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Starting Out

How To Estimate Repairs When You Don’t Know Squat About Construction

by Danny Johnson March 20, 2013

When I started flipping houses, I didn’t really know squat about construction, the cost of repairs, cost of materials, what materials to use, the time it should take, who should do the work, etc… I really was clueless when it came to this aspect of flipping houses, which can be a pretty big problem when [...]

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Starting Out

Are Motivated Sellers Stupid?

by Danny Johnson March 13, 2013

Are Motivated Sellers Stupid? Seriously. Why would anybody sell their house for less than it is worth? Do they just not know that they could get more for it than what we as investors are paying for them? Do they not know that we are flipping houses for more than we buy them for? Are [...]

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Starting Out

Become a Million Dollar Question Asker

by Marty Boardman March 10, 2013

She sat across the desk from a master. This real estate broker was about to be grilled by one of the best question askers I have ever met. Mark sized her up quickly. With a twinkle in his eye he fired the first shot. “How’s business?” he asked. She told us that business was great. [...]

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Starting Out

How To Find Your First Flip Deal Much Faster

by Danny Johnson March 6, 2013

I still remember driving down the street slowly, looking from side to side for the run-down, vacant houses. This neighborhood was going through a revitalization and values were going up quickly. Near the end of the street, there it was. This one was obviously vacant and had severe fire damage. You could see where smoke [...]

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Starting Out

How I Hustled at the Beginning – Going From a $1k – $30k War Chest in 1 Month

by Glenn Espinosa February 8, 2013

In my first blog post for BiggerPockets I talked about people breaking into real estate and how they oftentimes skip the most important part of their investing career: getting their financial house in order. I’ll expand on that a little by telling my own story. It’s by no means pretty and I made numerous mistakes [...]

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Starting Out

Are You Losing “Hope” in Real Estate?

by Glenn Espinosa January 25, 2013

When starting your real estate investing career, getting into the right mindset is a vital first step. A lot of new investors fail to do this and I’ve seen it hinder progress on more than a handful of situations. It’s a matter of transitioning from “hoping” to actively “doing”. There is no room for hope [...]

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Starting Out

The First Two Steps The Gurus Don’t Tell You

by Glenn Espinosa January 18, 2013

So far this month, three people have contacted me about their burning desire to get into fixing and flipping houses. “I see what you’re doing and I want in on some of that action!” Or so they say. “How can I get started, what steps do I need to take?” Ah, but “will you follow the steps [...]

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Starting Out

Another Mentor Gone — What He Taught Me

by Jeff Brown January 8, 2013

Whatever you do for a living, if you’ve done it long enough, and have diligently pursued excellence, you no doubt know an expert in your industry when you see one. Heck, we’ve all seen folks who’ve spent thousands upon thousands of hours at a hobby for which they harbor a white hot passion. They’ve become [...]

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Starting Out

How To Get Experienced Investors To Give You The Time of Day

by Danny Johnson January 8, 2013

I’m sure we’ve all been there and if you’re just beginning, this will probably be a hurdle you will want to overcome. You want to build relationships with more experienced investors in your area. You would like to have a mentor, or at least someone to help you through the tough beginning. Maybe you’ve imagined [...]

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Starting Out

Speaking with Sellers: A Script for Success

by Tracy Royce January 3, 2013

As a new or budding investor, breaking into the world of real estate investing can be a daunting process. But you’ve taken the first few steps, gotten cards, started networking, and perhaps have even done some advertising. And then it happens…..the phone rings. You’re jubilant and nervous as the voice on the other side of [...]

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Starting Out

Introductions: How to tell people what you do in Real Estate

by Tracy Royce December 27, 2012

As newcomers flock to the real estate investing world once again, I see the question proposed more…”How do I introduce myself when people ask what I do?” Whether you’re brand new to this business, or a seasoned vet, you should always be making it known what it is that you do. There’s no better way [...]

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Starting Out

47 Reasons Sane People Sell A House Dirt Cheap

by Danny Johnson December 26, 2012

Are you apprehensive about marketing to motivated sellers? Do you wonder whether people actually exist that are willing to sell their houses for dirt cheap without being forced? Join the club. I think most of us have these doubts when we got started. It’s only natural because we’ve likely never been in a situation that [...]

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Starting Out

Getting Started Investing in Real Estate: Slow and Steady Wins the Race

by Sharon Vornholt November 19, 2012

I started investing in real estate back in 1998, and I still get excited about this business. Having this much enthusiasm is good, but it can also be bad at times. Enthusiasm is a powerful force that fuels you when you are bone tired from working your 9 to 5 job, but you still need [...]

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Starting Out

Finding the Successful Real Estate Investor Next Door to Learn From

by Marty Boardman November 16, 2012

Normally when I sit down in front of my laptop to create this post for BiggerPockets.com I know exactly what I want to write about. My brain and fingers collaborate at 75 words a minute and I’m finished in less than an hour. But every once in a while I lose my mojo. I stare [...]

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Starting Out

Investing with Your Partner: The Key to Your Long-Term Real Estate Success

by Arthur Garcia November 14, 2012

It was 8:00 on a Sunday night and our clothes were covered in paint, drywall dust and sweat! We spent the better part of our weekend rehabbing our latest rental. Typically, we try to outsource the “make-ready” work to our local handyman, but on this job we decided to do the work ourselves to save on [...]

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