Real estate investing is an interesting field. If you do your homework, you almost can’t make a bad investment. However, sometimes, no matter how much research you do and how sure you are of a property, things go wrong. Then, before you know it, you have to get out the best way you can and move on. I was talking …
When it comes to generating leads, it pays to be friends with at least a couple of wholesalers. Wholesalers will buy contracts on flip houses and sell them to real estate investors. Basically, I look at wholesaling like a service to generate leads on really great deals, so I never mind spending a little bit more to buy the contract …
When you’re just getting into real estate investing, it’s really easy to get intimidated, especially when you see other investors who have a lot more experience than you. As you see them (online or in person), you might think, “How am I ever going to beat them out of a deal?” Well, believe it or not, you don’t need to …
If finding the money for your real estate deals is proving to be a giant headache and putting a damper on your real estate dreams, don’t worry. You’re certainly not alone. Of the thousands of real estate investors our team has mentored, at least half of them refer to their lack of access to funding as being a major obstacle …
For most people just starting out in the real estate investing business, I recommend sticking close to home. It’s a lot easier to oversee rehabs on a flip house if you only have to drive twenty minutes instead of flying for four hours, and it’s a lot easier to find leads on profitable properties when you’re familiar with the area. …
We’ve seen some real adventures in flipping houses over the years. From chickens running around in the yard to black mold in the bathroom and everything in between. One of the properties that really sticks out in my head as one of our biggest mistakes, though, was a house that we went way overboard on. Whenever people ask me what …
Over the past decade, throughout the United States, many people have struggled to keep their jobs and their houses. Whether you’re a student just out of college or you’ve had financial problems due to unemployment or underemployment, you may have flinched when you saw your credit score. As a result, you might have written off the idea of becoming a …
When ever I fix and flip an investment property, I always go by a closing table checklist. By mentally (or physically) checking every thing I need to do before closing and everything I need to bring with me, I can ensure that I’m not going to get there unprepared and potentially lose a really great deal. So, what’s the Real …
I’m not going to lie-when I first heard of Snapchat, I laughed at the whole idea. It seemed like it was just a silly fad that would go away in a few months. It’s just another way to text pictures to your friends, but the pictures disappear, so I really couldn’t see any professional use for it. But, as you …
I get a lot of questions about real estate networking events. New investors tell me that they don’t see the point in going, or that they went to an event but didn’t really talk to anyone or make any connections. The fact is, if you want to really get something out of a real estate networking event, you have to …