The Secret to Monetizing Every Time

The Secret to Monetizing Every Time Flipping 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 ...

By |2020-01-26T00:07:45+00:00August 24th, 2018|Entrepreneurship, Fixing, Flipping, Getting Started|

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 ...

By |2020-01-26T00:36:34+00:00July 13th, 2018|Borrowing, Fixing, Flipping, Getting Started, Property Evaluation|

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 ...

By |2020-01-26T00:45:29+00:00June 22nd, 2018|Fixing, Flipping, Getting Started|

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 ...

By |2020-01-26T00:47:36+00:00June 18th, 2018|Entrepreneurship, Fixing, Flipping, Getting Started|

Does Your Offer Have Teeth?

Are you able to properly present an offer on a property, without wavering or back peddling? If you struggle to make offers on real estate, either out of timidity, uncertainty, or naivety, then rest assured. I can train you to have better results. Broad offers with little to no direction or education lack more than conviction. You must be presenting three-tiered offers that are appropriate to the situation and property in question; offers that will benefit the seller, allow enough room to make a profit, and result in a gain after being sold quickly on the ...

By |2020-01-26T00:49:53+00:00June 6th, 2018|Borrowing, Fixing, Flipping, Property Evaluation|

9 Things to Know Before You Flip Your First House

Flipping a house is an AWESOME idea! You've seen the shows, you know someone who did it, or you check in with our blogs and social media often enough to see so many success stories. Now, you're ready to try it! What could go wrong? While I applaud your enthusiasm and believe that you should do what you're passionate about, I also want you to be prepared. In addition to guarding yourself with as much education on the subject as possible, let's kickstart your dreams with a few things you should know before getting started. Curious ...

By |2020-01-26T01:51:23+00:00April 21st, 2018|Fixing, Flipping, Getting Started|

Should You Flip Houses? 5 Qualities You Need to be Successful

Do you have what it takes? A house flipper can come from anywhere, but not everyone is cut out for the gig. That might be shocking to read, coming from someone who teaches on how to do it, but I've seen enough over the last few decades to know. There are a few basic qualities I believe one must possess to successfully take a home from distressed to full ARV, sell it fast, and make a profit. And I don’t mean you must know your way around a table saw. Although it serves you to have ...

By |2020-01-27T21:16:37+00:00April 14th, 2018|Entrepreneurship, Fixing, Flipping|

Don’t Let This “Problem” Get You Down

Problems are just learning tools; each an opportunity to do better next time; each a tool you can sharpen. The most consistent problem we hear about when our borrowers renovate a property is finding a contractor that delivers on their promises, doesn’t do expensive and unnecessary work, and maintains both budget and timeline. If you’ve ever done a flip, you may have encountered a less-than-stellar contractor or subcontractor. Not all contractors are bad. There are some amazing people in this world. But, sometimes you discover a wolf in sheep’s clothing. Do you know what to do ...

By |2020-01-27T21:33:49+00:00March 23rd, 2018|Communication, Fixing, Flipping|

Planning Your Project

Planning Your Project With each passing day, your loan costs you a little more. Don’t get discouraged...get organized! The best way to assure that you’re maximizing your profits on any given project is to make sure you’re maximizing your time. Well, okay. The BEST way is to buy the property at the right price--we make money when we BUY, after all, and we realize that money when we sell. But I digress…Time is money, but unlike money, you can’t get your time back. TIME IS UN-REFUNDABLE. USE IT WITH INTENTION. Even the experienced investor may need ...

A Decade Since the Housing Crash

It's been a decade since it happened. Is there still a glutton of inventory in the marketplace after the real estate fall out of 2008? Last week we talked about how flipping houses affects the economy and visa versa (to read more <CLICK HERE>). This week, let's take a look through a different lens. The effects of the worst financial crisis since the Great Depression still impact our world a decade later. An article put out by USA Today stated, "By one Federal Reserve estimate, the country lost almost an entire year's worth of economic activity ...

By |2020-01-27T22:08:07+00:00February 24th, 2018|Entrepreneurship, Fixing, Flipping, Getting Started, Property Evaluation|