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Articles For Aspiring & Active Real Estate Investors

Double Closing: The Ultimate Guide | Real Estate Skills

As today’s climate of record low inventory and record home sale prices continues, real estate investors must understand and implement a wide variety of tactics and strategies to keep their portfolios alive and profitable.

When done correctly, a double closing allows investors to move quickly on acquiring investment properties with minimal capital. Utilizing a double closing is a creative exit strategy for real estate wholesaling.

In this ultimate guide, we’ll break down everything you need to know about using the double closing method. 

After reading this article, you’ll learn the following:

  1. You’ll know the difference between assignment and double closing.
  2. You’ll know how and when to use an assignment or double closing to your advantage.
  3. You’ll have a new exit tactic to add to your real estate investing strategy.

We hope you enjoy Double Closing: The Ultimate Guide! Let’s dive in and learn how to close more deals!

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What The Property Brothers Don't Tell You | Real Estate Skills

With more time spent at home, you may catch yourself channel surfing more than usual, trying to help the family find something new to watch. Well, what if we told you that you could get a good source of entertainment AND learn something new all by watching one show? Too good to be true? Well, we’ll change that for you. 

There are a wide variety of house flipping shows that give you insight into what the business entails. Some may watch these just to pass some time and others may use this as inspiration to take on their own projects and gain a little profit within the house flipping business. 

House flipping is a great investment opportunity that will provide you with a great profit if it is done correctly. According to ATTOM Data Solutions, the gross profit from house flipping increased to $62,300 within the first quarter of 2020. Although the future may be uncertain, you may still have a great chance of gaining that profit.

Regardless of your intentions,...

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Wholetailing: The (Ultimate) Guide | Real Estate Skills

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...
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What Is A Pocket Listing? The (Ultimate) Guide | Real Estate Skills

Pocket listings are one of the unique and controversial methods of buying and selling real estate.

The “pocket” side of the term is metaphorical. It is essentially a listing represented by a real estate agent who is exclusively selling a property without advertising it to the general public.

Thus, they are said to be keeping the property in their pocket to maintain privacy and sell only to a limited buyer pool.

The National Association of Realtors (NAR) found that up to 30% of all listings are believed to be pocket listings in some real estate markets.

This method of selling keeps properties very low-profile, which may be a preferred method of buying and selling for some. For others, they are perceived as a disservice to the real estate market as a whole.

If you're eager to learn all about pocket listings and how to benefit from them in your business, then look no further.

Read on and enjoy What Is A Pocket Listing? The Ultimate Guide! (Use the menu below to jump to the...

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What Is ARV? The (Ultimate) Guide | Real Estate Skills

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...

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What Is Driving For Dollars? The (Ultimate) Guide

Getting started in the real estate business might seem intimidating if you’re not sure where to begin, but the truth is there are many strategies to become a successful real estate investor. One traditional yet simple real estate technique to start making some cash is called driving for dollars.

According to the National Association of REALTORS®, about 5.34 million existing homes were sold in the U.S. in 2019 compared to just 4.34 million in 2009. With this growing demand in the last decade, there’s no doubt that you'll land a great real estate deal using the right approach.

Driving for dollars is an extremely effective method to make money and start investing in real estate. In fact, you most likely already have the items needed to start right now!

Buckle up and enjoy What Is Driving For Dollars: The Ultimate Guide because you’re in for a real treat. Use this menu to jump to your section of choice:    

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What Is FSBO? The (Ultimate) Guide | Real Estate Skills

For Sale By Owner (FSBO) is a term used in the real estate world that is the epitome of independence in the process of selling a home.

Why? This is due to the fact that 89% of home sellers work with a real estate agent to sell their home

What if we told you that it doesn’t take an expert to sell your house?

That’s right! Selling your home following the best practices of FSBO can put more money in your pocket, rather than hiring someone else to do it for you.

We're talking about thousands of dollars potentially saved on the sale of your home. Who doesn't like saving money? But, you need to know what you're doing.

Now that we have your attention, we'd like to present: What Is FSBO? - The Ultimate Guide! Use the menu below to view different sections within the article:

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What Are Contingencies In Real Estate? The (Ultimate) Guide

For 99% of the population, buying a home is the largest and most important purchase they will make in their lifetimes. The property will cost you a lot of money so you want everything to go as smooth as can be when buying a home.  As a real estate investor, you may want to add contingencies to your home offer contracts so that you have a way out of the deal if needed.

When the seller accepts your offer on a house, you will enter into a sales contract in order to complete the purchase. The contract will include things like the sale price, the amount of the earnest money deposit, and the length of escrow. Since most real estate transactions involve contingencies, you'll want to learn about the contingencies that protect yourself as a buyer.

If you are looking to buy a home, you should ask yourself questions like: What Are Contingencies? What Are Some Common Contingencies? What If I Don’t Include Contingencies In a...

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Red Flags Before Hiring a Contractor | Real Estate Skills

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

At a minimum, a reputable contractor...

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Virtual Wholesaling: How To Flip Houses From Home (2020)

In the past decade, technology has completely transformed the real estate industry. According to the National Association of REALTORS®, 52% of home buyers in 2019 found the home that they purchased through the internet. It's also no surprise that more and more people are working from home now than ever before.

What if we told you about an emerging group of real estate investors doing deals remotely all over the country in places they’ve never been before, buying properties they've never laid eyes on, yet are making incredible sums of money to the tune of $10,000, $20,000, $50,0000, and even $200,000 per deal?

In this Real Estate Skills exclusive article, we’re going to pull back the curtain and reveal the techniques these long-distance real estate investors would rather keep a secret – we’re talking about a real estate strategy called virtual wholesaling.

I have personally used this virtual wholesaling process to complete...

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