7 06, 2016

Cost vs. Price: What New Real Estate Investors Need to Know

2016-06-07T10:00:17-04:00June 7th, 2016|Categories: Business, Hard Money, Investment, Real Estate, REIs|

Price and cost are two very different things in real estate, and any REI who’s been around for more than a few transactions can tell you that—but if you’re just starting out, here’s what you need to know about price vs. cost. Price in a Real Estate Transaction If the price and a real estate transaction is the flat-rate amount you pay. If you buy a property for $75,000, for example, that’s the price. The cost, however, is very different. Cost in a Real Estate Transaction The true cost of a real estate transaction includes the price and several other

2 06, 2016

Should You Try to Flip a “Quirky” House?

2016-06-02T10:00:12-04:00June 2nd, 2016|Categories: Investment, REIs|

As a real estate investor, it can be tempting to try to flip the “quirky” house—but it’s also quite a bit riskier than flipping a traditional, average, everyday house is. Benjamin Franklin said, “An investment in knowledge pays the best interest.” Ben Graham said, “The individual investor should act consistently as an investor in and not as a speculator.” Put what these two great minds said together and you can pull a real pearl of wisdom out: It pays to know your market (and what will sell quickly on your market) rather than to take a gamble on a quirky

31 05, 2016

Creative Ways to Find Down Payment Funding

2016-05-31T10:00:51-04:00May 31st, 2016|Categories: Down Payment, Hard Money, Loan, REIs|

  As a real estate investor, you’re all too aware of the challenges you may face when you’re trying to find a down payment on house you really want to buy. Unfortunately, many people aren’t able to purchase the properties they want because they can’t fund the down payment—but as a real estate investor, you may be a little more resourceful than the average Joe. So how can you fund a down payment if you’re having a tough time? Creatively Funding a Down Payment Because a hard money loan typically requires you to contribute toward the property’s purchase, if you

24 05, 2016

Should You Depend on Your Intuition in a Real Estate Deal?

2016-05-24T10:00:38-04:00May 24th, 2016|Categories: Investment, Real Estate, REIs|

Intuition can be tremendously helpful. It can help you make snap decisions during emergencies; it’s the ability to understand something immediately, without the need of conscious reasoning—but in real estate, intuition can be dangerous. What is Intuition? According to Psychology Today, intuition and instinct are basically the same thing. They are our “innate inclination toward a particular behavior (as opposed to a learned a response).” It’s a process that “gives us the ability to know something directly without analytic reasoning, bridging the gap between the conscious and unconscious parts of our mind, and also between instinct and reason.” We need

17 05, 2016

Is Real Estate Investing “Easy Money”?

2016-05-17T10:00:22-04:00May 17th, 2016|Categories: Investment, REIs|

Many people believe the real estate investing is easy money. However, anyone who’s done more than one are two transactions can tell you otherwise. Real estate investing isn’t really easy money. It takes a lot of hard work, common sense, and the right connections with the right people, and even then, it’s not going to make you a millionaire overnight. What Many People Think About Real Estate Investing Thanks to popular TV shows in which it takes three or four days to transform and unlivable house into a charming, perfectly decorated home, many people think the real estate investors sit

12 05, 2016

From Salaried Employee to REI: What You Need to Know

2016-05-12T10:00:58-04:00May 12th, 2016|Categories: Hard Money, Investment, Loan, Real Estate, REIs|

When you leave a company—one that gives you health insurance, paid vacation time and other benefits—to become a real estate investor, it’s a little scary. Okay, so it’s extremely scary. What if you don’t make it? What if things go horribly wrong? Everyone thinks about these things. We’re hard-wired to envision the worst-case scenario, so it makes sense that many people change their minds and avoid taking the leap. But what if you’re one of the few who can see past the potential bad outcomes? Here’s what you need to know about the major life change involved in leaving your

11 05, 2016

3 Great Habits of Successful REIs

2016-05-11T10:00:45-04:00May 11th, 2016|Categories: Investment, REIs|

Successful real estate investors know that there’s always more to learn and that there are specific windows of opportunity available—but there’s more to it than that. Successful real estate investors have habits that help them succeed. So what are they? 3 Great Habits of Successful REIs Successful REIs have a number of great habits, but every person is different. If you’re on your way to becoming a successful real estate investor, you’ll develop your own routines and habits. However, research has shown that there are three things nearly all successful professionals do. Successful REI Habit #1: Get Up Early Successful

29 03, 2016

Common Mistakes Real Estate Investors Make

2016-03-29T10:00:49-04:00March 29th, 2016|Categories: Hard Money, Investment, Rehab Loans, REIs, Remodeling Tips|

Whether you’re a brand-new real estate investor or you’re a seasoned pro, you might make some of the most common mistakes REIs make across the country. So what are they? The Most Common Mistakes REIs Make Overestimating the Value of a House Many investors—again, this sometimes applies to those who are new to the game and those who have been in a while—make the mistake of thinking a property is worth more than it actually is worth. Typically, the easiest solution is to get a pair of appraisers to visit the home separately. Appraisers don’t know how much the lender

16 03, 2016

Most Popular Closet Remodel Designs

2016-03-16T15:45:07-04:00March 16th, 2016|Categories: REIs, Remodeling Tips|

When you're revamping a house so you can flip it quickly, experts say that one of the smallest areas of the house might lead to the biggest payoff: the closets. Closet space is one of the most important factors that homebuyers consider when viewing a home for the first time. That means a little extra effort on your part can make a huge difference in how quickly it sells and how much you're able to bring in as a profit. So what should you consider? Walk-In Closets Tried and true, walk-in closets have delighted homeowners time and time again throughout the

26 02, 2016

Should You Hire a Real Estate Investing Acquisitions Analyst?

2016-02-26T10:00:30-05:00February 26th, 2016|Categories: Business, Investment, Real Estate, REIs|

Although plenty of real estate investors experience immense success all on their own, trying to micromanage everything by yourself can be an overwhelming task. Finding the right property to flip, for example, is often a long and arduous process alone, and when you are trying to manage your current properties on top of it, it is even harder. A real estate investing acquisitions analyst can locate new properties for you so that you can focus your time and efforts on the ones you already have, but are they ultimately worthwhile? Valuable Knowledge From a REI Acquisitions Analyst The right acquisitions

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