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|

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|

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 |2022-08-12T15:07:55-07:00January 8th, 2020|Borrowing, Getting Started, Property Evaluation|

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 |2021-09-10T19:54:27-07:00July 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 |2021-09-10T19:54:28-07:00June 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 |2021-09-10T19:55:26-07:00February 24th, 2018|Entrepreneurship, Fixing, Flipping, Getting Started, Property Evaluation|