Articles For Aspiring & Active Real Estate Investors
House Flipping TV Shows have become increasingly popular over the years! While house flipping shows are a great way to be introduced to the real estate industry, there is still lots to learn that’s not being covered on your television.
Flipping a house entails purchasing a home with the intention of renovating it and reselling it to make a profit.
Whether you’re planning to flip a house, or in the middle of a project, watching these shows can provide helpful instruction and inspiration.
Let’s give you the run down on house flipping shows so you can see the reality behind it all!
So, how did house flipping shows start? Well, the great economic recession hit the world in the 1980s. During this time, earnings from the stock market were down as house foreclosures went up. Guess what started to happen?
Savvy investors were able to get great discounted prices on houses and began buying foreclosed homes, fixing them up, and...
Real estate brokers & agents provide a convenient way of searching, buying, and selling properties. That’s because brokers & real estate agents have unique skill sets and access to industry-specific listing services like the Multiple Listing Service.
In real estate, the ‘MLS’ stands for Multiple Listing Service. The MLS is an online software that brokers & agents utilize to establish contractual compensation offers, accumulate, and even disseminate the information required for appraisals. In simpler terms, it is a database of relevant information on homes or properties for sale in a particular region.
Using this database, real estate agents find the right properties or homes to show prospective buyers with ease. The information contained in this database also plays a very crucial role when it comes to making offers and negotiating real estate deals.
With a whirlwind of information out there, the short sale process can become very confusing and tedious to accomplish. In this article we will break down the core concepts of a short sale in an easy to understand step by step process.
Short sale refers to a real estate sale where the net proceeds of a property sale fall short of all debts that liens have secured against that property. In other words, it’s the sale of a property at a price less than what the current owner owes.
For instance, the amount owed by a homeowner can be $500,000 on a mortgage. However, the value of the home in question can be $400,000. As such, there is a negative equity of $100,000.
But, why would a lender agree to a short sale? Well, lenders are in a money making business. They are not interested in owning homes. When a lender takes a property back and forecloses it, the property is considered a non-performing loan.
In this interview we go over how Carson has been able to start wholesaling houses as an 18 year old! Carson recently quit his job and has gone from making $10/hr to $2,000/hr thanks to wholesaling houses & real estate!
In this in-depth interview, you’ll learn:
- How Carson made $16,400 in profit from his first 2 wholesale real estate deals
- How Carson found the houses that he wholesaled
- How to find cash buyers now for wholesale real estate deals
- The real estate deal numbers break down for each wholesale
- How being a member in the Pro Wholesaler Program has helped Carson grow his wholesaling business
- What to do (and not to do) when starting out wholesaling houses
- Carson’s #1 tip for anyone starting out as a wholesaling beginner
Here is the transcription of the wholesaling houses interview in case you enjoy reading:
Alex: Hey guys,...
It’s possible to make good money in the real estate industry through wholesaling houses. Some real estate gurus teach wholesaling as a way get wealthy without capital. Generally, real estate wholesaling can be a great business. However, it’s not easy and it requires investment of time and effort.
Hey Real Estate Skills Community! Here's my podcast interview from the Real Estate Time Freedom Show by Investor Fuse. I share a ton of real estate golden nuggets like how to wholesale & flip houses on the MLS (Multiple Listing Service)! I also go deep into what makes a Pro Wholesaler versus an Amateur Wholesaler. Enjoy & come learn the best ways to get started in real estate!
Here's a transcription of the video above:
Carlos Zamora: Awesome. Live now with new friend Alex Martinez. Thank you guys for checking out the Real Estate Time Freedom Show today by Investor Fuse, April 18th already. Alex Martinez is joining us. He is the Founder and CEO of www.realestateskills.com, a real estate education company providing coaching tools and resources to start a successful real estate business or career. He got started investing about eight...
Private money lenders play a crucial role in the modern real estate industry. But, who are they? How do you find private money lenders? How do you get a private money lender to give you a loan for purchasing a real estate investment property? These are some of the questions that this article answers!
A private money lender is an individual or entity that issues loans secured by a trust deed and note to fund a real estate deal or transaction. Generally, private money lenders are relationship-based lenders. These are non-institutional lenders that provide short-term loans for the purchase of investment properties. An investor can also get a rehab loan from a private money lender.
A real estate investment deal is incomplete without money. As a professional real estate investor, you should always be actively looking for ways to bring in private money lenders to fund real estate investments and tie up...
How do you get money for real estate deals if traditional mortgage lenders do not work for your situation? Consider getting a hard money loan to financing your next house flip, or other type real estate deal! Learn all about hard money lending right now in this article!
A hard money loan is an asset-based loan and one of the options to consider when traditional lenders won’t finance your real estate deals.
A major factor that may affect your traditional loan approval is your income and credit history. Lenders prefer candidates with a reputable loan repayment history. That’s because repayment history demonstrates the ability of the consumer to repay a loan.
However, it’s apparent that having an income and an impressive credit score is not necessary a guarantee for loan approval. Traditional loans have an invasive process and their approval takes a lot of time. On the other hand, hard money lenders...
Real estate is responsible for creating more millionaires than any other industry. If you think you need your own money and tons of experience to get started, think again!
Mastering the skill of raising money is truly necessary to grow & scale your real estate investing business to new heights, which is why Stan Gendlin & Alex Martinez created this article – just for you.
Successful Real Estate Investors, Stan Gendlin & Alex Martinez, have raised over $150 Million of OPM (Other People's Money) to wholesale, fix & flip houses, AND buy cash flowing property investments. Having the ability raise money for real estate deals has allowed them to start & grow multiple 6, 7, & 8-figure real estate investing businesses.
Whether you’ve never done a real estate deal, or have done 100+ deals and raised $100 Million, you will get tremendous value from this article.
You got this – even if you’re starting from scratch! Let's begin...
In real estate investing & wholesaling, having an up-to-date & legit proof of funds letter is a necessity! If you do not have this, then you are investing like an amateur! Every single wholesale and fix & flip deal I’ve ever completed have all had a Proof of Funds attached along with my offer. Having a Proof of Funds on each & every offer will significantly improve your chances of getting & closing the real estate deal! In this article, we’ll go over what exactly is a proof of funds letter for real estate, why you need it, and how to get it!
A Proof of Funds Letter (POF) is a letter, bank statement, PDF, screenshot, or other document showing that a person or company has the financial ability to close a real estate transaction. Essentially, it’s your “PROOF” that you can close the real estate deal.
I want you to think of the Proof of Funds like “the Golden Ticket,” because...