Real Estate Blog

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.

• What Does MAO Mean in Real Estate?
• What Is The MAO Formula?
• How To Calculate The Maximum Allowable Offer?
• What Is The MAO Wholesale Formula?
• Can You Use The MAO Formula For House Flipping?
• How To Create A Maximum Allowable Offer Spreadsheet
• Final Thoughts

What Does MAO Mean in Real Estate?

The Maximum Allowable Offer (MAO) is a tried-and-true calculation real estate investors use to determine the price they would like to...

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....

Wholetailing? Is that a typo? You mean wholesaling, right? Not necessarily!

Wholetailing is a hybrid real estate concept in the world of real estate investing. Wholetailing combines the principles of wholesaling and rehabbing a distressed property.

It is a relatively newer investing concept and is utilized by novice and experienced real estate investors alike. Wholetailing is a unique strategy because it allows a lot of flexibility around purchasing, financing options, potential buyers, and investing exit strategies.

Wholetailing can also be part of a larger strategic financial portfolio, providing passive income and financial security to your family for many years to come. 

With average life spans increasing every year (now at 78 years old), it is critical for investors to create thoughtful and sustainable portfolios now.

In this article, you will learn all of the benefits of adding wholetailing to your real estate investing strategy, including: 

• Accessing a wider...

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,...

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!

Hope you're enjoying What Is Home Staging And How Can I Use It? Use this menu to jump to the section of your choice: 

• 1. What Is Home Staging?
• 2. What Are The Benefits Of Home Staging?
• 3. Home Staging Statistics
• 4. What Do Home Staging Jobs Involve?
• 5. What Are Some Options For Home Staging Companies?
• 6. How Much Does Home Staging Cost?
• 7. Who Pays For Home Staging?
• 8. Should You Rent Or Buy Furniture For Home Staging?
• 9. Do I Need A Certification...

Our team at Real Estate Skills recently heard about a house flipping simulation game that lets you buy repair and remodel fixer upper houses– yes, you heard that correctly.  Being the real estate enthusiasts that we are, it certainly caught our attention.

Whether you’re a die-hard gamer or just looking to get into your first fix and flip house, the House Flipper game is one of those video games that should be on your radar.

So, if you want to have your own HGTV experience without rolling up your sleeves and getting your hands dirty, perhaps this is the perfect type of entertainment for you.

Read on and enjoy House Flipper Game: The Ultimate Guide! Use this menu to jump to your section of choice:

• 1. What Is The House Flipper Game?
• 2. Who Made The House Flipper Game?
• 3. What Is House Flipping?
• 4. Is The House Flipper Game Anything Like Real Life?
• 5. What’s The House Flipper Gameplay Like?
• 6. Who Plays The House Flipper Game?
• 7. What Is House Flipper...