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What Is ARV? The (Ultimate) Guide | Real Estate Skills

In the real estate business, there are plenty of acronyms and lingo that may sound like a foreign language. In fact, Redfin's Real Estate Glossary has over 200 different terms!

Real estate investors, in particular, seem to have their own way of speaking that leaves most real estate agents scratching their own heads.

Wholesalers, house flippers, and property rehabbers pay special attention to a term that has a major impact on their business and that's ARV! If you want to learn more about flipping houses, this acronym is definitely something you should get familiar with!

Understanding a property's ARV can save you a ton of money and give you peace of mind knowing you are making the right investment decision. Without it, you are playing a dangerous game that could lead you devastated.

That's why we are providing you with this in-depth article to help ensure you make the right moves in this simple yet complex real estate investing...

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What Is Driving For Dollars? The (Ultimate) Guide

Getting started in the real estate business might seem intimidating if you’re not sure where to begin, but the truth is there are many strategies to become a successful real estate investor. One traditional yet simple real estate technique to start making some cash is called driving for dollars.

According to the National Association of REALTORS®, about 5.34 million existing homes were sold in the U.S. in 2019 compared to just 4.34 million in 2009. With this growing demand in the last decade, there’s no doubt that you'll land a great real estate deal using the right approach.

Driving for dollars is an extremely effective method to make money and start investing in real estate. In fact, you most likely already have the items needed to start right now!

Buckle up and enjoy What Is Driving For Dollars: The Ultimate Guide because you’re in for a real treat. Use this menu to jump to your section of choice:    

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What Is A Title Company? The (Ultimate) Guide | Real Estate Skills

title company wholesaling Jul 21, 2020

According to a survey from American Land Title Association (ALTA), 50% of homebuyers chose their title company, while 35% of those who didn’t choose said they had help from a Realtor to select one.

The process of buying and selling homes can get complicated. That's why you need to have a reputable title company on your team to help you through these important transactions.

If you've been around the real estate business, you've certainly worked with a title company in some capacity. But, you may still wonder:

What exactly is a title company? What does a title company do? What is a title company responsible for? What is title insurance? How do I benefit from working with a title company? What does title to a property mean? How do I choose a title company near me?

You're in luck because you're about to enjoy What Is A Title Company: The Ultimate Guide! Use this jump menu to get to the section of your choice:

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What Is FSBO? The (Ultimate) Guide | Real Estate Skills

For Sale By Owner (FSBO) is a term used in the real estate world that is the epitome of independence in the process of selling a home.

Why? This is due to the fact that 89% of home sellers work with a real estate agent to sell their home

What if we told you that it doesn’t take an expert to sell your house?

That’s right! Selling your home following the best practices of FSBO can put more money in your pocket, rather than hiring someone else to do it for you.

We're talking about thousands of dollars potentially saved on the sale of your home. Who doesn't like saving money? But, you need to know what you're doing.

Now that we have your attention, we'd like to present: What Is FSBO? - The Ultimate Guide! Use the menu below to view different sections within the article:

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What Are Contingencies In Real Estate? The (Ultimate) Guide

For 99% of the population, buying a home is the largest and most important purchase they will make in their lifetimes. The property will cost you a lot of money so you want everything to go as smooth as can be when buying a home.  As a real estate investor, you may want to add contingencies to your home offer contracts so that you have a way out of the deal if needed.

When the seller accepts your offer on a house, you will enter into a sales contract in order to complete the purchase. The contract will include things like the sale price, the amount of the earnest money deposit, and the length of escrow. Since most real estate transactions involve contingencies, you'll want to learn about the contingencies that protect yourself as a buyer.

If you are looking to buy a home, you should ask yourself questions like: What Are Contingencies? What Are Some Common Contingencies? What If I Don’t Include Contingencies In a...

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Red Flags Before Hiring a Contractor | Real Estate Skills

As we've learned from rehabbing and flipping hundreds of properties, the success of major home improvement projects largely depends on the contractor you hire.

Yet, not all working contractors are qualified to do the job. Some may have a friendly demeanor over the phone and offer you a great deal, but then cut corners on the job site, leaving you in the dark about their progress.

With money and time on the line, it’s imperative to find a highly-qualified, competent professional you can trust with your unique job. Here are nine red flags you shouldn’t ignore when hiring a contractor for your home renovation.

 

1. Lacks Contact Information

At a minimum, a reputable contractor...

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How Chris Made $5,000 Profit Wholesaling His First Deal (And Now On Track To A $10k Month)

 

I recently had the pleasure of interviewing my Pro Wholesaler VIP Program Student & Client, Chris, on how he successfully completed his first wholesale real estate deal and made $5,000 of profit!

Additionally, Chris has another deal under contract that he acquired from the MLS and plans on making an additional $5,000 from this deal, as well.

Chris is also a licensed real estate agent, and joined the Pro Wholesaler VIP Program in order to make more money, and to get more deals!

Chris is well on track to having his first $10,000 month of profit as a Pro Wholesaler! 

Watch the interview above on how Chris became a Pro Wholesaler and now crushes it at wholesaling real estate!

Here's what we cover in the interview:

  • How Chris wholesaled his first house & made $5,000 profit.
  • How Chris got his 2nd wholesale deal under contract from the MLS at $40,000 below the the list price.
  • The #1 Real Estate Skill you need to develop to become successful...
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Virtual Wholesaling: How To Flip Houses From Home (2020)

In the past decade, technology has completely transformed the real estate industry. According to the National Association of REALTORS®, 52% of home buyers in 2019 found the home that they purchased through the internet. It's also no surprise that more and more people are working from home now than ever before.

What if we told you about an emerging group of real estate investors doing deals remotely all over the country in places they’ve never been before, buying properties they've never laid eyes on, yet are making incredible sums of money to the tune of $10,000, $20,000, $50,0000, and even $200,000 per deal?

In this Real Estate Skills exclusive article, we’re going to pull back the curtain and reveal the techniques these long-distance real estate investors would rather keep a secret – we’re talking about a real estate strategy called virtual wholesaling.

I have personally used this virtual wholesaling process to complete...

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Earnest Money Deposit: The (Ultimate) Guide

Ever been interested in buying a home in a competitive market but weren't sure how to make your offer stand out from the rest?

One of our favorite methods is to make an offer with a substantial earnest money deposit!

An earnest money deposit is a proven way to show a seller you are interested in buying their home.

It shows a level of commitment from the buyer and acts as security for the owner when agreeing to sell their property to a particular buyer.

Continue reading Earnest Money Deposit: The Ultimate Guide! Use this menu to jump to your section of choice: 

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How Kevin Made $7k Wholesaling From The MLS Within 30 Days - Pro Wholesaler Program Review

 

Kevin (Pro Wholesaler Student) just recently joined us, and using our system got his first wholesale real estate deal from the MLS and made $7,000 within 30 days! Additionally, Kevin now has $60,000 worth of wholesale deals under contract ready to be closed.

Watch the interview above to see how Kevin is crushing it at wholesaling real estate!

What we cover in the interview:

  • How Kevin made a $7,000 wholesale fee within 30 days, & has $60,000 worth of wholesale fees under contract since joining the Pro Wholesaler Program!
  • How Kevin finds that his new MLS Strategy is "kicking butt" when compared to traditional wholesaling strategies.
  • Kevin's favorite tools & resources he uses for each & every wholesale deal.
  • How he was able to develop his mindset & become a Pro.
  • How Wholesaling for him is now systemized after going through the training modules.
  • The power of consistency & taking...
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