OPM: How to buy houses with none of your own money
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
In Real Estate Investing: Simple is Best (at first)
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:
Your 1st Deal Gives You a Competitive Edge
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?"
ARRRGH WHY ISN’T YOUR HOUSE SELLING
5 Reasons you aren’t getting any realistic offers (or any offers at all)
Know the Rules: 1031 Tax Exchanges, Part 2
Know the Rules, Maximize your Exchange
1031 Tax Exchange for the Modern Investor: Part 2
Communicate to Stop Wasting Time and Money
Communicate to Stop Wasting Time and Money6 Keys to Contractor SuccessThere 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 in:Lack of communicationPoor communicationNo ...
The Secret to Monetizing Every Time
The Secret to Monetizing Every TimeFlipping a house can be fun and profitable.It can also be a frustrating nightmare if you don't know what you're doing.Maybe you've seen one of the many TV shows on the subject, and in the span of an hour witnessed an entire property rehab, which drives up the property value, puts cash in the flipper's pocket, and all they had to do was overcome 10 minutes worth of problems (usually a broken pool pump or another seemingly innocuous issue).Now YOU decide to try it, and so you find a house on ...
4 Mistakes to Avoid When Investing in Real Estate
I love making mistakes. (Well, sort of.) Why? First, mistakes mean I'm trying something new, and good things often come from stretching myself. Second, every mistake I have made, I've turned into a learning opportunity so that YOU can avoid the same misled path and can make up the money where I've lost it in the past. We all make misguided choices, often with the best of intentions. And we shouldn't jump into every opportunity expecting to just make a bunch of mistakes. Not only is that going to keep us from taking advantage of good ...
Finding the Ugliest Houses for Your Next Fix and Flip
When you're just starting in real estate investing, it can be daunting to consider the entirety of your home town (or nearest urban area). But it doesn't have to be. You can get started by simply getting to know your neighborhood better! Real estate investing has an equation. Like any bit of "mastery" where the general populace thinks "easy" but never gets close enough to try (because really, where to begin?), real estate bargain hunting is an art (sales/negotiation) and a formula (the piece of the equation we will be discussing in this blog post). How ...
Best Investing Neighborhoods
Do you know the best place to invest in real estate? No matter where you are in the country, you're near a prime location. And you don't need an in depth analysis to give you a radius of quality investing homes and neighborhoods near you. With all the potential real estate in your city, county, and state (and the whole of the country) you may be tempted to invest in a market with which you’re unfamiliar. Perhaps you've recently traveled to a FUNDING TOUR and though the town was out of your normal area, you found ...