Articles For Aspiring & Active Real Estate Investors
Abandoned properties can be found in nearly every city across the nation and their low cost is making them increasingly popular with investors. More than 16 million homes—nearly 1 in 10 American homes in all—were classified as ”vacant” in the 2020 census.
Abandoned properties are typically homes near foreclosure or under some other severe financial distress. To be considered abandoned, the owner must have vacated the property and decidedly given up rights to ownership. With no occupants, these homes often fall into serious disrepair. This makes abandoned homes attractive to investors looking for a deal, but an eyesore for neighborhoods and communities.
Locating abandoned homes, determining whether a property would actually make a good investment, and understanding how to buy and locate abandoned properties are all important considerations if you plan to include these properties in your real estate investment strategy.
A motivated seller in real estate is an individual eager or desperately looking to sell their home. The desire to sell may be fuelled by a job opportunity in another state or country altogether, the need to clear a mortgage before foreclosure, or because it’s a distressed property, and they want to get it off their hands.
Whatever their reason may be, it doesn’t always mean their property is fit for your investment. Also, just because they’re motivated to sell doesn’t mean they’ll accept your offer. Asking the right questions is key to ensuring you don’t purchase property too tricky to work with while steering the seller in the right direction.
We compiled a list of 25 questions to ask motivated sellers, starting with tips to help you build rapport with them.
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.
The popularity of real estate wholesaling is a tribute to its viability and potential profitability as a real estate investment strategy. And while it is essential to understand how to complete a wholesale real estate deal, your knowledge of this investment technique remains theoretical until you have a property to wholesale.
In this guide, you'll learn exactly what wholesale properties are and how to find wholesale properties - whether you're a retail buyer, seasoned investor, or new wholesaler. Let's dive right in.
If you’re ready to begin finding motivated seller leads for your real estate business, but don’t know where to start, you’ve come to the right place.
In this guide, you’ll learn what motivated seller leads are and how to find them at any price point.
You’ll learn the key points in speaking with sellers, and most importantly, how to close the deal whether you’re wholesaling, flipping houses, or building a rental property portfolio.
Let’s dive in.
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.
Finding a property to wholesale or invest in is a tricky task for those getting into real estate for the first time. The truth is, real estate investors are always trying to find new ways to obtain the best deal, whether it's their first house or one-hundredth investment property!
One of the most reliable and consistent methods to land great deals is by focusing your efforts on acquiring distressed properties.
No matter what type of distressed property you're going after, many investors aim to buy something that needs work, improve it, then rent or flip the house to turn a profit.
According to research done by ATTOM Data Solutions, while the national house flipping rate dropped in 2020, the average gross profit increased to $73,766 profit per flip and has been hitting record highs since 2000!
While it does take time and resources to renovate and resell these kinds of properties, the return on...
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