House flipping is becoming a popular trend in the modern real estate industry. The trend is attracting investors in huge numbers. Maybe you are thinking of joining the trade but still unsure on how to start flipping houses. If so, read on to learn everything you want to know about house flipping and how to get started.
There are varied definitions of flipping homes. However, it simply refers to an investment strategy where a real estate investor buys a property at a discount and improves it for sale at a higher price later. Flipping houses is a strategy for making quicker profits as opposed to buying, holding, & renting. Profits can be quite lucrative if the conditions in the real estate market are favorable.
House flippers often prefer buying homes that are old and distressed because such properties are easy to acquire at fairly cheaper prices, such as foreclosures or short sales. Thus, they present higher chances for investors to make a...
Once your wholesale real estate business starts to bring in more deals, doing all the work alone will be increasingly difficult. Since sealing each wholesale deal entails completing many tasks, you’ll have to wear different hats. However, some tasks can be very challenging while others will be more mundane. Once work starts pilling up after sealing a few deals, you will find it important to build a wholesale real estate. Doing so will relieve you some workload while allowing you time to build and grow the wholesale real estate business.
Look at your wholesale real estate business as a football team. While growing your wholesaling company, you have to bring the best players and coaches into the team.
The first season entails playing all positions in the team including the position of the owner, head coach, and the general manager. This will help you to develop more skills and get you more involved. However, you...
The Commercial Real Estate industry is HARD. Commercial Real Estate is not for the weak hearted; however this article offers 3 pieces of advice that will help cut down your learning curve and perform FAR above the majority of your competition.
FACT: Per Tom Ferry’s website (one of the top producing real estate brokers in the United States) 87% of all real estate agents FAIL and get out of the industry within the first 5 years of being licensed. My guess is that in the Commercial Real Estate space, that number a lot higher, likely in the mid 90% range.
So why do the vast majority of new commercial real estate agents fail? Is there not enough business to go around? Has every property owner already forged their relationships with existing brokers and thus all clients are already spoken for? Is it a lack of experience in doing deals? Lack of network, creativity, hustle, etc?
The brutal truth is: it can be a combination of all...
Real Estate Skills went LIVE recently with Alex Martinez & Stan Gendlin to discuss How To Invest In Real Estate With No Money! Alex & Stan have bought, wholesaled, and fixed & flipped more than $90M in Real Estate since 2012.
The best real estate investing businesses use “Other People’s Money” & creative financing strategies to grow & scale their businesses which are covered in this discussion.
In this LIVE discussion, you will learn:
If you’ve been in the real estate industry for awhile, then you’ve most likely heard of “Real Estate Comps.” If you you haven’t heard of “Real Estate Comps,” then it’s time to get fully acquainted right now!
What you are about to learn in this article will teach you several different things, like: how to find comps in your area or neighborhood, how to find comps without a realtor, how to look up comps online for free, and the Comp Criteria we use at Real Estate Skills. The Real Estate Skills Comp Criteria has been responsible for accurately analyzing property & generating millions in real estate investing profits for years.
By the end of this article, you’ll be able to find real estate comps to determine the value any house, and you will fully understand principles that the best real estate investors in the world use to determine house value estimates.
Whether you are a Real Estate Wholesaler, Fix &...
Meet Tyler. Tyler Toubeau started working with me when he had already spent a year and a half of time, $30,000 in real estate courses, and $12,000+ on marketing trying to get his first wholesale deal. Unfortunately, Tyler was not able to get his first wholesale deal alone in those 18 months.
He attended workshops just like you did and was very skeptical. Tyler knew that if he didn’t make a change in his life that nothing was going to change and he decided to trust me and the process and jump right in.
After a year and a half of spinning his wheels, he started working with me and completed his first wholesale deal WITHIN 3 WEEKS!
Tyler did an amazing job on this wholesale deal and has now completed multiple other wholesale deals, as well!
This video is perfect for you if you’ve ever wondered, “How am I going to get my first wholesale deal?”
In this video you’ll see:
Are you a Real Estate Investor and ever wonder the question of: "Do I Still Make Offers Even If There Are Offers Higher Than Mine?"
From this video, you will quickly LEARN WHY it makes completes sense to submit offers on properties you are looking to wholesale and fix & flip EVEN IF there are higher offers than yours!
This video is a sneak peak of the Q&A Mentor Calls that take place with those in our Pro Wholesaler Program. The Q&A Mentor Calls take place every other week where all students in the program get to ask questions about the wholesaling process, contracts, specific deal questions, real estate negotiation, and any other questions regarding wholesaling and fixing & flipping real estate.
In case you enjoy reading, here's a transcription of the video:
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Would you make an offer even if there is an offer higher than what you would pay? Would you keep sending offers for what you think it's worth even...
Brandon is in his young twenties & had zero real estate experience when he joined the Pro Wholesaler VIP Membership by Real Estate Skills. Now, with zero experience & with spending $0 in marketing, Brandon made $12,000 on his first wholesale real estate deal!
In this interview you will learn:
- How Brandon went from knowing nothing about real estate & wholesaling to making $12,000 on his first wholesale real estate deal!
- How he was able to wholesale a house with only laptop and phone
- How he was skeptical about wholesaling real estate at first, but not anymore
- How we smash the misconception that finding cash buyers for your wholesale deals is difficult (Brandon found all the cash buyers he needed in just 5 days)
- How he found his first properties to wholesale on the MLS
- How he got access to the MLS (Multiple Listing Service)
- How Brandon submitted 15 wholesale offers, got 2 wholesale deals under contract, and closed one of them for $12,000,...
Hey, guys, What's up? It's Alex Martinez, and today's video is How to Talk to Cash Buyers and Find Their Buying Criteria.
First off, cash buyers are the real estate investors that are going to buy your wholesale real estate deals. They are most likely renovators or flippers that want to purchase a property, renovate it and resell it for a profit. You get paid by bringing them this nice deal that you get under contract, and then you sell that contract or assign that contract to them for $10,000 plus. Cash buyers want you, and you need cash buyers to buy your property with all cash.
So, you may be asking, "How do I find cash buyers?" I previously made a video on how to find cash buyers in your area in one minute or less, so definitely check that out, but some other ways are to go to your local real estate investing association, and there you can meet cash buyers. Also, when you see bandit signs on the side of the road, give them a call, because there's most likely cash buyers on the...