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|

What Does ARV Stand for in Real Estate?

Rule No. 1: Never lose money. Rule No. 2: Never forget rule No.1 -Warren Buffett Real estate investors face several challenges when they first begin their property search. After finding a deal, the next step is calculating the numbers. Real estate investors are businesspeople first. Therefore, whatever deal they find, they need to understand if the property is a profitable deal. Will they make money? The answer is in the numbers and understanding what does ARV stand for in real estate is an important one. Read on to find out why. What is After Repair Value ...

By |2021-11-19T08:41:05-08:00November 19th, 2021|Entrepreneurship, Flipping, Property Evaluation|

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|

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