Articles For Aspiring & Active Real Estate Investors
Michigan has long been recognized as one of the industrial giants in the United States. Driven by the auto industry and thousands of feeder businesses, the state has undergone changes in recent years but is still a vibrant economic powerhouse.
Residential sales throughout the state remain strong, offering lots of opportunities to find real estate deals for aggressive go-getters.
According to the U.S. Census, the Michigan real estate market is huge. There are more than 4.6 million housing units for the state’s 10 million people.
If you’re considering a career in real estate in Michigan, you should be encouraged by the state’s vitality. You can opt for a traditional career path but many people are also intrigued about the possibility of wholesaling Michigan real estate as a viable alternative.
Here’s what you need to know.
According to the U.S. Census, nearly 31 million people moved in 2019. While not all are homeowners, at least one-third of those individuals were buying and selling their homes.
Additionally, the National Association of Realtors states that the main motivation for the people who sold their homes was due to proximity to friends and family (16%), small spacing (13%), and job relocation (11%).
With the number of people constantly moving around, finding a property for sale is the easy part. Identifying properties with motivated sellers is where you want to focus your efforts as a real estate investor in order to find incredible deals.
You're in luck because we are here to help you find truly life-changing real estate opportunities with this guide, Motivated Sellers: How To Find and Negotiate With Them. (Use this menu to jump to your section of choice:)
Meet Chloe from Nevada. She's an amazing member of our Pro Wholesaler VIP Program and recently virtually wholesaled her first house in Indianapolis, Indiana!
Chloe & I had a fun time talking about how she was able to get her first wholesale deal & receive her first check of $3,000. Additionally, Chloe & I went deep into the mindset of being successful, not only as a real estate wholesaler but also as a real estate entrepreneur!
In this video interview, we discuss:
For decades, Florida has remained one of the most attractive places to live in America.
The perfect mix of a mild climate, economic opportunities, a growing population continues to create a dynamic mix of opportunities for millions of people.
New building is booming with almost $20 billion in non-residential construction and another $33 billion in residential construction in 2019, placing Florida sixth in the United States. Building permits also continue to grow at a double-digit pace, further strengthening the housing, transportation, manufacturing, and other related sectors.
The bottom line is that there is a sustained healthy demand for real estate from top to bottom in the Sunshine State. New investors looking for bargains at or below market value are plentiful and real estate investing remains an attractive and profitable venture for many people.
Many Floridians are cashing in on this demand, enjoying traditional paths in the real estate field as brokers or...
Meet Stevie & Richard from Florida. They're both awesome members of our Pro Wholesaler VIP Program and recently wholesaled their first house!
Stevie, Richard, & I sat down to chat about how they were able to go from knowing zilch about wholesaling houses to wholesaling their first house in Florida.
The best part is: they made more money from wholesaling this house than what the real estate agent made on the deal!
If you've ever wondered how to get your first wholesale deal, then you're in for a real treat!
In this video interview, we discuss:
South Carolina is a beautiful and diverse state, steeped in history and with picture-perfect small towns, and friendly locals everywhere you go.
Many people call the Palmetto State home, and more people want to live here than ever before. The same holds true for the entire southeast United States, as more and more people migrate to nearby states such as North Carolina, Georgia, and Florida.
That means there are all kinds of opportunities to do well in the real estate industry. Many people make a great living as traditional agents and brokers, others as real estate investors.
Still, more and more, many people are looking for a flexible alternative which is why many people are exploring real estate wholesaling as a possible career.
The first questions many people ask is whether or not wholesaling is legal in South Carolina?
And if so, what else do I need to know?
Here are some of the answers for you.
Finding a property to wholesale or invest in is a tricky task for those getting into real estate for the first time. The truth is, real estate investors are always trying to find new ways to obtain the best deal, whether it's their first house or one-hundredth investment property!
One of the most reliable and consistent methods to land great deals is by focusing your efforts on acquiring distressed properties.
No matter what type of distressed property you're going after, many investors aim to buy something that needs work, improve it, then rent or flip the house to turn a profit.
According to research done by ATTOM Data Solutions, while the national house flipping rate dropped in 2020, the average gross profit increased to $73,766 profit per flip and has been hitting record highs since 2000!
While it does take time and resources to renovate and resell these kinds of properties, the return on...
Looking for a way to be entertained while also conveniently gaining insight on how you may be able to earn a profit? House flipping shows, such as Murder House Flip, may be a good starting point for you!
As there are various house flipping shows on air nowadays, it is important to understand what perspective you are intrigued and entertained by. Hopefully, this type of entertainment inspires you to take matters into your own hands.
If you are into mystery and crime, then Murder House Flip may be a great show for you! It's a series where true crime meets home renovation, and we have got everything here for you to know what this business is really like!
Hope you're enjoying Murder House Flip - What's The Business Really Like! (Use this menu to jump to the section of your choice:)
Most people wholesaling houses use "hope marketing" or "random acts of marketing" to get deals and it's all a big game of chance.
This in-depth interview shows you how my students get multiple houses to wholesale every single month like clockwork.
I've taken the vague topic of "getting wholesale deals" and turned it into an exact science with devastating predictability. And this interview gives you a great look at my process from start to finish, including my "Discovery Call Script" which we & our students have been using for the last decade to complete over $80m in transactions.
This interview is no joke if you want to wholesale & flip houses from the MLS!
Jeff shares how he made $5k within 3 weeks of joining the Pro Wholesaler VIP Program. Not a bad start!
Key Takeaways from the interview:
House flipping, when done correctly, can be an extremely lucrative way of generating market-beating profits in a very short time frame.
Like most real estate investing decisions, the investor must act with precision and a scrupulous dedication to expense management.
Believe me, making a 15% or better return in a 6 month timeframe is nowhere near out of the question. All you need to do is abide by the holy grail of house flipping - the 70% Rule.
The 70% Rule is a rule of thumb that helps real estate investors find attractive real estate investments, appropriately budget their costs, and ensure they make a substantial profit along the way. It’s a great rule for a house flipper to...
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