Doing What I’ve Never Done: The Modular Home House Flip

A modular home house flip? Seriously? Yep, I tell people all the time to step out of their comfort zone...and I did it here.

"Do what you fear most and you control fear"

-Anthony Robbins

My acquisition manager Bill Roberts, who is a huge Tony Robbins fan reminded me of that quote a few weeks ago.

But I couldn't help but think how it applied to my most recent modular home house flip that we've been doing in Sagamore Beach.

Not that I had a "fear" of modular homes, I've just never actually built one or bought one before. So when I decided to do this deal with my contractor Bill Bachant a few months back, I really felt like I was back four years ago when I first started house flipping.

And I have to tell you, it was really awesome learning a brand new way to invest in real estate.

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Modular Home House Flip

"Do what you fear most and you control fear"

-Anthony Robbins

My acquisition manager Bill Roberts, who is a huge Tony Robbins fan reminded me of that quote a few weeks ago.

But I couldn't help but think how it applied to my most recent modular home house flip that we've been doing in Sagamore Beach.

Not that I had a "fear" of modular homes, I've just never actually built one or bought one before. So when I decided to do this deal with my contractor Bill Bachant a few months back, I really felt like I was back four years ago when I first started house flipping.

And I have to tell you, it was really awesome Continue reading

The 10 Types Of Motivated Sellers | Part 2

Want To Learn How To Invest In Real Estate? Make sure you know the types of motivated sellers to buy from.

How To Invest In Real Estate 10 Types Of Motivated Sellers Part 2If you want to learn how to invest in real estate, you should learn about what makes a good motivated seller. Motivated sellers are very different than typical homeowners trying to sell their property. Most people will try to get the best possible price for their home and are willing to wait a long time to make sure they get it.

For motivated sellers, on the other hand, time is of the essence. There is some sort of reason they need to unload the property fast, whether it is because they need cash fast, or they are losing money on the house the longer they hold onto it.

Motivated sellers are the more desirable of the two options for this reason. They can’t afford to play cat and mouse and they are usually willing to negotiate down to meet your needs.

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How To Invest In Real Estate | 10 Types Of Motivated Sellers | Part 2

Want To Learn How To Invest In Real Estate? Make sure you know the types of motivated sellers to buy from.

How To Invest In Real Estate 10 Types Of Motivated Sellers Part 2If you want to learn how to invest in real estate, you should learn about what makes a good motivated seller. Motivated sellers are very different than typical homeowners trying to sell their property. Most people will try to get the best possible price for their home and are willing to wait a long time to make sure they get it.

For motivated sellers, on the other hand, time is of the essence. There is some sort of reason they need to unload the property fast, whether it is because they need cash fast, or they are losing money on the house the longer they hold onto it.

Motivated sellers are the more desirable of the two options for this reason. They can’t afford to play cat and mouse and they are usually willing to negotiate down to meet your needs.

Continue reading

How To Purchase Real Estate | 10 Types Of Motivated Sellers | Part 1

If you want to learn How To Purchase Real Estate, make sure you know the 10 most common types of motivated sellers.

How To Purchase Real Estate The 10 Types Of Motivated Sellers Part 1While buying a property can happen quick, it is also perhaps the most important part of the house flipping process. If you wish to make a profit at the end of your project, you need to buy the right house.

What most real estate investing experts will tell you is to find a motivated seller. Easy enough, right?

But what is a motivated seller?

In essence, a motivated seller is a person who wants to sell his or her home as quickly as possible, and is less concerned on getting the full value of the property. For this reason, you as a buyer might be able to get a great deal on a property through these people.

Continue reading

The 10 Types Of Motivated Sellers | Part 1

If you want to learn How To Purchase Real Estate, make sure you know the 10 most common types of motivated sellers.

How To Purchase Real Estate The 10 Types Of Motivated Sellers Part 1While buying a property can happen quick, it is also perhaps the most important part of the house flipping process. If you wish to make a profit at the end of your project, you need to buy the right house.

What most real estate investing experts will tell you is to find a motivated seller. Easy enough, right?

But what is a motivated seller?

In essence, a motivated seller is a person who wants to sell his or her home as quickly as possible, and is less concerned on getting the full value of the property. For this reason, you as a buyer might be able to get a great deal on a property through these people. Continue reading

How To Wholesale Like A Pro | 5 Pointers To Help Step Up Your Game

How To Wholesale 5 Pieces Of Advice To Help Step Up Your Game

If you want to know How To Wholesale, make sure you learn these clever tips.

When people think of real estate investing, they usually imagine something along the lines of house flipping or long term buying and holding. However, a crucial part of the real estate world that is often overlooked is wholesaling.

As you might know, wholesaling is the act of finding a property and then, instead of buying it, putting it under contract and finding a buyer to close in your place.

Wholesaling bares much less risk than standard house flipping and can be appealing to people that have not yet built up a sum of expendable income.

Below are a few critical ways to improve your mindset and execution when wholesaling.

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Wholesale Like A Pro With These Five Pointers

If you want to know How To Wholesale, make sure you learn these clever tips.

How To Wholesale 5 Pieces Of Advice To Help Step Up Your GameWhen people think of real estate investing, they usually imagine something along the lines of house flipping or long term buying and holding. However, a crucial part of the real estate world that is often overlooked is wholesaling.

As you might know, wholesaling is the act of finding a property and then, instead of buying it, putting it under contract and finding a buyer to close in your place.

Wholesaling bares much less risk than standard house flipping and can be appealing to people that have not yet built up a sum of expendable income.

Below are a few critical ways to improve your mindset and execution when wholesaling.

Continue reading

How To Make The Right Offer When Flipping

Knowing the steps to making the right offer with help teach you How To Purchase Real Estate.

How To Purchase Real Estate Making The Right OfferImagine for a second that you are looking to purchase a house to invest in. You search through listings on MLS, in the newspaper, on Craigslist and even drive around town looking for “for sale” signs.

Finally you find it: the perfect house for your flip. The asking price is even below 70% of the ARV. Everything is working out great.

Except that you aren’t the only one looking at this house. There are more than a few other investors taking the same bait as you, and you are on the brink of a bidding war.

When you are the only one making an offer on the house, you can influence the seller to meet your needs. However, if there are multiple bidders, you don’t have time to play hard to get.

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