Real Estate Blog

Thinking about embarking on a journey of flipping houses in California? You've arrived at the right destination.

It's essential to note the recent trends shaping the California real estate landscape. According to the 2023 Housing Market Forecast by the California Association of Realtors, the state's median home price is set to decline by 8.8 percent this year. This, combined with a slight population decrease of 0.3 percent from 2021 to 2022, suggests an evolving market landscape that potential house flippers should consider as they plan their investments.

In this comprehensive guide, we'll unpack all the critical elements you'll need to effectively identify, acquire, refurbish, and resell homes in California. We'll delve into the legal nuances of property flipping, spotlight the prime cities for flipping houses, and explore financing strategies that can work even if you're grappling with a lack of funds or a poor credit score.

California boasts a dynamic and competitive real...

If you've ever searched for your friends on social media or tried to track down a celebrity, you've already dipped your toes into the world of skip tracing. But did you know that as a real estate investor or wholesaler, skip tracing can be a game-changer in your business?

By leveraging skip tracing techniques, you gain a competitive edge by uncovering the elusive phone numbers of your target contacts, opening doors to better negotiations and increased deal opportunities.

At Real Estate Skills, we will explore the definition of skip tracing, analyze its significance, discuss effective strategies, and unveil the best skip tracing tools that to help you master this effective real estate investing strategy!

1. What Is Skip Tracing?
2. What Is Skip Tracing In Real Estate?
3. Is Skip Tracing Legal?
4. Benefits Of Skip Tracing In Real Estate
5. Drawbacks Of Skip Tracing In Real Estate
6. Skip Tracing Alternatives For Real Estate Investors
7. How To Do Skip Tracing In Real Estate
8. What Types Of Property...

The real estate marketing landscape has undergone a significant transformation over the years. Gone are the days of relying solely on traditional marketing like billboards and print advertisements. To generate high-quality leads and land ideal clients, real estate professionals, including wholesalers, rehabbers, and realtors, must leverage innovative tools.

One such tool that has emerged as a game-changer in the industry is Leadflow. 

• What Is Leadflow?
• What Are The Benefits Of Leadflow?
• How To Use Leadflow
• Leadflow vs Competitors
• Leadflow FAQ
• Is Leadflow Worth It?

What Is Leadflow?

Leadflow is an AI-based real estate lead generation software designed to cater to the needs of real estate agents, landlords, investors, and real estate brokers. Its primary purpose is to assist these professionals in identifying properties that have a higher likelihood of being sold.

In addition to its lead generation capabilities, this SaaS platform has a range of marketing tools...

Aspiring real estate investors must understand and comprehend several concepts. However, few fundamental ideas associated with investing are more important than a subject property’s after-repair value (ARV). It is the ARV, after all, that will set the bar for two of today’s most popular exit strategies: wholesales and rehabs.

Investors must learn how to apply an estimated value to a property after it has undergone necessary repairs and renovations. Fortunately, there’s a tool that makes the process a lot easier to digest: an ARV calculator.

Whether you are a seasoned veteran or a new investor learning the ropes, an ARV calculator will make your life much easier. The after-repair value is an essential metric for numerous exit strategies, which begs the question: What is ARV in real estate? So let’s look deeper at the ARV meaning and how investors may apply it to their businesses. We’ve developed this guide to tell you everything you need to know about...

If you’re interested in real estate investing and are looking to own real estate, become a house flipper, or buy an investment property to rent out, you might be asking yourself: “Do I need a real estate license to get the job done?”

Investment sales requires a license, real estate rental brokerage requires a license, and being a lender requires a license. But, what about flipping houses?

Well, you’ve come to the right place.

If you are someone who wants to become a successful real estate flipper and buy good real estate investments either as a side hustle or a full-time gig, you must understand the ins and outs of the business. And, that first step is understanding the license requirements - if any - needed to crush it in the house flipping business.

Let’s dive in.

• Can You Flip Houses Without A Real Estate License?
• Should I Get A Real Estate License To Flip Houses?
• What Certifications Do You Need To Flip Houses?
• Can A Realtor Flip Houses?
• What Can I...

House flipping shows have been airing for as long as anyone can remember and have gained popularity over the years. These shows appeal to everyone, from new homebuyers looking for some inspiration for themselves to those looking into real estate investing, to people just randomly tuning in while flipping through channels.

Along with the other opportunities the real estate industry provides, house flipping entails the process of purchasing a home, renovating it, and reselling it. The "flip" is the turnaround time from the initial purchase of the home to selling it at the closing table.

With such easy access to the variety of house flipping shows available today, it is important to acknowledge that each will give you a different perspective of the house flipping process. This article will dive into the Flip This House series and how to venture into real estate investing if you wish to explore it further!

Enjoying The...

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.

• What Is The 70% Rule In House Flipping?
• What Does 70% of ARV Mean In House Flipping?
• Uses of the 70% Rule In Real Estate
• The Math In A House Flipping Deal
• How Accurate is the 70% Rule In House Flipping?
• Final Thoughts on the 70% Rule in House Flipping

What Is The 70% Rule In House Flipping?

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...

Micro flipping is a phrase that’s been gaining steam in the real estate industry recently and is a new market sector that everyone should know about. Done right, this is simpler and less risky than conventional house flipping and can also be very lucrative. Done wrong, it could land you with some serious financial headaches.

Technological advancements are made with each generation, but it’s fair to say that technology is evolving faster now than it has in the past. With all these developments, the way we do business has changed dramatically.

Many organizations, including Real Estate Skills, function completely online. Remote selling of stocks and shares is possible too, which has opened trading possibilities to the general public that used to be available to professional brokers only.

Micro flipping is a clear example of a business model that really only works in this day and age, where internet resources allow you to access large, complete sets of data. Analyzing...

Needing a work break? Stuck at home with nothing to watch? With all the uncertainty we face today, you may be looking for more ways to be entertained, well Flip or Flop might be your next must-see series! 

Flip or Flop is not just another show you'll catch while flipping channels, it's one that you may want to stick to. Although it may seem like just another home network show, you'll be able to gain a lot of insight into the house flipping business and how it may benefit you in one way or another. 

In a recent article by fool.com, house flipping has been gaining popularity over the last few years. House flipping shows, Flip or Flop specifically mentioned, have been seen to impact this gain in popularity. During the first quarter of 2020, 7.5% of home sales were flipped, a jump from 2017 when it was just 5.7%. 

With a growing audience, these shows have provided a perspective for them to gain knowledge on the house flipping business....

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
• 2. Demands Unreasonable Payment Up Front
• 3. Solicits Your Home
• 4. Lacks Permits
• 5. Can’t Present Proof of Insurance
• 6. Refuses to Sign a Contract
• 7. Has Outdated or Missing References
• 8. Lacks a Website, Portfolio, or Reviews
• 9. Communicates Poorly

1. Lacks Contact Information

At a minimum,...