rich maintain a to do list, wake up 3+ hours before work, regularly read, network, and listen to podcasts/audiobooks on the commute. When you walk from first class to coach on your flight, you'll often notice the people in first class on their laptops- with spreadsheets open or ...

By Lee Arnold|2022-02-22T15:11:59-08:00June 7th, 2019|Borrowing, Fixing, Flipping|

What Everybody Ought To Know About Living In A Rehab Home

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 ...

By Lee Arnold|2021-09-10T19:53:57-07:00May 24th, 2019|Fixing|