Articles For Aspiring & Active Real Estate Investors
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.
At a minimum, a reputable contractor...
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...
Ever been interested in buying a home in a competitive market but weren't sure how to make your offer stand out from the rest?
One of our favorite methods is to make an offer with a substantial earnest money deposit!
An earnest money deposit is a proven way to show a seller you are interested in buying their home.
It shows a level of commitment from the buyer and acts as security for the owner when agreeing to sell their property to a particular buyer.
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When going through the process of buying a house you might find yourself having to go through escrow. So, the big question everyone seems to be wondering is what exactly is escrow?
The concept of escrow can be a confusing topic to get a firm grasp on. But, it is a very important concept to understand and learn. That's why we will break down everything you need to know about it in the article below!
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According to the 2020 Home Buyers and Sellers Generational Trends Report from the National Association of REALTORS® (NAR) Research Group, 41% of listed homes have a price reduction before they get an accepted offer. This means there's usually some flexibility in the listing price, if you use the right offer strategy.
Lowball is a common term when it comes to any form of commerce. We typically see the word pop up when someone is buying something secondhand from another individual.
Let’s say you go to a swap meet or a garage sale and you find something that you’re willing to purchase, but the price is too high.
You can either:
If you chose Option 2, then you chose the basic principle of lowballing.
Now that we've covered the basics, here’s everything you...
Did you know that 25-27% of the U.S. population lives in some form of an HOA? The Foundation for Community Association Research estimates there are 347,000 community associations in the U.S. with 73.5 million residents!
If you're involved in the real estate industry, it's very likely you've encountered an HOA at some point in your career. Even so, there may be a number of real estate investors out there that don't really know what HOA means.
For home buyers, investors, and other real estate professionals, knowing all about HOA's meaning will help you decide on the best property investment strategies.
Even if you reside in an HOA or have just heard about them before, you may still lack an understanding of what they're all about. In this article, you'll learn exactly what an HOA is and everything else you’ve wanted to know about HOAs.
We hope you enjoy What Does HOA Mean? The Ultimate Guide! Use...
Did you know the average homebuyer took 73 days to close on a home after the first visit? That is true according to a data-driven study by Redfin.
If you're a buyer or seller in the real estate business, you might be asking the question, 'How long does it take to close on a house?' Well, you've come to the right place.
Closing on a house can be a daunting and intimidating process, if you don't know what to expect.
Fortunately, after reading this guide the home closing process will be predictable and repetitive for you.
We dive into everything from the amount of time it takes to close on a house to a step-by-step guide on what it means to close on a property.
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Accomplishing the milestone of paying off your home can be a great and fulfilling moment in anyone's life. That's why you should continue that feeling by renting out your house and earning rental income!
Having a rental property is a great source of passive income that can bring constant cash to your pockets without having to work for it. So, understanding the process and rules is critical!
Renting out your property can be a hassle. However, this hassle can easily be avoided when property management companies are involved.
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Whether it be for fun or to gain knowledge, house flipping shows, such as Zombie House Flipping, are a great source of entertainment where you can learn something new. If you want to pick up a new interest, house flipping could be one of those things!
House flipping allows individuals to gain profit by renovating homes and reselling them. Simply watching these shows as a source of pastime could eventually lead into a new, exciting and profitable experience.
There is a wide variety of house flipping shows that are available today and all have something different to offer. This will give you insight on Zombie House Flipping and how to take on house flipping if it sparks your interest!
Hope you're enjoying the Ultimate Guide on Zombie House Flipping! (Use this menu to jump to your section of choice!)
Real estate is a great industry to enter and invest in because it can generate a lot of wealth for the average person. There is a lot of flexibility in real estate because you can be your own boss and work your own hours. You do not need a significant amount of capital to invest in real estate because there are many ways for you to earn profits in real estate with no money or little money to invest.
Even if you are new to real estate or know only a little bit about the industry, you can still learn how to make money in real estate by utilizing the right investment strategies effectively while analyzing potential risks.
However, it is extremely difficult to get a good return on your investment if you do not know what you are getting into or do not thoroughly understand real estate investment strategies and other ways to make money in real estate.
Additionally, you don't need good credit to make money in real estate because there are strategies that do...