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Articles For Aspiring & Active Real Estate Investors

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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Real Estate Memes: The Ultimate Guide | Real Estate Skills

real estate memes Jun 02, 2020

Along with each generation, advancements in technology are also made. The use of technology is widespread, connecting everyone with one another no matter where they are in the world. Businesses are able to function completely online (just like Real Estate Skills!), buying and selling products from other countries is more feasible and making social connections is easy.

With the extensive abilities that technology provides, anything that is put on it will potentially reach audiences of different backgrounds. Social media sites and online messaging platforms help make those connections, and spread of information, possible. 

While the internet is able to provide us with professional and useful information, it is also used simply for entertainment. Streaming services for TV shows and movies, as well as viral videos that spread over social media, are just a few that are utilized by many to be entertained. 

A popular trend that is also making its way around the world are memes....

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

When going through the process of buying a house you might find yourself having to go through escrow. So, the big question everyone seems to be wondering is what exactly is escrow?

The concept of escrow can be a confusing topic to get a firm grasp on. But, it is a very important concept to understand and learn. That's why we will break down everything you need to know about it in the article below!

Read on and enjoy What Is Escrow: The Ultimate Guide! Use this menu to jump to your section of choice: 

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Lowball Offers: The Ultimate Guide | Real Estate Skills

real estate investing May 19, 2020

According to the 2020 Home Buyers and Sellers Generational Trends Report from the National Association of REALTORS® (NAR) Research Group, 41% of listed homes have a price reduction before they get an accepted offer. This means there's usually some flexibility in the listing price, if you use the right offer strategy. 

Lowball is a common term when it comes to any form of commerce. We typically see the word pop up when someone is buying something secondhand from another individual.

Let’s say you go to a swap meet or a garage sale and you find something that you’re willing to purchase, but the price is too high.

You can either:

  1. Agree with the price and make a purchase with no hesitation. 
  2. Negotiate the price with the vendor since it’s a secondhand item, in an attempt to purchase at a lower price.

If you chose Option 2, then you chose the basic principle of lowballing.

Now that we've covered the basics, here’s everything you...

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