Wholesaling Properties | How To Buy And Sell In 5 Steps

If done with the proper guidance, Wholesaling Properties can be an incredibly lucrative venture.

For beginners hoping to join the already thriving world of house flipping, the logical first step is to start by Wholesaling Properties. To wholesale a property is to by buy a property at a cheap price, and then sell the contract to a real estate investor before you have to pay for it. At this point, the investor will close the deal in your place.

Wholesaling is great if you’re an up-and-comer because you don’t directly have to deal with any of the repairs and renovations. Also, you don’t have to pay for the property yourself as long as you sell the contract on time.

If you know the right steps, you can profit considerably from Wholesaling Properties, and thus climb the ladder in the real estate world.

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Learn How To Sell Fast | House Flipping Tips

Holding onto a property for a long time can cost you money, so you should make sure you know How To Sell Fast.

Many people follow the old idiom, “Slow and steady wins the race” in their daily lives. While taking time to methodically contemplate and realize every detail of what you’re doing can be a useful technique in some cases, when flipping houses, quickness is often a more rewarding virtue than patience. If you understand How To Sell Fast, you can minimize your expenses and increase your profit when you flip a house.

However, before knowing How To Sell Fast, you should consider the important reasons why. Understanding the process will help you figure out when specifically is a good time to sell.

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Making Money Flipping Houses Using SOW and CORE

Making money flipping houses means attention to all the little details as well as the big details...here's how to do it.

When I walked into my new house flip in Carver, I was not happy.

We only had hours before we officially put it on the market and there were so many things wrong.

And although I didn't quite look like this guy here on the left...I was pissed...

Small things being left out at the eleventh hour really irritate me. And on this "final walk-through", we were anything but final. In fact, there were TONS of little things that were missed and needed fixing.

I don’t know whose fault it was – but at this point in the project it didn’t matter. All we needed to do was get it fixed.

The Carver Property Flip...Looking Good Overall

As you can see from these before and after pictures, the Carver property came out pretty nicely: Continue reading

CORE and SOW and How to Use Them

Click here to download the SOW I used on the Carver flip!

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Wholesale Real Estate | 2 Key Facts To Consider Before Buying

Buying Wholesale Real Estate is a great way to earn money and to get immersed in the real estate community.

Becoming involved in real estate can an expensive venture, and many people often do not have enough expendable income to invest in properties. Luckily, there is a way to make money, without having to spend money, by buying wholesale real estate.

The negotiating of wholesale real estate, or “wholesaling” is the process in which you buy a property and receive a contract of ownership. What’s great about this is that you do not have to pay for the house up front.

The person who ends up paying for the property is the investor, who will close the house in your place. As the wholesaler, you will sell the contract to the investor at a higher price.

However, before starting a wholesaling project, there are a few aspects of the business you must learn about. These key points are essential to follow so that you can see a profit, instead of literally paying for your mistakes. Continue reading

3 Simple Ways How To Flip Houses With No Money And No Credit

Just because you're short on funds and credit, doesn’t mean you can’t learn how to flip houses with no money and no credit.

House flipping and real estate in general, is a business based in risk and money. Most people believe that, in order to get into house flipping, you must already have a substantial amount of money to invest, or at the very least, decent credit so that you will be granted a loan.

They follow the old saying “you have to spend money to make money” and hold it to be the absolute truth.

While these two aspects make the process easier, it is very possible to learn how to flip houses with no money and no credit. If you have the proper motivation and instruction, you can make money without spending a dime of your own money up front.

Below are a few basic examples of easy ways to get into the business without money or credit. Continue reading

5 Offers in 48 Hours | Update on my latest flip

Today is an exciting day in my personal house flipping business. After a 30 day rehab, I listed this Massachusetts property on Saturday and since then I have received 5 offers. Seeing all your hard work come to fruition is always a really nice feeling.

Yet as with any successful and profitable house flip, this project never would have happened had I not followed a specific formula.

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How to Craft Compelling Offers | a 3 part series

 

 

Acquisition through Wholesaling

How I Broke All 3 House Flipping Rules…and What Happened

What happens when you break the 3 sacred house flipping rules? How much trouble can you get into? We reveal why and when you actually CAN do it here...

It seems like us real estate investors always want to break the rules. We’re independent rebels who are taking control of our lives and turning the status quo upside down…

In fact, I seem to get at least one call per week from my previous coaching students asking me if they should break the rules of house flipping – namely The ARV Rule, The MAO Rule and The 70% Rule.

As you may know, The ARV Rule, The MAO Rule and The 70% Rule  are the three most important house flipping rules you should always stick to.

The After Repair Value (or ARV Rule) is the number that you  believe you can sell a house for after renovations. You get this from your real estate agent or from running comps in the area.

MAO Rule (maximum allowed offer) is the maximum amount that you should pay for a house .

And of course, The 70% Rule is what you use to make all these numbers work.

These rules work, they’ll keep you out of trouble and they will help you Continue reading