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Articles For Aspiring Real Estate Investors

How To Choose The Best General Contractor? | Real Estate Skills

One of the best moves you can make as a real estate professional is hiring an experienced general contractor to manage and complete a renovation!

In this guide, we’re going to cover how to find, qualify, & hire the best general contractor for your real estate projects.

Let’s dive in! Use this menu to jump to your section of choice:

1. What Is A General Contractor?
2. What Does A General Contractor Do?
3. How To Find The Best General Contractors?
4. How To Qualify & Choose The Best General Contractor?
5. How To Hire A General Contractor?
6. 3 Main Goals Of The Best General Contractors
7. Alternatives To Hiring A General Contractor
8. The Bottom Line

What Is A General Contractor?

A general contractor is an expert at increasing the value of houses and can handle all of the challenging aspects associated with a renovation project. Such as, managing the ordering of materials, sub-contractors, people, dealing with...

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Bandit Signs: The Ultimate Guide For Real Estate Investing

bandit signs Nov 21, 2019

For a marketing campaign to be successful, a point of contact must be created for a transaction to be initiated. This is why bandit signs are considered an essential element of a real estate marketing system for many investors.

Even though some might dismiss them as ‘primitive’ when compared to contemporary techniques, bandit signs can go a long way in generating unparalleled exposure for investors at all levels and can enhance brand awareness.

Today, even the most successful real estate investors make use of different variations of bandit signs since they have been tested and proven for years.

Their simplicity disguises their complexity. You don’t need a lot of resources and effort to place bandit signs. However, if you want them to give you long-term success, there is a lot you need to learn.

Remember, the success of your bandit sign campaign will ultimately determine the profitability of your real estate business.

Make sure you familiarize yourself...

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How To Find And Buy REO Properties: The Investor's Guide

foreclosure reo Nov 14, 2019

REO properties continue to present lucrative investment opportunities for many real estate investors today.

That said, many people do not clearly understand what REO foreclosure properties are, how to buy them, and how the foreclosure process works.

These are some of the questions that this article seeks to answer. Read on to learn more about how to find and buy these properties.

 

What Is An REO Foreclosure Property?

A Real Estate Owned or REO foreclosure property refers to property that has been seized by lenders, such as banks, from people who have defaulted on their mortgage payments.

An REO foreclosure property can include condos, detached homes, townhouses, commercial property, multifamily property, and land.

Whenever a borrower is unable to consistency make mortgage payments, the lender has two options for covering the loan including a:

  1. Short sale or
  2. Public auction of the property.

If no bidder at a foreclosure auction comes up with the amount of...

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Hoarder House – The Ultimate Guide For Real Estate Investors

hoarder house Nov 05, 2019

A hoarder house is something every real estate professional will encounter at some point in their career. 

We know that hoarder houses often present exceptional opportunities for real estate investors.

Hoarder properties have been depicted through TV Shows, YouTube videos, and other real estate media.

However, they are often misunderstood in a greater context.

Whether you’re interested in flipping a hoarder house, cleaning a hoarder house, have family and friends in a hoarder home situation, or are a professional organizer, it’s important to have a comprehensive understanding about hoarder houses.  

In this article, we take a deep dive into what a hoarder house is, why they exist, and just about everything else you’ll need to know about hoarder properties.

Let’s jump right in by defining what a hoarder house is:

 

What Is A Hoarder House? 

A hoarder house is a home that is filled with an excessive quantity of the occupant’s...

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How to Start & Grow A Real Estate Business | The Ultimate Guide

real estate business Oct 29, 2019

If you’ve always wanted to break-free from the chains of a 9 to 5 job, starting your own real estate business may be a good option to consider. 

With so many ways to get started in the real estate industry- from being a real estate agent, to buying rental property, property management, wholesaling, and house flipping - the opportunities as a real estate professional are truly limitless. 

Many people dream about having multiple streams of passive income, cash flow from real estate investments, and having full control over your time owning a small business. 

Others simply wish they could be in the position of giving orders instead of receiving them

Sounds nice, doesn’t it?

Starting a real estate enterprise provides all of this and so much more. 

Learn how to get started in this ultimate guide.

 

What is Real Estate Business All About? 

Real estate means property, which comprises of buildings and land along with the...

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What Is a REIT? | All About Real Estate Investment Trusts

reit Oct 21, 2019

Income-generating, commercial real estate investments can boost your net worth significantly.

Unfortunately, commercial real estate investments are out of reach for most individuals.

Luckily, real estate investment trusts (REITs) make venturing into commercial real estate investments possible for all levels of investors.

They enable individuals with even just a small amount of capital to invest in, own, and share the benefits of large-scale real estate holdings.

In this article, you will learn exactly what a REIT is and everything else you’ve wanted to know about real estate investment trusts.

 

What Is a REIT?

A Real Estate Investment Trust (“REIT”) is a corporation that owns, finances, and often operates, income-producing real estate. It’s essentially a securitized portfolio of properties enabling individual investors to own fractional shares of commercial, income-generating real estate and related assets.

Such real estate and assets can include...

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What Is Co-Wholesaling & How To Do It?

Co-wholesaling is a relatively new strategy in the real estate industry, yet it has been quietly gaining increased attention.

This strategy may seem like the perfect and ultimate model for hitting your financial goals all while enjoying the investment journey.

You already know that wholesaling is a great way to venture into real estate as an investor without a lot of cash in your hands.

This emerging co-wholesaling strategy provides a way to make this path even easier and more attainable than venturing out and doing it on your own.

Though, just like most other strategies in real estate, there are things you need to know beneath the surface about this attractive business model.

 

What is Co-Wholesaling?

To understand this concept, you need to first understand what wholesaling is.

Real estate wholesalers look for discounted or undervalued properties and flip them for a profit without doing any renovations.

Essentially, wholesalers sell a property in “as-is” condition....

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From Working Uber To Wholesaling Houses! - Pro Wholesaler Student Interview - Joe Lechert

Check out the latest interview with Pro Wholesaler Student, Joe Lechert! 

Joe joined the Pro Wholesaler Program about three weeks ago and has already gotten his first wholesale deals under contract. Joe has 2 wholesale deals he plans on closing in October that will bring in $10,000 each for a total profit of $20,000.

Come learn how Joe went from knowing NOTHING about real estate to wholesaling his first real estate deals!

In this interview we cover:

- How Joe has gone from working Uber, Lyft, and driving for Amazon to Wholesaling Houses.

- How Joe was able to find his first wholesale deals and get them under contract.

- How Joe is getting one wholesale real estate deal under contract for every 6 to 7 offers he sends!

- How Joe was able to find cash buyers for his wholesale real estate deals.

- How Joe is anticipating to make $20,000 total from wholesaling two houses for $10,000 each.

- How Joe was able to go from having ZERO real estate experience and work on...

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What Is An Assignment Of Contract In Real Estate?

contracts wholesaling Sep 12, 2019

An assignment of contract is when one party (the “assignor”) has a contract to which they have certain obligations, and transfers those contractual obligations to another party (known as the “assignee”).

In real estate, assigning contracts is an effective strategy to achieve an extremely high return on investment (ROI) for as little capital and risk as possible.

Click below and jump to your section of choice on the assignment of contract:

1. What Is An Assignment In Real Estate?
2. Is It Legal?
3. Why Use A Real Estate Assignment Contract?
4. What Is An Assignment Fee?
5. Who Buys Real Estate Contracts?
6. How To Assign A Contract?
7. How Do Wholesalers Get Paid?
8. The Real Estate Assignment Clause
9. What Is A Real Estate Assignment Contract?
10. Assignment of Contract Form
11. Assignment of Contract vs. Double Closing
12. Common Misconceptions
13. Final Thoughts

What Is An Assignment In Real Estate?

An assignment of contract in real estate is when...

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Can You Wholesale MLS Properties?

"Can You Wholesale MLS Properties?"

This is a question we see being asked frequently in the real estate investing community. Today, we're getting right to the bottom of it!

Can You Wholesale A Listed Property On The MLS?

Yes, you absolutely can wholesale a listed property on the MLS (Multiple Listing Service).

In fact, from my experience, wholesaling listed property from the MLS is an awesome strategy for any wholesaler.

The reality is that new leads are uploaded to the MLS in your area...EVERY...SINGLE...DAY.

Well, if this rings true, then....

Why Do Some Investors Say "Stay Away From The MLS"?

Most investors have never developed a system around the MLS or have been able to get deals consistently off of the MLS. This is why a lot of people can say “stay away.”

People are afraid of what they don’t understand, and a lot of people don’t understand how to acquire properties to wholesale from the MLS.

See, most "real estate...

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