A residential property appraisal helps establish a home’s market value, or the likely sales price that the property would fetch if offered in a competitive real estate market. Whenever someone uses a home or other type of real estate as security for a loan, the lender will order an appraisal to be conducted by a...Read More
Your contract with a buyer’s agent will usually stipulate that the agent’s commissions - typically about 3 percent - be paid out of the seller’s proceeds at closing. Does that mean the seller pays? Well it does and it doesn’t. Since you, the buyer are the one taking the cash to the table and the...Read More
You can do everything right on six consecutive deals but if you are sloppy with the due diligence on the seventh, the consequences could be severe. As basic as it sounds, it is important to always keep the flow of profits moving in the right direction. Making a small profit on a deal is always...Read More
From the outside, flipping a house looks easy. If you watch one of the many programs on rehabbing and flipping it makes it look like every property is a winner. The reality is that if you don’t know what you are doing you can, and will, be disappointed in your results. This is the part...Read More
There are several key factors that go into a successful house flip. For starters, you need to get the property at a price that works for you. Overpaying on the way in will put you behind the eight ball throughout the process. Next, you assemble the right team and do the right work, all while...Read More
There are two sides to every debate. For some reason, the world of real estate investing is full of debates. One of the more common debates is whether to hire a dedicated property manager. In a perfect world, every landlord would have someone to run their property. As much as there is a definite benefit,...Read More
One of the most popular questions in the real estate community is “how do I get started?” Every day there is a new investor out there looking to enter the wonderful world of real estate but doesn’t quite know how to do it. If you are fresh out of college or looking for your first...Read More
The strength of your investing business is in the people you surround yourself with. You can have access to capital and a good plan on putting it to use, but if your team is poor, ultimately you will suffer. The importance of your team is magnified as you are just starting out. You are pulled...Read More
Throwing money at a property does not guarantee success. The reality is that finding the right updates, upgrades and improvements is not about money, but rather doing the right work for the market. Simply throwing money at a property and expecting a return will leave you frustrated and disappointed. Savvy investors know that not all...Read More
All loans are not created equally. Depending on the property type, timeframe and specific situation some loans work better than others. If you are into quick flips and rehabs a 30-year fixed loan doesn’t make a whole lot of sense. Regardless of what type of investing you are into you can probably find financing that...Read More