Jumbo Mumbo: Don’t Size Yourself Out of Success

2020 is going to be a big year. It is time to set your sights high. Doing big things this year does not mean buying big, it means selling big. You will do yourself a tremendous disservice if you pursue properties that are in the jumbo category because only jumbo lenders can participate in this segment of the market and that represents only about 4 percent of the market. The Cap Now, if you pursue properties where your After Rehab Value (ARV) does not exceed the FHA cap for your area, you’re more likely to get ...

By |2020-01-27T22:01:43+00:00January 8th, 2020|Borrowing, Getting Started, Property Evaluation|

Know the Rules: 1031 Tax Exchanges, Part 2

Know the Rules, Maximize your Exchange 1031 Tax Exchange for the Modern Investor: Part 2 If you’re to the point in your investing career where you’ve started buying and HOLDING, then you may need to learn a thing or two before you start shuffling your properties around. Instead of flailing around and making mistakes with large numbers, get to know your options.If you’re selling an investment property with the intention of purchasing another and you don’t know what a 1031 tax exchange is, then sit down. Let’s chat… …

By |2020-01-24T23:42:45+00:00October 21st, 2018|Borrowing, Fixing, Flipping, Property Evaluation, Wealth|

Wait! Don’t Sell Yet…

Wait! Don’t Sell Yet… 1031 Exchange for the Modern Investor PART 1 If you’re to the point in your investing career where you’ve started buying and HOLDING, then you may need to learn a thing or two before you start shuffling your properties around. Instead of flailing around and making mistakes with large numbers, get to know your options. If you’re selling an investment property with the intention of purchasing another and you don’t know what a 1031 tax exchange is, then sit down. Let’s chat… …

By |2020-01-24T23:40:14+00:00October 12th, 2018|Borrowing, Entrepreneurship, Property Evaluation, Wealth|

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|

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|

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|

Are Flipped Houses Bad for the Housing Market?

Do Flipped Homes Dramatically Change the Housing Market? When it comes to investing in distressed homes, I’ve heard it all. You probably have, too, especially if you've been in the industry long enough and have explained what you do to enough of your friends and family. Most recently, I had the opportunity to tackle a concern from an upset buyer who claimed that the rise in renovated houses was ruining the housing market. Coming to Spokane, Washington from a larger market where home prices had risen steadily over recent years, he noticed a correlation between the ...

By |2020-01-27T22:11:49+00:00February 16th, 2018|Borrowing, Entrepreneurship, Fixing, Flipping, Property Evaluation|

Determining Your Property Values

Determining Your Property Values Before you place a bid at a foreclosure auction, you need to understand what a home's value is. You should also know the property's lien position, do a title search, understand your exit strategy, and get your financial ducks in a row. To read more about the other steps <CLICK HERE> 1) Drive by the Property We need to drive by the property. Do not buy a property if you or someone you trust and are working with drives by it. If you buy a property at an auction, you own it. ...

By |2020-01-27T22:50:23+00:00January 18th, 2018|Borrowing, Entrepreneurship, Getting Started, Property Evaluation|