Articles For Aspiring & Active Real Estate Investors
How do you get money for real estate deals if traditional mortgage lenders do not work for your situation? Consider getting a hard money loan to financing your next house flip, or other type real estate deal! Learn all about hard money lending right now in this article!
A hard money loan is an asset-based loan and one of the options to consider when traditional lenders won’t finance your real estate deals.
A major factor that may affect your traditional loan approval is your income and credit history. Lenders prefer candidates with a reputable loan repayment history. That’s because repayment history demonstrates the ability of the consumer to repay a loan.
However, it’s apparent that having an income and an impressive credit score is not necessary a guarantee for loan approval. Traditional loans have an invasive process and their approval takes a lot of time. On the other hand, hard money lenders...
In real estate investing & wholesaling, having an up-to-date & legit proof of funds letter is a necessity! If you do not have this, then you are investing like an amateur! Every single wholesale and fix & flip deal I’ve ever completed have all had a Proof of Funds attached along with my offer. Having a Proof of Funds on each & every offer will significantly improve your chances of getting & closing the real estate deal! In this article, we’ll go over what exactly is a proof of funds letter for real estate, why you need it, and how to get it!
A Proof of Funds Letter (POF) is a letter, bank statement, PDF, screenshot, or other document showing that a person or company has the financial ability to close a real estate transaction. Essentially, it’s your “PROOF” that you can close the real estate deal.
I want you to think of the Proof of Funds like “the Golden Ticket,” because...
Wholesaling is when you find a property, get it under contract with the owner, and then sell the rights of that contract to another investor who wants to renovate the property. With Wholesale Real Estate Investing, the goal is to always create what I call “Win-Win-Win Scenarios." Get ready because we're about to take a deep dive into how wholesaling real estate works!
You create a win for the seller of the property because you are getting them out of a sticky situation. For example, the seller can be facing foreclosure and need to sell their home quickly to avoid ruining their credit for years. Maybe the property is owned in a trust with 6 different owners, and instead of putting the property on the market and evaluating 20 different offers, they may just want to work with you, with no commissions involved.
You also create a win for the real estate investor...
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...
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 &...
Come see Stan Gendlin & Alex Martinez discuss Wholesaling vs. Flipping Houses! Alex & Stan will go over the Pros & Cons of Wholesaling vs. Fixing & Flipping Houses so you can roll into 2019 with a head start!
Also discussed in this video:
In case you like to read, here's a transcription of the video:
Alex: Three, two, one. We should be live now. What's up, guys? It's Alex Martinez with Real Estate Skills and today I got Stan Gendlin. I'm over here in San Diego. Stan's over there on the East...
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...
The real estate industry is among the key drivers of economic growth across the world. Due to the huge potential of the real estate sector, more people are joining the industry. Most people focus on the financial aspects of this industry. However, there is more to real estate business than just money. In fact, there are many things that you should know to succeed in this industry. So, what is real estate and what does it entail?
Real estate refers to property in terms of land, buildings and rights of air, both above and beneath the land. In simple terms, real estate is physical property. This article highlights the key elements of real estate. It focuses on enhancing your understanding of this industry and how it works.
Residential real estate refers to the property that is developed for living in. There are various property types that are categorized under residential real estate. They include single family houses, mobile home parks, and...