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flipping

Rehabbing

Rehabbers: Know the Warning Signs of Over-Improvement

by Justin Pierce | November 15, 2009
Thumbnail image for Rehabbers: Know the Warning Signs of Over-Improvement

Rehabbing or flipping is almost 100% art. There are very few hard and fast rules. The goal, like in any business, is to maximize profit. Many times I have quoted the old saying that you make your money when you buy a property, and I stand by that statement. Once you’ve [...]

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Real Estate Deals

Persistence is a Virtue. The Story of How I Got My Latest REO Deal.

by Justin Pierce | October 25, 2009

Let me tell you a story about how I made a bundle of money this week. It’s the story of how I captured my latest deal. Now when I tell you the story you may think that I’m counting my chickens before they’ve hatched but you really do make your money when you buy. Never, loose site of that important fact. In this case the money is made and in the bank. Now until the home is sold the money is mine to loose or keep, depending on how I manage the project.

Persistence and Ambition Lead to a Working Relationship

You could say it started about a month ago. A young ambitious Realtor contacted me when he saw my ads stating that I buy houses. He sent me about a half dozen listing and to my surprise the list had potential. I am a licensed and active Realtor but I appreciate a go-getter when I see one. I can only cover so much ground myself and I love to enlist the services of ambitious people. We looked at a few of these properties on his list and we made some offers but nothing came through. The beautiful thing was that this young Realtor came back with another list of properties. That is how I knew he had the stuff. Many Realtors say they want to work with investors but when they actually see the nature of the game they roll out quite quickly. The fact that this guy came back told me he was real deal.

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Real Estate

Five Good Ideas, taken at Random

by Brendan O'Brien | April 11, 2009

I am getting really sick of people complaining about the economy. I’ve been complaining about it way too much myself! So today, let’s think positive and put five good ideas into your real estate toolbox.

When you show a rental apartment, do your best to schedule multiple appointments (for the same place, of course) at the [...]

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Investor Interviews

Meet the Investor: Interview with Real Estate Investor, Rich Weese

by Joshua Dorkin | December 15, 2008

Its been a while since we did one of our Meet the Investor interviews . . . I hope we’ll get to post these more regularly! With that in mind, we’ve got a great interview for you with real estate investor Rich Weese!
Meet Real Estate Investor Rich Weese
How long have you been [...]

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Flipping Houses

My Hard Money Buying Worksheet – Yours Free!

by Rob K. Blake | November 29, 2008

I have the worksheet I use of a ‘quick and dirty’ hard money purchase analysis and I thought I’d share it with you…download here! First if you don’t know much about worksheets, don’t worry; you simply input a few numbers at the top, and the worksheet automatically calculates the fields without your assistance. [...]

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Flipping Houses

Why Chain of Title is important to your investment property purchase

by Troy Schuricht | March 20, 2008

Banks require a preliminary title report on all real estate transactions. The preliminary title report serves many functions, but one that could cause you to loose a great deal on your next investment is the Chain of Title.

Most lenders require a title company to give them a 24 month chain of title. [...]

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Blogs

The Most Dangerous Game: Rehabbing to Flip

by Richard Warren | February 18, 2008

In previous weeks we discussed rehabbing a home for personal use (Getting Started In Rehab) and rehabbing for use as a rental (Rehabbing a Rental Property). This week we will look at rehabbing with the intention of flipping. This is, by far, the riskiest of the three. However, it can also be the most lucrative [...]

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Flipping Houses

Getting Started In Rehab Real Estate

by Richard Warren | February 5, 2008

You want to rehab houses, but where do you start? We see the fix-and-flip “reality” shows that, somehow, manage to have no basis in reality. How hard can it be to buy a house, rehab it, sell it, and retire to a life of luxury on the French Riviera? On TV, it all happens in [...]

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Commentary

Flip Flop

by Michael Creel | December 6, 2007

In the last few years it seems society has gone house-flipping mad. Every time I turn on the TV there is yet another show illustrating the ease in which anyone with a heartbeat can make a fortune buying a beat-up house and turning it into a beautiful modern-day wonder.
Often at the end of these shows [...]

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Cool Stuff

Episode 3 of Flipper Nation: The Flippin’ Fight

by Joshua Dorkin | January 9, 2007

Those crazy guys at Flipper Nation premiered the latest episode of their web comedy.
Check out:
Flipper Nation: Episode 3: The Flippin’ Fight

If you liked this episode, check out Episode 2!

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