/Flipping
5 12, 2018

How Much Effort Should You Put Into A Bathroom When House Flipping?

By |2018-12-05T14:03:46+00:00December 5th, 2018|Categories: Flipping, Hard Money, Home Improvements, Home Upgrades, Investment Properties|Tags: , |0 Comments

House flipping is all about fixing and reselling a house fast. So, the idea of a complete bathroom remodel is daunting. Should you do it? You may assume that a full bathroom remodel will sell the house faster, but realtors report that it's not usually the case. Assuming the bathroom is functional, what efforts really result in a return on the investment when it comes to bathrooms? Remember, when flipping houses, time is also an important factor! The truth is that relatively inexpensive changes to bathrooms are usually enough to help sell that property and bring a return on your

26 11, 2018

Do You Have The Skills To Create Enough Sweat Equity From Flipping Houses?

By |2018-11-24T09:34:16+00:00November 26th, 2018|Categories: Flipping, Hard Money, Home Improvements, Investment Properties, Investments, Tax Foreclosures|Tags: , , |0 Comments

Are you thinking about flipping houses professionally without existing wealth? The real cash in flipping houses comes from sweat equity. That's while you'll see professional builders, carpenters, and other handy skilled tradesmen in the house flipping business doing well for themselves. These people know enough about home repairs and renovations to create the sweat equity to make flipping houses profitable. Often you will find skilled tradesmen who flip houses during the winter when they are out of work for the season. This helps contribute to an annual income, because the unemployment checks certainly won't cover all their family expenses. Oftentimes,

25 11, 2018

Number One House Flipping Mistake New Investors Make

By |2018-11-24T09:16:50+00:00November 25th, 2018|Categories: Flipping, Hard Money, Home Improvements, Investing, Investment, Investment Properties|Tags: |0 Comments

Flipping houses is an expensive proposition. It's usually reserved for the wealthy or the bod, because there are risks involved. The number one most common mistake investors make while trying to flip a house is running out of money. Keep in mind, even though interest on borrowed money is tax deductible, typical interests rates are rising, so making a profit can be harder than it used to be with traditional funding sources. Though your profits will vary, the average gross profit from house flipping is $65,520 per house. Remember though, that's gross profit, not net profit. Too many times, house flippers

24 11, 2018

What Is Wholesale Real Estate Investing?

By |2018-11-24T09:01:23+00:00November 24th, 2018|Categories: Flipping, Hard Money, Investing, Investment, Investment Properties|Tags: , |0 Comments

You might have heard the term "wholesale real estate investing," but what is it? Wholesale real estate investing is a type of real estate investment strategy. In this strategy, an investor purchases a property with the intention of selling it for a profit. The investor never plans to use or rent out the property. You may have heard of this form of real estate investment by its more common name: House flipping. House flippers either make money from quick appreciation from a very hot real estate market with rising prices or from fixing up the property (making capital investments) so

19 11, 2018

Atlanta Named One Of The Hottest Housing Markets

By |2018-11-19T11:18:16+00:00November 19th, 2018|Categories: Equity Lending, Flipping, Hard Money, Hard Money Loans, Investing, Investment, Investment Properties, Investments, New Construction, New Home Development|Tags: |0 Comments

Redfin looked at metro areas with at least 500,000 people to determine the hottest real estate markets in the country.  This week, it names Atlanta one of the hottest markets in the country. More than 28 percent of Atlanta's homes for sale stayed on the market less than two weeks and 21 percent of Atlanta homes sold for more than the asking price. Atlanta is currently a top migration destination, similar to Charlotte, another area where we serve investors.In the third quarter, Atlanta ranked number two in the country as a top migration destination. Meanwhile in Atlanta, investors are banking

31 10, 2018

The Scoop on Ribbon For Tech-Assisted Home Sales

By |2018-10-30T13:15:40+00:00October 31st, 2018|Categories: Flipping, Investment Properties, Realtors|Tags: |0 Comments

If you are a home flipper, you may have heard of Ribbon. Ribbon is a new real estate tech startup. It's only a year old, but it was founded by former executives of Twitter and Lending Tree. Ribbon saw a market, in which tech-assisted sellers ended up having to pass up multiple potential home buyers who would have to take out a mortgage to buy the seller's home. This means that a majority of home buyers are absent from the buying pool with these tech-assisted sales. Ribbon offers a risk algorithm that figures out if a buyer is actually likely

2 10, 2018

Issues To Look Out For With Distressed Properties

By |2018-10-02T12:51:43+00:00October 2nd, 2018|Categories: Flipping, Foreclosures, Home Improvements, Investment Properties|Tags: |0 Comments

Distressed properties are often purchased in "as is" condition. The seller doesn't offer any kind of warrant. Of course, you know that you should beware of properties like these. Still, distressed properties for sale often have a huge potential for making a profit. So, if you decide to purchase a distressed property, just be aware of some hidden problems. Keep a close eye out for termites and carpenter ants. Even if they're long gone, they may have left behind enough damage to be a serious issue. Look for rotten wood, obviously. But also check for thin tubes of mud and

15 09, 2018

Well Water Maintenance You Can Probably Do Yourself

By |2018-09-15T12:37:18+00:00September 15th, 2018|Categories: Flipping, Home Improvements, Home Upgrades|Tags: |0 Comments

If you manage properties with water supplied by wells, there may be some well maintenance that you can do on your own. If you do regular maintenance, you may save yourself unnecessary repairs if you notice an element isn't working as well as it should. If you wait until it's broken, it may be significantly more costly. So, here's one of the main things you can do to save yourself time and money. Maintenance on the Pressure Switch You can find the pressure switch near the bottom of your pressure tank. This needs periodic maintenance, and without it, it's the

14 09, 2018

What Qualifies As Proof Of Funds?

By |2018-09-14T10:18:38+00:00September 14th, 2018|Categories: Flipping, Hard Money, Income, Investing, REIs|Tags: , |0 Comments

Earlier, we discussed what a Proof of Funds letter was and why people need them. So, what qualifies as Proof of Funds and where do you get them? Anywhere your liquid assets are held can provide you with a proof of funds letter. Of course, this means that your bank can provide you with a proof of funds letter to show that you have money in your account. Plus, certain credit lines or money market accounts might qualify too when the funds can be readily accessed. These institutions can also provide you with a proof of funds letter. Unfortunately if

7 09, 2018

Should You Ever Pay More Than The 70 Percent Rule Suggests?

By |2018-09-06T14:08:53+00:00September 7th, 2018|Categories: Flipping, Hard Money, Investing, Investment, Investment Properties, Real Estate|Tags: , , |0 Comments

Yesterday, we discussed the 70 percent rule as it applies to flipping houses. Check out that previous blog post if you aren't sure what the 70 percent rule is. Today's question is whether you should ever pay more than the 70 percent rule suggests. For example, some beginner investors think that it's OK to exceed the amount specified by the 70 percent rule in an appreciating market. After all, in a few months or by the time you finish your rehab, the After Repair Value should go up, right? Typically, but that's a big risk to take if it doesn't!