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Articles For Aspiring & Active Real Estate Investors

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.

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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!

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Lowball Offers: The Ultimate Guide | Real Estate Skills

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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What Is Home Staging And How Can I Use It? | Real Estate Skills

If you're about to put your home on the market, you definitely want to appeal to as many people as possible. Home staging will help gain the attention you want! 

Home staging may be accomplished to different extents depending on what you want and what your home needs. From hiring a professional home stager to turning it into a do-it-yourself project, big or small enhancements can be made. 

We'll go over the basics, show you the numbers and go over what you need to accomplish home staging!

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What Does HOA Mean? The (Ultimate) Guide

hoa real estate investing May 05, 2020

Did you know that 25-27% of the U.S. population lives in some form of an HOA? The Foundation for Community Association Research estimates there are 347,000 community associations in the U.S. with 73.5 million residents!

If you're involved in the real estate industry, it's very likely you've encountered an HOA at some point in your career. Even so, there may be a number of real estate investors out there that don't really know what HOA means.

For home buyers, investors, and other real estate professionals, knowing all about HOA's meaning will help you decide on the best property investment strategies.

Even if you reside in an HOA or have just heard about them before, you may still lack an understanding of what they're all about. In this article, you'll learn exactly what an HOA is and everything else you’ve wanted to know about HOAs.

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How Long Does It Take To Close On A House?

Did you know the average homebuyer took 73 days to close on a home after the first visit? That is true according to a data-driven study by Redfin

If you're a buyer or seller in the real estate business, you might be asking the question, 'How long does it take to close on a house?' Well, you've come to the right place.

Closing on a house can be a daunting and intimidating process, if you don't know what to expect. 

Fortunately, after reading this guide the home closing process will be predictable and repetitive for you. 

We dive into everything from the amount of time it takes to close on a house to a step-by-step guide on what it means to close on a property. 

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Top Real Estate Jobs (2021) | The Ultimate Guide

According to the U.S. Bureau Of Labor Statistics, there will be around 472,000 real estate broker and sales agent jobs in 2020 with a projected growth rate of 7% between 2018 and 2028. That means an additional 3,240 new real estate jobs are expected to be added every year this decade!

Have you ever wondered what real estate jobs are out there besides being a real estate agent? Not sure if you need any experience, education, or even a license?

Have you ever thought about pursuing a career in the real estate industry, but you're worried that you'd have to leave your full time job in order to do so?

The beauty of real estate is that you have a variety of opportunities, whether you work for a real estate business or start your own enterprise.

Lucky for you we have our Ultimate Guide on the top full-time and part-time real estate jobs available in 2021.

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Property Management Companies: The Ultimate Guide | Real Estate Skills

Accomplishing the milestone of paying off your home can be a great and fulfilling moment in anyone's life. That's why you should continue that feeling by renting out your house and earning rental income!

Having a rental property is a great source of passive income that can bring constant cash to your pockets without having to work for it. So, understanding the process and rules is critical! 

Renting out your property can be a hassle. However, this hassle can easily be avoided when property management companies are involved. 

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