25 05, 2019

Home Flippers Need To Know About Zillow Offers

By |2019-05-25T14:08:35-04:00May 25th, 2019|Categories: Flipping, Florida, Georgia, Hard Money, Income, Investing, Investment, Investment Properties, Investments, Potential Markets, Real Estate, Selling|Tags: , , , |0 Comments

The online real estate marketplace Zillow has just launched a new feature called “Zillow Offers,” formerly known as Zillow Instant Offers, aimed at helping seemingly impatient sellers quickly offload their homes. Zillow Offers is a faster way to sell a property and it comes with a free comparative market analysis (CMA) from a local real estate agent. Here's how it works: You answer some simple questions about your property. You let Zillow offers know if major changes have been made that aren't in the public record. Zillow sends you an offer within two business days. You have three days to

11 03, 2019

Can You Guess What The Freest State In The Nation Is According To Recent Survey?

By |2019-03-11T19:03:50-04:00March 11th, 2019|Categories: Hard Money, Investing, Investment, Investment Properties, Investments, Leases, Leasing Your Property, Real Estate, Taxes|Tags: , , , , , |0 Comments

Real estate investors take note, A Cato Institute survey just ranked states in the order of how free they are. Specifically, the study examined how each state's policies promote freedom in the personal, fiscal and regulatory spheres. The designation of "freest state in the nation" goes to Florida. Florida actually earned seven top ten rankings, four number one rankings and the overall number one ranking. So what's so free about Florida? Florida's less restrictive policies have promoted economic growth. These policies have hundreds of people flocking to the state every single day looking for more opportunity. Taxes in Florida are

15 02, 2019

Do You Know The Signs Of A Bad Foundation

By |2019-02-14T23:15:36-04:00February 15th, 2019|Categories: Construction Loans, Due Diligence, Flipping, Hard Money, Home Improvements, Investment Properties, Investments, Real Estate, Rehab Loans, Remodeling Tips, Short Sales, Tax Foreclosures|Tags: , , , , |0 Comments

As a real estate investor, you can save yourself money and time if you know how to spot signs of foundation damage when you first look at a potential investment property. Some minor problems can be fixed, of course. If you only spot minor problems, it's possible that hiring a professional evaluator to check the property may be worth it. Not all foundation issues mean you should walk away from an investment property. But you can save yourself the cost of an evaluation if you can spot the major foundation issues yourself. Keep in mind, you're not just looking at

7 09, 2018

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

By |2018-09-06T14:08:53-04:00September 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!

13 08, 2018

With An Out-Of-State LLC, You’ll Need A Registered Agent

By |2018-08-13T18:28:29-04:00August 13th, 2018|Categories: Business, Investing, Investment, Investment Properties, Investments, Lawyers, Real Estate, Taxes|0 Comments

If you live in a state that is a bit unfriendly to small businesses, you might have considered just forming your LLC in a state that isn't. Investors do this frequently. Here's the thing though: If you intend to form your LLC in a state that is more friendly to small businesses like small real estate investment companies, you will need a registered agent. That's your legal obligation. What does that mean? Well, if your LLC is registered in another state, you have to have someone in that state to handle all of your LLC's legal and tax documents, and

12 07, 2018

How A Cost Segregation Study Helps Real Estate Investors

By |2018-07-12T23:02:24-04:00July 12th, 2018|Categories: Hard Money, Income, Investing, Investment, New Home Development, Real Estate, Taxes|Tags: , , |0 Comments

A cost segregation study can identify and reclassify your property, with the benefit of shortening the property's depreciation time. What happens when the property's depreciation time is reduced, as you probably know, is that your current income tax obligations also reduce. Using this tool, the IRS allows to to speed up the depreciation on certain things such as carpet or cabinets, and even light fixtures and flooring in a building. That way, you can enjoy tax savings sooner! So why doesn't everyone do a cost segregation? Well, the cost of it is not cheap. So, only investors with significant property

30 08, 2017

5 Questions to Ask Sellers if You’re Not Working With a Realtor(R)

By |2017-08-30T13:00:17-04:00August 30th, 2017|Categories: Investment, Real Estate, Realtors|0 Comments

Most real estate investors choose to work with a Realtor® who handles the negotiation process for them. However, if you’re one of the REIs who likes to call sellers and establish a relationship without using a real estate agent, here are five questions you need to ask property owners to begin negotiations. 5 Questions to Ask Sellers How long have you lived in the home? This is generally just a good icebreaker. How do you like this neighborhood? This is a great way to get a better feel for the community, and it’s another way to encourage the seller to give

6 05, 2017

How to Budget for Your Next Investment Property

By |2017-05-06T10:00:34-04:00May 6th, 2017|Categories: Hard Money, Investment, Real Estate|0 Comments

  As a professional real estate investor, you know how easy it is for your ambitions to exceed your budget. Here is a step-by-step strategy to ensure that your next project remains in the red. Know Your Limits Before you begin any real estate venture, you have to know how much money you have available to work with. You would be amazed at the number of people who begin searching for loans without figuring out how much they are worth in the first place. Contact a professional financial advisor if you aren’t sure of your overall worth; you’ll need an

14 11, 2016

How to Deal With Late Rent During the Holidays

By |2016-11-14T10:00:16-04:00November 14th, 2016|Categories: Commercial, Investing, Investment, Investment Properties, Investments, Real Estate, Tenants|Tags: , , , , , , , , |0 Comments

While everyone is scrambling to get their festivities organized and shopping done, unfortunately, it's too common for rent payments to be put on the back burner. Landlords are faced with this problem each year, and if it's happened to you, you know that it's a tough decision (you know, whether  or not to be a Scrooge). Keeping a Professional Distance From Your Tenants If you're a landlord, you know that maintaining a professional relationship and not becoming involved in your tenant’s financial woes is a necessity. No one enjoys evicting a tenant—especially during the holiday season—but you should remember that this is

12 11, 2016

Determining Fair Market Value

By |2016-11-12T10:00:04-04:00November 12th, 2016|Categories: Business, Hard Money, Hard Money Loans, Investing, Investment, Investment Properties, Investments, Real Estate, Realtors, REIs|Tags: , , , , , , |0 Comments

If you’re considering buying a home to fix and flip, the time to calculate fair market value is before you make the purchase. Even if you think it will be the deal of the century, the price you pay for the home now doesn’t necessarily have anything to do with its fair market value. The real estate market is constantly moving, and what’s high today could be low tomorrow. It usually doesn’t happen that quickly, but you’ll need to be aware that even a month or two can make a huge difference. Calculating Fair Market Value Calculating fair market value is