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Archive of Michael LaCava

Michael LaCava is a full time real estate investor, house flipping coach and the President of Hold Em Realty located in Wareham, MA. He runs the website House Flipping School to teach new real estate investors how to flip houses and is the author of "How to Flip a House in 5 Simple Steps".

Michael has written 85 articles for The BiggerPockets Blog.


Flipping Houses & Rehabbing

3 Tips To Sell Your Flips Faster Than You Can Say “Easter Bunny”

by Michael LaCava April 20, 2014
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One way of raising the value of property is by renovating it to make it more attractive to potential buyers. But don’t just renovate everything…focus on the important things. The first thing that buyers notice is how the property looks like on the outside because it gives a potential buyer an impression of what the […]

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Real Estate

5 Simple Tips to Make Your House Flip Strategy Foolproof!

by Michael LaCava April 13, 2014
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Investing in real estate can be somewhat unpredictable… This is why you need to have a plan to eliminate the risk. It’s nearly impossible to predict what kind of problems can arise during rehabbing or selling or if the market will plateau. Some things you just cannot predict…and market valuations are one of them, so […]

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Real Estate Tips

How to Build Long Term Wealth From Flipping Houses

by Michael LaCava April 6, 2014
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When you first get started flipping houses, you only think of the short-term cash influxes flipping brings you. But in your quest for cash by selling your flips quickly, you may want to think about longer term wealth building strategies like building a base of recurring income. I do this through the acquisition of rental […]

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Flipping Houses & Rehabbing

How to Decide WHO Should Renovate Your House Flip [Here Are 3 Good Options...]

by Michael LaCava March 30, 2014
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You’ve found that perfect house flip… You’re a week or so away from closing… You’re in the game…you’re excited, filled with anticipation, maybe a little fear… You’ve taken the plunge and you are now officially a real estate investor… It feels pretty good… But then you think: Aw man, who the heck is going to actually […]

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Flipping Houses & Rehabbing

The Five Fundamental House Flipping Team Members

by Michael LaCava March 23, 2014
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Many people think house flipping is a solo act. It’s nowhere near true. It’s more like being the conductor of a symphony. At times it may be more like conducting the Boston Elementary School Orchestra than the Boston Symphony Orchestra…but it’s definitely not a solo act by any stretch. Like any good orchestra, you build […]

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Flipping Houses & Rehabbing

5 Simple Ways To Know If A House Is a Good One to Flip

by Michael LaCava March 16, 2014
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Flipping a house requires you to do a lot of things just right. And this includes identifying a house that has some hidden value as well as looking for certain core features. The “gurus” all claim that you make all your money the moment you sign the paperwork and officially buy the house. True…but having […]

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Real Estate

5 Bedroom Designs Even I Couldn’t Think Up

by Michael LaCava March 9, 2014
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The great folks I flip houses with understand that I’m a bit of a dreamer. When I walk through a house before renovations begin, I like to envision what the finished product is going to look like. Most of my creative juices get used up in the design of the kitchen and bathroom. I will […]

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Flipping Houses & Rehabbing

How to Save Your House Flips When They Don’t Sell

by Michael LaCava March 2, 2014
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One of the biggest worries of new house flippers is what happens when they can’t sell their flips. It’s a legitimate fear…but one you don’t need to have if you just take a few precautionary steps with your lenders ahead of time. To do this though, it largely depends what KIND of loan you have […]

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Flipping Houses & Rehabbing

5 Smart Exit Strategies For When Things Go Wrong Flipping Houses

by Michael LaCava February 23, 2014
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Sometimes, when flipping houses, things don’t go as you planned. Murphy’s Law does dictate that whatever CAN go wrong WILL go wrong. Not that you want to think about the negatives but you should always live by this credo: Expect the best…but plan for the worst. This is when you need a solid exit strategy […]

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Flipping Houses & Rehabbing

How To NOT Make Less Than Minimum Wage on Your House Flips

by Michael LaCava February 16, 2014
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I had just pulled out my driveway to head to one of our new properties in Freetown, Massachusetts. Today was “tear down day” and  I was pumped! It had been a while since I did a tear down and I was really looking forward to seeing the excavator rip it all to shreds. I felt […]

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Investor Psychology

How to Flip Houses Like Instagram

by Michael LaCava February 9, 2014
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In 2010, a small California company opened its doors for business. With a small staff of four and an extremely limited capital, they surely lacked size and money, they even lacked a phone system. What they did have is a singular vision, which was to outdo Kodak. Even the most optimistic glass half-full person wouldn’t […]

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Real Estate Tips

How to Fund all Your House Flips by NOT Pitching Anything

by Michael LaCava February 2, 2014
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You’ve probbaly heard that you need an elevator pitch to be successful in real esate investing. “Nah, I don t need one of THOSE” you might say… Think again. How you present yourself to other people is extremely important – and how you do it has a lot to do with your mindset and how […]

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Real Estate Investing

14 Killer Questions to Ask Your Contractor

by Michael LaCava January 26, 2014
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Contractors… love ‘em, hate ‘em. But as a house flipper, you do need ‘em… No doubt, finding a good general contractor for your House Flip Power Team to renovate your flips is no easy task when you’re first starting out. You may need to go through a few frogs before you find your…er prince, so […]

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Real Estate

What’s The Number 2 Most Important Factor in House Flipping?

by Michael LaCava January 19, 2014
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Everyone has a Number 2, just like Dr. Evil. In the movie Austin Powers International Man of Mystery, Dr. Evil had his Number 2 – played by Robert Wagner and then by Rob Lowe in The Spy Who Shagged Me. Number 2, as you may recall, was responsible for the meteoric rise of Virtucon, the […]

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Real Estate

The Simple Technique I Used to Beat the Competition and Snag a Deal Which Made Me $34,450

by Michael LaCava January 12, 2014
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One thing I’ve learned is when it comes to actually making the offer on a property, you really want to keep it simple. And what I mean by that is the more contingencies you put in, the more you have your attorney work on it to protect your interests, the more complicated it’s going to get. […]

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