Articles For Aspiring & Active Real Estate Investors
One of the most challenging hurdles real estate investors face in building their business is accurately estimating the costs of rehab or renovation.
At the same time, homeowners are often left unsure how to budget for home improvement projects or repairs and don’t have an easy way to ensure a quote is on target after reaching out to contractors.
Homewyse aims to make the whole process a bit easier for contractors, investors, and homeowners by providing a platform that offers cost estimates on installation and materials for a wide variety of home remodeling, repair, and renovation jobs. Read on to see how it stacks up in this Homewyse Review.
If you're thinking about investing in real estate, or if you're an investor with some experience, you're probably aware that any investment property you purchase will come with a list of items that need to be fixed.
A successful real estate investor has to be able to estimate how much work a property will need. That includes both time and money that is being spent on a rehab.
The following guide is meant as a general how-to for real estate investors; like the book on estimating rehab costs. Remember that every property will present its own set of unique challenges, but if you follow these steps you'll be able to adapt to problems as they come up.
One of the most critical components of successful real estate investing is having the ability to accurately calculate offers and analyze deals as they become available. That step is so important because literally, everything else relies on it.
But getting the numbers right can be a challenge, especially for new investors.
Rehab Valuator software was developed to address this issue by providing a tool that helps wholesalers, rental buyers, flippers, and developers analyze deals, project their profits and even consider a host of “what if” scenarios.
In this Rehab Valuator Review, we'll cover:
As a real estate investor, you’ll want to stick to certain principles that will give you a leg up against your competition. Abiding by these rules will not only raise your chances of achieving financial freedom, but will increase the speed, precision, and accuracy with which you make your decisions. This will free up more time for other profitable opportunities.
One such rule is the Maximum Allowable Offer Formula (MAO Formula) - a rule that will surely make you a better and more effective real estate investor.
The Maximum Allowable Offer (MAO) is a tried-and-true calculation real estate investors use to determine the price they would like to...
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...
In the real estate business, there are plenty of acronyms and lingo that may sound like a foreign language. In fact, Redfin's Real Estate Glossary has over 200 different terms!
Real estate investors, in particular, seem to have their own way of speaking that leaves most real estate agents scratching their own heads.
Wholesalers, house flippers, and property rehabbers pay special attention to a term that has a major impact on their business and that's ARV! If you want to learn more about flipping houses, this acronym is definitely something you should get familiar with!
Understanding a property's ARV can save you a ton of money and give you peace of mind knowing you are making the right investment decision. Without it, you are playing a dangerous game that could lead you devastated.
That's why we are providing you with this in-depth article to help ensure you make the right moves in this simple yet complex real estate investing...