Monthly Archives: January 2016

Make Room For A Backup Plan

Make Room For A Backup PlanWhen it comes to property investing, making sure the real estate comps are reliable helps to make solid offers.  However, while good investing is very much taking care of business, one must always have a “rainy day”- aka contingency budget – in place. The last thing you want to see is a $0 balance – or even worse, a negative one (if you have an overdraft) – in your bank account.

Any business entrepreneur will tell you, you need to know that there are days that you might experience a loss. The higher the return, the higher the risk. Even though you have accounted for these calculated risks, there are bound to be certain events that you don’t expect to occur or circumstances you didn’t know existed in the first place. It’s the nature of the beast.

So, budgeting is not only paramount, it is the solution. If you have not already done this, please do. The best way to do this is to set aside three (3) month expenses for a contingency account.

Finally guys,  I honestly can’t say it enough….sticking to your budget will help you keep your sanity and bottom line profit within reach.  I wish you the best in your deals and renovations!

Types Of Wholesale Deals

Types of Wholesale DealsKnowing the difference between types of real estate investments is key in making a substantial profit.  Real estate comps give you a foundation to make these deals happen.  Let’s discuss the two main styles:

The fix and flip – Where you buy real estate, rehab it, and sell it to a retail buyer. This is the kind that is on the TV shows.

The wholesale flip – Where you buy real estate (or get it under contract), find a wholesale buyer, and flip the contract. This kind has a ton of money in it…with a heck of a lot less risk.

To me, the fix and flip method is not for most newbie’s…even though that is the kind of real estate investing you see on TV all of the time.

It all boils down to the basics:

  • You need a good understanding of rehab costs
  • You need to have good funding… either from a private lender or a bank (private lender is preferable)
  • You need to be able to float the carrying costs if you can’t sell the property quickly
  • If you don’t calculate your costs just right… there may not be a whole lot of room for error… and room for error means greater risk for you!

Basically, you as a wholesale real estate flipper or investor (or wholesaler for short), find properties that need work that you can purchase at a large discount and flip them for a fee to a rehabber who will do the work.

Your job is to find the properties, analyze the numbers to determine the repairs needed, create an offer that enables both you and the rehabber that you will sell to make a profit, and sell the contract to a rehabber who will actually make the repairs.

Making Profit A Choice

Making Profit A ChoiceEvery property investor knows that real estate comps will help them determine what renovations can improve their home’s value and marketability. The amount of value certain improvements cost may not add as much value as the cost to do it.

Remember, a potential buyer or real estate appraiser may be unimpressed with certain improvements. What you must keep in mind is that what you view as a valuable upgrade may not be the same as what the real estate market sees as a valuable upgrade.  I want to share a few things that one would want to avoid adding to a property unnecessarily.

First on my list would be swimming pools. There aren’t many areas of the world where backyard pools are common place. Before adding a pool think about your neighborhood. Do the majority of properties have pools? Would a potential buyer expect there to be a pool? If pools are not common place in your area and/or have a very short season, you likely will not be adding much value to your home, and definitely not as much as the cost to put one in. In fact, Many potential home buyers view swimming pools as dangerous, expensive to maintain, and an insurance-claim waiting to happen. This money is better spent elsewhere as you are not likely to recoup the cost in a sale or appraisal.

Staying basic with landscaping will also save you in the long run. Some buyers and appraisers definitely appreciate good landscaping, but there is a line where elaborate landscaping no longer adds in value to what it costs. Keep in mind that potential buyers may not want to take on the upkeep work of elaborate landscaping and may not want to have to hire a professional landscaper to take care of it.

Trying to steer clear of high end upgrades will also be a wise choice. The cost of a full bathroom remodel could redo the flooring and paint throughout the entire home and this would be looked upon much more favorably by a potential buyer or appraiser in their assessment of value than you just having one high quality room.

Ok guys, hopefully these tips will keep you out of the red when choosing your renovation projects.  Remember working with good real estate comps to get a good deal on HUD properties on the front end, making solid rehab choices during, will result in a great profit in the end.

What Comes With A Property Valuation Report?

What Comes With A Property Valuation ReportA property valuation report is a report that shows the price rate of a particular property. Price rate of a property can also be called the market price of the property. Every property valuation company offers different services when delivering a report. It can be found that certain companies offer you more information rather than the valuation report alone. This will provide you with a lot of other details that one must follow during the buying or selling process.

 

 

What you receive with a Property Valuation Report:

• A list of registered proprietors or owners

• A description of property as per the laws which includes the structure of the land

• Zoning or Resource management

• Valuation includes the market rate of the property

Region:  Basic details and completed description of the property

This is a section in the valuation report where you will find the details of the property that provides a detail of the residential market value and the commercial market value. Other factors that do not affect the final price are ignored altogether.

A detailed description of the improvements:  A description about the improvements in the property valuation report is something that is considered as a very important part in the report. When there is a chance of improvement in the property, there is a large chance for the increase in its value. This is the reason why such details are described in the valuation report in a detailed manner.

It is very important to check the rates of the properties that are similar, and those that are found in the neighborhood.  Remember guys, you make your profit when you buy so do your research and make your mark!

Why I Love The Wholesale Flip

Why I Love The Wholesale Flip
There are ways to get started with real estate comps and real estate investing that allow you to get in with little to no risk or money, and will allow you to learn the business before you ever take a huge money commitment to do so.

Would you like my opinion of the best way to get started in real estate investing to minimize your risk and shorten your learning curve… all the while making nice money in the process?  My answer:  The wholesale flip – or in other words… wholesaling real estate, flipping houses for quick cash, flipping contracts, etc.

When you wholesale real estate you do everything a flipper would normally do… except you don’t actually repair the property and sell it to a retail buyer. But, you don’t have the risk or time commitment that a fix and flipper has.

Basically, you as a wholesale real estate flipper (or wholesaler for short), find properties that need work that you can purchase at a large discount and flip them for a fee to a rehabber who will do the work.

Your job is to find the properties, analyze the numbers to determine the repairs needed, create an offer that enables both you and the rehabber to make a profit, and sell the contract to a rehabber who will actually make the repairs.

Another reason for starting out doing wholesale real estate deals is that you learn the ropes of what it takes to be a rehabber. After analyzing several deals and talking to rehabbers to find out what they look for… you will have a good grasp on what a good deal is, how to accurately estimate repair costs, who the rehabbers use as contractors, etc.

So, you actually make money while you are getting an on-the-job education in real estate flipping and rehabbing!

Monthly Archives: January 2016

Make Room For A Backup Plan

Make Room For A Backup PlanWhen it comes to property investing, making sure the real estate comps are reliable helps to make solid offers.  However, while good investing is very much taking care of business, one must always have a “rainy day”- aka contingency budget – in place. The last thing you want to see is a $0 balance – or even worse, a negative one (if you have an overdraft) – in your bank account.

Any business entrepreneur will tell you, you need to know that there are days that you might experience a loss. The higher the return, the higher the risk. Even though you have accounted for these calculated risks, there are bound to be certain events that you don’t expect to occur or circumstances you didn’t know existed in the first place. It’s the nature of the beast.

So, budgeting is not only paramount, it is the solution. If you have not already done this, please do. The best way to do this is to set aside three (3) month expenses for a contingency account.

Finally guys,  I honestly can’t say it enough….sticking to your budget will help you keep your sanity and bottom line profit within reach.  I wish you the best in your deals and renovations!

Types Of Wholesale Deals

Types of Wholesale DealsKnowing the difference between types of real estate investments is key in making a substantial profit.  Real estate comps give you a foundation to make these deals happen.  Let’s discuss the two main styles:

The fix and flip – Where you buy real estate, rehab it, and sell it to a retail buyer. This is the kind that is on the TV shows.

The wholesale flip – Where you buy real estate (or get it under contract), find a wholesale buyer, and flip the contract. This kind has a ton of money in it…with a heck of a lot less risk.

To me, the fix and flip method is not for most newbie’s…even though that is the kind of real estate investing you see on TV all of the time.

It all boils down to the basics:

  • You need a good understanding of rehab costs
  • You need to have good funding… either from a private lender or a bank (private lender is preferable)
  • You need to be able to float the carrying costs if you can’t sell the property quickly
  • If you don’t calculate your costs just right… there may not be a whole lot of room for error… and room for error means greater risk for you!

Basically, you as a wholesale real estate flipper or investor (or wholesaler for short), find properties that need work that you can purchase at a large discount and flip them for a fee to a rehabber who will do the work.

Your job is to find the properties, analyze the numbers to determine the repairs needed, create an offer that enables both you and the rehabber that you will sell to make a profit, and sell the contract to a rehabber who will actually make the repairs.

Making Profit A Choice

Making Profit A ChoiceEvery property investor knows that real estate comps will help them determine what renovations can improve their home’s value and marketability. The amount of value certain improvements cost may not add as much value as the cost to do it.

Remember, a potential buyer or real estate appraiser may be unimpressed with certain improvements. What you must keep in mind is that what you view as a valuable upgrade may not be the same as what the real estate market sees as a valuable upgrade.  I want to share a few things that one would want to avoid adding to a property unnecessarily.

First on my list would be swimming pools. There aren’t many areas of the world where backyard pools are common place. Before adding a pool think about your neighborhood. Do the majority of properties have pools? Would a potential buyer expect there to be a pool? If pools are not common place in your area and/or have a very short season, you likely will not be adding much value to your home, and definitely not as much as the cost to put one in. In fact, Many potential home buyers view swimming pools as dangerous, expensive to maintain, and an insurance-claim waiting to happen. This money is better spent elsewhere as you are not likely to recoup the cost in a sale or appraisal.

Staying basic with landscaping will also save you in the long run. Some buyers and appraisers definitely appreciate good landscaping, but there is a line where elaborate landscaping no longer adds in value to what it costs. Keep in mind that potential buyers may not want to take on the upkeep work of elaborate landscaping and may not want to have to hire a professional landscaper to take care of it.

Trying to steer clear of high end upgrades will also be a wise choice. The cost of a full bathroom remodel could redo the flooring and paint throughout the entire home and this would be looked upon much more favorably by a potential buyer or appraiser in their assessment of value than you just having one high quality room.

Ok guys, hopefully these tips will keep you out of the red when choosing your renovation projects.  Remember working with good real estate comps to get a good deal on HUD properties on the front end, making solid rehab choices during, will result in a great profit in the end.

What Comes With A Property Valuation Report?

What Comes With A Property Valuation ReportA property valuation report is a report that shows the price rate of a particular property. Price rate of a property can also be called the market price of the property. Every property valuation company offers different services when delivering a report. It can be found that certain companies offer you more information rather than the valuation report alone. This will provide you with a lot of other details that one must follow during the buying or selling process.

 

 

What you receive with a Property Valuation Report:

• A list of registered proprietors or owners

• A description of property as per the laws which includes the structure of the land

• Zoning or Resource management

• Valuation includes the market rate of the property

Region:  Basic details and completed description of the property

This is a section in the valuation report where you will find the details of the property that provides a detail of the residential market value and the commercial market value. Other factors that do not affect the final price are ignored altogether.

A detailed description of the improvements:  A description about the improvements in the property valuation report is something that is considered as a very important part in the report. When there is a chance of improvement in the property, there is a large chance for the increase in its value. This is the reason why such details are described in the valuation report in a detailed manner.

It is very important to check the rates of the properties that are similar, and those that are found in the neighborhood.  Remember guys, you make your profit when you buy so do your research and make your mark!

Why I Love The Wholesale Flip

Why I Love The Wholesale Flip
There are ways to get started with real estate comps and real estate investing that allow you to get in with little to no risk or money, and will allow you to learn the business before you ever take a huge money commitment to do so.

Would you like my opinion of the best way to get started in real estate investing to minimize your risk and shorten your learning curve… all the while making nice money in the process?  My answer:  The wholesale flip – or in other words… wholesaling real estate, flipping houses for quick cash, flipping contracts, etc.

When you wholesale real estate you do everything a flipper would normally do… except you don’t actually repair the property and sell it to a retail buyer. But, you don’t have the risk or time commitment that a fix and flipper has.

Basically, you as a wholesale real estate flipper (or wholesaler for short), find properties that need work that you can purchase at a large discount and flip them for a fee to a rehabber who will do the work.

Your job is to find the properties, analyze the numbers to determine the repairs needed, create an offer that enables both you and the rehabber to make a profit, and sell the contract to a rehabber who will actually make the repairs.

Another reason for starting out doing wholesale real estate deals is that you learn the ropes of what it takes to be a rehabber. After analyzing several deals and talking to rehabbers to find out what they look for… you will have a good grasp on what a good deal is, how to accurately estimate repair costs, who the rehabbers use as contractors, etc.

So, you actually make money while you are getting an on-the-job education in real estate flipping and rehabbing!

Monthly Archives: January 2016

Make Room For A Backup Plan

Make Room For A Backup PlanWhen it comes to property investing, making sure the real estate comps are reliable helps to make solid offers.  However, while good investing is very much taking care of business, one must always have a “rainy day”- aka contingency budget – in place. The last thing you want to see is a $0 balance – or even worse, a negative one (if you have an overdraft) – in your bank account.

Any business entrepreneur will tell you, you need to know that there are days that you might experience a loss. The higher the return, the higher the risk. Even though you have accounted for these calculated risks, there are bound to be certain events that you don’t expect to occur or circumstances you didn’t know existed in the first place. It’s the nature of the beast.

So, budgeting is not only paramount, it is the solution. If you have not already done this, please do. The best way to do this is to set aside three (3) month expenses for a contingency account.

Finally guys,  I honestly can’t say it enough….sticking to your budget will help you keep your sanity and bottom line profit within reach.  I wish you the best in your deals and renovations!

Types Of Wholesale Deals

Types of Wholesale DealsKnowing the difference between types of real estate investments is key in making a substantial profit.  Real estate comps give you a foundation to make these deals happen.  Let’s discuss the two main styles:

The fix and flip – Where you buy real estate, rehab it, and sell it to a retail buyer. This is the kind that is on the TV shows.

The wholesale flip – Where you buy real estate (or get it under contract), find a wholesale buyer, and flip the contract. This kind has a ton of money in it…with a heck of a lot less risk.

To me, the fix and flip method is not for most newbie’s…even though that is the kind of real estate investing you see on TV all of the time.

It all boils down to the basics:

  • You need a good understanding of rehab costs
  • You need to have good funding… either from a private lender or a bank (private lender is preferable)
  • You need to be able to float the carrying costs if you can’t sell the property quickly
  • If you don’t calculate your costs just right… there may not be a whole lot of room for error… and room for error means greater risk for you!

Basically, you as a wholesale real estate flipper or investor (or wholesaler for short), find properties that need work that you can purchase at a large discount and flip them for a fee to a rehabber who will do the work.

Your job is to find the properties, analyze the numbers to determine the repairs needed, create an offer that enables both you and the rehabber that you will sell to make a profit, and sell the contract to a rehabber who will actually make the repairs.

Making Profit A Choice

Making Profit A ChoiceEvery property investor knows that real estate comps will help them determine what renovations can improve their home’s value and marketability. The amount of value certain improvements cost may not add as much value as the cost to do it.

Remember, a potential buyer or real estate appraiser may be unimpressed with certain improvements. What you must keep in mind is that what you view as a valuable upgrade may not be the same as what the real estate market sees as a valuable upgrade.  I want to share a few things that one would want to avoid adding to a property unnecessarily.

First on my list would be swimming pools. There aren’t many areas of the world where backyard pools are common place. Before adding a pool think about your neighborhood. Do the majority of properties have pools? Would a potential buyer expect there to be a pool? If pools are not common place in your area and/or have a very short season, you likely will not be adding much value to your home, and definitely not as much as the cost to put one in. In fact, Many potential home buyers view swimming pools as dangerous, expensive to maintain, and an insurance-claim waiting to happen. This money is better spent elsewhere as you are not likely to recoup the cost in a sale or appraisal.

Staying basic with landscaping will also save you in the long run. Some buyers and appraisers definitely appreciate good landscaping, but there is a line where elaborate landscaping no longer adds in value to what it costs. Keep in mind that potential buyers may not want to take on the upkeep work of elaborate landscaping and may not want to have to hire a professional landscaper to take care of it.

Trying to steer clear of high end upgrades will also be a wise choice. The cost of a full bathroom remodel could redo the flooring and paint throughout the entire home and this would be looked upon much more favorably by a potential buyer or appraiser in their assessment of value than you just having one high quality room.

Ok guys, hopefully these tips will keep you out of the red when choosing your renovation projects.  Remember working with good real estate comps to get a good deal on HUD properties on the front end, making solid rehab choices during, will result in a great profit in the end.

What Comes With A Property Valuation Report?

What Comes With A Property Valuation ReportA property valuation report is a report that shows the price rate of a particular property. Price rate of a property can also be called the market price of the property. Every property valuation company offers different services when delivering a report. It can be found that certain companies offer you more information rather than the valuation report alone. This will provide you with a lot of other details that one must follow during the buying or selling process.

 

 

What you receive with a Property Valuation Report:

• A list of registered proprietors or owners

• A description of property as per the laws which includes the structure of the land

• Zoning or Resource management

• Valuation includes the market rate of the property

Region:  Basic details and completed description of the property

This is a section in the valuation report where you will find the details of the property that provides a detail of the residential market value and the commercial market value. Other factors that do not affect the final price are ignored altogether.

A detailed description of the improvements:  A description about the improvements in the property valuation report is something that is considered as a very important part in the report. When there is a chance of improvement in the property, there is a large chance for the increase in its value. This is the reason why such details are described in the valuation report in a detailed manner.

It is very important to check the rates of the properties that are similar, and those that are found in the neighborhood.  Remember guys, you make your profit when you buy so do your research and make your mark!

Why I Love The Wholesale Flip

Why I Love The Wholesale Flip
There are ways to get started with real estate comps and real estate investing that allow you to get in with little to no risk or money, and will allow you to learn the business before you ever take a huge money commitment to do so.

Would you like my opinion of the best way to get started in real estate investing to minimize your risk and shorten your learning curve… all the while making nice money in the process?  My answer:  The wholesale flip – or in other words… wholesaling real estate, flipping houses for quick cash, flipping contracts, etc.

When you wholesale real estate you do everything a flipper would normally do… except you don’t actually repair the property and sell it to a retail buyer. But, you don’t have the risk or time commitment that a fix and flipper has.

Basically, you as a wholesale real estate flipper (or wholesaler for short), find properties that need work that you can purchase at a large discount and flip them for a fee to a rehabber who will do the work.

Your job is to find the properties, analyze the numbers to determine the repairs needed, create an offer that enables both you and the rehabber to make a profit, and sell the contract to a rehabber who will actually make the repairs.

Another reason for starting out doing wholesale real estate deals is that you learn the ropes of what it takes to be a rehabber. After analyzing several deals and talking to rehabbers to find out what they look for… you will have a good grasp on what a good deal is, how to accurately estimate repair costs, who the rehabbers use as contractors, etc.

So, you actually make money while you are getting an on-the-job education in real estate flipping and rehabbing!

Monthly Archives: January 2016

Make Room For A Backup Plan

Make Room For A Backup PlanWhen it comes to property investing, making sure the real estate comps are reliable helps to make solid offers.  However, while good investing is very much taking care of business, one must always have a “rainy day”- aka contingency budget – in place. The last thing you want to see is a $0 balance – or even worse, a negative one (if you have an overdraft) – in your bank account.

Any business entrepreneur will tell you, you need to know that there are days that you might experience a loss. The higher the return, the higher the risk. Even though you have accounted for these calculated risks, there are bound to be certain events that you don’t expect to occur or circumstances you didn’t know existed in the first place. It’s the nature of the beast.

So, budgeting is not only paramount, it is the solution. If you have not already done this, please do. The best way to do this is to set aside three (3) month expenses for a contingency account.

Finally guys,  I honestly can’t say it enough….sticking to your budget will help you keep your sanity and bottom line profit within reach.  I wish you the best in your deals and renovations!

Types Of Wholesale Deals

Types of Wholesale DealsKnowing the difference between types of real estate investments is key in making a substantial profit.  Real estate comps give you a foundation to make these deals happen.  Let’s discuss the two main styles:

The fix and flip – Where you buy real estate, rehab it, and sell it to a retail buyer. This is the kind that is on the TV shows.

The wholesale flip – Where you buy real estate (or get it under contract), find a wholesale buyer, and flip the contract. This kind has a ton of money in it…with a heck of a lot less risk.

To me, the fix and flip method is not for most newbie’s…even though that is the kind of real estate investing you see on TV all of the time.

It all boils down to the basics:

  • You need a good understanding of rehab costs
  • You need to have good funding… either from a private lender or a bank (private lender is preferable)
  • You need to be able to float the carrying costs if you can’t sell the property quickly
  • If you don’t calculate your costs just right… there may not be a whole lot of room for error… and room for error means greater risk for you!

Basically, you as a wholesale real estate flipper or investor (or wholesaler for short), find properties that need work that you can purchase at a large discount and flip them for a fee to a rehabber who will do the work.

Your job is to find the properties, analyze the numbers to determine the repairs needed, create an offer that enables both you and the rehabber that you will sell to make a profit, and sell the contract to a rehabber who will actually make the repairs.

Making Profit A Choice

Making Profit A ChoiceEvery property investor knows that real estate comps will help them determine what renovations can improve their home’s value and marketability. The amount of value certain improvements cost may not add as much value as the cost to do it.

Remember, a potential buyer or real estate appraiser may be unimpressed with certain improvements. What you must keep in mind is that what you view as a valuable upgrade may not be the same as what the real estate market sees as a valuable upgrade.  I want to share a few things that one would want to avoid adding to a property unnecessarily.

First on my list would be swimming pools. There aren’t many areas of the world where backyard pools are common place. Before adding a pool think about your neighborhood. Do the majority of properties have pools? Would a potential buyer expect there to be a pool? If pools are not common place in your area and/or have a very short season, you likely will not be adding much value to your home, and definitely not as much as the cost to put one in. In fact, Many potential home buyers view swimming pools as dangerous, expensive to maintain, and an insurance-claim waiting to happen. This money is better spent elsewhere as you are not likely to recoup the cost in a sale or appraisal.

Staying basic with landscaping will also save you in the long run. Some buyers and appraisers definitely appreciate good landscaping, but there is a line where elaborate landscaping no longer adds in value to what it costs. Keep in mind that potential buyers may not want to take on the upkeep work of elaborate landscaping and may not want to have to hire a professional landscaper to take care of it.

Trying to steer clear of high end upgrades will also be a wise choice. The cost of a full bathroom remodel could redo the flooring and paint throughout the entire home and this would be looked upon much more favorably by a potential buyer or appraiser in their assessment of value than you just having one high quality room.

Ok guys, hopefully these tips will keep you out of the red when choosing your renovation projects.  Remember working with good real estate comps to get a good deal on HUD properties on the front end, making solid rehab choices during, will result in a great profit in the end.

What Comes With A Property Valuation Report?

What Comes With A Property Valuation ReportA property valuation report is a report that shows the price rate of a particular property. Price rate of a property can also be called the market price of the property. Every property valuation company offers different services when delivering a report. It can be found that certain companies offer you more information rather than the valuation report alone. This will provide you with a lot of other details that one must follow during the buying or selling process.

 

 

What you receive with a Property Valuation Report:

• A list of registered proprietors or owners

• A description of property as per the laws which includes the structure of the land

• Zoning or Resource management

• Valuation includes the market rate of the property

Region:  Basic details and completed description of the property

This is a section in the valuation report where you will find the details of the property that provides a detail of the residential market value and the commercial market value. Other factors that do not affect the final price are ignored altogether.

A detailed description of the improvements:  A description about the improvements in the property valuation report is something that is considered as a very important part in the report. When there is a chance of improvement in the property, there is a large chance for the increase in its value. This is the reason why such details are described in the valuation report in a detailed manner.

It is very important to check the rates of the properties that are similar, and those that are found in the neighborhood.  Remember guys, you make your profit when you buy so do your research and make your mark!

Why I Love The Wholesale Flip

Why I Love The Wholesale Flip
There are ways to get started with real estate comps and real estate investing that allow you to get in with little to no risk or money, and will allow you to learn the business before you ever take a huge money commitment to do so.

Would you like my opinion of the best way to get started in real estate investing to minimize your risk and shorten your learning curve… all the while making nice money in the process?  My answer:  The wholesale flip – or in other words… wholesaling real estate, flipping houses for quick cash, flipping contracts, etc.

When you wholesale real estate you do everything a flipper would normally do… except you don’t actually repair the property and sell it to a retail buyer. But, you don’t have the risk or time commitment that a fix and flipper has.

Basically, you as a wholesale real estate flipper (or wholesaler for short), find properties that need work that you can purchase at a large discount and flip them for a fee to a rehabber who will do the work.

Your job is to find the properties, analyze the numbers to determine the repairs needed, create an offer that enables both you and the rehabber to make a profit, and sell the contract to a rehabber who will actually make the repairs.

Another reason for starting out doing wholesale real estate deals is that you learn the ropes of what it takes to be a rehabber. After analyzing several deals and talking to rehabbers to find out what they look for… you will have a good grasp on what a good deal is, how to accurately estimate repair costs, who the rehabbers use as contractors, etc.

So, you actually make money while you are getting an on-the-job education in real estate flipping and rehabbing!

Monthly Archives: January 2016

Make Room For A Backup Plan

Make Room For A Backup PlanWhen it comes to property investing, making sure the real estate comps are reliable helps to make solid offers.  However, while good investing is very much taking care of business, one must always have a “rainy day”- aka contingency budget – in place. The last thing you want to see is a $0 balance – or even worse, a negative one (if you have an overdraft) – in your bank account.

Any business entrepreneur will tell you, you need to know that there are days that you might experience a loss. The higher the return, the higher the risk. Even though you have accounted for these calculated risks, there are bound to be certain events that you don’t expect to occur or circumstances you didn’t know existed in the first place. It’s the nature of the beast.

So, budgeting is not only paramount, it is the solution. If you have not already done this, please do. The best way to do this is to set aside three (3) month expenses for a contingency account.

Finally guys,  I honestly can’t say it enough….sticking to your budget will help you keep your sanity and bottom line profit within reach.  I wish you the best in your deals and renovations!

Types Of Wholesale Deals

Types of Wholesale DealsKnowing the difference between types of real estate investments is key in making a substantial profit.  Real estate comps give you a foundation to make these deals happen.  Let’s discuss the two main styles:

The fix and flip – Where you buy real estate, rehab it, and sell it to a retail buyer. This is the kind that is on the TV shows.

The wholesale flip – Where you buy real estate (or get it under contract), find a wholesale buyer, and flip the contract. This kind has a ton of money in it…with a heck of a lot less risk.

To me, the fix and flip method is not for most newbie’s…even though that is the kind of real estate investing you see on TV all of the time.

It all boils down to the basics:

  • You need a good understanding of rehab costs
  • You need to have good funding… either from a private lender or a bank (private lender is preferable)
  • You need to be able to float the carrying costs if you can’t sell the property quickly
  • If you don’t calculate your costs just right… there may not be a whole lot of room for error… and room for error means greater risk for you!

Basically, you as a wholesale real estate flipper or investor (or wholesaler for short), find properties that need work that you can purchase at a large discount and flip them for a fee to a rehabber who will do the work.

Your job is to find the properties, analyze the numbers to determine the repairs needed, create an offer that enables both you and the rehabber that you will sell to make a profit, and sell the contract to a rehabber who will actually make the repairs.

Making Profit A Choice

Making Profit A ChoiceEvery property investor knows that real estate comps will help them determine what renovations can improve their home’s value and marketability. The amount of value certain improvements cost may not add as much value as the cost to do it.

Remember, a potential buyer or real estate appraiser may be unimpressed with certain improvements. What you must keep in mind is that what you view as a valuable upgrade may not be the same as what the real estate market sees as a valuable upgrade.  I want to share a few things that one would want to avoid adding to a property unnecessarily.

First on my list would be swimming pools. There aren’t many areas of the world where backyard pools are common place. Before adding a pool think about your neighborhood. Do the majority of properties have pools? Would a potential buyer expect there to be a pool? If pools are not common place in your area and/or have a very short season, you likely will not be adding much value to your home, and definitely not as much as the cost to put one in. In fact, Many potential home buyers view swimming pools as dangerous, expensive to maintain, and an insurance-claim waiting to happen. This money is better spent elsewhere as you are not likely to recoup the cost in a sale or appraisal.

Staying basic with landscaping will also save you in the long run. Some buyers and appraisers definitely appreciate good landscaping, but there is a line where elaborate landscaping no longer adds in value to what it costs. Keep in mind that potential buyers may not want to take on the upkeep work of elaborate landscaping and may not want to have to hire a professional landscaper to take care of it.

Trying to steer clear of high end upgrades will also be a wise choice. The cost of a full bathroom remodel could redo the flooring and paint throughout the entire home and this would be looked upon much more favorably by a potential buyer or appraiser in their assessment of value than you just having one high quality room.

Ok guys, hopefully these tips will keep you out of the red when choosing your renovation projects.  Remember working with good real estate comps to get a good deal on HUD properties on the front end, making solid rehab choices during, will result in a great profit in the end.

What Comes With A Property Valuation Report?

What Comes With A Property Valuation ReportA property valuation report is a report that shows the price rate of a particular property. Price rate of a property can also be called the market price of the property. Every property valuation company offers different services when delivering a report. It can be found that certain companies offer you more information rather than the valuation report alone. This will provide you with a lot of other details that one must follow during the buying or selling process.

 

 

What you receive with a Property Valuation Report:

• A list of registered proprietors or owners

• A description of property as per the laws which includes the structure of the land

• Zoning or Resource management

• Valuation includes the market rate of the property

Region:  Basic details and completed description of the property

This is a section in the valuation report where you will find the details of the property that provides a detail of the residential market value and the commercial market value. Other factors that do not affect the final price are ignored altogether.

A detailed description of the improvements:  A description about the improvements in the property valuation report is something that is considered as a very important part in the report. When there is a chance of improvement in the property, there is a large chance for the increase in its value. This is the reason why such details are described in the valuation report in a detailed manner.

It is very important to check the rates of the properties that are similar, and those that are found in the neighborhood.  Remember guys, you make your profit when you buy so do your research and make your mark!

Why I Love The Wholesale Flip

Why I Love The Wholesale Flip
There are ways to get started with real estate comps and real estate investing that allow you to get in with little to no risk or money, and will allow you to learn the business before you ever take a huge money commitment to do so.

Would you like my opinion of the best way to get started in real estate investing to minimize your risk and shorten your learning curve… all the while making nice money in the process?  My answer:  The wholesale flip – or in other words… wholesaling real estate, flipping houses for quick cash, flipping contracts, etc.

When you wholesale real estate you do everything a flipper would normally do… except you don’t actually repair the property and sell it to a retail buyer. But, you don’t have the risk or time commitment that a fix and flipper has.

Basically, you as a wholesale real estate flipper (or wholesaler for short), find properties that need work that you can purchase at a large discount and flip them for a fee to a rehabber who will do the work.

Your job is to find the properties, analyze the numbers to determine the repairs needed, create an offer that enables both you and the rehabber to make a profit, and sell the contract to a rehabber who will actually make the repairs.

Another reason for starting out doing wholesale real estate deals is that you learn the ropes of what it takes to be a rehabber. After analyzing several deals and talking to rehabbers to find out what they look for… you will have a good grasp on what a good deal is, how to accurately estimate repair costs, who the rehabbers use as contractors, etc.

So, you actually make money while you are getting an on-the-job education in real estate flipping and rehabbing!

Monthly Archives: January 2016

Make Room For A Backup Plan

Make Room For A Backup PlanWhen it comes to property investing, making sure the real estate comps are reliable helps to make solid offers.  However, while good investing is very much taking care of business, one must always have a “rainy day”- aka contingency budget – in place. The last thing you want to see is a $0 balance – or even worse, a negative one (if you have an overdraft) – in your bank account.

Any business entrepreneur will tell you, you need to know that there are days that you might experience a loss. The higher the return, the higher the risk. Even though you have accounted for these calculated risks, there are bound to be certain events that you don’t expect to occur or circumstances you didn’t know existed in the first place. It’s the nature of the beast.

So, budgeting is not only paramount, it is the solution. If you have not already done this, please do. The best way to do this is to set aside three (3) month expenses for a contingency account.

Finally guys,  I honestly can’t say it enough….sticking to your budget will help you keep your sanity and bottom line profit within reach.  I wish you the best in your deals and renovations!

Types Of Wholesale Deals

Types of Wholesale DealsKnowing the difference between types of real estate investments is key in making a substantial profit.  Real estate comps give you a foundation to make these deals happen.  Let’s discuss the two main styles:

The fix and flip – Where you buy real estate, rehab it, and sell it to a retail buyer. This is the kind that is on the TV shows.

The wholesale flip – Where you buy real estate (or get it under contract), find a wholesale buyer, and flip the contract. This kind has a ton of money in it…with a heck of a lot less risk.

To me, the fix and flip method is not for most newbie’s…even though that is the kind of real estate investing you see on TV all of the time.

It all boils down to the basics:

  • You need a good understanding of rehab costs
  • You need to have good funding… either from a private lender or a bank (private lender is preferable)
  • You need to be able to float the carrying costs if you can’t sell the property quickly
  • If you don’t calculate your costs just right… there may not be a whole lot of room for error… and room for error means greater risk for you!

Basically, you as a wholesale real estate flipper or investor (or wholesaler for short), find properties that need work that you can purchase at a large discount and flip them for a fee to a rehabber who will do the work.

Your job is to find the properties, analyze the numbers to determine the repairs needed, create an offer that enables both you and the rehabber that you will sell to make a profit, and sell the contract to a rehabber who will actually make the repairs.

Making Profit A Choice

Making Profit A ChoiceEvery property investor knows that real estate comps will help them determine what renovations can improve their home’s value and marketability. The amount of value certain improvements cost may not add as much value as the cost to do it.

Remember, a potential buyer or real estate appraiser may be unimpressed with certain improvements. What you must keep in mind is that what you view as a valuable upgrade may not be the same as what the real estate market sees as a valuable upgrade.  I want to share a few things that one would want to avoid adding to a property unnecessarily.

First on my list would be swimming pools. There aren’t many areas of the world where backyard pools are common place. Before adding a pool think about your neighborhood. Do the majority of properties have pools? Would a potential buyer expect there to be a pool? If pools are not common place in your area and/or have a very short season, you likely will not be adding much value to your home, and definitely not as much as the cost to put one in. In fact, Many potential home buyers view swimming pools as dangerous, expensive to maintain, and an insurance-claim waiting to happen. This money is better spent elsewhere as you are not likely to recoup the cost in a sale or appraisal.

Staying basic with landscaping will also save you in the long run. Some buyers and appraisers definitely appreciate good landscaping, but there is a line where elaborate landscaping no longer adds in value to what it costs. Keep in mind that potential buyers may not want to take on the upkeep work of elaborate landscaping and may not want to have to hire a professional landscaper to take care of it.

Trying to steer clear of high end upgrades will also be a wise choice. The cost of a full bathroom remodel could redo the flooring and paint throughout the entire home and this would be looked upon much more favorably by a potential buyer or appraiser in their assessment of value than you just having one high quality room.

Ok guys, hopefully these tips will keep you out of the red when choosing your renovation projects.  Remember working with good real estate comps to get a good deal on HUD properties on the front end, making solid rehab choices during, will result in a great profit in the end.

What Comes With A Property Valuation Report?

What Comes With A Property Valuation ReportA property valuation report is a report that shows the price rate of a particular property. Price rate of a property can also be called the market price of the property. Every property valuation company offers different services when delivering a report. It can be found that certain companies offer you more information rather than the valuation report alone. This will provide you with a lot of other details that one must follow during the buying or selling process.

 

 

What you receive with a Property Valuation Report:

• A list of registered proprietors or owners

• A description of property as per the laws which includes the structure of the land

• Zoning or Resource management

• Valuation includes the market rate of the property

Region:  Basic details and completed description of the property

This is a section in the valuation report where you will find the details of the property that provides a detail of the residential market value and the commercial market value. Other factors that do not affect the final price are ignored altogether.

A detailed description of the improvements:  A description about the improvements in the property valuation report is something that is considered as a very important part in the report. When there is a chance of improvement in the property, there is a large chance for the increase in its value. This is the reason why such details are described in the valuation report in a detailed manner.

It is very important to check the rates of the properties that are similar, and those that are found in the neighborhood.  Remember guys, you make your profit when you buy so do your research and make your mark!

Why I Love The Wholesale Flip

Why I Love The Wholesale Flip
There are ways to get started with real estate comps and real estate investing that allow you to get in with little to no risk or money, and will allow you to learn the business before you ever take a huge money commitment to do so.

Would you like my opinion of the best way to get started in real estate investing to minimize your risk and shorten your learning curve… all the while making nice money in the process?  My answer:  The wholesale flip – or in other words… wholesaling real estate, flipping houses for quick cash, flipping contracts, etc.

When you wholesale real estate you do everything a flipper would normally do… except you don’t actually repair the property and sell it to a retail buyer. But, you don’t have the risk or time commitment that a fix and flipper has.

Basically, you as a wholesale real estate flipper (or wholesaler for short), find properties that need work that you can purchase at a large discount and flip them for a fee to a rehabber who will do the work.

Your job is to find the properties, analyze the numbers to determine the repairs needed, create an offer that enables both you and the rehabber to make a profit, and sell the contract to a rehabber who will actually make the repairs.

Another reason for starting out doing wholesale real estate deals is that you learn the ropes of what it takes to be a rehabber. After analyzing several deals and talking to rehabbers to find out what they look for… you will have a good grasp on what a good deal is, how to accurately estimate repair costs, who the rehabbers use as contractors, etc.

So, you actually make money while you are getting an on-the-job education in real estate flipping and rehabbing!

Monthly Archives: January 2016

Make Room For A Backup Plan

Make Room For A Backup PlanWhen it comes to property investing, making sure the real estate comps are reliable helps to make solid offers.  However, while good investing is very much taking care of business, one must always have a “rainy day”- aka contingency budget – in place. The last thing you want to see is a $0 balance – or even worse, a negative one (if you have an overdraft) – in your bank account.

Any business entrepreneur will tell you, you need to know that there are days that you might experience a loss. The higher the return, the higher the risk. Even though you have accounted for these calculated risks, there are bound to be certain events that you don’t expect to occur or circumstances you didn’t know existed in the first place. It’s the nature of the beast.

So, budgeting is not only paramount, it is the solution. If you have not already done this, please do. The best way to do this is to set aside three (3) month expenses for a contingency account.

Finally guys,  I honestly can’t say it enough….sticking to your budget will help you keep your sanity and bottom line profit within reach.  I wish you the best in your deals and renovations!

Types Of Wholesale Deals

Types of Wholesale DealsKnowing the difference between types of real estate investments is key in making a substantial profit.  Real estate comps give you a foundation to make these deals happen.  Let’s discuss the two main styles:

The fix and flip – Where you buy real estate, rehab it, and sell it to a retail buyer. This is the kind that is on the TV shows.

The wholesale flip – Where you buy real estate (or get it under contract), find a wholesale buyer, and flip the contract. This kind has a ton of money in it…with a heck of a lot less risk.

To me, the fix and flip method is not for most newbie’s…even though that is the kind of real estate investing you see on TV all of the time.

It all boils down to the basics:

  • You need a good understanding of rehab costs
  • You need to have good funding… either from a private lender or a bank (private lender is preferable)
  • You need to be able to float the carrying costs if you can’t sell the property quickly
  • If you don’t calculate your costs just right… there may not be a whole lot of room for error… and room for error means greater risk for you!

Basically, you as a wholesale real estate flipper or investor (or wholesaler for short), find properties that need work that you can purchase at a large discount and flip them for a fee to a rehabber who will do the work.

Your job is to find the properties, analyze the numbers to determine the repairs needed, create an offer that enables both you and the rehabber that you will sell to make a profit, and sell the contract to a rehabber who will actually make the repairs.

Making Profit A Choice

Making Profit A ChoiceEvery property investor knows that real estate comps will help them determine what renovations can improve their home’s value and marketability. The amount of value certain improvements cost may not add as much value as the cost to do it.

Remember, a potential buyer or real estate appraiser may be unimpressed with certain improvements. What you must keep in mind is that what you view as a valuable upgrade may not be the same as what the real estate market sees as a valuable upgrade.  I want to share a few things that one would want to avoid adding to a property unnecessarily.

First on my list would be swimming pools. There aren’t many areas of the world where backyard pools are common place. Before adding a pool think about your neighborhood. Do the majority of properties have pools? Would a potential buyer expect there to be a pool? If pools are not common place in your area and/or have a very short season, you likely will not be adding much value to your home, and definitely not as much as the cost to put one in. In fact, Many potential home buyers view swimming pools as dangerous, expensive to maintain, and an insurance-claim waiting to happen. This money is better spent elsewhere as you are not likely to recoup the cost in a sale or appraisal.

Staying basic with landscaping will also save you in the long run. Some buyers and appraisers definitely appreciate good landscaping, but there is a line where elaborate landscaping no longer adds in value to what it costs. Keep in mind that potential buyers may not want to take on the upkeep work of elaborate landscaping and may not want to have to hire a professional landscaper to take care of it.

Trying to steer clear of high end upgrades will also be a wise choice. The cost of a full bathroom remodel could redo the flooring and paint throughout the entire home and this would be looked upon much more favorably by a potential buyer or appraiser in their assessment of value than you just having one high quality room.

Ok guys, hopefully these tips will keep you out of the red when choosing your renovation projects.  Remember working with good real estate comps to get a good deal on HUD properties on the front end, making solid rehab choices during, will result in a great profit in the end.

What Comes With A Property Valuation Report?

What Comes With A Property Valuation ReportA property valuation report is a report that shows the price rate of a particular property. Price rate of a property can also be called the market price of the property. Every property valuation company offers different services when delivering a report. It can be found that certain companies offer you more information rather than the valuation report alone. This will provide you with a lot of other details that one must follow during the buying or selling process.

 

 

What you receive with a Property Valuation Report:

• A list of registered proprietors or owners

• A description of property as per the laws which includes the structure of the land

• Zoning or Resource management

• Valuation includes the market rate of the property

Region:  Basic details and completed description of the property

This is a section in the valuation report where you will find the details of the property that provides a detail of the residential market value and the commercial market value. Other factors that do not affect the final price are ignored altogether.

A detailed description of the improvements:  A description about the improvements in the property valuation report is something that is considered as a very important part in the report. When there is a chance of improvement in the property, there is a large chance for the increase in its value. This is the reason why such details are described in the valuation report in a detailed manner.

It is very important to check the rates of the properties that are similar, and those that are found in the neighborhood.  Remember guys, you make your profit when you buy so do your research and make your mark!

Why I Love The Wholesale Flip

Why I Love The Wholesale Flip
There are ways to get started with real estate comps and real estate investing that allow you to get in with little to no risk or money, and will allow you to learn the business before you ever take a huge money commitment to do so.

Would you like my opinion of the best way to get started in real estate investing to minimize your risk and shorten your learning curve… all the while making nice money in the process?  My answer:  The wholesale flip – or in other words… wholesaling real estate, flipping houses for quick cash, flipping contracts, etc.

When you wholesale real estate you do everything a flipper would normally do… except you don’t actually repair the property and sell it to a retail buyer. But, you don’t have the risk or time commitment that a fix and flipper has.

Basically, you as a wholesale real estate flipper (or wholesaler for short), find properties that need work that you can purchase at a large discount and flip them for a fee to a rehabber who will do the work.

Your job is to find the properties, analyze the numbers to determine the repairs needed, create an offer that enables both you and the rehabber to make a profit, and sell the contract to a rehabber who will actually make the repairs.

Another reason for starting out doing wholesale real estate deals is that you learn the ropes of what it takes to be a rehabber. After analyzing several deals and talking to rehabbers to find out what they look for… you will have a good grasp on what a good deal is, how to accurately estimate repair costs, who the rehabbers use as contractors, etc.

So, you actually make money while you are getting an on-the-job education in real estate flipping and rehabbing!

Monthly Archives: January 2016

Make Room For A Backup Plan

Make Room For A Backup PlanWhen it comes to property investing, making sure the real estate comps are reliable helps to make solid offers.  However, while good investing is very much taking care of business, one must always have a “rainy day”- aka contingency budget – in place. The last thing you want to see is a $0 balance – or even worse, a negative one (if you have an overdraft) – in your bank account.

Any business entrepreneur will tell you, you need to know that there are days that you might experience a loss. The higher the return, the higher the risk. Even though you have accounted for these calculated risks, there are bound to be certain events that you don’t expect to occur or circumstances you didn’t know existed in the first place. It’s the nature of the beast.

So, budgeting is not only paramount, it is the solution. If you have not already done this, please do. The best way to do this is to set aside three (3) month expenses for a contingency account.

Finally guys,  I honestly can’t say it enough….sticking to your budget will help you keep your sanity and bottom line profit within reach.  I wish you the best in your deals and renovations!

Types Of Wholesale Deals

Types of Wholesale DealsKnowing the difference between types of real estate investments is key in making a substantial profit.  Real estate comps give you a foundation to make these deals happen.  Let’s discuss the two main styles:

The fix and flip – Where you buy real estate, rehab it, and sell it to a retail buyer. This is the kind that is on the TV shows.

The wholesale flip – Where you buy real estate (or get it under contract), find a wholesale buyer, and flip the contract. This kind has a ton of money in it…with a heck of a lot less risk.

To me, the fix and flip method is not for most newbie’s…even though that is the kind of real estate investing you see on TV all of the time.

It all boils down to the basics:

  • You need a good understanding of rehab costs
  • You need to have good funding… either from a private lender or a bank (private lender is preferable)
  • You need to be able to float the carrying costs if you can’t sell the property quickly
  • If you don’t calculate your costs just right… there may not be a whole lot of room for error… and room for error means greater risk for you!

Basically, you as a wholesale real estate flipper or investor (or wholesaler for short), find properties that need work that you can purchase at a large discount and flip them for a fee to a rehabber who will do the work.

Your job is to find the properties, analyze the numbers to determine the repairs needed, create an offer that enables both you and the rehabber that you will sell to make a profit, and sell the contract to a rehabber who will actually make the repairs.

Making Profit A Choice

Making Profit A ChoiceEvery property investor knows that real estate comps will help them determine what renovations can improve their home’s value and marketability. The amount of value certain improvements cost may not add as much value as the cost to do it.

Remember, a potential buyer or real estate appraiser may be unimpressed with certain improvements. What you must keep in mind is that what you view as a valuable upgrade may not be the same as what the real estate market sees as a valuable upgrade.  I want to share a few things that one would want to avoid adding to a property unnecessarily.

First on my list would be swimming pools. There aren’t many areas of the world where backyard pools are common place. Before adding a pool think about your neighborhood. Do the majority of properties have pools? Would a potential buyer expect there to be a pool? If pools are not common place in your area and/or have a very short season, you likely will not be adding much value to your home, and definitely not as much as the cost to put one in. In fact, Many potential home buyers view swimming pools as dangerous, expensive to maintain, and an insurance-claim waiting to happen. This money is better spent elsewhere as you are not likely to recoup the cost in a sale or appraisal.

Staying basic with landscaping will also save you in the long run. Some buyers and appraisers definitely appreciate good landscaping, but there is a line where elaborate landscaping no longer adds in value to what it costs. Keep in mind that potential buyers may not want to take on the upkeep work of elaborate landscaping and may not want to have to hire a professional landscaper to take care of it.

Trying to steer clear of high end upgrades will also be a wise choice. The cost of a full bathroom remodel could redo the flooring and paint throughout the entire home and this would be looked upon much more favorably by a potential buyer or appraiser in their assessment of value than you just having one high quality room.

Ok guys, hopefully these tips will keep you out of the red when choosing your renovation projects.  Remember working with good real estate comps to get a good deal on HUD properties on the front end, making solid rehab choices during, will result in a great profit in the end.

What Comes With A Property Valuation Report?

What Comes With A Property Valuation ReportA property valuation report is a report that shows the price rate of a particular property. Price rate of a property can also be called the market price of the property. Every property valuation company offers different services when delivering a report. It can be found that certain companies offer you more information rather than the valuation report alone. This will provide you with a lot of other details that one must follow during the buying or selling process.

 

 

What you receive with a Property Valuation Report:

• A list of registered proprietors or owners

• A description of property as per the laws which includes the structure of the land

• Zoning or Resource management

• Valuation includes the market rate of the property

Region:  Basic details and completed description of the property

This is a section in the valuation report where you will find the details of the property that provides a detail of the residential market value and the commercial market value. Other factors that do not affect the final price are ignored altogether.

A detailed description of the improvements:  A description about the improvements in the property valuation report is something that is considered as a very important part in the report. When there is a chance of improvement in the property, there is a large chance for the increase in its value. This is the reason why such details are described in the valuation report in a detailed manner.

It is very important to check the rates of the properties that are similar, and those that are found in the neighborhood.  Remember guys, you make your profit when you buy so do your research and make your mark!

Why I Love The Wholesale Flip

Why I Love The Wholesale Flip
There are ways to get started with real estate comps and real estate investing that allow you to get in with little to no risk or money, and will allow you to learn the business before you ever take a huge money commitment to do so.

Would you like my opinion of the best way to get started in real estate investing to minimize your risk and shorten your learning curve… all the while making nice money in the process?  My answer:  The wholesale flip – or in other words… wholesaling real estate, flipping houses for quick cash, flipping contracts, etc.

When you wholesale real estate you do everything a flipper would normally do… except you don’t actually repair the property and sell it to a retail buyer. But, you don’t have the risk or time commitment that a fix and flipper has.

Basically, you as a wholesale real estate flipper (or wholesaler for short), find properties that need work that you can purchase at a large discount and flip them for a fee to a rehabber who will do the work.

Your job is to find the properties, analyze the numbers to determine the repairs needed, create an offer that enables both you and the rehabber to make a profit, and sell the contract to a rehabber who will actually make the repairs.

Another reason for starting out doing wholesale real estate deals is that you learn the ropes of what it takes to be a rehabber. After analyzing several deals and talking to rehabbers to find out what they look for… you will have a good grasp on what a good deal is, how to accurately estimate repair costs, who the rehabbers use as contractors, etc.

So, you actually make money while you are getting an on-the-job education in real estate flipping and rehabbing!

Monthly Archives: January 2016

Make Room For A Backup Plan

Make Room For A Backup PlanWhen it comes to property investing, making sure the real estate comps are reliable helps to make solid offers.  However, while good investing is very much taking care of business, one must always have a “rainy day”- aka contingency budget – in place. The last thing you want to see is a $0 balance – or even worse, a negative one (if you have an overdraft) – in your bank account.

Any business entrepreneur will tell you, you need to know that there are days that you might experience a loss. The higher the return, the higher the risk. Even though you have accounted for these calculated risks, there are bound to be certain events that you don’t expect to occur or circumstances you didn’t know existed in the first place. It’s the nature of the beast.

So, budgeting is not only paramount, it is the solution. If you have not already done this, please do. The best way to do this is to set aside three (3) month expenses for a contingency account.

Finally guys,  I honestly can’t say it enough….sticking to your budget will help you keep your sanity and bottom line profit within reach.  I wish you the best in your deals and renovations!

Types Of Wholesale Deals

Types of Wholesale DealsKnowing the difference between types of real estate investments is key in making a substantial profit.  Real estate comps give you a foundation to make these deals happen.  Let’s discuss the two main styles:

The fix and flip – Where you buy real estate, rehab it, and sell it to a retail buyer. This is the kind that is on the TV shows.

The wholesale flip – Where you buy real estate (or get it under contract), find a wholesale buyer, and flip the contract. This kind has a ton of money in it…with a heck of a lot less risk.

To me, the fix and flip method is not for most newbie’s…even though that is the kind of real estate investing you see on TV all of the time.

It all boils down to the basics:

  • You need a good understanding of rehab costs
  • You need to have good funding… either from a private lender or a bank (private lender is preferable)
  • You need to be able to float the carrying costs if you can’t sell the property quickly
  • If you don’t calculate your costs just right… there may not be a whole lot of room for error… and room for error means greater risk for you!

Basically, you as a wholesale real estate flipper or investor (or wholesaler for short), find properties that need work that you can purchase at a large discount and flip them for a fee to a rehabber who will do the work.

Your job is to find the properties, analyze the numbers to determine the repairs needed, create an offer that enables both you and the rehabber that you will sell to make a profit, and sell the contract to a rehabber who will actually make the repairs.

Making Profit A Choice

Making Profit A ChoiceEvery property investor knows that real estate comps will help them determine what renovations can improve their home’s value and marketability. The amount of value certain improvements cost may not add as much value as the cost to do it.

Remember, a potential buyer or real estate appraiser may be unimpressed with certain improvements. What you must keep in mind is that what you view as a valuable upgrade may not be the same as what the real estate market sees as a valuable upgrade.  I want to share a few things that one would want to avoid adding to a property unnecessarily.

First on my list would be swimming pools. There aren’t many areas of the world where backyard pools are common place. Before adding a pool think about your neighborhood. Do the majority of properties have pools? Would a potential buyer expect there to be a pool? If pools are not common place in your area and/or have a very short season, you likely will not be adding much value to your home, and definitely not as much as the cost to put one in. In fact, Many potential home buyers view swimming pools as dangerous, expensive to maintain, and an insurance-claim waiting to happen. This money is better spent elsewhere as you are not likely to recoup the cost in a sale or appraisal.

Staying basic with landscaping will also save you in the long run. Some buyers and appraisers definitely appreciate good landscaping, but there is a line where elaborate landscaping no longer adds in value to what it costs. Keep in mind that potential buyers may not want to take on the upkeep work of elaborate landscaping and may not want to have to hire a professional landscaper to take care of it.

Trying to steer clear of high end upgrades will also be a wise choice. The cost of a full bathroom remodel could redo the flooring and paint throughout the entire home and this would be looked upon much more favorably by a potential buyer or appraiser in their assessment of value than you just having one high quality room.

Ok guys, hopefully these tips will keep you out of the red when choosing your renovation projects.  Remember working with good real estate comps to get a good deal on HUD properties on the front end, making solid rehab choices during, will result in a great profit in the end.

What Comes With A Property Valuation Report?

What Comes With A Property Valuation ReportA property valuation report is a report that shows the price rate of a particular property. Price rate of a property can also be called the market price of the property. Every property valuation company offers different services when delivering a report. It can be found that certain companies offer you more information rather than the valuation report alone. This will provide you with a lot of other details that one must follow during the buying or selling process.

 

 

What you receive with a Property Valuation Report:

• A list of registered proprietors or owners

• A description of property as per the laws which includes the structure of the land

• Zoning or Resource management

• Valuation includes the market rate of the property

Region:  Basic details and completed description of the property

This is a section in the valuation report where you will find the details of the property that provides a detail of the residential market value and the commercial market value. Other factors that do not affect the final price are ignored altogether.

A detailed description of the improvements:  A description about the improvements in the property valuation report is something that is considered as a very important part in the report. When there is a chance of improvement in the property, there is a large chance for the increase in its value. This is the reason why such details are described in the valuation report in a detailed manner.

It is very important to check the rates of the properties that are similar, and those that are found in the neighborhood.  Remember guys, you make your profit when you buy so do your research and make your mark!

Why I Love The Wholesale Flip

Why I Love The Wholesale Flip
There are ways to get started with real estate comps and real estate investing that allow you to get in with little to no risk or money, and will allow you to learn the business before you ever take a huge money commitment to do so.

Would you like my opinion of the best way to get started in real estate investing to minimize your risk and shorten your learning curve… all the while making nice money in the process?  My answer:  The wholesale flip – or in other words… wholesaling real estate, flipping houses for quick cash, flipping contracts, etc.

When you wholesale real estate you do everything a flipper would normally do… except you don’t actually repair the property and sell it to a retail buyer. But, you don’t have the risk or time commitment that a fix and flipper has.

Basically, you as a wholesale real estate flipper (or wholesaler for short), find properties that need work that you can purchase at a large discount and flip them for a fee to a rehabber who will do the work.

Your job is to find the properties, analyze the numbers to determine the repairs needed, create an offer that enables both you and the rehabber to make a profit, and sell the contract to a rehabber who will actually make the repairs.

Another reason for starting out doing wholesale real estate deals is that you learn the ropes of what it takes to be a rehabber. After analyzing several deals and talking to rehabbers to find out what they look for… you will have a good grasp on what a good deal is, how to accurately estimate repair costs, who the rehabbers use as contractors, etc.

So, you actually make money while you are getting an on-the-job education in real estate flipping and rehabbing!

Monthly Archives: January 2016

Make Room For A Backup Plan

Make Room For A Backup PlanWhen it comes to property investing, making sure the real estate comps are reliable helps to make solid offers.  However, while good investing is very much taking care of business, one must always have a “rainy day”- aka contingency budget – in place. The last thing you want to see is a $0 balance – or even worse, a negative one (if you have an overdraft) – in your bank account.

Any business entrepreneur will tell you, you need to know that there are days that you might experience a loss. The higher the return, the higher the risk. Even though you have accounted for these calculated risks, there are bound to be certain events that you don’t expect to occur or circumstances you didn’t know existed in the first place. It’s the nature of the beast.

So, budgeting is not only paramount, it is the solution. If you have not already done this, please do. The best way to do this is to set aside three (3) month expenses for a contingency account.

Finally guys,  I honestly can’t say it enough….sticking to your budget will help you keep your sanity and bottom line profit within reach.  I wish you the best in your deals and renovations!

Types Of Wholesale Deals

Types of Wholesale DealsKnowing the difference between types of real estate investments is key in making a substantial profit.  Real estate comps give you a foundation to make these deals happen.  Let’s discuss the two main styles:

The fix and flip – Where you buy real estate, rehab it, and sell it to a retail buyer. This is the kind that is on the TV shows.

The wholesale flip – Where you buy real estate (or get it under contract), find a wholesale buyer, and flip the contract. This kind has a ton of money in it…with a heck of a lot less risk.

To me, the fix and flip method is not for most newbie’s…even though that is the kind of real estate investing you see on TV all of the time.

It all boils down to the basics:

  • You need a good understanding of rehab costs
  • You need to have good funding… either from a private lender or a bank (private lender is preferable)
  • You need to be able to float the carrying costs if you can’t sell the property quickly
  • If you don’t calculate your costs just right… there may not be a whole lot of room for error… and room for error means greater risk for you!

Basically, you as a wholesale real estate flipper or investor (or wholesaler for short), find properties that need work that you can purchase at a large discount and flip them for a fee to a rehabber who will do the work.

Your job is to find the properties, analyze the numbers to determine the repairs needed, create an offer that enables both you and the rehabber that you will sell to make a profit, and sell the contract to a rehabber who will actually make the repairs.

Making Profit A Choice

Making Profit A ChoiceEvery property investor knows that real estate comps will help them determine what renovations can improve their home’s value and marketability. The amount of value certain improvements cost may not add as much value as the cost to do it.

Remember, a potential buyer or real estate appraiser may be unimpressed with certain improvements. What you must keep in mind is that what you view as a valuable upgrade may not be the same as what the real estate market sees as a valuable upgrade.  I want to share a few things that one would want to avoid adding to a property unnecessarily.

First on my list would be swimming pools. There aren’t many areas of the world where backyard pools are common place. Before adding a pool think about your neighborhood. Do the majority of properties have pools? Would a potential buyer expect there to be a pool? If pools are not common place in your area and/or have a very short season, you likely will not be adding much value to your home, and definitely not as much as the cost to put one in. In fact, Many potential home buyers view swimming pools as dangerous, expensive to maintain, and an insurance-claim waiting to happen. This money is better spent elsewhere as you are not likely to recoup the cost in a sale or appraisal.

Staying basic with landscaping will also save you in the long run. Some buyers and appraisers definitely appreciate good landscaping, but there is a line where elaborate landscaping no longer adds in value to what it costs. Keep in mind that potential buyers may not want to take on the upkeep work of elaborate landscaping and may not want to have to hire a professional landscaper to take care of it.

Trying to steer clear of high end upgrades will also be a wise choice. The cost of a full bathroom remodel could redo the flooring and paint throughout the entire home and this would be looked upon much more favorably by a potential buyer or appraiser in their assessment of value than you just having one high quality room.

Ok guys, hopefully these tips will keep you out of the red when choosing your renovation projects.  Remember working with good real estate comps to get a good deal on HUD properties on the front end, making solid rehab choices during, will result in a great profit in the end.

What Comes With A Property Valuation Report?

What Comes With A Property Valuation ReportA property valuation report is a report that shows the price rate of a particular property. Price rate of a property can also be called the market price of the property. Every property valuation company offers different services when delivering a report. It can be found that certain companies offer you more information rather than the valuation report alone. This will provide you with a lot of other details that one must follow during the buying or selling process.

 

 

What you receive with a Property Valuation Report:

• A list of registered proprietors or owners

• A description of property as per the laws which includes the structure of the land

• Zoning or Resource management

• Valuation includes the market rate of the property

Region:  Basic details and completed description of the property

This is a section in the valuation report where you will find the details of the property that provides a detail of the residential market value and the commercial market value. Other factors that do not affect the final price are ignored altogether.

A detailed description of the improvements:  A description about the improvements in the property valuation report is something that is considered as a very important part in the report. When there is a chance of improvement in the property, there is a large chance for the increase in its value. This is the reason why such details are described in the valuation report in a detailed manner.

It is very important to check the rates of the properties that are similar, and those that are found in the neighborhood.  Remember guys, you make your profit when you buy so do your research and make your mark!

Why I Love The Wholesale Flip

Why I Love The Wholesale Flip
There are ways to get started with real estate comps and real estate investing that allow you to get in with little to no risk or money, and will allow you to learn the business before you ever take a huge money commitment to do so.

Would you like my opinion of the best way to get started in real estate investing to minimize your risk and shorten your learning curve… all the while making nice money in the process?  My answer:  The wholesale flip – or in other words… wholesaling real estate, flipping houses for quick cash, flipping contracts, etc.

When you wholesale real estate you do everything a flipper would normally do… except you don’t actually repair the property and sell it to a retail buyer. But, you don’t have the risk or time commitment that a fix and flipper has.

Basically, you as a wholesale real estate flipper (or wholesaler for short), find properties that need work that you can purchase at a large discount and flip them for a fee to a rehabber who will do the work.

Your job is to find the properties, analyze the numbers to determine the repairs needed, create an offer that enables both you and the rehabber to make a profit, and sell the contract to a rehabber who will actually make the repairs.

Another reason for starting out doing wholesale real estate deals is that you learn the ropes of what it takes to be a rehabber. After analyzing several deals and talking to rehabbers to find out what they look for… you will have a good grasp on what a good deal is, how to accurately estimate repair costs, who the rehabbers use as contractors, etc.

So, you actually make money while you are getting an on-the-job education in real estate flipping and rehabbing!

Monthly Archives: January 2016

Make Room For A Backup Plan

Make Room For A Backup PlanWhen it comes to property investing, making sure the real estate comps are reliable helps to make solid offers.  However, while good investing is very much taking care of business, one must always have a “rainy day”- aka contingency budget – in place. The last thing you want to see is a $0 balance – or even worse, a negative one (if you have an overdraft) – in your bank account.

Any business entrepreneur will tell you, you need to know that there are days that you might experience a loss. The higher the return, the higher the risk. Even though you have accounted for these calculated risks, there are bound to be certain events that you don’t expect to occur or circumstances you didn’t know existed in the first place. It’s the nature of the beast.

So, budgeting is not only paramount, it is the solution. If you have not already done this, please do. The best way to do this is to set aside three (3) month expenses for a contingency account.

Finally guys,  I honestly can’t say it enough….sticking to your budget will help you keep your sanity and bottom line profit within reach.  I wish you the best in your deals and renovations!

Types Of Wholesale Deals

Types of Wholesale DealsKnowing the difference between types of real estate investments is key in making a substantial profit.  Real estate comps give you a foundation to make these deals happen.  Let’s discuss the two main styles:

The fix and flip – Where you buy real estate, rehab it, and sell it to a retail buyer. This is the kind that is on the TV shows.

The wholesale flip – Where you buy real estate (or get it under contract), find a wholesale buyer, and flip the contract. This kind has a ton of money in it…with a heck of a lot less risk.

To me, the fix and flip method is not for most newbie’s…even though that is the kind of real estate investing you see on TV all of the time.

It all boils down to the basics:

  • You need a good understanding of rehab costs
  • You need to have good funding… either from a private lender or a bank (private lender is preferable)
  • You need to be able to float the carrying costs if you can’t sell the property quickly
  • If you don’t calculate your costs just right… there may not be a whole lot of room for error… and room for error means greater risk for you!

Basically, you as a wholesale real estate flipper or investor (or wholesaler for short), find properties that need work that you can purchase at a large discount and flip them for a fee to a rehabber who will do the work.

Your job is to find the properties, analyze the numbers to determine the repairs needed, create an offer that enables both you and the rehabber that you will sell to make a profit, and sell the contract to a rehabber who will actually make the repairs.

Making Profit A Choice

Making Profit A ChoiceEvery property investor knows that real estate comps will help them determine what renovations can improve their home’s value and marketability. The amount of value certain improvements cost may not add as much value as the cost to do it.

Remember, a potential buyer or real estate appraiser may be unimpressed with certain improvements. What you must keep in mind is that what you view as a valuable upgrade may not be the same as what the real estate market sees as a valuable upgrade.  I want to share a few things that one would want to avoid adding to a property unnecessarily.

First on my list would be swimming pools. There aren’t many areas of the world where backyard pools are common place. Before adding a pool think about your neighborhood. Do the majority of properties have pools? Would a potential buyer expect there to be a pool? If pools are not common place in your area and/or have a very short season, you likely will not be adding much value to your home, and definitely not as much as the cost to put one in. In fact, Many potential home buyers view swimming pools as dangerous, expensive to maintain, and an insurance-claim waiting to happen. This money is better spent elsewhere as you are not likely to recoup the cost in a sale or appraisal.

Staying basic with landscaping will also save you in the long run. Some buyers and appraisers definitely appreciate good landscaping, but there is a line where elaborate landscaping no longer adds in value to what it costs. Keep in mind that potential buyers may not want to take on the upkeep work of elaborate landscaping and may not want to have to hire a professional landscaper to take care of it.

Trying to steer clear of high end upgrades will also be a wise choice. The cost of a full bathroom remodel could redo the flooring and paint throughout the entire home and this would be looked upon much more favorably by a potential buyer or appraiser in their assessment of value than you just having one high quality room.

Ok guys, hopefully these tips will keep you out of the red when choosing your renovation projects.  Remember working with good real estate comps to get a good deal on HUD properties on the front end, making solid rehab choices during, will result in a great profit in the end.

What Comes With A Property Valuation Report?

What Comes With A Property Valuation ReportA property valuation report is a report that shows the price rate of a particular property. Price rate of a property can also be called the market price of the property. Every property valuation company offers different services when delivering a report. It can be found that certain companies offer you more information rather than the valuation report alone. This will provide you with a lot of other details that one must follow during the buying or selling process.

 

 

What you receive with a Property Valuation Report:

• A list of registered proprietors or owners

• A description of property as per the laws which includes the structure of the land

• Zoning or Resource management

• Valuation includes the market rate of the property

Region:  Basic details and completed description of the property

This is a section in the valuation report where you will find the details of the property that provides a detail of the residential market value and the commercial market value. Other factors that do not affect the final price are ignored altogether.

A detailed description of the improvements:  A description about the improvements in the property valuation report is something that is considered as a very important part in the report. When there is a chance of improvement in the property, there is a large chance for the increase in its value. This is the reason why such details are described in the valuation report in a detailed manner.

It is very important to check the rates of the properties that are similar, and those that are found in the neighborhood.  Remember guys, you make your profit when you buy so do your research and make your mark!

Why I Love The Wholesale Flip

Why I Love The Wholesale Flip
There are ways to get started with real estate comps and real estate investing that allow you to get in with little to no risk or money, and will allow you to learn the business before you ever take a huge money commitment to do so.

Would you like my opinion of the best way to get started in real estate investing to minimize your risk and shorten your learning curve… all the while making nice money in the process?  My answer:  The wholesale flip – or in other words… wholesaling real estate, flipping houses for quick cash, flipping contracts, etc.

When you wholesale real estate you do everything a flipper would normally do… except you don’t actually repair the property and sell it to a retail buyer. But, you don’t have the risk or time commitment that a fix and flipper has.

Basically, you as a wholesale real estate flipper (or wholesaler for short), find properties that need work that you can purchase at a large discount and flip them for a fee to a rehabber who will do the work.

Your job is to find the properties, analyze the numbers to determine the repairs needed, create an offer that enables both you and the rehabber to make a profit, and sell the contract to a rehabber who will actually make the repairs.

Another reason for starting out doing wholesale real estate deals is that you learn the ropes of what it takes to be a rehabber. After analyzing several deals and talking to rehabbers to find out what they look for… you will have a good grasp on what a good deal is, how to accurately estimate repair costs, who the rehabbers use as contractors, etc.

So, you actually make money while you are getting an on-the-job education in real estate flipping and rehabbing!

Monthly Archives: January 2016

Make Room For A Backup Plan

Make Room For A Backup PlanWhen it comes to property investing, making sure the real estate comps are reliable helps to make solid offers.  However, while good investing is very much taking care of business, one must always have a “rainy day”- aka contingency budget – in place. The last thing you want to see is a $0 balance – or even worse, a negative one (if you have an overdraft) – in your bank account.

Any business entrepreneur will tell you, you need to know that there are days that you might experience a loss. The higher the return, the higher the risk. Even though you have accounted for these calculated risks, there are bound to be certain events that you don’t expect to occur or circumstances you didn’t know existed in the first place. It’s the nature of the beast.

So, budgeting is not only paramount, it is the solution. If you have not already done this, please do. The best way to do this is to set aside three (3) month expenses for a contingency account.

Finally guys,  I honestly can’t say it enough….sticking to your budget will help you keep your sanity and bottom line profit within reach.  I wish you the best in your deals and renovations!

Types Of Wholesale Deals

Types of Wholesale DealsKnowing the difference between types of real estate investments is key in making a substantial profit.  Real estate comps give you a foundation to make these deals happen.  Let’s discuss the two main styles:

The fix and flip – Where you buy real estate, rehab it, and sell it to a retail buyer. This is the kind that is on the TV shows.

The wholesale flip – Where you buy real estate (or get it under contract), find a wholesale buyer, and flip the contract. This kind has a ton of money in it…with a heck of a lot less risk.

To me, the fix and flip method is not for most newbie’s…even though that is the kind of real estate investing you see on TV all of the time.

It all boils down to the basics:

  • You need a good understanding of rehab costs
  • You need to have good funding… either from a private lender or a bank (private lender is preferable)
  • You need to be able to float the carrying costs if you can’t sell the property quickly
  • If you don’t calculate your costs just right… there may not be a whole lot of room for error… and room for error means greater risk for you!

Basically, you as a wholesale real estate flipper or investor (or wholesaler for short), find properties that need work that you can purchase at a large discount and flip them for a fee to a rehabber who will do the work.

Your job is to find the properties, analyze the numbers to determine the repairs needed, create an offer that enables both you and the rehabber that you will sell to make a profit, and sell the contract to a rehabber who will actually make the repairs.

Making Profit A Choice

Making Profit A ChoiceEvery property investor knows that real estate comps will help them determine what renovations can improve their home’s value and marketability. The amount of value certain improvements cost may not add as much value as the cost to do it.

Remember, a potential buyer or real estate appraiser may be unimpressed with certain improvements. What you must keep in mind is that what you view as a valuable upgrade may not be the same as what the real estate market sees as a valuable upgrade.  I want to share a few things that one would want to avoid adding to a property unnecessarily.

First on my list would be swimming pools. There aren’t many areas of the world where backyard pools are common place. Before adding a pool think about your neighborhood. Do the majority of properties have pools? Would a potential buyer expect there to be a pool? If pools are not common place in your area and/or have a very short season, you likely will not be adding much value to your home, and definitely not as much as the cost to put one in. In fact, Many potential home buyers view swimming pools as dangerous, expensive to maintain, and an insurance-claim waiting to happen. This money is better spent elsewhere as you are not likely to recoup the cost in a sale or appraisal.

Staying basic with landscaping will also save you in the long run. Some buyers and appraisers definitely appreciate good landscaping, but there is a line where elaborate landscaping no longer adds in value to what it costs. Keep in mind that potential buyers may not want to take on the upkeep work of elaborate landscaping and may not want to have to hire a professional landscaper to take care of it.

Trying to steer clear of high end upgrades will also be a wise choice. The cost of a full bathroom remodel could redo the flooring and paint throughout the entire home and this would be looked upon much more favorably by a potential buyer or appraiser in their assessment of value than you just having one high quality room.

Ok guys, hopefully these tips will keep you out of the red when choosing your renovation projects.  Remember working with good real estate comps to get a good deal on HUD properties on the front end, making solid rehab choices during, will result in a great profit in the end.

What Comes With A Property Valuation Report?

What Comes With A Property Valuation ReportA property valuation report is a report that shows the price rate of a particular property. Price rate of a property can also be called the market price of the property. Every property valuation company offers different services when delivering a report. It can be found that certain companies offer you more information rather than the valuation report alone. This will provide you with a lot of other details that one must follow during the buying or selling process.

 

 

What you receive with a Property Valuation Report:

• A list of registered proprietors or owners

• A description of property as per the laws which includes the structure of the land

• Zoning or Resource management

• Valuation includes the market rate of the property

Region:  Basic details and completed description of the property

This is a section in the valuation report where you will find the details of the property that provides a detail of the residential market value and the commercial market value. Other factors that do not affect the final price are ignored altogether.

A detailed description of the improvements:  A description about the improvements in the property valuation report is something that is considered as a very important part in the report. When there is a chance of improvement in the property, there is a large chance for the increase in its value. This is the reason why such details are described in the valuation report in a detailed manner.

It is very important to check the rates of the properties that are similar, and those that are found in the neighborhood.  Remember guys, you make your profit when you buy so do your research and make your mark!

Why I Love The Wholesale Flip

Why I Love The Wholesale Flip
There are ways to get started with real estate comps and real estate investing that allow you to get in with little to no risk or money, and will allow you to learn the business before you ever take a huge money commitment to do so.

Would you like my opinion of the best way to get started in real estate investing to minimize your risk and shorten your learning curve… all the while making nice money in the process?  My answer:  The wholesale flip – or in other words… wholesaling real estate, flipping houses for quick cash, flipping contracts, etc.

When you wholesale real estate you do everything a flipper would normally do… except you don’t actually repair the property and sell it to a retail buyer. But, you don’t have the risk or time commitment that a fix and flipper has.

Basically, you as a wholesale real estate flipper (or wholesaler for short), find properties that need work that you can purchase at a large discount and flip them for a fee to a rehabber who will do the work.

Your job is to find the properties, analyze the numbers to determine the repairs needed, create an offer that enables both you and the rehabber to make a profit, and sell the contract to a rehabber who will actually make the repairs.

Another reason for starting out doing wholesale real estate deals is that you learn the ropes of what it takes to be a rehabber. After analyzing several deals and talking to rehabbers to find out what they look for… you will have a good grasp on what a good deal is, how to accurately estimate repair costs, who the rehabbers use as contractors, etc.

So, you actually make money while you are getting an on-the-job education in real estate flipping and rehabbing!

Monthly Archives: January 2016

Make Room For A Backup Plan

Make Room For A Backup PlanWhen it comes to property investing, making sure the real estate comps are reliable helps to make solid offers.  However, while good investing is very much taking care of business, one must always have a “rainy day”- aka contingency budget – in place. The last thing you want to see is a $0 balance – or even worse, a negative one (if you have an overdraft) – in your bank account.

Any business entrepreneur will tell you, you need to know that there are days that you might experience a loss. The higher the return, the higher the risk. Even though you have accounted for these calculated risks, there are bound to be certain events that you don’t expect to occur or circumstances you didn’t know existed in the first place. It’s the nature of the beast.

So, budgeting is not only paramount, it is the solution. If you have not already done this, please do. The best way to do this is to set aside three (3) month expenses for a contingency account.

Finally guys,  I honestly can’t say it enough….sticking to your budget will help you keep your sanity and bottom line profit within reach.  I wish you the best in your deals and renovations!

Types Of Wholesale Deals

Types of Wholesale DealsKnowing the difference between types of real estate investments is key in making a substantial profit.  Real estate comps give you a foundation to make these deals happen.  Let’s discuss the two main styles:

The fix and flip – Where you buy real estate, rehab it, and sell it to a retail buyer. This is the kind that is on the TV shows.

The wholesale flip – Where you buy real estate (or get it under contract), find a wholesale buyer, and flip the contract. This kind has a ton of money in it…with a heck of a lot less risk.

To me, the fix and flip method is not for most newbie’s…even though that is the kind of real estate investing you see on TV all of the time.

It all boils down to the basics:

  • You need a good understanding of rehab costs
  • You need to have good funding… either from a private lender or a bank (private lender is preferable)
  • You need to be able to float the carrying costs if you can’t sell the property quickly
  • If you don’t calculate your costs just right… there may not be a whole lot of room for error… and room for error means greater risk for you!

Basically, you as a wholesale real estate flipper or investor (or wholesaler for short), find properties that need work that you can purchase at a large discount and flip them for a fee to a rehabber who will do the work.

Your job is to find the properties, analyze the numbers to determine the repairs needed, create an offer that enables both you and the rehabber that you will sell to make a profit, and sell the contract to a rehabber who will actually make the repairs.

Making Profit A Choice

Making Profit A ChoiceEvery property investor knows that real estate comps will help them determine what renovations can improve their home’s value and marketability. The amount of value certain improvements cost may not add as much value as the cost to do it.

Remember, a potential buyer or real estate appraiser may be unimpressed with certain improvements. What you must keep in mind is that what you view as a valuable upgrade may not be the same as what the real estate market sees as a valuable upgrade.  I want to share a few things that one would want to avoid adding to a property unnecessarily.

First on my list would be swimming pools. There aren’t many areas of the world where backyard pools are common place. Before adding a pool think about your neighborhood. Do the majority of properties have pools? Would a potential buyer expect there to be a pool? If pools are not common place in your area and/or have a very short season, you likely will not be adding much value to your home, and definitely not as much as the cost to put one in. In fact, Many potential home buyers view swimming pools as dangerous, expensive to maintain, and an insurance-claim waiting to happen. This money is better spent elsewhere as you are not likely to recoup the cost in a sale or appraisal.

Staying basic with landscaping will also save you in the long run. Some buyers and appraisers definitely appreciate good landscaping, but there is a line where elaborate landscaping no longer adds in value to what it costs. Keep in mind that potential buyers may not want to take on the upkeep work of elaborate landscaping and may not want to have to hire a professional landscaper to take care of it.

Trying to steer clear of high end upgrades will also be a wise choice. The cost of a full bathroom remodel could redo the flooring and paint throughout the entire home and this would be looked upon much more favorably by a potential buyer or appraiser in their assessment of value than you just having one high quality room.

Ok guys, hopefully these tips will keep you out of the red when choosing your renovation projects.  Remember working with good real estate comps to get a good deal on HUD properties on the front end, making solid rehab choices during, will result in a great profit in the end.

What Comes With A Property Valuation Report?

What Comes With A Property Valuation ReportA property valuation report is a report that shows the price rate of a particular property. Price rate of a property can also be called the market price of the property. Every property valuation company offers different services when delivering a report. It can be found that certain companies offer you more information rather than the valuation report alone. This will provide you with a lot of other details that one must follow during the buying or selling process.

 

 

What you receive with a Property Valuation Report:

• A list of registered proprietors or owners

• A description of property as per the laws which includes the structure of the land

• Zoning or Resource management

• Valuation includes the market rate of the property

Region:  Basic details and completed description of the property

This is a section in the valuation report where you will find the details of the property that provides a detail of the residential market value and the commercial market value. Other factors that do not affect the final price are ignored altogether.

A detailed description of the improvements:  A description about the improvements in the property valuation report is something that is considered as a very important part in the report. When there is a chance of improvement in the property, there is a large chance for the increase in its value. This is the reason why such details are described in the valuation report in a detailed manner.

It is very important to check the rates of the properties that are similar, and those that are found in the neighborhood.  Remember guys, you make your profit when you buy so do your research and make your mark!

Why I Love The Wholesale Flip

Why I Love The Wholesale Flip
There are ways to get started with real estate comps and real estate investing that allow you to get in with little to no risk or money, and will allow you to learn the business before you ever take a huge money commitment to do so.

Would you like my opinion of the best way to get started in real estate investing to minimize your risk and shorten your learning curve… all the while making nice money in the process?  My answer:  The wholesale flip – or in other words… wholesaling real estate, flipping houses for quick cash, flipping contracts, etc.

When you wholesale real estate you do everything a flipper would normally do… except you don’t actually repair the property and sell it to a retail buyer. But, you don’t have the risk or time commitment that a fix and flipper has.

Basically, you as a wholesale real estate flipper (or wholesaler for short), find properties that need work that you can purchase at a large discount and flip them for a fee to a rehabber who will do the work.

Your job is to find the properties, analyze the numbers to determine the repairs needed, create an offer that enables both you and the rehabber to make a profit, and sell the contract to a rehabber who will actually make the repairs.

Another reason for starting out doing wholesale real estate deals is that you learn the ropes of what it takes to be a rehabber. After analyzing several deals and talking to rehabbers to find out what they look for… you will have a good grasp on what a good deal is, how to accurately estimate repair costs, who the rehabbers use as contractors, etc.

So, you actually make money while you are getting an on-the-job education in real estate flipping and rehabbing!

Monthly Archives: January 2016

Make Room For A Backup Plan

Make Room For A Backup PlanWhen it comes to property investing, making sure the real estate comps are reliable helps to make solid offers.  However, while good investing is very much taking care of business, one must always have a “rainy day”- aka contingency budget – in place. The last thing you want to see is a $0 balance – or even worse, a negative one (if you have an overdraft) – in your bank account.

Any business entrepreneur will tell you, you need to know that there are days that you might experience a loss. The higher the return, the higher the risk. Even though you have accounted for these calculated risks, there are bound to be certain events that you don’t expect to occur or circumstances you didn’t know existed in the first place. It’s the nature of the beast.

So, budgeting is not only paramount, it is the solution. If you have not already done this, please do. The best way to do this is to set aside three (3) month expenses for a contingency account.

Finally guys,  I honestly can’t say it enough….sticking to your budget will help you keep your sanity and bottom line profit within reach.  I wish you the best in your deals and renovations!

Types Of Wholesale Deals

Types of Wholesale DealsKnowing the difference between types of real estate investments is key in making a substantial profit.  Real estate comps give you a foundation to make these deals happen.  Let’s discuss the two main styles:

The fix and flip – Where you buy real estate, rehab it, and sell it to a retail buyer. This is the kind that is on the TV shows.

The wholesale flip – Where you buy real estate (or get it under contract), find a wholesale buyer, and flip the contract. This kind has a ton of money in it…with a heck of a lot less risk.

To me, the fix and flip method is not for most newbie’s…even though that is the kind of real estate investing you see on TV all of the time.

It all boils down to the basics:

  • You need a good understanding of rehab costs
  • You need to have good funding… either from a private lender or a bank (private lender is preferable)
  • You need to be able to float the carrying costs if you can’t sell the property quickly
  • If you don’t calculate your costs just right… there may not be a whole lot of room for error… and room for error means greater risk for you!

Basically, you as a wholesale real estate flipper or investor (or wholesaler for short), find properties that need work that you can purchase at a large discount and flip them for a fee to a rehabber who will do the work.

Your job is to find the properties, analyze the numbers to determine the repairs needed, create an offer that enables both you and the rehabber that you will sell to make a profit, and sell the contract to a rehabber who will actually make the repairs.

Making Profit A Choice

Making Profit A ChoiceEvery property investor knows that real estate comps will help them determine what renovations can improve their home’s value and marketability. The amount of value certain improvements cost may not add as much value as the cost to do it.

Remember, a potential buyer or real estate appraiser may be unimpressed with certain improvements. What you must keep in mind is that what you view as a valuable upgrade may not be the same as what the real estate market sees as a valuable upgrade.  I want to share a few things that one would want to avoid adding to a property unnecessarily.

First on my list would be swimming pools. There aren’t many areas of the world where backyard pools are common place. Before adding a pool think about your neighborhood. Do the majority of properties have pools? Would a potential buyer expect there to be a pool? If pools are not common place in your area and/or have a very short season, you likely will not be adding much value to your home, and definitely not as much as the cost to put one in. In fact, Many potential home buyers view swimming pools as dangerous, expensive to maintain, and an insurance-claim waiting to happen. This money is better spent elsewhere as you are not likely to recoup the cost in a sale or appraisal.

Staying basic with landscaping will also save you in the long run. Some buyers and appraisers definitely appreciate good landscaping, but there is a line where elaborate landscaping no longer adds in value to what it costs. Keep in mind that potential buyers may not want to take on the upkeep work of elaborate landscaping and may not want to have to hire a professional landscaper to take care of it.

Trying to steer clear of high end upgrades will also be a wise choice. The cost of a full bathroom remodel could redo the flooring and paint throughout the entire home and this would be looked upon much more favorably by a potential buyer or appraiser in their assessment of value than you just having one high quality room.

Ok guys, hopefully these tips will keep you out of the red when choosing your renovation projects.  Remember working with good real estate comps to get a good deal on HUD properties on the front end, making solid rehab choices during, will result in a great profit in the end.

What Comes With A Property Valuation Report?

What Comes With A Property Valuation ReportA property valuation report is a report that shows the price rate of a particular property. Price rate of a property can also be called the market price of the property. Every property valuation company offers different services when delivering a report. It can be found that certain companies offer you more information rather than the valuation report alone. This will provide you with a lot of other details that one must follow during the buying or selling process.

 

 

What you receive with a Property Valuation Report:

• A list of registered proprietors or owners

• A description of property as per the laws which includes the structure of the land

• Zoning or Resource management

• Valuation includes the market rate of the property

Region:  Basic details and completed description of the property

This is a section in the valuation report where you will find the details of the property that provides a detail of the residential market value and the commercial market value. Other factors that do not affect the final price are ignored altogether.

A detailed description of the improvements:  A description about the improvements in the property valuation report is something that is considered as a very important part in the report. When there is a chance of improvement in the property, there is a large chance for the increase in its value. This is the reason why such details are described in the valuation report in a detailed manner.

It is very important to check the rates of the properties that are similar, and those that are found in the neighborhood.  Remember guys, you make your profit when you buy so do your research and make your mark!

Why I Love The Wholesale Flip

Why I Love The Wholesale Flip
There are ways to get started with real estate comps and real estate investing that allow you to get in with little to no risk or money, and will allow you to learn the business before you ever take a huge money commitment to do so.

Would you like my opinion of the best way to get started in real estate investing to minimize your risk and shorten your learning curve… all the while making nice money in the process?  My answer:  The wholesale flip – or in other words… wholesaling real estate, flipping houses for quick cash, flipping contracts, etc.

When you wholesale real estate you do everything a flipper would normally do… except you don’t actually repair the property and sell it to a retail buyer. But, you don’t have the risk or time commitment that a fix and flipper has.

Basically, you as a wholesale real estate flipper (or wholesaler for short), find properties that need work that you can purchase at a large discount and flip them for a fee to a rehabber who will do the work.

Your job is to find the properties, analyze the numbers to determine the repairs needed, create an offer that enables both you and the rehabber to make a profit, and sell the contract to a rehabber who will actually make the repairs.

Another reason for starting out doing wholesale real estate deals is that you learn the ropes of what it takes to be a rehabber. After analyzing several deals and talking to rehabbers to find out what they look for… you will have a good grasp on what a good deal is, how to accurately estimate repair costs, who the rehabbers use as contractors, etc.

So, you actually make money while you are getting an on-the-job education in real estate flipping and rehabbing!

Monthly Archives: January 2016

Make Room For A Backup Plan

Make Room For A Backup PlanWhen it comes to property investing, making sure the real estate comps are reliable helps to make solid offers.  However, while good investing is very much taking care of business, one must always have a “rainy day”- aka contingency budget – in place. The last thing you want to see is a $0 balance – or even worse, a negative one (if you have an overdraft) – in your bank account.

Any business entrepreneur will tell you, you need to know that there are days that you might experience a loss. The higher the return, the higher the risk. Even though you have accounted for these calculated risks, there are bound to be certain events that you don’t expect to occur or circumstances you didn’t know existed in the first place. It’s the nature of the beast.

So, budgeting is not only paramount, it is the solution. If you have not already done this, please do. The best way to do this is to set aside three (3) month expenses for a contingency account.

Finally guys,  I honestly can’t say it enough….sticking to your budget will help you keep your sanity and bottom line profit within reach.  I wish you the best in your deals and renovations!

Types Of Wholesale Deals

Types of Wholesale DealsKnowing the difference between types of real estate investments is key in making a substantial profit.  Real estate comps give you a foundation to make these deals happen.  Let’s discuss the two main styles:

The fix and flip – Where you buy real estate, rehab it, and sell it to a retail buyer. This is the kind that is on the TV shows.

The wholesale flip – Where you buy real estate (or get it under contract), find a wholesale buyer, and flip the contract. This kind has a ton of money in it…with a heck of a lot less risk.

To me, the fix and flip method is not for most newbie’s…even though that is the kind of real estate investing you see on TV all of the time.

It all boils down to the basics:

  • You need a good understanding of rehab costs
  • You need to have good funding… either from a private lender or a bank (private lender is preferable)
  • You need to be able to float the carrying costs if you can’t sell the property quickly
  • If you don’t calculate your costs just right… there may not be a whole lot of room for error… and room for error means greater risk for you!

Basically, you as a wholesale real estate flipper or investor (or wholesaler for short), find properties that need work that you can purchase at a large discount and flip them for a fee to a rehabber who will do the work.

Your job is to find the properties, analyze the numbers to determine the repairs needed, create an offer that enables both you and the rehabber that you will sell to make a profit, and sell the contract to a rehabber who will actually make the repairs.

Making Profit A Choice

Making Profit A ChoiceEvery property investor knows that real estate comps will help them determine what renovations can improve their home’s value and marketability. The amount of value certain improvements cost may not add as much value as the cost to do it.

Remember, a potential buyer or real estate appraiser may be unimpressed with certain improvements. What you must keep in mind is that what you view as a valuable upgrade may not be the same as what the real estate market sees as a valuable upgrade.  I want to share a few things that one would want to avoid adding to a property unnecessarily.

First on my list would be swimming pools. There aren’t many areas of the world where backyard pools are common place. Before adding a pool think about your neighborhood. Do the majority of properties have pools? Would a potential buyer expect there to be a pool? If pools are not common place in your area and/or have a very short season, you likely will not be adding much value to your home, and definitely not as much as the cost to put one in. In fact, Many potential home buyers view swimming pools as dangerous, expensive to maintain, and an insurance-claim waiting to happen. This money is better spent elsewhere as you are not likely to recoup the cost in a sale or appraisal.

Staying basic with landscaping will also save you in the long run. Some buyers and appraisers definitely appreciate good landscaping, but there is a line where elaborate landscaping no longer adds in value to what it costs. Keep in mind that potential buyers may not want to take on the upkeep work of elaborate landscaping and may not want to have to hire a professional landscaper to take care of it.

Trying to steer clear of high end upgrades will also be a wise choice. The cost of a full bathroom remodel could redo the flooring and paint throughout the entire home and this would be looked upon much more favorably by a potential buyer or appraiser in their assessment of value than you just having one high quality room.

Ok guys, hopefully these tips will keep you out of the red when choosing your renovation projects.  Remember working with good real estate comps to get a good deal on HUD properties on the front end, making solid rehab choices during, will result in a great profit in the end.

What Comes With A Property Valuation Report?

What Comes With A Property Valuation ReportA property valuation report is a report that shows the price rate of a particular property. Price rate of a property can also be called the market price of the property. Every property valuation company offers different services when delivering a report. It can be found that certain companies offer you more information rather than the valuation report alone. This will provide you with a lot of other details that one must follow during the buying or selling process.

 

 

What you receive with a Property Valuation Report:

• A list of registered proprietors or owners

• A description of property as per the laws which includes the structure of the land

• Zoning or Resource management

• Valuation includes the market rate of the property

Region:  Basic details and completed description of the property

This is a section in the valuation report where you will find the details of the property that provides a detail of the residential market value and the commercial market value. Other factors that do not affect the final price are ignored altogether.

A detailed description of the improvements:  A description about the improvements in the property valuation report is something that is considered as a very important part in the report. When there is a chance of improvement in the property, there is a large chance for the increase in its value. This is the reason why such details are described in the valuation report in a detailed manner.

It is very important to check the rates of the properties that are similar, and those that are found in the neighborhood.  Remember guys, you make your profit when you buy so do your research and make your mark!

Why I Love The Wholesale Flip

Why I Love The Wholesale Flip
There are ways to get started with real estate comps and real estate investing that allow you to get in with little to no risk or money, and will allow you to learn the business before you ever take a huge money commitment to do so.

Would you like my opinion of the best way to get started in real estate investing to minimize your risk and shorten your learning curve… all the while making nice money in the process?  My answer:  The wholesale flip – or in other words… wholesaling real estate, flipping houses for quick cash, flipping contracts, etc.

When you wholesale real estate you do everything a flipper would normally do… except you don’t actually repair the property and sell it to a retail buyer. But, you don’t have the risk or time commitment that a fix and flipper has.

Basically, you as a wholesale real estate flipper (or wholesaler for short), find properties that need work that you can purchase at a large discount and flip them for a fee to a rehabber who will do the work.

Your job is to find the properties, analyze the numbers to determine the repairs needed, create an offer that enables both you and the rehabber to make a profit, and sell the contract to a rehabber who will actually make the repairs.

Another reason for starting out doing wholesale real estate deals is that you learn the ropes of what it takes to be a rehabber. After analyzing several deals and talking to rehabbers to find out what they look for… you will have a good grasp on what a good deal is, how to accurately estimate repair costs, who the rehabbers use as contractors, etc.

So, you actually make money while you are getting an on-the-job education in real estate flipping and rehabbing!

Monthly Archives: January 2016

Make Room For A Backup Plan

Make Room For A Backup PlanWhen it comes to property investing, making sure the real estate comps are reliable helps to make solid offers.  However, while good investing is very much taking care of business, one must always have a “rainy day”- aka contingency budget – in place. The last thing you want to see is a $0 balance – or even worse, a negative one (if you have an overdraft) – in your bank account.

Any business entrepreneur will tell you, you need to know that there are days that you might experience a loss. The higher the return, the higher the risk. Even though you have accounted for these calculated risks, there are bound to be certain events that you don’t expect to occur or circumstances you didn’t know existed in the first place. It’s the nature of the beast.

So, budgeting is not only paramount, it is the solution. If you have not already done this, please do. The best way to do this is to set aside three (3) month expenses for a contingency account.

Finally guys,  I honestly can’t say it enough….sticking to your budget will help you keep your sanity and bottom line profit within reach.  I wish you the best in your deals and renovations!

Types Of Wholesale Deals

Types of Wholesale DealsKnowing the difference between types of real estate investments is key in making a substantial profit.  Real estate comps give you a foundation to make these deals happen.  Let’s discuss the two main styles:

The fix and flip – Where you buy real estate, rehab it, and sell it to a retail buyer. This is the kind that is on the TV shows.

The wholesale flip – Where you buy real estate (or get it under contract), find a wholesale buyer, and flip the contract. This kind has a ton of money in it…with a heck of a lot less risk.

To me, the fix and flip method is not for most newbie’s…even though that is the kind of real estate investing you see on TV all of the time.

It all boils down to the basics:

  • You need a good understanding of rehab costs
  • You need to have good funding… either from a private lender or a bank (private lender is preferable)
  • You need to be able to float the carrying costs if you can’t sell the property quickly
  • If you don’t calculate your costs just right… there may not be a whole lot of room for error… and room for error means greater risk for you!

Basically, you as a wholesale real estate flipper or investor (or wholesaler for short), find properties that need work that you can purchase at a large discount and flip them for a fee to a rehabber who will do the work.

Your job is to find the properties, analyze the numbers to determine the repairs needed, create an offer that enables both you and the rehabber that you will sell to make a profit, and sell the contract to a rehabber who will actually make the repairs.

Making Profit A Choice

Making Profit A ChoiceEvery property investor knows that real estate comps will help them determine what renovations can improve their home’s value and marketability. The amount of value certain improvements cost may not add as much value as the cost to do it.

Remember, a potential buyer or real estate appraiser may be unimpressed with certain improvements. What you must keep in mind is that what you view as a valuable upgrade may not be the same as what the real estate market sees as a valuable upgrade.  I want to share a few things that one would want to avoid adding to a property unnecessarily.

First on my list would be swimming pools. There aren’t many areas of the world where backyard pools are common place. Before adding a pool think about your neighborhood. Do the majority of properties have pools? Would a potential buyer expect there to be a pool? If pools are not common place in your area and/or have a very short season, you likely will not be adding much value to your home, and definitely not as much as the cost to put one in. In fact, Many potential home buyers view swimming pools as dangerous, expensive to maintain, and an insurance-claim waiting to happen. This money is better spent elsewhere as you are not likely to recoup the cost in a sale or appraisal.

Staying basic with landscaping will also save you in the long run. Some buyers and appraisers definitely appreciate good landscaping, but there is a line where elaborate landscaping no longer adds in value to what it costs. Keep in mind that potential buyers may not want to take on the upkeep work of elaborate landscaping and may not want to have to hire a professional landscaper to take care of it.

Trying to steer clear of high end upgrades will also be a wise choice. The cost of a full bathroom remodel could redo the flooring and paint throughout the entire home and this would be looked upon much more favorably by a potential buyer or appraiser in their assessment of value than you just having one high quality room.

Ok guys, hopefully these tips will keep you out of the red when choosing your renovation projects.  Remember working with good real estate comps to get a good deal on HUD properties on the front end, making solid rehab choices during, will result in a great profit in the end.

What Comes With A Property Valuation Report?

What Comes With A Property Valuation ReportA property valuation report is a report that shows the price rate of a particular property. Price rate of a property can also be called the market price of the property. Every property valuation company offers different services when delivering a report. It can be found that certain companies offer you more information rather than the valuation report alone. This will provide you with a lot of other details that one must follow during the buying or selling process.

 

 

What you receive with a Property Valuation Report:

• A list of registered proprietors or owners

• A description of property as per the laws which includes the structure of the land

• Zoning or Resource management

• Valuation includes the market rate of the property

Region:  Basic details and completed description of the property

This is a section in the valuation report where you will find the details of the property that provides a detail of the residential market value and the commercial market value. Other factors that do not affect the final price are ignored altogether.

A detailed description of the improvements:  A description about the improvements in the property valuation report is something that is considered as a very important part in the report. When there is a chance of improvement in the property, there is a large chance for the increase in its value. This is the reason why such details are described in the valuation report in a detailed manner.

It is very important to check the rates of the properties that are similar, and those that are found in the neighborhood.  Remember guys, you make your profit when you buy so do your research and make your mark!

Why I Love The Wholesale Flip

Why I Love The Wholesale Flip
There are ways to get started with real estate comps and real estate investing that allow you to get in with little to no risk or money, and will allow you to learn the business before you ever take a huge money commitment to do so.

Would you like my opinion of the best way to get started in real estate investing to minimize your risk and shorten your learning curve… all the while making nice money in the process?  My answer:  The wholesale flip – or in other words… wholesaling real estate, flipping houses for quick cash, flipping contracts, etc.

When you wholesale real estate you do everything a flipper would normally do… except you don’t actually repair the property and sell it to a retail buyer. But, you don’t have the risk or time commitment that a fix and flipper has.

Basically, you as a wholesale real estate flipper (or wholesaler for short), find properties that need work that you can purchase at a large discount and flip them for a fee to a rehabber who will do the work.

Your job is to find the properties, analyze the numbers to determine the repairs needed, create an offer that enables both you and the rehabber to make a profit, and sell the contract to a rehabber who will actually make the repairs.

Another reason for starting out doing wholesale real estate deals is that you learn the ropes of what it takes to be a rehabber. After analyzing several deals and talking to rehabbers to find out what they look for… you will have a good grasp on what a good deal is, how to accurately estimate repair costs, who the rehabbers use as contractors, etc.

So, you actually make money while you are getting an on-the-job education in real estate flipping and rehabbing!

Monthly Archives: January 2016

Make Room For A Backup Plan

Make Room For A Backup PlanWhen it comes to property investing, making sure the real estate comps are reliable helps to make solid offers.  However, while good investing is very much taking care of business, one must always have a “rainy day”- aka contingency budget – in place. The last thing you want to see is a $0 balance – or even worse, a negative one (if you have an overdraft) – in your bank account.

Any business entrepreneur will tell you, you need to know that there are days that you might experience a loss. The higher the return, the higher the risk. Even though you have accounted for these calculated risks, there are bound to be certain events that you don’t expect to occur or circumstances you didn’t know existed in the first place. It’s the nature of the beast.

So, budgeting is not only paramount, it is the solution. If you have not already done this, please do. The best way to do this is to set aside three (3) month expenses for a contingency account.

Finally guys,  I honestly can’t say it enough….sticking to your budget will help you keep your sanity and bottom line profit within reach.  I wish you the best in your deals and renovations!

Types Of Wholesale Deals

Types of Wholesale DealsKnowing the difference between types of real estate investments is key in making a substantial profit.  Real estate comps give you a foundation to make these deals happen.  Let’s discuss the two main styles:

The fix and flip – Where you buy real estate, rehab it, and sell it to a retail buyer. This is the kind that is on the TV shows.

The wholesale flip – Where you buy real estate (or get it under contract), find a wholesale buyer, and flip the contract. This kind has a ton of money in it…with a heck of a lot less risk.

To me, the fix and flip method is not for most newbie’s…even though that is the kind of real estate investing you see on TV all of the time.

It all boils down to the basics:

  • You need a good understanding of rehab costs
  • You need to have good funding… either from a private lender or a bank (private lender is preferable)
  • You need to be able to float the carrying costs if you can’t sell the property quickly
  • If you don’t calculate your costs just right… there may not be a whole lot of room for error… and room for error means greater risk for you!

Basically, you as a wholesale real estate flipper or investor (or wholesaler for short), find properties that need work that you can purchase at a large discount and flip them for a fee to a rehabber who will do the work.

Your job is to find the properties, analyze the numbers to determine the repairs needed, create an offer that enables both you and the rehabber that you will sell to make a profit, and sell the contract to a rehabber who will actually make the repairs.

Making Profit A Choice

Making Profit A ChoiceEvery property investor knows that real estate comps will help them determine what renovations can improve their home’s value and marketability. The amount of value certain improvements cost may not add as much value as the cost to do it.

Remember, a potential buyer or real estate appraiser may be unimpressed with certain improvements. What you must keep in mind is that what you view as a valuable upgrade may not be the same as what the real estate market sees as a valuable upgrade.  I want to share a few things that one would want to avoid adding to a property unnecessarily.

First on my list would be swimming pools. There aren’t many areas of the world where backyard pools are common place. Before adding a pool think about your neighborhood. Do the majority of properties have pools? Would a potential buyer expect there to be a pool? If pools are not common place in your area and/or have a very short season, you likely will not be adding much value to your home, and definitely not as much as the cost to put one in. In fact, Many potential home buyers view swimming pools as dangerous, expensive to maintain, and an insurance-claim waiting to happen. This money is better spent elsewhere as you are not likely to recoup the cost in a sale or appraisal.

Staying basic with landscaping will also save you in the long run. Some buyers and appraisers definitely appreciate good landscaping, but there is a line where elaborate landscaping no longer adds in value to what it costs. Keep in mind that potential buyers may not want to take on the upkeep work of elaborate landscaping and may not want to have to hire a professional landscaper to take care of it.

Trying to steer clear of high end upgrades will also be a wise choice. The cost of a full bathroom remodel could redo the flooring and paint throughout the entire home and this would be looked upon much more favorably by a potential buyer or appraiser in their assessment of value than you just having one high quality room.

Ok guys, hopefully these tips will keep you out of the red when choosing your renovation projects.  Remember working with good real estate comps to get a good deal on HUD properties on the front end, making solid rehab choices during, will result in a great profit in the end.

What Comes With A Property Valuation Report?

What Comes With A Property Valuation ReportA property valuation report is a report that shows the price rate of a particular property. Price rate of a property can also be called the market price of the property. Every property valuation company offers different services when delivering a report. It can be found that certain companies offer you more information rather than the valuation report alone. This will provide you with a lot of other details that one must follow during the buying or selling process.

 

 

What you receive with a Property Valuation Report:

• A list of registered proprietors or owners

• A description of property as per the laws which includes the structure of the land

• Zoning or Resource management

• Valuation includes the market rate of the property

Region:  Basic details and completed description of the property

This is a section in the valuation report where you will find the details of the property that provides a detail of the residential market value and the commercial market value. Other factors that do not affect the final price are ignored altogether.

A detailed description of the improvements:  A description about the improvements in the property valuation report is something that is considered as a very important part in the report. When there is a chance of improvement in the property, there is a large chance for the increase in its value. This is the reason why such details are described in the valuation report in a detailed manner.

It is very important to check the rates of the properties that are similar, and those that are found in the neighborhood.  Remember guys, you make your profit when you buy so do your research and make your mark!

Why I Love The Wholesale Flip

Why I Love The Wholesale Flip
There are ways to get started with real estate comps and real estate investing that allow you to get in with little to no risk or money, and will allow you to learn the business before you ever take a huge money commitment to do so.

Would you like my opinion of the best way to get started in real estate investing to minimize your risk and shorten your learning curve… all the while making nice money in the process?  My answer:  The wholesale flip – or in other words… wholesaling real estate, flipping houses for quick cash, flipping contracts, etc.

When you wholesale real estate you do everything a flipper would normally do… except you don’t actually repair the property and sell it to a retail buyer. But, you don’t have the risk or time commitment that a fix and flipper has.

Basically, you as a wholesale real estate flipper (or wholesaler for short), find properties that need work that you can purchase at a large discount and flip them for a fee to a rehabber who will do the work.

Your job is to find the properties, analyze the numbers to determine the repairs needed, create an offer that enables both you and the rehabber to make a profit, and sell the contract to a rehabber who will actually make the repairs.

Another reason for starting out doing wholesale real estate deals is that you learn the ropes of what it takes to be a rehabber. After analyzing several deals and talking to rehabbers to find out what they look for… you will have a good grasp on what a good deal is, how to accurately estimate repair costs, who the rehabbers use as contractors, etc.

So, you actually make money while you are getting an on-the-job education in real estate flipping and rehabbing!

Monthly Archives: January 2016

Make Room For A Backup Plan

Make Room For A Backup PlanWhen it comes to property investing, making sure the real estate comps are reliable helps to make solid offers.  However, while good investing is very much taking care of business, one must always have a “rainy day”- aka contingency budget – in place. The last thing you want to see is a $0 balance – or even worse, a negative one (if you have an overdraft) – in your bank account.

Any business entrepreneur will tell you, you need to know that there are days that you might experience a loss. The higher the return, the higher the risk. Even though you have accounted for these calculated risks, there are bound to be certain events that you don’t expect to occur or circumstances you didn’t know existed in the first place. It’s the nature of the beast.

So, budgeting is not only paramount, it is the solution. If you have not already done this, please do. The best way to do this is to set aside three (3) month expenses for a contingency account.

Finally guys,  I honestly can’t say it enough….sticking to your budget will help you keep your sanity and bottom line profit within reach.  I wish you the best in your deals and renovations!

Types Of Wholesale Deals

Types of Wholesale DealsKnowing the difference between types of real estate investments is key in making a substantial profit.  Real estate comps give you a foundation to make these deals happen.  Let’s discuss the two main styles:

The fix and flip – Where you buy real estate, rehab it, and sell it to a retail buyer. This is the kind that is on the TV shows.

The wholesale flip – Where you buy real estate (or get it under contract), find a wholesale buyer, and flip the contract. This kind has a ton of money in it…with a heck of a lot less risk.

To me, the fix and flip method is not for most newbie’s…even though that is the kind of real estate investing you see on TV all of the time.

It all boils down to the basics:

  • You need a good understanding of rehab costs
  • You need to have good funding… either from a private lender or a bank (private lender is preferable)
  • You need to be able to float the carrying costs if you can’t sell the property quickly
  • If you don’t calculate your costs just right… there may not be a whole lot of room for error… and room for error means greater risk for you!

Basically, you as a wholesale real estate flipper or investor (or wholesaler for short), find properties that need work that you can purchase at a large discount and flip them for a fee to a rehabber who will do the work.

Your job is to find the properties, analyze the numbers to determine the repairs needed, create an offer that enables both you and the rehabber that you will sell to make a profit, and sell the contract to a rehabber who will actually make the repairs.

Making Profit A Choice

Making Profit A ChoiceEvery property investor knows that real estate comps will help them determine what renovations can improve their home’s value and marketability. The amount of value certain improvements cost may not add as much value as the cost to do it.

Remember, a potential buyer or real estate appraiser may be unimpressed with certain improvements. What you must keep in mind is that what you view as a valuable upgrade may not be the same as what the real estate market sees as a valuable upgrade.  I want to share a few things that one would want to avoid adding to a property unnecessarily.

First on my list would be swimming pools. There aren’t many areas of the world where backyard pools are common place. Before adding a pool think about your neighborhood. Do the majority of properties have pools? Would a potential buyer expect there to be a pool? If pools are not common place in your area and/or have a very short season, you likely will not be adding much value to your home, and definitely not as much as the cost to put one in. In fact, Many potential home buyers view swimming pools as dangerous, expensive to maintain, and an insurance-claim waiting to happen. This money is better spent elsewhere as you are not likely to recoup the cost in a sale or appraisal.

Staying basic with landscaping will also save you in the long run. Some buyers and appraisers definitely appreciate good landscaping, but there is a line where elaborate landscaping no longer adds in value to what it costs. Keep in mind that potential buyers may not want to take on the upkeep work of elaborate landscaping and may not want to have to hire a professional landscaper to take care of it.

Trying to steer clear of high end upgrades will also be a wise choice. The cost of a full bathroom remodel could redo the flooring and paint throughout the entire home and this would be looked upon much more favorably by a potential buyer or appraiser in their assessment of value than you just having one high quality room.

Ok guys, hopefully these tips will keep you out of the red when choosing your renovation projects.  Remember working with good real estate comps to get a good deal on HUD properties on the front end, making solid rehab choices during, will result in a great profit in the end.

What Comes With A Property Valuation Report?

What Comes With A Property Valuation ReportA property valuation report is a report that shows the price rate of a particular property. Price rate of a property can also be called the market price of the property. Every property valuation company offers different services when delivering a report. It can be found that certain companies offer you more information rather than the valuation report alone. This will provide you with a lot of other details that one must follow during the buying or selling process.

 

 

What you receive with a Property Valuation Report:

• A list of registered proprietors or owners

• A description of property as per the laws which includes the structure of the land

• Zoning or Resource management

• Valuation includes the market rate of the property

Region:  Basic details and completed description of the property

This is a section in the valuation report where you will find the details of the property that provides a detail of the residential market value and the commercial market value. Other factors that do not affect the final price are ignored altogether.

A detailed description of the improvements:  A description about the improvements in the property valuation report is something that is considered as a very important part in the report. When there is a chance of improvement in the property, there is a large chance for the increase in its value. This is the reason why such details are described in the valuation report in a detailed manner.

It is very important to check the rates of the properties that are similar, and those that are found in the neighborhood.  Remember guys, you make your profit when you buy so do your research and make your mark!

Why I Love The Wholesale Flip

Why I Love The Wholesale Flip
There are ways to get started with real estate comps and real estate investing that allow you to get in with little to no risk or money, and will allow you to learn the business before you ever take a huge money commitment to do so.

Would you like my opinion of the best way to get started in real estate investing to minimize your risk and shorten your learning curve… all the while making nice money in the process?  My answer:  The wholesale flip – or in other words… wholesaling real estate, flipping houses for quick cash, flipping contracts, etc.

When you wholesale real estate you do everything a flipper would normally do… except you don’t actually repair the property and sell it to a retail buyer. But, you don’t have the risk or time commitment that a fix and flipper has.

Basically, you as a wholesale real estate flipper (or wholesaler for short), find properties that need work that you can purchase at a large discount and flip them for a fee to a rehabber who will do the work.

Your job is to find the properties, analyze the numbers to determine the repairs needed, create an offer that enables both you and the rehabber to make a profit, and sell the contract to a rehabber who will actually make the repairs.

Another reason for starting out doing wholesale real estate deals is that you learn the ropes of what it takes to be a rehabber. After analyzing several deals and talking to rehabbers to find out what they look for… you will have a good grasp on what a good deal is, how to accurately estimate repair costs, who the rehabbers use as contractors, etc.

So, you actually make money while you are getting an on-the-job education in real estate flipping and rehabbing!

Monthly Archives: January 2016

Make Room For A Backup Plan

Make Room For A Backup PlanWhen it comes to property investing, making sure the real estate comps are reliable helps to make solid offers.  However, while good investing is very much taking care of business, one must always have a “rainy day”- aka contingency budget – in place. The last thing you want to see is a $0 balance – or even worse, a negative one (if you have an overdraft) – in your bank account.

Any business entrepreneur will tell you, you need to know that there are days that you might experience a loss. The higher the return, the higher the risk. Even though you have accounted for these calculated risks, there are bound to be certain events that you don’t expect to occur or circumstances you didn’t know existed in the first place. It’s the nature of the beast.

So, budgeting is not only paramount, it is the solution. If you have not already done this, please do. The best way to do this is to set aside three (3) month expenses for a contingency account.

Finally guys,  I honestly can’t say it enough….sticking to your budget will help you keep your sanity and bottom line profit within reach.  I wish you the best in your deals and renovations!

Types Of Wholesale Deals

Types of Wholesale DealsKnowing the difference between types of real estate investments is key in making a substantial profit.  Real estate comps give you a foundation to make these deals happen.  Let’s discuss the two main styles:

The fix and flip – Where you buy real estate, rehab it, and sell it to a retail buyer. This is the kind that is on the TV shows.

The wholesale flip – Where you buy real estate (or get it under contract), find a wholesale buyer, and flip the contract. This kind has a ton of money in it…with a heck of a lot less risk.

To me, the fix and flip method is not for most newbie’s…even though that is the kind of real estate investing you see on TV all of the time.

It all boils down to the basics:

  • You need a good understanding of rehab costs
  • You need to have good funding… either from a private lender or a bank (private lender is preferable)
  • You need to be able to float the carrying costs if you can’t sell the property quickly
  • If you don’t calculate your costs just right… there may not be a whole lot of room for error… and room for error means greater risk for you!

Basically, you as a wholesale real estate flipper or investor (or wholesaler for short), find properties that need work that you can purchase at a large discount and flip them for a fee to a rehabber who will do the work.

Your job is to find the properties, analyze the numbers to determine the repairs needed, create an offer that enables both you and the rehabber that you will sell to make a profit, and sell the contract to a rehabber who will actually make the repairs.

Making Profit A Choice

Making Profit A ChoiceEvery property investor knows that real estate comps will help them determine what renovations can improve their home’s value and marketability. The amount of value certain improvements cost may not add as much value as the cost to do it.

Remember, a potential buyer or real estate appraiser may be unimpressed with certain improvements. What you must keep in mind is that what you view as a valuable upgrade may not be the same as what the real estate market sees as a valuable upgrade.  I want to share a few things that one would want to avoid adding to a property unnecessarily.

First on my list would be swimming pools. There aren’t many areas of the world where backyard pools are common place. Before adding a pool think about your neighborhood. Do the majority of properties have pools? Would a potential buyer expect there to be a pool? If pools are not common place in your area and/or have a very short season, you likely will not be adding much value to your home, and definitely not as much as the cost to put one in. In fact, Many potential home buyers view swimming pools as dangerous, expensive to maintain, and an insurance-claim waiting to happen. This money is better spent elsewhere as you are not likely to recoup the cost in a sale or appraisal.

Staying basic with landscaping will also save you in the long run. Some buyers and appraisers definitely appreciate good landscaping, but there is a line where elaborate landscaping no longer adds in value to what it costs. Keep in mind that potential buyers may not want to take on the upkeep work of elaborate landscaping and may not want to have to hire a professional landscaper to take care of it.

Trying to steer clear of high end upgrades will also be a wise choice. The cost of a full bathroom remodel could redo the flooring and paint throughout the entire home and this would be looked upon much more favorably by a potential buyer or appraiser in their assessment of value than you just having one high quality room.

Ok guys, hopefully these tips will keep you out of the red when choosing your renovation projects.  Remember working with good real estate comps to get a good deal on HUD properties on the front end, making solid rehab choices during, will result in a great profit in the end.

What Comes With A Property Valuation Report?

What Comes With A Property Valuation ReportA property valuation report is a report that shows the price rate of a particular property. Price rate of a property can also be called the market price of the property. Every property valuation company offers different services when delivering a report. It can be found that certain companies offer you more information rather than the valuation report alone. This will provide you with a lot of other details that one must follow during the buying or selling process.

 

 

What you receive with a Property Valuation Report:

• A list of registered proprietors or owners

• A description of property as per the laws which includes the structure of the land

• Zoning or Resource management

• Valuation includes the market rate of the property

Region:  Basic details and completed description of the property

This is a section in the valuation report where you will find the details of the property that provides a detail of the residential market value and the commercial market value. Other factors that do not affect the final price are ignored altogether.

A detailed description of the improvements:  A description about the improvements in the property valuation report is something that is considered as a very important part in the report. When there is a chance of improvement in the property, there is a large chance for the increase in its value. This is the reason why such details are described in the valuation report in a detailed manner.

It is very important to check the rates of the properties that are similar, and those that are found in the neighborhood.  Remember guys, you make your profit when you buy so do your research and make your mark!

Why I Love The Wholesale Flip

Why I Love The Wholesale Flip
There are ways to get started with real estate comps and real estate investing that allow you to get in with little to no risk or money, and will allow you to learn the business before you ever take a huge money commitment to do so.

Would you like my opinion of the best way to get started in real estate investing to minimize your risk and shorten your learning curve… all the while making nice money in the process?  My answer:  The wholesale flip – or in other words… wholesaling real estate, flipping houses for quick cash, flipping contracts, etc.

When you wholesale real estate you do everything a flipper would normally do… except you don’t actually repair the property and sell it to a retail buyer. But, you don’t have the risk or time commitment that a fix and flipper has.

Basically, you as a wholesale real estate flipper (or wholesaler for short), find properties that need work that you can purchase at a large discount and flip them for a fee to a rehabber who will do the work.

Your job is to find the properties, analyze the numbers to determine the repairs needed, create an offer that enables both you and the rehabber to make a profit, and sell the contract to a rehabber who will actually make the repairs.

Another reason for starting out doing wholesale real estate deals is that you learn the ropes of what it takes to be a rehabber. After analyzing several deals and talking to rehabbers to find out what they look for… you will have a good grasp on what a good deal is, how to accurately estimate repair costs, who the rehabbers use as contractors, etc.

So, you actually make money while you are getting an on-the-job education in real estate flipping and rehabbing!

Monthly Archives: January 2016

Make Room For A Backup Plan

Make Room For A Backup PlanWhen it comes to property investing, making sure the real estate comps are reliable helps to make solid offers.  However, while good investing is very much taking care of business, one must always have a “rainy day”- aka contingency budget – in place. The last thing you want to see is a $0 balance – or even worse, a negative one (if you have an overdraft) – in your bank account.

Any business entrepreneur will tell you, you need to know that there are days that you might experience a loss. The higher the return, the higher the risk. Even though you have accounted for these calculated risks, there are bound to be certain events that you don’t expect to occur or circumstances you didn’t know existed in the first place. It’s the nature of the beast.

So, budgeting is not only paramount, it is the solution. If you have not already done this, please do. The best way to do this is to set aside three (3) month expenses for a contingency account.

Finally guys,  I honestly can’t say it enough….sticking to your budget will help you keep your sanity and bottom line profit within reach.  I wish you the best in your deals and renovations!

Types Of Wholesale Deals

Types of Wholesale DealsKnowing the difference between types of real estate investments is key in making a substantial profit.  Real estate comps give you a foundation to make these deals happen.  Let’s discuss the two main styles:

The fix and flip – Where you buy real estate, rehab it, and sell it to a retail buyer. This is the kind that is on the TV shows.

The wholesale flip – Where you buy real estate (or get it under contract), find a wholesale buyer, and flip the contract. This kind has a ton of money in it…with a heck of a lot less risk.

To me, the fix and flip method is not for most newbie’s…even though that is the kind of real estate investing you see on TV all of the time.

It all boils down to the basics:

  • You need a good understanding of rehab costs
  • You need to have good funding… either from a private lender or a bank (private lender is preferable)
  • You need to be able to float the carrying costs if you can’t sell the property quickly
  • If you don’t calculate your costs just right… there may not be a whole lot of room for error… and room for error means greater risk for you!

Basically, you as a wholesale real estate flipper or investor (or wholesaler for short), find properties that need work that you can purchase at a large discount and flip them for a fee to a rehabber who will do the work.

Your job is to find the properties, analyze the numbers to determine the repairs needed, create an offer that enables both you and the rehabber that you will sell to make a profit, and sell the contract to a rehabber who will actually make the repairs.

Making Profit A Choice

Making Profit A ChoiceEvery property investor knows that real estate comps will help them determine what renovations can improve their home’s value and marketability. The amount of value certain improvements cost may not add as much value as the cost to do it.

Remember, a potential buyer or real estate appraiser may be unimpressed with certain improvements. What you must keep in mind is that what you view as a valuable upgrade may not be the same as what the real estate market sees as a valuable upgrade.  I want to share a few things that one would want to avoid adding to a property unnecessarily.

First on my list would be swimming pools. There aren’t many areas of the world where backyard pools are common place. Before adding a pool think about your neighborhood. Do the majority of properties have pools? Would a potential buyer expect there to be a pool? If pools are not common place in your area and/or have a very short season, you likely will not be adding much value to your home, and definitely not as much as the cost to put one in. In fact, Many potential home buyers view swimming pools as dangerous, expensive to maintain, and an insurance-claim waiting to happen. This money is better spent elsewhere as you are not likely to recoup the cost in a sale or appraisal.

Staying basic with landscaping will also save you in the long run. Some buyers and appraisers definitely appreciate good landscaping, but there is a line where elaborate landscaping no longer adds in value to what it costs. Keep in mind that potential buyers may not want to take on the upkeep work of elaborate landscaping and may not want to have to hire a professional landscaper to take care of it.

Trying to steer clear of high end upgrades will also be a wise choice. The cost of a full bathroom remodel could redo the flooring and paint throughout the entire home and this would be looked upon much more favorably by a potential buyer or appraiser in their assessment of value than you just having one high quality room.

Ok guys, hopefully these tips will keep you out of the red when choosing your renovation projects.  Remember working with good real estate comps to get a good deal on HUD properties on the front end, making solid rehab choices during, will result in a great profit in the end.

What Comes With A Property Valuation Report?

What Comes With A Property Valuation ReportA property valuation report is a report that shows the price rate of a particular property. Price rate of a property can also be called the market price of the property. Every property valuation company offers different services when delivering a report. It can be found that certain companies offer you more information rather than the valuation report alone. This will provide you with a lot of other details that one must follow during the buying or selling process.

 

 

What you receive with a Property Valuation Report:

• A list of registered proprietors or owners

• A description of property as per the laws which includes the structure of the land

• Zoning or Resource management

• Valuation includes the market rate of the property

Region:  Basic details and completed description of the property

This is a section in the valuation report where you will find the details of the property that provides a detail of the residential market value and the commercial market value. Other factors that do not affect the final price are ignored altogether.

A detailed description of the improvements:  A description about the improvements in the property valuation report is something that is considered as a very important part in the report. When there is a chance of improvement in the property, there is a large chance for the increase in its value. This is the reason why such details are described in the valuation report in a detailed manner.

It is very important to check the rates of the properties that are similar, and those that are found in the neighborhood.  Remember guys, you make your profit when you buy so do your research and make your mark!

Why I Love The Wholesale Flip

Why I Love The Wholesale Flip
There are ways to get started with real estate comps and real estate investing that allow you to get in with little to no risk or money, and will allow you to learn the business before you ever take a huge money commitment to do so.

Would you like my opinion of the best way to get started in real estate investing to minimize your risk and shorten your learning curve… all the while making nice money in the process?  My answer:  The wholesale flip – or in other words… wholesaling real estate, flipping houses for quick cash, flipping contracts, etc.

When you wholesale real estate you do everything a flipper would normally do… except you don’t actually repair the property and sell it to a retail buyer. But, you don’t have the risk or time commitment that a fix and flipper has.

Basically, you as a wholesale real estate flipper (or wholesaler for short), find properties that need work that you can purchase at a large discount and flip them for a fee to a rehabber who will do the work.

Your job is to find the properties, analyze the numbers to determine the repairs needed, create an offer that enables both you and the rehabber to make a profit, and sell the contract to a rehabber who will actually make the repairs.

Another reason for starting out doing wholesale real estate deals is that you learn the ropes of what it takes to be a rehabber. After analyzing several deals and talking to rehabbers to find out what they look for… you will have a good grasp on what a good deal is, how to accurately estimate repair costs, who the rehabbers use as contractors, etc.

So, you actually make money while you are getting an on-the-job education in real estate flipping and rehabbing!

Monthly Archives: January 2016

Make Room For A Backup Plan

Make Room For A Backup PlanWhen it comes to property investing, making sure the real estate comps are reliable helps to make solid offers.  However, while good investing is very much taking care of business, one must always have a “rainy day”- aka contingency budget – in place. The last thing you want to see is a $0 balance – or even worse, a negative one (if you have an overdraft) – in your bank account.

Any business entrepreneur will tell you, you need to know that there are days that you might experience a loss. The higher the return, the higher the risk. Even though you have accounted for these calculated risks, there are bound to be certain events that you don’t expect to occur or circumstances you didn’t know existed in the first place. It’s the nature of the beast.

So, budgeting is not only paramount, it is the solution. If you have not already done this, please do. The best way to do this is to set aside three (3) month expenses for a contingency account.

Finally guys,  I honestly can’t say it enough….sticking to your budget will help you keep your sanity and bottom line profit within reach.  I wish you the best in your deals and renovations!

Types Of Wholesale Deals

Types of Wholesale DealsKnowing the difference between types of real estate investments is key in making a substantial profit.  Real estate comps give you a foundation to make these deals happen.  Let’s discuss the two main styles:

The fix and flip – Where you buy real estate, rehab it, and sell it to a retail buyer. This is the kind that is on the TV shows.

The wholesale flip – Where you buy real estate (or get it under contract), find a wholesale buyer, and flip the contract. This kind has a ton of money in it…with a heck of a lot less risk.

To me, the fix and flip method is not for most newbie’s…even though that is the kind of real estate investing you see on TV all of the time.

It all boils down to the basics:

  • You need a good understanding of rehab costs
  • You need to have good funding… either from a private lender or a bank (private lender is preferable)
  • You need to be able to float the carrying costs if you can’t sell the property quickly
  • If you don’t calculate your costs just right… there may not be a whole lot of room for error… and room for error means greater risk for you!

Basically, you as a wholesale real estate flipper or investor (or wholesaler for short), find properties that need work that you can purchase at a large discount and flip them for a fee to a rehabber who will do the work.

Your job is to find the properties, analyze the numbers to determine the repairs needed, create an offer that enables both you and the rehabber that you will sell to make a profit, and sell the contract to a rehabber who will actually make the repairs.

Making Profit A Choice

Making Profit A ChoiceEvery property investor knows that real estate comps will help them determine what renovations can improve their home’s value and marketability. The amount of value certain improvements cost may not add as much value as the cost to do it.

Remember, a potential buyer or real estate appraiser may be unimpressed with certain improvements. What you must keep in mind is that what you view as a valuable upgrade may not be the same as what the real estate market sees as a valuable upgrade.  I want to share a few things that one would want to avoid adding to a property unnecessarily.

First on my list would be swimming pools. There aren’t many areas of the world where backyard pools are common place. Before adding a pool think about your neighborhood. Do the majority of properties have pools? Would a potential buyer expect there to be a pool? If pools are not common place in your area and/or have a very short season, you likely will not be adding much value to your home, and definitely not as much as the cost to put one in. In fact, Many potential home buyers view swimming pools as dangerous, expensive to maintain, and an insurance-claim waiting to happen. This money is better spent elsewhere as you are not likely to recoup the cost in a sale or appraisal.

Staying basic with landscaping will also save you in the long run. Some buyers and appraisers definitely appreciate good landscaping, but there is a line where elaborate landscaping no longer adds in value to what it costs. Keep in mind that potential buyers may not want to take on the upkeep work of elaborate landscaping and may not want to have to hire a professional landscaper to take care of it.

Trying to steer clear of high end upgrades will also be a wise choice. The cost of a full bathroom remodel could redo the flooring and paint throughout the entire home and this would be looked upon much more favorably by a potential buyer or appraiser in their assessment of value than you just having one high quality room.

Ok guys, hopefully these tips will keep you out of the red when choosing your renovation projects.  Remember working with good real estate comps to get a good deal on HUD properties on the front end, making solid rehab choices during, will result in a great profit in the end.

What Comes With A Property Valuation Report?

What Comes With A Property Valuation ReportA property valuation report is a report that shows the price rate of a particular property. Price rate of a property can also be called the market price of the property. Every property valuation company offers different services when delivering a report. It can be found that certain companies offer you more information rather than the valuation report alone. This will provide you with a lot of other details that one must follow during the buying or selling process.

 

 

What you receive with a Property Valuation Report:

• A list of registered proprietors or owners

• A description of property as per the laws which includes the structure of the land

• Zoning or Resource management

• Valuation includes the market rate of the property

Region:  Basic details and completed description of the property

This is a section in the valuation report where you will find the details of the property that provides a detail of the residential market value and the commercial market value. Other factors that do not affect the final price are ignored altogether.

A detailed description of the improvements:  A description about the improvements in the property valuation report is something that is considered as a very important part in the report. When there is a chance of improvement in the property, there is a large chance for the increase in its value. This is the reason why such details are described in the valuation report in a detailed manner.

It is very important to check the rates of the properties that are similar, and those that are found in the neighborhood.  Remember guys, you make your profit when you buy so do your research and make your mark!

Why I Love The Wholesale Flip

Why I Love The Wholesale Flip
There are ways to get started with real estate comps and real estate investing that allow you to get in with little to no risk or money, and will allow you to learn the business before you ever take a huge money commitment to do so.

Would you like my opinion of the best way to get started in real estate investing to minimize your risk and shorten your learning curve… all the while making nice money in the process?  My answer:  The wholesale flip – or in other words… wholesaling real estate, flipping houses for quick cash, flipping contracts, etc.

When you wholesale real estate you do everything a flipper would normally do… except you don’t actually repair the property and sell it to a retail buyer. But, you don’t have the risk or time commitment that a fix and flipper has.

Basically, you as a wholesale real estate flipper (or wholesaler for short), find properties that need work that you can purchase at a large discount and flip them for a fee to a rehabber who will do the work.

Your job is to find the properties, analyze the numbers to determine the repairs needed, create an offer that enables both you and the rehabber to make a profit, and sell the contract to a rehabber who will actually make the repairs.

Another reason for starting out doing wholesale real estate deals is that you learn the ropes of what it takes to be a rehabber. After analyzing several deals and talking to rehabbers to find out what they look for… you will have a good grasp on what a good deal is, how to accurately estimate repair costs, who the rehabbers use as contractors, etc.

So, you actually make money while you are getting an on-the-job education in real estate flipping and rehabbing!

Monthly Archives: January 2016

Make Room For A Backup Plan

Make Room For A Backup PlanWhen it comes to property investing, making sure the real estate comps are reliable helps to make solid offers.  However, while good investing is very much taking care of business, one must always have a “rainy day”- aka contingency budget – in place. The last thing you want to see is a $0 balance – or even worse, a negative one (if you have an overdraft) – in your bank account.

Any business entrepreneur will tell you, you need to know that there are days that you might experience a loss. The higher the return, the higher the risk. Even though you have accounted for these calculated risks, there are bound to be certain events that you don’t expect to occur or circumstances you didn’t know existed in the first place. It’s the nature of the beast.

So, budgeting is not only paramount, it is the solution. If you have not already done this, please do. The best way to do this is to set aside three (3) month expenses for a contingency account.

Finally guys,  I honestly can’t say it enough….sticking to your budget will help you keep your sanity and bottom line profit within reach.  I wish you the best in your deals and renovations!

Types Of Wholesale Deals

Types of Wholesale DealsKnowing the difference between types of real estate investments is key in making a substantial profit.  Real estate comps give you a foundation to make these deals happen.  Let’s discuss the two main styles:

The fix and flip – Where you buy real estate, rehab it, and sell it to a retail buyer. This is the kind that is on the TV shows.

The wholesale flip – Where you buy real estate (or get it under contract), find a wholesale buyer, and flip the contract. This kind has a ton of money in it…with a heck of a lot less risk.

To me, the fix and flip method is not for most newbie’s…even though that is the kind of real estate investing you see on TV all of the time.

It all boils down to the basics:

  • You need a good understanding of rehab costs
  • You need to have good funding… either from a private lender or a bank (private lender is preferable)
  • You need to be able to float the carrying costs if you can’t sell the property quickly
  • If you don’t calculate your costs just right… there may not be a whole lot of room for error… and room for error means greater risk for you!

Basically, you as a wholesale real estate flipper or investor (or wholesaler for short), find properties that need work that you can purchase at a large discount and flip them for a fee to a rehabber who will do the work.

Your job is to find the properties, analyze the numbers to determine the repairs needed, create an offer that enables both you and the rehabber that you will sell to make a profit, and sell the contract to a rehabber who will actually make the repairs.

Making Profit A Choice

Making Profit A ChoiceEvery property investor knows that real estate comps will help them determine what renovations can improve their home’s value and marketability. The amount of value certain improvements cost may not add as much value as the cost to do it.

Remember, a potential buyer or real estate appraiser may be unimpressed with certain improvements. What you must keep in mind is that what you view as a valuable upgrade may not be the same as what the real estate market sees as a valuable upgrade.  I want to share a few things that one would want to avoid adding to a property unnecessarily.

First on my list would be swimming pools. There aren’t many areas of the world where backyard pools are common place. Before adding a pool think about your neighborhood. Do the majority of properties have pools? Would a potential buyer expect there to be a pool? If pools are not common place in your area and/or have a very short season, you likely will not be adding much value to your home, and definitely not as much as the cost to put one in. In fact, Many potential home buyers view swimming pools as dangerous, expensive to maintain, and an insurance-claim waiting to happen. This money is better spent elsewhere as you are not likely to recoup the cost in a sale or appraisal.

Staying basic with landscaping will also save you in the long run. Some buyers and appraisers definitely appreciate good landscaping, but there is a line where elaborate landscaping no longer adds in value to what it costs. Keep in mind that potential buyers may not want to take on the upkeep work of elaborate landscaping and may not want to have to hire a professional landscaper to take care of it.

Trying to steer clear of high end upgrades will also be a wise choice. The cost of a full bathroom remodel could redo the flooring and paint throughout the entire home and this would be looked upon much more favorably by a potential buyer or appraiser in their assessment of value than you just having one high quality room.

Ok guys, hopefully these tips will keep you out of the red when choosing your renovation projects.  Remember working with good real estate comps to get a good deal on HUD properties on the front end, making solid rehab choices during, will result in a great profit in the end.

What Comes With A Property Valuation Report?

What Comes With A Property Valuation ReportA property valuation report is a report that shows the price rate of a particular property. Price rate of a property can also be called the market price of the property. Every property valuation company offers different services when delivering a report. It can be found that certain companies offer you more information rather than the valuation report alone. This will provide you with a lot of other details that one must follow during the buying or selling process.

 

 

What you receive with a Property Valuation Report:

• A list of registered proprietors or owners

• A description of property as per the laws which includes the structure of the land

• Zoning or Resource management

• Valuation includes the market rate of the property

Region:  Basic details and completed description of the property

This is a section in the valuation report where you will find the details of the property that provides a detail of the residential market value and the commercial market value. Other factors that do not affect the final price are ignored altogether.

A detailed description of the improvements:  A description about the improvements in the property valuation report is something that is considered as a very important part in the report. When there is a chance of improvement in the property, there is a large chance for the increase in its value. This is the reason why such details are described in the valuation report in a detailed manner.

It is very important to check the rates of the properties that are similar, and those that are found in the neighborhood.  Remember guys, you make your profit when you buy so do your research and make your mark!

Why I Love The Wholesale Flip

Why I Love The Wholesale Flip
There are ways to get started with real estate comps and real estate investing that allow you to get in with little to no risk or money, and will allow you to learn the business before you ever take a huge money commitment to do so.

Would you like my opinion of the best way to get started in real estate investing to minimize your risk and shorten your learning curve… all the while making nice money in the process?  My answer:  The wholesale flip – or in other words… wholesaling real estate, flipping houses for quick cash, flipping contracts, etc.

When you wholesale real estate you do everything a flipper would normally do… except you don’t actually repair the property and sell it to a retail buyer. But, you don’t have the risk or time commitment that a fix and flipper has.

Basically, you as a wholesale real estate flipper (or wholesaler for short), find properties that need work that you can purchase at a large discount and flip them for a fee to a rehabber who will do the work.

Your job is to find the properties, analyze the numbers to determine the repairs needed, create an offer that enables both you and the rehabber to make a profit, and sell the contract to a rehabber who will actually make the repairs.

Another reason for starting out doing wholesale real estate deals is that you learn the ropes of what it takes to be a rehabber. After analyzing several deals and talking to rehabbers to find out what they look for… you will have a good grasp on what a good deal is, how to accurately estimate repair costs, who the rehabbers use as contractors, etc.

So, you actually make money while you are getting an on-the-job education in real estate flipping and rehabbing!

Monthly Archives: January 2016

Make Room For A Backup Plan

Make Room For A Backup PlanWhen it comes to property investing, making sure the real estate comps are reliable helps to make solid offers.  However, while good investing is very much taking care of business, one must always have a “rainy day”- aka contingency budget – in place. The last thing you want to see is a $0 balance – or even worse, a negative one (if you have an overdraft) – in your bank account.

Any business entrepreneur will tell you, you need to know that there are days that you might experience a loss. The higher the return, the higher the risk. Even though you have accounted for these calculated risks, there are bound to be certain events that you don’t expect to occur or circumstances you didn’t know existed in the first place. It’s the nature of the beast.

So, budgeting is not only paramount, it is the solution. If you have not already done this, please do. The best way to do this is to set aside three (3) month expenses for a contingency account.

Finally guys,  I honestly can’t say it enough….sticking to your budget will help you keep your sanity and bottom line profit within reach.  I wish you the best in your deals and renovations!

Types Of Wholesale Deals

Types of Wholesale DealsKnowing the difference between types of real estate investments is key in making a substantial profit.  Real estate comps give you a foundation to make these deals happen.  Let’s discuss the two main styles:

The fix and flip – Where you buy real estate, rehab it, and sell it to a retail buyer. This is the kind that is on the TV shows.

The wholesale flip – Where you buy real estate (or get it under contract), find a wholesale buyer, and flip the contract. This kind has a ton of money in it…with a heck of a lot less risk.

To me, the fix and flip method is not for most newbie’s…even though that is the kind of real estate investing you see on TV all of the time.

It all boils down to the basics:

  • You need a good understanding of rehab costs
  • You need to have good funding… either from a private lender or a bank (private lender is preferable)
  • You need to be able to float the carrying costs if you can’t sell the property quickly
  • If you don’t calculate your costs just right… there may not be a whole lot of room for error… and room for error means greater risk for you!

Basically, you as a wholesale real estate flipper or investor (or wholesaler for short), find properties that need work that you can purchase at a large discount and flip them for a fee to a rehabber who will do the work.

Your job is to find the properties, analyze the numbers to determine the repairs needed, create an offer that enables both you and the rehabber that you will sell to make a profit, and sell the contract to a rehabber who will actually make the repairs.

Making Profit A Choice

Making Profit A ChoiceEvery property investor knows that real estate comps will help them determine what renovations can improve their home’s value and marketability. The amount of value certain improvements cost may not add as much value as the cost to do it.

Remember, a potential buyer or real estate appraiser may be unimpressed with certain improvements. What you must keep in mind is that what you view as a valuable upgrade may not be the same as what the real estate market sees as a valuable upgrade.  I want to share a few things that one would want to avoid adding to a property unnecessarily.

First on my list would be swimming pools. There aren’t many areas of the world where backyard pools are common place. Before adding a pool think about your neighborhood. Do the majority of properties have pools? Would a potential buyer expect there to be a pool? If pools are not common place in your area and/or have a very short season, you likely will not be adding much value to your home, and definitely not as much as the cost to put one in. In fact, Many potential home buyers view swimming pools as dangerous, expensive to maintain, and an insurance-claim waiting to happen. This money is better spent elsewhere as you are not likely to recoup the cost in a sale or appraisal.

Staying basic with landscaping will also save you in the long run. Some buyers and appraisers definitely appreciate good landscaping, but there is a line where elaborate landscaping no longer adds in value to what it costs. Keep in mind that potential buyers may not want to take on the upkeep work of elaborate landscaping and may not want to have to hire a professional landscaper to take care of it.

Trying to steer clear of high end upgrades will also be a wise choice. The cost of a full bathroom remodel could redo the flooring and paint throughout the entire home and this would be looked upon much more favorably by a potential buyer or appraiser in their assessment of value than you just having one high quality room.

Ok guys, hopefully these tips will keep you out of the red when choosing your renovation projects.  Remember working with good real estate comps to get a good deal on HUD properties on the front end, making solid rehab choices during, will result in a great profit in the end.

What Comes With A Property Valuation Report?

What Comes With A Property Valuation ReportA property valuation report is a report that shows the price rate of a particular property. Price rate of a property can also be called the market price of the property. Every property valuation company offers different services when delivering a report. It can be found that certain companies offer you more information rather than the valuation report alone. This will provide you with a lot of other details that one must follow during the buying or selling process.

 

 

What you receive with a Property Valuation Report:

• A list of registered proprietors or owners

• A description of property as per the laws which includes the structure of the land

• Zoning or Resource management

• Valuation includes the market rate of the property

Region:  Basic details and completed description of the property

This is a section in the valuation report where you will find the details of the property that provides a detail of the residential market value and the commercial market value. Other factors that do not affect the final price are ignored altogether.

A detailed description of the improvements:  A description about the improvements in the property valuation report is something that is considered as a very important part in the report. When there is a chance of improvement in the property, there is a large chance for the increase in its value. This is the reason why such details are described in the valuation report in a detailed manner.

It is very important to check the rates of the properties that are similar, and those that are found in the neighborhood.  Remember guys, you make your profit when you buy so do your research and make your mark!

Why I Love The Wholesale Flip

Why I Love The Wholesale Flip
There are ways to get started with real estate comps and real estate investing that allow you to get in with little to no risk or money, and will allow you to learn the business before you ever take a huge money commitment to do so.

Would you like my opinion of the best way to get started in real estate investing to minimize your risk and shorten your learning curve… all the while making nice money in the process?  My answer:  The wholesale flip – or in other words… wholesaling real estate, flipping houses for quick cash, flipping contracts, etc.

When you wholesale real estate you do everything a flipper would normally do… except you don’t actually repair the property and sell it to a retail buyer. But, you don’t have the risk or time commitment that a fix and flipper has.

Basically, you as a wholesale real estate flipper (or wholesaler for short), find properties that need work that you can purchase at a large discount and flip them for a fee to a rehabber who will do the work.

Your job is to find the properties, analyze the numbers to determine the repairs needed, create an offer that enables both you and the rehabber to make a profit, and sell the contract to a rehabber who will actually make the repairs.

Another reason for starting out doing wholesale real estate deals is that you learn the ropes of what it takes to be a rehabber. After analyzing several deals and talking to rehabbers to find out what they look for… you will have a good grasp on what a good deal is, how to accurately estimate repair costs, who the rehabbers use as contractors, etc.

So, you actually make money while you are getting an on-the-job education in real estate flipping and rehabbing!

Monthly Archives: January 2016

Make Room For A Backup Plan

Make Room For A Backup PlanWhen it comes to property investing, making sure the real estate comps are reliable helps to make solid offers.  However, while good investing is very much taking care of business, one must always have a “rainy day”- aka contingency budget – in place. The last thing you want to see is a $0 balance – or even worse, a negative one (if you have an overdraft) – in your bank account.

Any business entrepreneur will tell you, you need to know that there are days that you might experience a loss. The higher the return, the higher the risk. Even though you have accounted for these calculated risks, there are bound to be certain events that you don’t expect to occur or circumstances you didn’t know existed in the first place. It’s the nature of the beast.

So, budgeting is not only paramount, it is the solution. If you have not already done this, please do. The best way to do this is to set aside three (3) month expenses for a contingency account.

Finally guys,  I honestly can’t say it enough….sticking to your budget will help you keep your sanity and bottom line profit within reach.  I wish you the best in your deals and renovations!

Types Of Wholesale Deals

Types of Wholesale DealsKnowing the difference between types of real estate investments is key in making a substantial profit.  Real estate comps give you a foundation to make these deals happen.  Let’s discuss the two main styles:

The fix and flip – Where you buy real estate, rehab it, and sell it to a retail buyer. This is the kind that is on the TV shows.

The wholesale flip – Where you buy real estate (or get it under contract), find a wholesale buyer, and flip the contract. This kind has a ton of money in it…with a heck of a lot less risk.

To me, the fix and flip method is not for most newbie’s…even though that is the kind of real estate investing you see on TV all of the time.

It all boils down to the basics:

  • You need a good understanding of rehab costs
  • You need to have good funding… either from a private lender or a bank (private lender is preferable)
  • You need to be able to float the carrying costs if you can’t sell the property quickly
  • If you don’t calculate your costs just right… there may not be a whole lot of room for error… and room for error means greater risk for you!

Basically, you as a wholesale real estate flipper or investor (or wholesaler for short), find properties that need work that you can purchase at a large discount and flip them for a fee to a rehabber who will do the work.

Your job is to find the properties, analyze the numbers to determine the repairs needed, create an offer that enables both you and the rehabber that you will sell to make a profit, and sell the contract to a rehabber who will actually make the repairs.

Making Profit A Choice

Making Profit A ChoiceEvery property investor knows that real estate comps will help them determine what renovations can improve their home’s value and marketability. The amount of value certain improvements cost may not add as much value as the cost to do it.

Remember, a potential buyer or real estate appraiser may be unimpressed with certain improvements. What you must keep in mind is that what you view as a valuable upgrade may not be the same as what the real estate market sees as a valuable upgrade.  I want to share a few things that one would want to avoid adding to a property unnecessarily.

First on my list would be swimming pools. There aren’t many areas of the world where backyard pools are common place. Before adding a pool think about your neighborhood. Do the majority of properties have pools? Would a potential buyer expect there to be a pool? If pools are not common place in your area and/or have a very short season, you likely will not be adding much value to your home, and definitely not as much as the cost to put one in. In fact, Many potential home buyers view swimming pools as dangerous, expensive to maintain, and an insurance-claim waiting to happen. This money is better spent elsewhere as you are not likely to recoup the cost in a sale or appraisal.

Staying basic with landscaping will also save you in the long run. Some buyers and appraisers definitely appreciate good landscaping, but there is a line where elaborate landscaping no longer adds in value to what it costs. Keep in mind that potential buyers may not want to take on the upkeep work of elaborate landscaping and may not want to have to hire a professional landscaper to take care of it.

Trying to steer clear of high end upgrades will also be a wise choice. The cost of a full bathroom remodel could redo the flooring and paint throughout the entire home and this would be looked upon much more favorably by a potential buyer or appraiser in their assessment of value than you just having one high quality room.

Ok guys, hopefully these tips will keep you out of the red when choosing your renovation projects.  Remember working with good real estate comps to get a good deal on HUD properties on the front end, making solid rehab choices during, will result in a great profit in the end.

What Comes With A Property Valuation Report?

What Comes With A Property Valuation ReportA property valuation report is a report that shows the price rate of a particular property. Price rate of a property can also be called the market price of the property. Every property valuation company offers different services when delivering a report. It can be found that certain companies offer you more information rather than the valuation report alone. This will provide you with a lot of other details that one must follow during the buying or selling process.

 

 

What you receive with a Property Valuation Report:

• A list of registered proprietors or owners

• A description of property as per the laws which includes the structure of the land

• Zoning or Resource management

• Valuation includes the market rate of the property

Region:  Basic details and completed description of the property

This is a section in the valuation report where you will find the details of the property that provides a detail of the residential market value and the commercial market value. Other factors that do not affect the final price are ignored altogether.

A detailed description of the improvements:  A description about the improvements in the property valuation report is something that is considered as a very important part in the report. When there is a chance of improvement in the property, there is a large chance for the increase in its value. This is the reason why such details are described in the valuation report in a detailed manner.

It is very important to check the rates of the properties that are similar, and those that are found in the neighborhood.  Remember guys, you make your profit when you buy so do your research and make your mark!

Why I Love The Wholesale Flip

Why I Love The Wholesale Flip
There are ways to get started with real estate comps and real estate investing that allow you to get in with little to no risk or money, and will allow you to learn the business before you ever take a huge money commitment to do so.

Would you like my opinion of the best way to get started in real estate investing to minimize your risk and shorten your learning curve… all the while making nice money in the process?  My answer:  The wholesale flip – or in other words… wholesaling real estate, flipping houses for quick cash, flipping contracts, etc.

When you wholesale real estate you do everything a flipper would normally do… except you don’t actually repair the property and sell it to a retail buyer. But, you don’t have the risk or time commitment that a fix and flipper has.

Basically, you as a wholesale real estate flipper (or wholesaler for short), find properties that need work that you can purchase at a large discount and flip them for a fee to a rehabber who will do the work.

Your job is to find the properties, analyze the numbers to determine the repairs needed, create an offer that enables both you and the rehabber to make a profit, and sell the contract to a rehabber who will actually make the repairs.

Another reason for starting out doing wholesale real estate deals is that you learn the ropes of what it takes to be a rehabber. After analyzing several deals and talking to rehabbers to find out what they look for… you will have a good grasp on what a good deal is, how to accurately estimate repair costs, who the rehabbers use as contractors, etc.

So, you actually make money while you are getting an on-the-job education in real estate flipping and rehabbing!

Monthly Archives: January 2016

Make Room For A Backup Plan

Make Room For A Backup PlanWhen it comes to property investing, making sure the real estate comps are reliable helps to make solid offers.  However, while good investing is very much taking care of business, one must always have a “rainy day”- aka contingency budget – in place. The last thing you want to see is a $0 balance – or even worse, a negative one (if you have an overdraft) – in your bank account.

Any business entrepreneur will tell you, you need to know that there are days that you might experience a loss. The higher the return, the higher the risk. Even though you have accounted for these calculated risks, there are bound to be certain events that you don’t expect to occur or circumstances you didn’t know existed in the first place. It’s the nature of the beast.

So, budgeting is not only paramount, it is the solution. If you have not already done this, please do. The best way to do this is to set aside three (3) month expenses for a contingency account.

Finally guys,  I honestly can’t say it enough….sticking to your budget will help you keep your sanity and bottom line profit within reach.  I wish you the best in your deals and renovations!

Types Of Wholesale Deals

Types of Wholesale DealsKnowing the difference between types of real estate investments is key in making a substantial profit.  Real estate comps give you a foundation to make these deals happen.  Let’s discuss the two main styles:

The fix and flip – Where you buy real estate, rehab it, and sell it to a retail buyer. This is the kind that is on the TV shows.

The wholesale flip – Where you buy real estate (or get it under contract), find a wholesale buyer, and flip the contract. This kind has a ton of money in it…with a heck of a lot less risk.

To me, the fix and flip method is not for most newbie’s…even though that is the kind of real estate investing you see on TV all of the time.

It all boils down to the basics:

  • You need a good understanding of rehab costs
  • You need to have good funding… either from a private lender or a bank (private lender is preferable)
  • You need to be able to float the carrying costs if you can’t sell the property quickly
  • If you don’t calculate your costs just right… there may not be a whole lot of room for error… and room for error means greater risk for you!

Basically, you as a wholesale real estate flipper or investor (or wholesaler for short), find properties that need work that you can purchase at a large discount and flip them for a fee to a rehabber who will do the work.

Your job is to find the properties, analyze the numbers to determine the repairs needed, create an offer that enables both you and the rehabber that you will sell to make a profit, and sell the contract to a rehabber who will actually make the repairs.

Making Profit A Choice

Making Profit A ChoiceEvery property investor knows that real estate comps will help them determine what renovations can improve their home’s value and marketability. The amount of value certain improvements cost may not add as much value as the cost to do it.

Remember, a potential buyer or real estate appraiser may be unimpressed with certain improvements. What you must keep in mind is that what you view as a valuable upgrade may not be the same as what the real estate market sees as a valuable upgrade.  I want to share a few things that one would want to avoid adding to a property unnecessarily.

First on my list would be swimming pools. There aren’t many areas of the world where backyard pools are common place. Before adding a pool think about your neighborhood. Do the majority of properties have pools? Would a potential buyer expect there to be a pool? If pools are not common place in your area and/or have a very short season, you likely will not be adding much value to your home, and definitely not as much as the cost to put one in. In fact, Many potential home buyers view swimming pools as dangerous, expensive to maintain, and an insurance-claim waiting to happen. This money is better spent elsewhere as you are not likely to recoup the cost in a sale or appraisal.

Staying basic with landscaping will also save you in the long run. Some buyers and appraisers definitely appreciate good landscaping, but there is a line where elaborate landscaping no longer adds in value to what it costs. Keep in mind that potential buyers may not want to take on the upkeep work of elaborate landscaping and may not want to have to hire a professional landscaper to take care of it.

Trying to steer clear of high end upgrades will also be a wise choice. The cost of a full bathroom remodel could redo the flooring and paint throughout the entire home and this would be looked upon much more favorably by a potential buyer or appraiser in their assessment of value than you just having one high quality room.

Ok guys, hopefully these tips will keep you out of the red when choosing your renovation projects.  Remember working with good real estate comps to get a good deal on HUD properties on the front end, making solid rehab choices during, will result in a great profit in the end.

What Comes With A Property Valuation Report?

What Comes With A Property Valuation ReportA property valuation report is a report that shows the price rate of a particular property. Price rate of a property can also be called the market price of the property. Every property valuation company offers different services when delivering a report. It can be found that certain companies offer you more information rather than the valuation report alone. This will provide you with a lot of other details that one must follow during the buying or selling process.

 

 

What you receive with a Property Valuation Report:

• A list of registered proprietors or owners

• A description of property as per the laws which includes the structure of the land

• Zoning or Resource management

• Valuation includes the market rate of the property

Region:  Basic details and completed description of the property

This is a section in the valuation report where you will find the details of the property that provides a detail of the residential market value and the commercial market value. Other factors that do not affect the final price are ignored altogether.

A detailed description of the improvements:  A description about the improvements in the property valuation report is something that is considered as a very important part in the report. When there is a chance of improvement in the property, there is a large chance for the increase in its value. This is the reason why such details are described in the valuation report in a detailed manner.

It is very important to check the rates of the properties that are similar, and those that are found in the neighborhood.  Remember guys, you make your profit when you buy so do your research and make your mark!

Why I Love The Wholesale Flip

Why I Love The Wholesale Flip
There are ways to get started with real estate comps and real estate investing that allow you to get in with little to no risk or money, and will allow you to learn the business before you ever take a huge money commitment to do so.

Would you like my opinion of the best way to get started in real estate investing to minimize your risk and shorten your learning curve… all the while making nice money in the process?  My answer:  The wholesale flip – or in other words… wholesaling real estate, flipping houses for quick cash, flipping contracts, etc.

When you wholesale real estate you do everything a flipper would normally do… except you don’t actually repair the property and sell it to a retail buyer. But, you don’t have the risk or time commitment that a fix and flipper has.

Basically, you as a wholesale real estate flipper (or wholesaler for short), find properties that need work that you can purchase at a large discount and flip them for a fee to a rehabber who will do the work.

Your job is to find the properties, analyze the numbers to determine the repairs needed, create an offer that enables both you and the rehabber to make a profit, and sell the contract to a rehabber who will actually make the repairs.

Another reason for starting out doing wholesale real estate deals is that you learn the ropes of what it takes to be a rehabber. After analyzing several deals and talking to rehabbers to find out what they look for… you will have a good grasp on what a good deal is, how to accurately estimate repair costs, who the rehabbers use as contractors, etc.

So, you actually make money while you are getting an on-the-job education in real estate flipping and rehabbing!

Monthly Archives: January 2016

Make Room For A Backup Plan

Make Room For A Backup PlanWhen it comes to property investing, making sure the real estate comps are reliable helps to make solid offers.  However, while good investing is very much taking care of business, one must always have a “rainy day”- aka contingency budget – in place. The last thing you want to see is a $0 balance – or even worse, a negative one (if you have an overdraft) – in your bank account.

Any business entrepreneur will tell you, you need to know that there are days that you might experience a loss. The higher the return, the higher the risk. Even though you have accounted for these calculated risks, there are bound to be certain events that you don’t expect to occur or circumstances you didn’t know existed in the first place. It’s the nature of the beast.

So, budgeting is not only paramount, it is the solution. If you have not already done this, please do. The best way to do this is to set aside three (3) month expenses for a contingency account.

Finally guys,  I honestly can’t say it enough….sticking to your budget will help you keep your sanity and bottom line profit within reach.  I wish you the best in your deals and renovations!

Types Of Wholesale Deals

Types of Wholesale DealsKnowing the difference between types of real estate investments is key in making a substantial profit.  Real estate comps give you a foundation to make these deals happen.  Let’s discuss the two main styles:

The fix and flip – Where you buy real estate, rehab it, and sell it to a retail buyer. This is the kind that is on the TV shows.

The wholesale flip – Where you buy real estate (or get it under contract), find a wholesale buyer, and flip the contract. This kind has a ton of money in it…with a heck of a lot less risk.

To me, the fix and flip method is not for most newbie’s…even though that is the kind of real estate investing you see on TV all of the time.

It all boils down to the basics:

  • You need a good understanding of rehab costs
  • You need to have good funding… either from a private lender or a bank (private lender is preferable)
  • You need to be able to float the carrying costs if you can’t sell the property quickly
  • If you don’t calculate your costs just right… there may not be a whole lot of room for error… and room for error means greater risk for you!

Basically, you as a wholesale real estate flipper or investor (or wholesaler for short), find properties that need work that you can purchase at a large discount and flip them for a fee to a rehabber who will do the work.

Your job is to find the properties, analyze the numbers to determine the repairs needed, create an offer that enables both you and the rehabber that you will sell to make a profit, and sell the contract to a rehabber who will actually make the repairs.

Making Profit A Choice

Making Profit A ChoiceEvery property investor knows that real estate comps will help them determine what renovations can improve their home’s value and marketability. The amount of value certain improvements cost may not add as much value as the cost to do it.

Remember, a potential buyer or real estate appraiser may be unimpressed with certain improvements. What you must keep in mind is that what you view as a valuable upgrade may not be the same as what the real estate market sees as a valuable upgrade.  I want to share a few things that one would want to avoid adding to a property unnecessarily.

First on my list would be swimming pools. There aren’t many areas of the world where backyard pools are common place. Before adding a pool think about your neighborhood. Do the majority of properties have pools? Would a potential buyer expect there to be a pool? If pools are not common place in your area and/or have a very short season, you likely will not be adding much value to your home, and definitely not as much as the cost to put one in. In fact, Many potential home buyers view swimming pools as dangerous, expensive to maintain, and an insurance-claim waiting to happen. This money is better spent elsewhere as you are not likely to recoup the cost in a sale or appraisal.

Staying basic with landscaping will also save you in the long run. Some buyers and appraisers definitely appreciate good landscaping, but there is a line where elaborate landscaping no longer adds in value to what it costs. Keep in mind that potential buyers may not want to take on the upkeep work of elaborate landscaping and may not want to have to hire a professional landscaper to take care of it.

Trying to steer clear of high end upgrades will also be a wise choice. The cost of a full bathroom remodel could redo the flooring and paint throughout the entire home and this would be looked upon much more favorably by a potential buyer or appraiser in their assessment of value than you just having one high quality room.

Ok guys, hopefully these tips will keep you out of the red when choosing your renovation projects.  Remember working with good real estate comps to get a good deal on HUD properties on the front end, making solid rehab choices during, will result in a great profit in the end.

What Comes With A Property Valuation Report?

What Comes With A Property Valuation ReportA property valuation report is a report that shows the price rate of a particular property. Price rate of a property can also be called the market price of the property. Every property valuation company offers different services when delivering a report. It can be found that certain companies offer you more information rather than the valuation report alone. This will provide you with a lot of other details that one must follow during the buying or selling process.

 

 

What you receive with a Property Valuation Report:

• A list of registered proprietors or owners

• A description of property as per the laws which includes the structure of the land

• Zoning or Resource management

• Valuation includes the market rate of the property

Region:  Basic details and completed description of the property

This is a section in the valuation report where you will find the details of the property that provides a detail of the residential market value and the commercial market value. Other factors that do not affect the final price are ignored altogether.

A detailed description of the improvements:  A description about the improvements in the property valuation report is something that is considered as a very important part in the report. When there is a chance of improvement in the property, there is a large chance for the increase in its value. This is the reason why such details are described in the valuation report in a detailed manner.

It is very important to check the rates of the properties that are similar, and those that are found in the neighborhood.  Remember guys, you make your profit when you buy so do your research and make your mark!

Why I Love The Wholesale Flip

Why I Love The Wholesale Flip
There are ways to get started with real estate comps and real estate investing that allow you to get in with little to no risk or money, and will allow you to learn the business before you ever take a huge money commitment to do so.

Would you like my opinion of the best way to get started in real estate investing to minimize your risk and shorten your learning curve… all the while making nice money in the process?  My answer:  The wholesale flip – or in other words… wholesaling real estate, flipping houses for quick cash, flipping contracts, etc.

When you wholesale real estate you do everything a flipper would normally do… except you don’t actually repair the property and sell it to a retail buyer. But, you don’t have the risk or time commitment that a fix and flipper has.

Basically, you as a wholesale real estate flipper (or wholesaler for short), find properties that need work that you can purchase at a large discount and flip them for a fee to a rehabber who will do the work.

Your job is to find the properties, analyze the numbers to determine the repairs needed, create an offer that enables both you and the rehabber to make a profit, and sell the contract to a rehabber who will actually make the repairs.

Another reason for starting out doing wholesale real estate deals is that you learn the ropes of what it takes to be a rehabber. After analyzing several deals and talking to rehabbers to find out what they look for… you will have a good grasp on what a good deal is, how to accurately estimate repair costs, who the rehabbers use as contractors, etc.

So, you actually make money while you are getting an on-the-job education in real estate flipping and rehabbing!

Monthly Archives: January 2016

Make Room For A Backup Plan

Make Room For A Backup PlanWhen it comes to property investing, making sure the real estate comps are reliable helps to make solid offers.  However, while good investing is very much taking care of business, one must always have a “rainy day”- aka contingency budget – in place. The last thing you want to see is a $0 balance – or even worse, a negative one (if you have an overdraft) – in your bank account.

Any business entrepreneur will tell you, you need to know that there are days that you might experience a loss. The higher the return, the higher the risk. Even though you have accounted for these calculated risks, there are bound to be certain events that you don’t expect to occur or circumstances you didn’t know existed in the first place. It’s the nature of the beast.

So, budgeting is not only paramount, it is the solution. If you have not already done this, please do. The best way to do this is to set aside three (3) month expenses for a contingency account.

Finally guys,  I honestly can’t say it enough….sticking to your budget will help you keep your sanity and bottom line profit within reach.  I wish you the best in your deals and renovations!

Types Of Wholesale Deals

Types of Wholesale DealsKnowing the difference between types of real estate investments is key in making a substantial profit.  Real estate comps give you a foundation to make these deals happen.  Let’s discuss the two main styles:

The fix and flip – Where you buy real estate, rehab it, and sell it to a retail buyer. This is the kind that is on the TV shows.

The wholesale flip – Where you buy real estate (or get it under contract), find a wholesale buyer, and flip the contract. This kind has a ton of money in it…with a heck of a lot less risk.

To me, the fix and flip method is not for most newbie’s…even though that is the kind of real estate investing you see on TV all of the time.

It all boils down to the basics:

  • You need a good understanding of rehab costs
  • You need to have good funding… either from a private lender or a bank (private lender is preferable)
  • You need to be able to float the carrying costs if you can’t sell the property quickly
  • If you don’t calculate your costs just right… there may not be a whole lot of room for error… and room for error means greater risk for you!

Basically, you as a wholesale real estate flipper or investor (or wholesaler for short), find properties that need work that you can purchase at a large discount and flip them for a fee to a rehabber who will do the work.

Your job is to find the properties, analyze the numbers to determine the repairs needed, create an offer that enables both you and the rehabber that you will sell to make a profit, and sell the contract to a rehabber who will actually make the repairs.

Making Profit A Choice

Making Profit A ChoiceEvery property investor knows that real estate comps will help them determine what renovations can improve their home’s value and marketability. The amount of value certain improvements cost may not add as much value as the cost to do it.

Remember, a potential buyer or real estate appraiser may be unimpressed with certain improvements. What you must keep in mind is that what you view as a valuable upgrade may not be the same as what the real estate market sees as a valuable upgrade.  I want to share a few things that one would want to avoid adding to a property unnecessarily.

First on my list would be swimming pools. There aren’t many areas of the world where backyard pools are common place. Before adding a pool think about your neighborhood. Do the majority of properties have pools? Would a potential buyer expect there to be a pool? If pools are not common place in your area and/or have a very short season, you likely will not be adding much value to your home, and definitely not as much as the cost to put one in. In fact, Many potential home buyers view swimming pools as dangerous, expensive to maintain, and an insurance-claim waiting to happen. This money is better spent elsewhere as you are not likely to recoup the cost in a sale or appraisal.

Staying basic with landscaping will also save you in the long run. Some buyers and appraisers definitely appreciate good landscaping, but there is a line where elaborate landscaping no longer adds in value to what it costs. Keep in mind that potential buyers may not want to take on the upkeep work of elaborate landscaping and may not want to have to hire a professional landscaper to take care of it.

Trying to steer clear of high end upgrades will also be a wise choice. The cost of a full bathroom remodel could redo the flooring and paint throughout the entire home and this would be looked upon much more favorably by a potential buyer or appraiser in their assessment of value than you just having one high quality room.

Ok guys, hopefully these tips will keep you out of the red when choosing your renovation projects.  Remember working with good real estate comps to get a good deal on HUD properties on the front end, making solid rehab choices during, will result in a great profit in the end.

What Comes With A Property Valuation Report?

What Comes With A Property Valuation ReportA property valuation report is a report that shows the price rate of a particular property. Price rate of a property can also be called the market price of the property. Every property valuation company offers different services when delivering a report. It can be found that certain companies offer you more information rather than the valuation report alone. This will provide you with a lot of other details that one must follow during the buying or selling process.

 

 

What you receive with a Property Valuation Report:

• A list of registered proprietors or owners

• A description of property as per the laws which includes the structure of the land

• Zoning or Resource management

• Valuation includes the market rate of the property

Region:  Basic details and completed description of the property

This is a section in the valuation report where you will find the details of the property that provides a detail of the residential market value and the commercial market value. Other factors that do not affect the final price are ignored altogether.

A detailed description of the improvements:  A description about the improvements in the property valuation report is something that is considered as a very important part in the report. When there is a chance of improvement in the property, there is a large chance for the increase in its value. This is the reason why such details are described in the valuation report in a detailed manner.

It is very important to check the rates of the properties that are similar, and those that are found in the neighborhood.  Remember guys, you make your profit when you buy so do your research and make your mark!

Why I Love The Wholesale Flip

Why I Love The Wholesale Flip
There are ways to get started with real estate comps and real estate investing that allow you to get in with little to no risk or money, and will allow you to learn the business before you ever take a huge money commitment to do so.

Would you like my opinion of the best way to get started in real estate investing to minimize your risk and shorten your learning curve… all the while making nice money in the process?  My answer:  The wholesale flip – or in other words… wholesaling real estate, flipping houses for quick cash, flipping contracts, etc.

When you wholesale real estate you do everything a flipper would normally do… except you don’t actually repair the property and sell it to a retail buyer. But, you don’t have the risk or time commitment that a fix and flipper has.

Basically, you as a wholesale real estate flipper (or wholesaler for short), find properties that need work that you can purchase at a large discount and flip them for a fee to a rehabber who will do the work.

Your job is to find the properties, analyze the numbers to determine the repairs needed, create an offer that enables both you and the rehabber to make a profit, and sell the contract to a rehabber who will actually make the repairs.

Another reason for starting out doing wholesale real estate deals is that you learn the ropes of what it takes to be a rehabber. After analyzing several deals and talking to rehabbers to find out what they look for… you will have a good grasp on what a good deal is, how to accurately estimate repair costs, who the rehabbers use as contractors, etc.

So, you actually make money while you are getting an on-the-job education in real estate flipping and rehabbing!

Monthly Archives: January 2016

Make Room For A Backup Plan

Make Room For A Backup PlanWhen it comes to property investing, making sure the real estate comps are reliable helps to make solid offers.  However, while good investing is very much taking care of business, one must always have a “rainy day”- aka contingency budget – in place. The last thing you want to see is a $0 balance – or even worse, a negative one (if you have an overdraft) – in your bank account.

Any business entrepreneur will tell you, you need to know that there are days that you might experience a loss. The higher the return, the higher the risk. Even though you have accounted for these calculated risks, there are bound to be certain events that you don’t expect to occur or circumstances you didn’t know existed in the first place. It’s the nature of the beast.

So, budgeting is not only paramount, it is the solution. If you have not already done this, please do. The best way to do this is to set aside three (3) month expenses for a contingency account.

Finally guys,  I honestly can’t say it enough….sticking to your budget will help you keep your sanity and bottom line profit within reach.  I wish you the best in your deals and renovations!

Types Of Wholesale Deals

Types of Wholesale DealsKnowing the difference between types of real estate investments is key in making a substantial profit.  Real estate comps give you a foundation to make these deals happen.  Let’s discuss the two main styles:

The fix and flip – Where you buy real estate, rehab it, and sell it to a retail buyer. This is the kind that is on the TV shows.

The wholesale flip – Where you buy real estate (or get it under contract), find a wholesale buyer, and flip the contract. This kind has a ton of money in it…with a heck of a lot less risk.

To me, the fix and flip method is not for most newbie’s…even though that is the kind of real estate investing you see on TV all of the time.

It all boils down to the basics:

  • You need a good understanding of rehab costs
  • You need to have good funding… either from a private lender or a bank (private lender is preferable)
  • You need to be able to float the carrying costs if you can’t sell the property quickly
  • If you don’t calculate your costs just right… there may not be a whole lot of room for error… and room for error means greater risk for you!

Basically, you as a wholesale real estate flipper or investor (or wholesaler for short), find properties that need work that you can purchase at a large discount and flip them for a fee to a rehabber who will do the work.

Your job is to find the properties, analyze the numbers to determine the repairs needed, create an offer that enables both you and the rehabber that you will sell to make a profit, and sell the contract to a rehabber who will actually make the repairs.

Making Profit A Choice

Making Profit A ChoiceEvery property investor knows that real estate comps will help them determine what renovations can improve their home’s value and marketability. The amount of value certain improvements cost may not add as much value as the cost to do it.

Remember, a potential buyer or real estate appraiser may be unimpressed with certain improvements. What you must keep in mind is that what you view as a valuable upgrade may not be the same as what the real estate market sees as a valuable upgrade.  I want to share a few things that one would want to avoid adding to a property unnecessarily.

First on my list would be swimming pools. There aren’t many areas of the world where backyard pools are common place. Before adding a pool think about your neighborhood. Do the majority of properties have pools? Would a potential buyer expect there to be a pool? If pools are not common place in your area and/or have a very short season, you likely will not be adding much value to your home, and definitely not as much as the cost to put one in. In fact, Many potential home buyers view swimming pools as dangerous, expensive to maintain, and an insurance-claim waiting to happen. This money is better spent elsewhere as you are not likely to recoup the cost in a sale or appraisal.

Staying basic with landscaping will also save you in the long run. Some buyers and appraisers definitely appreciate good landscaping, but there is a line where elaborate landscaping no longer adds in value to what it costs. Keep in mind that potential buyers may not want to take on the upkeep work of elaborate landscaping and may not want to have to hire a professional landscaper to take care of it.

Trying to steer clear of high end upgrades will also be a wise choice. The cost of a full bathroom remodel could redo the flooring and paint throughout the entire home and this would be looked upon much more favorably by a potential buyer or appraiser in their assessment of value than you just having one high quality room.

Ok guys, hopefully these tips will keep you out of the red when choosing your renovation projects.  Remember working with good real estate comps to get a good deal on HUD properties on the front end, making solid rehab choices during, will result in a great profit in the end.

What Comes With A Property Valuation Report?

What Comes With A Property Valuation ReportA property valuation report is a report that shows the price rate of a particular property. Price rate of a property can also be called the market price of the property. Every property valuation company offers different services when delivering a report. It can be found that certain companies offer you more information rather than the valuation report alone. This will provide you with a lot of other details that one must follow during the buying or selling process.

 

 

What you receive with a Property Valuation Report:

• A list of registered proprietors or owners

• A description of property as per the laws which includes the structure of the land

• Zoning or Resource management

• Valuation includes the market rate of the property

Region:  Basic details and completed description of the property

This is a section in the valuation report where you will find the details of the property that provides a detail of the residential market value and the commercial market value. Other factors that do not affect the final price are ignored altogether.

A detailed description of the improvements:  A description about the improvements in the property valuation report is something that is considered as a very important part in the report. When there is a chance of improvement in the property, there is a large chance for the increase in its value. This is the reason why such details are described in the valuation report in a detailed manner.

It is very important to check the rates of the properties that are similar, and those that are found in the neighborhood.  Remember guys, you make your profit when you buy so do your research and make your mark!

Why I Love The Wholesale Flip

Why I Love The Wholesale Flip
There are ways to get started with real estate comps and real estate investing that allow you to get in with little to no risk or money, and will allow you to learn the business before you ever take a huge money commitment to do so.

Would you like my opinion of the best way to get started in real estate investing to minimize your risk and shorten your learning curve… all the while making nice money in the process?  My answer:  The wholesale flip – or in other words… wholesaling real estate, flipping houses for quick cash, flipping contracts, etc.

When you wholesale real estate you do everything a flipper would normally do… except you don’t actually repair the property and sell it to a retail buyer. But, you don’t have the risk or time commitment that a fix and flipper has.

Basically, you as a wholesale real estate flipper (or wholesaler for short), find properties that need work that you can purchase at a large discount and flip them for a fee to a rehabber who will do the work.

Your job is to find the properties, analyze the numbers to determine the repairs needed, create an offer that enables both you and the rehabber to make a profit, and sell the contract to a rehabber who will actually make the repairs.

Another reason for starting out doing wholesale real estate deals is that you learn the ropes of what it takes to be a rehabber. After analyzing several deals and talking to rehabbers to find out what they look for… you will have a good grasp on what a good deal is, how to accurately estimate repair costs, who the rehabbers use as contractors, etc.

So, you actually make money while you are getting an on-the-job education in real estate flipping and rehabbing!

Monthly Archives: January 2016

Make Room For A Backup Plan

Make Room For A Backup PlanWhen it comes to property investing, making sure the real estate comps are reliable helps to make solid offers.  However, while good investing is very much taking care of business, one must always have a “rainy day”- aka contingency budget – in place. The last thing you want to see is a $0 balance – or even worse, a negative one (if you have an overdraft) – in your bank account.

Any business entrepreneur will tell you, you need to know that there are days that you might experience a loss. The higher the return, the higher the risk. Even though you have accounted for these calculated risks, there are bound to be certain events that you don’t expect to occur or circumstances you didn’t know existed in the first place. It’s the nature of the beast.

So, budgeting is not only paramount, it is the solution. If you have not already done this, please do. The best way to do this is to set aside three (3) month expenses for a contingency account.

Finally guys,  I honestly can’t say it enough….sticking to your budget will help you keep your sanity and bottom line profit within reach.  I wish you the best in your deals and renovations!

Types Of Wholesale Deals

Types of Wholesale DealsKnowing the difference between types of real estate investments is key in making a substantial profit.  Real estate comps give you a foundation to make these deals happen.  Let’s discuss the two main styles:

The fix and flip – Where you buy real estate, rehab it, and sell it to a retail buyer. This is the kind that is on the TV shows.

The wholesale flip – Where you buy real estate (or get it under contract), find a wholesale buyer, and flip the contract. This kind has a ton of money in it…with a heck of a lot less risk.

To me, the fix and flip method is not for most newbie’s…even though that is the kind of real estate investing you see on TV all of the time.

It all boils down to the basics:

  • You need a good understanding of rehab costs
  • You need to have good funding… either from a private lender or a bank (private lender is preferable)
  • You need to be able to float the carrying costs if you can’t sell the property quickly
  • If you don’t calculate your costs just right… there may not be a whole lot of room for error… and room for error means greater risk for you!

Basically, you as a wholesale real estate flipper or investor (or wholesaler for short), find properties that need work that you can purchase at a large discount and flip them for a fee to a rehabber who will do the work.

Your job is to find the properties, analyze the numbers to determine the repairs needed, create an offer that enables both you and the rehabber that you will sell to make a profit, and sell the contract to a rehabber who will actually make the repairs.

Making Profit A Choice

Making Profit A ChoiceEvery property investor knows that real estate comps will help them determine what renovations can improve their home’s value and marketability. The amount of value certain improvements cost may not add as much value as the cost to do it.

Remember, a potential buyer or real estate appraiser may be unimpressed with certain improvements. What you must keep in mind is that what you view as a valuable upgrade may not be the same as what the real estate market sees as a valuable upgrade.  I want to share a few things that one would want to avoid adding to a property unnecessarily.

First on my list would be swimming pools. There aren’t many areas of the world where backyard pools are common place. Before adding a pool think about your neighborhood. Do the majority of properties have pools? Would a potential buyer expect there to be a pool? If pools are not common place in your area and/or have a very short season, you likely will not be adding much value to your home, and definitely not as much as the cost to put one in. In fact, Many potential home buyers view swimming pools as dangerous, expensive to maintain, and an insurance-claim waiting to happen. This money is better spent elsewhere as you are not likely to recoup the cost in a sale or appraisal.

Staying basic with landscaping will also save you in the long run. Some buyers and appraisers definitely appreciate good landscaping, but there is a line where elaborate landscaping no longer adds in value to what it costs. Keep in mind that potential buyers may not want to take on the upkeep work of elaborate landscaping and may not want to have to hire a professional landscaper to take care of it.

Trying to steer clear of high end upgrades will also be a wise choice. The cost of a full bathroom remodel could redo the flooring and paint throughout the entire home and this would be looked upon much more favorably by a potential buyer or appraiser in their assessment of value than you just having one high quality room.

Ok guys, hopefully these tips will keep you out of the red when choosing your renovation projects.  Remember working with good real estate comps to get a good deal on HUD properties on the front end, making solid rehab choices during, will result in a great profit in the end.

What Comes With A Property Valuation Report?

What Comes With A Property Valuation ReportA property valuation report is a report that shows the price rate of a particular property. Price rate of a property can also be called the market price of the property. Every property valuation company offers different services when delivering a report. It can be found that certain companies offer you more information rather than the valuation report alone. This will provide you with a lot of other details that one must follow during the buying or selling process.

 

 

What you receive with a Property Valuation Report:

• A list of registered proprietors or owners

• A description of property as per the laws which includes the structure of the land

• Zoning or Resource management

• Valuation includes the market rate of the property

Region:  Basic details and completed description of the property

This is a section in the valuation report where you will find the details of the property that provides a detail of the residential market value and the commercial market value. Other factors that do not affect the final price are ignored altogether.

A detailed description of the improvements:  A description about the improvements in the property valuation report is something that is considered as a very important part in the report. When there is a chance of improvement in the property, there is a large chance for the increase in its value. This is the reason why such details are described in the valuation report in a detailed manner.

It is very important to check the rates of the properties that are similar, and those that are found in the neighborhood.  Remember guys, you make your profit when you buy so do your research and make your mark!

Why I Love The Wholesale Flip

Why I Love The Wholesale Flip
There are ways to get started with real estate comps and real estate investing that allow you to get in with little to no risk or money, and will allow you to learn the business before you ever take a huge money commitment to do so.

Would you like my opinion of the best way to get started in real estate investing to minimize your risk and shorten your learning curve… all the while making nice money in the process?  My answer:  The wholesale flip – or in other words… wholesaling real estate, flipping houses for quick cash, flipping contracts, etc.

When you wholesale real estate you do everything a flipper would normally do… except you don’t actually repair the property and sell it to a retail buyer. But, you don’t have the risk or time commitment that a fix and flipper has.

Basically, you as a wholesale real estate flipper (or wholesaler for short), find properties that need work that you can purchase at a large discount and flip them for a fee to a rehabber who will do the work.

Your job is to find the properties, analyze the numbers to determine the repairs needed, create an offer that enables both you and the rehabber to make a profit, and sell the contract to a rehabber who will actually make the repairs.

Another reason for starting out doing wholesale real estate deals is that you learn the ropes of what it takes to be a rehabber. After analyzing several deals and talking to rehabbers to find out what they look for… you will have a good grasp on what a good deal is, how to accurately estimate repair costs, who the rehabbers use as contractors, etc.

So, you actually make money while you are getting an on-the-job education in real estate flipping and rehabbing!

Monthly Archives: January 2016

Make Room For A Backup Plan

Make Room For A Backup PlanWhen it comes to property investing, making sure the real estate comps are reliable helps to make solid offers.  However, while good investing is very much taking care of business, one must always have a “rainy day”- aka contingency budget – in place. The last thing you want to see is a $0 balance – or even worse, a negative one (if you have an overdraft) – in your bank account.

Any business entrepreneur will tell you, you need to know that there are days that you might experience a loss. The higher the return, the higher the risk. Even though you have accounted for these calculated risks, there are bound to be certain events that you don’t expect to occur or circumstances you didn’t know existed in the first place. It’s the nature of the beast.

So, budgeting is not only paramount, it is the solution. If you have not already done this, please do. The best way to do this is to set aside three (3) month expenses for a contingency account.

Finally guys,  I honestly can’t say it enough….sticking to your budget will help you keep your sanity and bottom line profit within reach.  I wish you the best in your deals and renovations!

Types Of Wholesale Deals

Types of Wholesale DealsKnowing the difference between types of real estate investments is key in making a substantial profit.  Real estate comps give you a foundation to make these deals happen.  Let’s discuss the two main styles:

The fix and flip – Where you buy real estate, rehab it, and sell it to a retail buyer. This is the kind that is on the TV shows.

The wholesale flip – Where you buy real estate (or get it under contract), find a wholesale buyer, and flip the contract. This kind has a ton of money in it…with a heck of a lot less risk.

To me, the fix and flip method is not for most newbie’s…even though that is the kind of real estate investing you see on TV all of the time.

It all boils down to the basics:

  • You need a good understanding of rehab costs
  • You need to have good funding… either from a private lender or a bank (private lender is preferable)
  • You need to be able to float the carrying costs if you can’t sell the property quickly
  • If you don’t calculate your costs just right… there may not be a whole lot of room for error… and room for error means greater risk for you!

Basically, you as a wholesale real estate flipper or investor (or wholesaler for short), find properties that need work that you can purchase at a large discount and flip them for a fee to a rehabber who will do the work.

Your job is to find the properties, analyze the numbers to determine the repairs needed, create an offer that enables both you and the rehabber that you will sell to make a profit, and sell the contract to a rehabber who will actually make the repairs.

Making Profit A Choice

Making Profit A ChoiceEvery property investor knows that real estate comps will help them determine what renovations can improve their home’s value and marketability. The amount of value certain improvements cost may not add as much value as the cost to do it.

Remember, a potential buyer or real estate appraiser may be unimpressed with certain improvements. What you must keep in mind is that what you view as a valuable upgrade may not be the same as what the real estate market sees as a valuable upgrade.  I want to share a few things that one would want to avoid adding to a property unnecessarily.

First on my list would be swimming pools. There aren’t many areas of the world where backyard pools are common place. Before adding a pool think about your neighborhood. Do the majority of properties have pools? Would a potential buyer expect there to be a pool? If pools are not common place in your area and/or have a very short season, you likely will not be adding much value to your home, and definitely not as much as the cost to put one in. In fact, Many potential home buyers view swimming pools as dangerous, expensive to maintain, and an insurance-claim waiting to happen. This money is better spent elsewhere as you are not likely to recoup the cost in a sale or appraisal.

Staying basic with landscaping will also save you in the long run. Some buyers and appraisers definitely appreciate good landscaping, but there is a line where elaborate landscaping no longer adds in value to what it costs. Keep in mind that potential buyers may not want to take on the upkeep work of elaborate landscaping and may not want to have to hire a professional landscaper to take care of it.

Trying to steer clear of high end upgrades will also be a wise choice. The cost of a full bathroom remodel could redo the flooring and paint throughout the entire home and this would be looked upon much more favorably by a potential buyer or appraiser in their assessment of value than you just having one high quality room.

Ok guys, hopefully these tips will keep you out of the red when choosing your renovation projects.  Remember working with good real estate comps to get a good deal on HUD properties on the front end, making solid rehab choices during, will result in a great profit in the end.

What Comes With A Property Valuation Report?

What Comes With A Property Valuation ReportA property valuation report is a report that shows the price rate of a particular property. Price rate of a property can also be called the market price of the property. Every property valuation company offers different services when delivering a report. It can be found that certain companies offer you more information rather than the valuation report alone. This will provide you with a lot of other details that one must follow during the buying or selling process.

 

 

What you receive with a Property Valuation Report:

• A list of registered proprietors or owners

• A description of property as per the laws which includes the structure of the land

• Zoning or Resource management

• Valuation includes the market rate of the property

Region:  Basic details and completed description of the property

This is a section in the valuation report where you will find the details of the property that provides a detail of the residential market value and the commercial market value. Other factors that do not affect the final price are ignored altogether.

A detailed description of the improvements:  A description about the improvements in the property valuation report is something that is considered as a very important part in the report. When there is a chance of improvement in the property, there is a large chance for the increase in its value. This is the reason why such details are described in the valuation report in a detailed manner.

It is very important to check the rates of the properties that are similar, and those that are found in the neighborhood.  Remember guys, you make your profit when you buy so do your research and make your mark!

Why I Love The Wholesale Flip

Why I Love The Wholesale Flip
There are ways to get started with real estate comps and real estate investing that allow you to get in with little to no risk or money, and will allow you to learn the business before you ever take a huge money commitment to do so.

Would you like my opinion of the best way to get started in real estate investing to minimize your risk and shorten your learning curve… all the while making nice money in the process?  My answer:  The wholesale flip – or in other words… wholesaling real estate, flipping houses for quick cash, flipping contracts, etc.

When you wholesale real estate you do everything a flipper would normally do… except you don’t actually repair the property and sell it to a retail buyer. But, you don’t have the risk or time commitment that a fix and flipper has.

Basically, you as a wholesale real estate flipper (or wholesaler for short), find properties that need work that you can purchase at a large discount and flip them for a fee to a rehabber who will do the work.

Your job is to find the properties, analyze the numbers to determine the repairs needed, create an offer that enables both you and the rehabber to make a profit, and sell the contract to a rehabber who will actually make the repairs.

Another reason for starting out doing wholesale real estate deals is that you learn the ropes of what it takes to be a rehabber. After analyzing several deals and talking to rehabbers to find out what they look for… you will have a good grasp on what a good deal is, how to accurately estimate repair costs, who the rehabbers use as contractors, etc.

So, you actually make money while you are getting an on-the-job education in real estate flipping and rehabbing!

Monthly Archives: January 2016

Make Room For A Backup Plan

Make Room For A Backup PlanWhen it comes to property investing, making sure the real estate comps are reliable helps to make solid offers.  However, while good investing is very much taking care of business, one must always have a “rainy day”- aka contingency budget – in place. The last thing you want to see is a $0 balance – or even worse, a negative one (if you have an overdraft) – in your bank account.

Any business entrepreneur will tell you, you need to know that there are days that you might experience a loss. The higher the return, the higher the risk. Even though you have accounted for these calculated risks, there are bound to be certain events that you don’t expect to occur or circumstances you didn’t know existed in the first place. It’s the nature of the beast.

So, budgeting is not only paramount, it is the solution. If you have not already done this, please do. The best way to do this is to set aside three (3) month expenses for a contingency account.

Finally guys,  I honestly can’t say it enough….sticking to your budget will help you keep your sanity and bottom line profit within reach.  I wish you the best in your deals and renovations!

Types Of Wholesale Deals

Types of Wholesale DealsKnowing the difference between types of real estate investments is key in making a substantial profit.  Real estate comps give you a foundation to make these deals happen.  Let’s discuss the two main styles:

The fix and flip – Where you buy real estate, rehab it, and sell it to a retail buyer. This is the kind that is on the TV shows.

The wholesale flip – Where you buy real estate (or get it under contract), find a wholesale buyer, and flip the contract. This kind has a ton of money in it…with a heck of a lot less risk.

To me, the fix and flip method is not for most newbie’s…even though that is the kind of real estate investing you see on TV all of the time.

It all boils down to the basics:

  • You need a good understanding of rehab costs
  • You need to have good funding… either from a private lender or a bank (private lender is preferable)
  • You need to be able to float the carrying costs if you can’t sell the property quickly
  • If you don’t calculate your costs just right… there may not be a whole lot of room for error… and room for error means greater risk for you!

Basically, you as a wholesale real estate flipper or investor (or wholesaler for short), find properties that need work that you can purchase at a large discount and flip them for a fee to a rehabber who will do the work.

Your job is to find the properties, analyze the numbers to determine the repairs needed, create an offer that enables both you and the rehabber that you will sell to make a profit, and sell the contract to a rehabber who will actually make the repairs.

Making Profit A Choice

Making Profit A ChoiceEvery property investor knows that real estate comps will help them determine what renovations can improve their home’s value and marketability. The amount of value certain improvements cost may not add as much value as the cost to do it.

Remember, a potential buyer or real estate appraiser may be unimpressed with certain improvements. What you must keep in mind is that what you view as a valuable upgrade may not be the same as what the real estate market sees as a valuable upgrade.  I want to share a few things that one would want to avoid adding to a property unnecessarily.

First on my list would be swimming pools. There aren’t many areas of the world where backyard pools are common place. Before adding a pool think about your neighborhood. Do the majority of properties have pools? Would a potential buyer expect there to be a pool? If pools are not common place in your area and/or have a very short season, you likely will not be adding much value to your home, and definitely not as much as the cost to put one in. In fact, Many potential home buyers view swimming pools as dangerous, expensive to maintain, and an insurance-claim waiting to happen. This money is better spent elsewhere as you are not likely to recoup the cost in a sale or appraisal.

Staying basic with landscaping will also save you in the long run. Some buyers and appraisers definitely appreciate good landscaping, but there is a line where elaborate landscaping no longer adds in value to what it costs. Keep in mind that potential buyers may not want to take on the upkeep work of elaborate landscaping and may not want to have to hire a professional landscaper to take care of it.

Trying to steer clear of high end upgrades will also be a wise choice. The cost of a full bathroom remodel could redo the flooring and paint throughout the entire home and this would be looked upon much more favorably by a potential buyer or appraiser in their assessment of value than you just having one high quality room.

Ok guys, hopefully these tips will keep you out of the red when choosing your renovation projects.  Remember working with good real estate comps to get a good deal on HUD properties on the front end, making solid rehab choices during, will result in a great profit in the end.

What Comes With A Property Valuation Report?

What Comes With A Property Valuation ReportA property valuation report is a report that shows the price rate of a particular property. Price rate of a property can also be called the market price of the property. Every property valuation company offers different services when delivering a report. It can be found that certain companies offer you more information rather than the valuation report alone. This will provide you with a lot of other details that one must follow during the buying or selling process.

 

 

What you receive with a Property Valuation Report:

• A list of registered proprietors or owners

• A description of property as per the laws which includes the structure of the land

• Zoning or Resource management

• Valuation includes the market rate of the property

Region:  Basic details and completed description of the property

This is a section in the valuation report where you will find the details of the property that provides a detail of the residential market value and the commercial market value. Other factors that do not affect the final price are ignored altogether.

A detailed description of the improvements:  A description about the improvements in the property valuation report is something that is considered as a very important part in the report. When there is a chance of improvement in the property, there is a large chance for the increase in its value. This is the reason why such details are described in the valuation report in a detailed manner.

It is very important to check the rates of the properties that are similar, and those that are found in the neighborhood.  Remember guys, you make your profit when you buy so do your research and make your mark!

Why I Love The Wholesale Flip

Why I Love The Wholesale Flip
There are ways to get started with real estate comps and real estate investing that allow you to get in with little to no risk or money, and will allow you to learn the business before you ever take a huge money commitment to do so.

Would you like my opinion of the best way to get started in real estate investing to minimize your risk and shorten your learning curve… all the while making nice money in the process?  My answer:  The wholesale flip – or in other words… wholesaling real estate, flipping houses for quick cash, flipping contracts, etc.

When you wholesale real estate you do everything a flipper would normally do… except you don’t actually repair the property and sell it to a retail buyer. But, you don’t have the risk or time commitment that a fix and flipper has.

Basically, you as a wholesale real estate flipper (or wholesaler for short), find properties that need work that you can purchase at a large discount and flip them for a fee to a rehabber who will do the work.

Your job is to find the properties, analyze the numbers to determine the repairs needed, create an offer that enables both you and the rehabber to make a profit, and sell the contract to a rehabber who will actually make the repairs.

Another reason for starting out doing wholesale real estate deals is that you learn the ropes of what it takes to be a rehabber. After analyzing several deals and talking to rehabbers to find out what they look for… you will have a good grasp on what a good deal is, how to accurately estimate repair costs, who the rehabbers use as contractors, etc.

So, you actually make money while you are getting an on-the-job education in real estate flipping and rehabbing!

Monthly Archives: January 2016

Make Room For A Backup Plan

Make Room For A Backup PlanWhen it comes to property investing, making sure the real estate comps are reliable helps to make solid offers.  However, while good investing is very much taking care of business, one must always have a “rainy day”- aka contingency budget – in place. The last thing you want to see is a $0 balance – or even worse, a negative one (if you have an overdraft) – in your bank account.

Any business entrepreneur will tell you, you need to know that there are days that you might experience a loss. The higher the return, the higher the risk. Even though you have accounted for these calculated risks, there are bound to be certain events that you don’t expect to occur or circumstances you didn’t know existed in the first place. It’s the nature of the beast.

So, budgeting is not only paramount, it is the solution. If you have not already done this, please do. The best way to do this is to set aside three (3) month expenses for a contingency account.

Finally guys,  I honestly can’t say it enough….sticking to your budget will help you keep your sanity and bottom line profit within reach.  I wish you the best in your deals and renovations!

Types Of Wholesale Deals

Types of Wholesale DealsKnowing the difference between types of real estate investments is key in making a substantial profit.  Real estate comps give you a foundation to make these deals happen.  Let’s discuss the two main styles:

The fix and flip – Where you buy real estate, rehab it, and sell it to a retail buyer. This is the kind that is on the TV shows.

The wholesale flip – Where you buy real estate (or get it under contract), find a wholesale buyer, and flip the contract. This kind has a ton of money in it…with a heck of a lot less risk.

To me, the fix and flip method is not for most newbie’s…even though that is the kind of real estate investing you see on TV all of the time.

It all boils down to the basics:

  • You need a good understanding of rehab costs
  • You need to have good funding… either from a private lender or a bank (private lender is preferable)
  • You need to be able to float the carrying costs if you can’t sell the property quickly
  • If you don’t calculate your costs just right… there may not be a whole lot of room for error… and room for error means greater risk for you!

Basically, you as a wholesale real estate flipper or investor (or wholesaler for short), find properties that need work that you can purchase at a large discount and flip them for a fee to a rehabber who will do the work.

Your job is to find the properties, analyze the numbers to determine the repairs needed, create an offer that enables both you and the rehabber that you will sell to make a profit, and sell the contract to a rehabber who will actually make the repairs.

Making Profit A Choice

Making Profit A ChoiceEvery property investor knows that real estate comps will help them determine what renovations can improve their home’s value and marketability. The amount of value certain improvements cost may not add as much value as the cost to do it.

Remember, a potential buyer or real estate appraiser may be unimpressed with certain improvements. What you must keep in mind is that what you view as a valuable upgrade may not be the same as what the real estate market sees as a valuable upgrade.  I want to share a few things that one would want to avoid adding to a property unnecessarily.

First on my list would be swimming pools. There aren’t many areas of the world where backyard pools are common place. Before adding a pool think about your neighborhood. Do the majority of properties have pools? Would a potential buyer expect there to be a pool? If pools are not common place in your area and/or have a very short season, you likely will not be adding much value to your home, and definitely not as much as the cost to put one in. In fact, Many potential home buyers view swimming pools as dangerous, expensive to maintain, and an insurance-claim waiting to happen. This money is better spent elsewhere as you are not likely to recoup the cost in a sale or appraisal.

Staying basic with landscaping will also save you in the long run. Some buyers and appraisers definitely appreciate good landscaping, but there is a line where elaborate landscaping no longer adds in value to what it costs. Keep in mind that potential buyers may not want to take on the upkeep work of elaborate landscaping and may not want to have to hire a professional landscaper to take care of it.

Trying to steer clear of high end upgrades will also be a wise choice. The cost of a full bathroom remodel could redo the flooring and paint throughout the entire home and this would be looked upon much more favorably by a potential buyer or appraiser in their assessment of value than you just having one high quality room.

Ok guys, hopefully these tips will keep you out of the red when choosing your renovation projects.  Remember working with good real estate comps to get a good deal on HUD properties on the front end, making solid rehab choices during, will result in a great profit in the end.

What Comes With A Property Valuation Report?

What Comes With A Property Valuation ReportA property valuation report is a report that shows the price rate of a particular property. Price rate of a property can also be called the market price of the property. Every property valuation company offers different services when delivering a report. It can be found that certain companies offer you more information rather than the valuation report alone. This will provide you with a lot of other details that one must follow during the buying or selling process.

 

 

What you receive with a Property Valuation Report:

• A list of registered proprietors or owners

• A description of property as per the laws which includes the structure of the land

• Zoning or Resource management

• Valuation includes the market rate of the property

Region:  Basic details and completed description of the property

This is a section in the valuation report where you will find the details of the property that provides a detail of the residential market value and the commercial market value. Other factors that do not affect the final price are ignored altogether.

A detailed description of the improvements:  A description about the improvements in the property valuation report is something that is considered as a very important part in the report. When there is a chance of improvement in the property, there is a large chance for the increase in its value. This is the reason why such details are described in the valuation report in a detailed manner.

It is very important to check the rates of the properties that are similar, and those that are found in the neighborhood.  Remember guys, you make your profit when you buy so do your research and make your mark!

Why I Love The Wholesale Flip

Why I Love The Wholesale Flip
There are ways to get started with real estate comps and real estate investing that allow you to get in with little to no risk or money, and will allow you to learn the business before you ever take a huge money commitment to do so.

Would you like my opinion of the best way to get started in real estate investing to minimize your risk and shorten your learning curve… all the while making nice money in the process?  My answer:  The wholesale flip – or in other words… wholesaling real estate, flipping houses for quick cash, flipping contracts, etc.

When you wholesale real estate you do everything a flipper would normally do… except you don’t actually repair the property and sell it to a retail buyer. But, you don’t have the risk or time commitment that a fix and flipper has.

Basically, you as a wholesale real estate flipper (or wholesaler for short), find properties that need work that you can purchase at a large discount and flip them for a fee to a rehabber who will do the work.

Your job is to find the properties, analyze the numbers to determine the repairs needed, create an offer that enables both you and the rehabber to make a profit, and sell the contract to a rehabber who will actually make the repairs.

Another reason for starting out doing wholesale real estate deals is that you learn the ropes of what it takes to be a rehabber. After analyzing several deals and talking to rehabbers to find out what they look for… you will have a good grasp on what a good deal is, how to accurately estimate repair costs, who the rehabbers use as contractors, etc.

So, you actually make money while you are getting an on-the-job education in real estate flipping and rehabbing!

Monthly Archives: January 2016

Make Room For A Backup Plan

Make Room For A Backup PlanWhen it comes to property investing, making sure the real estate comps are reliable helps to make solid offers.  However, while good investing is very much taking care of business, one must always have a “rainy day”- aka contingency budget – in place. The last thing you want to see is a $0 balance – or even worse, a negative one (if you have an overdraft) – in your bank account.

Any business entrepreneur will tell you, you need to know that there are days that you might experience a loss. The higher the return, the higher the risk. Even though you have accounted for these calculated risks, there are bound to be certain events that you don’t expect to occur or circumstances you didn’t know existed in the first place. It’s the nature of the beast.

So, budgeting is not only paramount, it is the solution. If you have not already done this, please do. The best way to do this is to set aside three (3) month expenses for a contingency account.

Finally guys,  I honestly can’t say it enough….sticking to your budget will help you keep your sanity and bottom line profit within reach.  I wish you the best in your deals and renovations!

Types Of Wholesale Deals

Types of Wholesale DealsKnowing the difference between types of real estate investments is key in making a substantial profit.  Real estate comps give you a foundation to make these deals happen.  Let’s discuss the two main styles:

The fix and flip – Where you buy real estate, rehab it, and sell it to a retail buyer. This is the kind that is on the TV shows.

The wholesale flip – Where you buy real estate (or get it under contract), find a wholesale buyer, and flip the contract. This kind has a ton of money in it…with a heck of a lot less risk.

To me, the fix and flip method is not for most newbie’s…even though that is the kind of real estate investing you see on TV all of the time.

It all boils down to the basics:

  • You need a good understanding of rehab costs
  • You need to have good funding… either from a private lender or a bank (private lender is preferable)
  • You need to be able to float the carrying costs if you can’t sell the property quickly
  • If you don’t calculate your costs just right… there may not be a whole lot of room for error… and room for error means greater risk for you!

Basically, you as a wholesale real estate flipper or investor (or wholesaler for short), find properties that need work that you can purchase at a large discount and flip them for a fee to a rehabber who will do the work.

Your job is to find the properties, analyze the numbers to determine the repairs needed, create an offer that enables both you and the rehabber that you will sell to make a profit, and sell the contract to a rehabber who will actually make the repairs.

Making Profit A Choice

Making Profit A ChoiceEvery property investor knows that real estate comps will help them determine what renovations can improve their home’s value and marketability. The amount of value certain improvements cost may not add as much value as the cost to do it.

Remember, a potential buyer or real estate appraiser may be unimpressed with certain improvements. What you must keep in mind is that what you view as a valuable upgrade may not be the same as what the real estate market sees as a valuable upgrade.  I want to share a few things that one would want to avoid adding to a property unnecessarily.

First on my list would be swimming pools. There aren’t many areas of the world where backyard pools are common place. Before adding a pool think about your neighborhood. Do the majority of properties have pools? Would a potential buyer expect there to be a pool? If pools are not common place in your area and/or have a very short season, you likely will not be adding much value to your home, and definitely not as much as the cost to put one in. In fact, Many potential home buyers view swimming pools as dangerous, expensive to maintain, and an insurance-claim waiting to happen. This money is better spent elsewhere as you are not likely to recoup the cost in a sale or appraisal.

Staying basic with landscaping will also save you in the long run. Some buyers and appraisers definitely appreciate good landscaping, but there is a line where elaborate landscaping no longer adds in value to what it costs. Keep in mind that potential buyers may not want to take on the upkeep work of elaborate landscaping and may not want to have to hire a professional landscaper to take care of it.

Trying to steer clear of high end upgrades will also be a wise choice. The cost of a full bathroom remodel could redo the flooring and paint throughout the entire home and this would be looked upon much more favorably by a potential buyer or appraiser in their assessment of value than you just having one high quality room.

Ok guys, hopefully these tips will keep you out of the red when choosing your renovation projects.  Remember working with good real estate comps to get a good deal on HUD properties on the front end, making solid rehab choices during, will result in a great profit in the end.

What Comes With A Property Valuation Report?

What Comes With A Property Valuation ReportA property valuation report is a report that shows the price rate of a particular property. Price rate of a property can also be called the market price of the property. Every property valuation company offers different services when delivering a report. It can be found that certain companies offer you more information rather than the valuation report alone. This will provide you with a lot of other details that one must follow during the buying or selling process.

 

 

What you receive with a Property Valuation Report:

• A list of registered proprietors or owners

• A description of property as per the laws which includes the structure of the land

• Zoning or Resource management

• Valuation includes the market rate of the property

Region:  Basic details and completed description of the property

This is a section in the valuation report where you will find the details of the property that provides a detail of the residential market value and the commercial market value. Other factors that do not affect the final price are ignored altogether.

A detailed description of the improvements:  A description about the improvements in the property valuation report is something that is considered as a very important part in the report. When there is a chance of improvement in the property, there is a large chance for the increase in its value. This is the reason why such details are described in the valuation report in a detailed manner.

It is very important to check the rates of the properties that are similar, and those that are found in the neighborhood.  Remember guys, you make your profit when you buy so do your research and make your mark!

Why I Love The Wholesale Flip

Why I Love The Wholesale Flip
There are ways to get started with real estate comps and real estate investing that allow you to get in with little to no risk or money, and will allow you to learn the business before you ever take a huge money commitment to do so.

Would you like my opinion of the best way to get started in real estate investing to minimize your risk and shorten your learning curve… all the while making nice money in the process?  My answer:  The wholesale flip – or in other words… wholesaling real estate, flipping houses for quick cash, flipping contracts, etc.

When you wholesale real estate you do everything a flipper would normally do… except you don’t actually repair the property and sell it to a retail buyer. But, you don’t have the risk or time commitment that a fix and flipper has.

Basically, you as a wholesale real estate flipper (or wholesaler for short), find properties that need work that you can purchase at a large discount and flip them for a fee to a rehabber who will do the work.

Your job is to find the properties, analyze the numbers to determine the repairs needed, create an offer that enables both you and the rehabber to make a profit, and sell the contract to a rehabber who will actually make the repairs.

Another reason for starting out doing wholesale real estate deals is that you learn the ropes of what it takes to be a rehabber. After analyzing several deals and talking to rehabbers to find out what they look for… you will have a good grasp on what a good deal is, how to accurately estimate repair costs, who the rehabbers use as contractors, etc.

So, you actually make money while you are getting an on-the-job education in real estate flipping and rehabbing!

Monthly Archives: January 2016

Make Room For A Backup Plan

Make Room For A Backup PlanWhen it comes to property investing, making sure the real estate comps are reliable helps to make solid offers.  However, while good investing is very much taking care of business, one must always have a “rainy day”- aka contingency budget – in place. The last thing you want to see is a $0 balance – or even worse, a negative one (if you have an overdraft) – in your bank account.

Any business entrepreneur will tell you, you need to know that there are days that you might experience a loss. The higher the return, the higher the risk. Even though you have accounted for these calculated risks, there are bound to be certain events that you don’t expect to occur or circumstances you didn’t know existed in the first place. It’s the nature of the beast.

So, budgeting is not only paramount, it is the solution. If you have not already done this, please do. The best way to do this is to set aside three (3) month expenses for a contingency account.

Finally guys,  I honestly can’t say it enough….sticking to your budget will help you keep your sanity and bottom line profit within reach.  I wish you the best in your deals and renovations!

Types Of Wholesale Deals

Types of Wholesale DealsKnowing the difference between types of real estate investments is key in making a substantial profit.  Real estate comps give you a foundation to make these deals happen.  Let’s discuss the two main styles:

The fix and flip – Where you buy real estate, rehab it, and sell it to a retail buyer. This is the kind that is on the TV shows.

The wholesale flip – Where you buy real estate (or get it under contract), find a wholesale buyer, and flip the contract. This kind has a ton of money in it…with a heck of a lot less risk.

To me, the fix and flip method is not for most newbie’s…even though that is the kind of real estate investing you see on TV all of the time.

It all boils down to the basics:

  • You need a good understanding of rehab costs
  • You need to have good funding… either from a private lender or a bank (private lender is preferable)
  • You need to be able to float the carrying costs if you can’t sell the property quickly
  • If you don’t calculate your costs just right… there may not be a whole lot of room for error… and room for error means greater risk for you!

Basically, you as a wholesale real estate flipper or investor (or wholesaler for short), find properties that need work that you can purchase at a large discount and flip them for a fee to a rehabber who will do the work.

Your job is to find the properties, analyze the numbers to determine the repairs needed, create an offer that enables both you and the rehabber that you will sell to make a profit, and sell the contract to a rehabber who will actually make the repairs.

Making Profit A Choice

Making Profit A ChoiceEvery property investor knows that real estate comps will help them determine what renovations can improve their home’s value and marketability. The amount of value certain improvements cost may not add as much value as the cost to do it.

Remember, a potential buyer or real estate appraiser may be unimpressed with certain improvements. What you must keep in mind is that what you view as a valuable upgrade may not be the same as what the real estate market sees as a valuable upgrade.  I want to share a few things that one would want to avoid adding to a property unnecessarily.

First on my list would be swimming pools. There aren’t many areas of the world where backyard pools are common place. Before adding a pool think about your neighborhood. Do the majority of properties have pools? Would a potential buyer expect there to be a pool? If pools are not common place in your area and/or have a very short season, you likely will not be adding much value to your home, and definitely not as much as the cost to put one in. In fact, Many potential home buyers view swimming pools as dangerous, expensive to maintain, and an insurance-claim waiting to happen. This money is better spent elsewhere as you are not likely to recoup the cost in a sale or appraisal.

Staying basic with landscaping will also save you in the long run. Some buyers and appraisers definitely appreciate good landscaping, but there is a line where elaborate landscaping no longer adds in value to what it costs. Keep in mind that potential buyers may not want to take on the upkeep work of elaborate landscaping and may not want to have to hire a professional landscaper to take care of it.

Trying to steer clear of high end upgrades will also be a wise choice. The cost of a full bathroom remodel could redo the flooring and paint throughout the entire home and this would be looked upon much more favorably by a potential buyer or appraiser in their assessment of value than you just having one high quality room.

Ok guys, hopefully these tips will keep you out of the red when choosing your renovation projects.  Remember working with good real estate comps to get a good deal on HUD properties on the front end, making solid rehab choices during, will result in a great profit in the end.

What Comes With A Property Valuation Report?

What Comes With A Property Valuation ReportA property valuation report is a report that shows the price rate of a particular property. Price rate of a property can also be called the market price of the property. Every property valuation company offers different services when delivering a report. It can be found that certain companies offer you more information rather than the valuation report alone. This will provide you with a lot of other details that one must follow during the buying or selling process.

 

 

What you receive with a Property Valuation Report:

• A list of registered proprietors or owners

• A description of property as per the laws which includes the structure of the land

• Zoning or Resource management

• Valuation includes the market rate of the property

Region:  Basic details and completed description of the property

This is a section in the valuation report where you will find the details of the property that provides a detail of the residential market value and the commercial market value. Other factors that do not affect the final price are ignored altogether.

A detailed description of the improvements:  A description about the improvements in the property valuation report is something that is considered as a very important part in the report. When there is a chance of improvement in the property, there is a large chance for the increase in its value. This is the reason why such details are described in the valuation report in a detailed manner.

It is very important to check the rates of the properties that are similar, and those that are found in the neighborhood.  Remember guys, you make your profit when you buy so do your research and make your mark!

Why I Love The Wholesale Flip

Why I Love The Wholesale Flip
There are ways to get started with real estate comps and real estate investing that allow you to get in with little to no risk or money, and will allow you to learn the business before you ever take a huge money commitment to do so.

Would you like my opinion of the best way to get started in real estate investing to minimize your risk and shorten your learning curve… all the while making nice money in the process?  My answer:  The wholesale flip – or in other words… wholesaling real estate, flipping houses for quick cash, flipping contracts, etc.

When you wholesale real estate you do everything a flipper would normally do… except you don’t actually repair the property and sell it to a retail buyer. But, you don’t have the risk or time commitment that a fix and flipper has.

Basically, you as a wholesale real estate flipper (or wholesaler for short), find properties that need work that you can purchase at a large discount and flip them for a fee to a rehabber who will do the work.

Your job is to find the properties, analyze the numbers to determine the repairs needed, create an offer that enables both you and the rehabber to make a profit, and sell the contract to a rehabber who will actually make the repairs.

Another reason for starting out doing wholesale real estate deals is that you learn the ropes of what it takes to be a rehabber. After analyzing several deals and talking to rehabbers to find out what they look for… you will have a good grasp on what a good deal is, how to accurately estimate repair costs, who the rehabbers use as contractors, etc.

So, you actually make money while you are getting an on-the-job education in real estate flipping and rehabbing!

Monthly Archives: January 2016

Make Room For A Backup Plan

Make Room For A Backup PlanWhen it comes to property investing, making sure the real estate comps are reliable helps to make solid offers.  However, while good investing is very much taking care of business, one must always have a “rainy day”- aka contingency budget – in place. The last thing you want to see is a $0 balance – or even worse, a negative one (if you have an overdraft) – in your bank account.

Any business entrepreneur will tell you, you need to know that there are days that you might experience a loss. The higher the return, the higher the risk. Even though you have accounted for these calculated risks, there are bound to be certain events that you don’t expect to occur or circumstances you didn’t know existed in the first place. It’s the nature of the beast.

So, budgeting is not only paramount, it is the solution. If you have not already done this, please do. The best way to do this is to set aside three (3) month expenses for a contingency account.

Finally guys,  I honestly can’t say it enough….sticking to your budget will help you keep your sanity and bottom line profit within reach.  I wish you the best in your deals and renovations!

Types Of Wholesale Deals

Types of Wholesale DealsKnowing the difference between types of real estate investments is key in making a substantial profit.  Real estate comps give you a foundation to make these deals happen.  Let’s discuss the two main styles:

The fix and flip – Where you buy real estate, rehab it, and sell it to a retail buyer. This is the kind that is on the TV shows.

The wholesale flip – Where you buy real estate (or get it under contract), find a wholesale buyer, and flip the contract. This kind has a ton of money in it…with a heck of a lot less risk.

To me, the fix and flip method is not for most newbie’s…even though that is the kind of real estate investing you see on TV all of the time.

It all boils down to the basics:

  • You need a good understanding of rehab costs
  • You need to have good funding… either from a private lender or a bank (private lender is preferable)
  • You need to be able to float the carrying costs if you can’t sell the property quickly
  • If you don’t calculate your costs just right… there may not be a whole lot of room for error… and room for error means greater risk for you!

Basically, you as a wholesale real estate flipper or investor (or wholesaler for short), find properties that need work that you can purchase at a large discount and flip them for a fee to a rehabber who will do the work.

Your job is to find the properties, analyze the numbers to determine the repairs needed, create an offer that enables both you and the rehabber that you will sell to make a profit, and sell the contract to a rehabber who will actually make the repairs.

Making Profit A Choice

Making Profit A ChoiceEvery property investor knows that real estate comps will help them determine what renovations can improve their home’s value and marketability. The amount of value certain improvements cost may not add as much value as the cost to do it.

Remember, a potential buyer or real estate appraiser may be unimpressed with certain improvements. What you must keep in mind is that what you view as a valuable upgrade may not be the same as what the real estate market sees as a valuable upgrade.  I want to share a few things that one would want to avoid adding to a property unnecessarily.

First on my list would be swimming pools. There aren’t many areas of the world where backyard pools are common place. Before adding a pool think about your neighborhood. Do the majority of properties have pools? Would a potential buyer expect there to be a pool? If pools are not common place in your area and/or have a very short season, you likely will not be adding much value to your home, and definitely not as much as the cost to put one in. In fact, Many potential home buyers view swimming pools as dangerous, expensive to maintain, and an insurance-claim waiting to happen. This money is better spent elsewhere as you are not likely to recoup the cost in a sale or appraisal.

Staying basic with landscaping will also save you in the long run. Some buyers and appraisers definitely appreciate good landscaping, but there is a line where elaborate landscaping no longer adds in value to what it costs. Keep in mind that potential buyers may not want to take on the upkeep work of elaborate landscaping and may not want to have to hire a professional landscaper to take care of it.

Trying to steer clear of high end upgrades will also be a wise choice. The cost of a full bathroom remodel could redo the flooring and paint throughout the entire home and this would be looked upon much more favorably by a potential buyer or appraiser in their assessment of value than you just having one high quality room.

Ok guys, hopefully these tips will keep you out of the red when choosing your renovation projects.  Remember working with good real estate comps to get a good deal on HUD properties on the front end, making solid rehab choices during, will result in a great profit in the end.

What Comes With A Property Valuation Report?

What Comes With A Property Valuation ReportA property valuation report is a report that shows the price rate of a particular property. Price rate of a property can also be called the market price of the property. Every property valuation company offers different services when delivering a report. It can be found that certain companies offer you more information rather than the valuation report alone. This will provide you with a lot of other details that one must follow during the buying or selling process.

 

 

What you receive with a Property Valuation Report:

• A list of registered proprietors or owners

• A description of property as per the laws which includes the structure of the land

• Zoning or Resource management

• Valuation includes the market rate of the property

Region:  Basic details and completed description of the property

This is a section in the valuation report where you will find the details of the property that provides a detail of the residential market value and the commercial market value. Other factors that do not affect the final price are ignored altogether.

A detailed description of the improvements:  A description about the improvements in the property valuation report is something that is considered as a very important part in the report. When there is a chance of improvement in the property, there is a large chance for the increase in its value. This is the reason why such details are described in the valuation report in a detailed manner.

It is very important to check the rates of the properties that are similar, and those that are found in the neighborhood.  Remember guys, you make your profit when you buy so do your research and make your mark!

Why I Love The Wholesale Flip

Why I Love The Wholesale Flip
There are ways to get started with real estate comps and real estate investing that allow you to get in with little to no risk or money, and will allow you to learn the business before you ever take a huge money commitment to do so.

Would you like my opinion of the best way to get started in real estate investing to minimize your risk and shorten your learning curve… all the while making nice money in the process?  My answer:  The wholesale flip – or in other words… wholesaling real estate, flipping houses for quick cash, flipping contracts, etc.

When you wholesale real estate you do everything a flipper would normally do… except you don’t actually repair the property and sell it to a retail buyer. But, you don’t have the risk or time commitment that a fix and flipper has.

Basically, you as a wholesale real estate flipper (or wholesaler for short), find properties that need work that you can purchase at a large discount and flip them for a fee to a rehabber who will do the work.

Your job is to find the properties, analyze the numbers to determine the repairs needed, create an offer that enables both you and the rehabber to make a profit, and sell the contract to a rehabber who will actually make the repairs.

Another reason for starting out doing wholesale real estate deals is that you learn the ropes of what it takes to be a rehabber. After analyzing several deals and talking to rehabbers to find out what they look for… you will have a good grasp on what a good deal is, how to accurately estimate repair costs, who the rehabbers use as contractors, etc.

So, you actually make money while you are getting an on-the-job education in real estate flipping and rehabbing!

Monthly Archives: January 2016

Make Room For A Backup Plan

Make Room For A Backup PlanWhen it comes to property investing, making sure the real estate comps are reliable helps to make solid offers.  However, while good investing is very much taking care of business, one must always have a “rainy day”- aka contingency budget – in place. The last thing you want to see is a $0 balance – or even worse, a negative one (if you have an overdraft) – in your bank account.

Any business entrepreneur will tell you, you need to know that there are days that you might experience a loss. The higher the return, the higher the risk. Even though you have accounted for these calculated risks, there are bound to be certain events that you don’t expect to occur or circumstances you didn’t know existed in the first place. It’s the nature of the beast.

So, budgeting is not only paramount, it is the solution. If you have not already done this, please do. The best way to do this is to set aside three (3) month expenses for a contingency account.

Finally guys,  I honestly can’t say it enough….sticking to your budget will help you keep your sanity and bottom line profit within reach.  I wish you the best in your deals and renovations!

Types Of Wholesale Deals

Types of Wholesale DealsKnowing the difference between types of real estate investments is key in making a substantial profit.  Real estate comps give you a foundation to make these deals happen.  Let’s discuss the two main styles:

The fix and flip – Where you buy real estate, rehab it, and sell it to a retail buyer. This is the kind that is on the TV shows.

The wholesale flip – Where you buy real estate (or get it under contract), find a wholesale buyer, and flip the contract. This kind has a ton of money in it…with a heck of a lot less risk.

To me, the fix and flip method is not for most newbie’s…even though that is the kind of real estate investing you see on TV all of the time.

It all boils down to the basics:

  • You need a good understanding of rehab costs
  • You need to have good funding… either from a private lender or a bank (private lender is preferable)
  • You need to be able to float the carrying costs if you can’t sell the property quickly
  • If you don’t calculate your costs just right… there may not be a whole lot of room for error… and room for error means greater risk for you!

Basically, you as a wholesale real estate flipper or investor (or wholesaler for short), find properties that need work that you can purchase at a large discount and flip them for a fee to a rehabber who will do the work.

Your job is to find the properties, analyze the numbers to determine the repairs needed, create an offer that enables both you and the rehabber that you will sell to make a profit, and sell the contract to a rehabber who will actually make the repairs.

Making Profit A Choice

Making Profit A ChoiceEvery property investor knows that real estate comps will help them determine what renovations can improve their home’s value and marketability. The amount of value certain improvements cost may not add as much value as the cost to do it.

Remember, a potential buyer or real estate appraiser may be unimpressed with certain improvements. What you must keep in mind is that what you view as a valuable upgrade may not be the same as what the real estate market sees as a valuable upgrade.  I want to share a few things that one would want to avoid adding to a property unnecessarily.

First on my list would be swimming pools. There aren’t many areas of the world where backyard pools are common place. Before adding a pool think about your neighborhood. Do the majority of properties have pools? Would a potential buyer expect there to be a pool? If pools are not common place in your area and/or have a very short season, you likely will not be adding much value to your home, and definitely not as much as the cost to put one in. In fact, Many potential home buyers view swimming pools as dangerous, expensive to maintain, and an insurance-claim waiting to happen. This money is better spent elsewhere as you are not likely to recoup the cost in a sale or appraisal.

Staying basic with landscaping will also save you in the long run. Some buyers and appraisers definitely appreciate good landscaping, but there is a line where elaborate landscaping no longer adds in value to what it costs. Keep in mind that potential buyers may not want to take on the upkeep work of elaborate landscaping and may not want to have to hire a professional landscaper to take care of it.

Trying to steer clear of high end upgrades will also be a wise choice. The cost of a full bathroom remodel could redo the flooring and paint throughout the entire home and this would be looked upon much more favorably by a potential buyer or appraiser in their assessment of value than you just having one high quality room.

Ok guys, hopefully these tips will keep you out of the red when choosing your renovation projects.  Remember working with good real estate comps to get a good deal on HUD properties on the front end, making solid rehab choices during, will result in a great profit in the end.

What Comes With A Property Valuation Report?

What Comes With A Property Valuation ReportA property valuation report is a report that shows the price rate of a particular property. Price rate of a property can also be called the market price of the property. Every property valuation company offers different services when delivering a report. It can be found that certain companies offer you more information rather than the valuation report alone. This will provide you with a lot of other details that one must follow during the buying or selling process.

 

 

What you receive with a Property Valuation Report:

• A list of registered proprietors or owners

• A description of property as per the laws which includes the structure of the land

• Zoning or Resource management

• Valuation includes the market rate of the property

Region:  Basic details and completed description of the property

This is a section in the valuation report where you will find the details of the property that provides a detail of the residential market value and the commercial market value. Other factors that do not affect the final price are ignored altogether.

A detailed description of the improvements:  A description about the improvements in the property valuation report is something that is considered as a very important part in the report. When there is a chance of improvement in the property, there is a large chance for the increase in its value. This is the reason why such details are described in the valuation report in a detailed manner.

It is very important to check the rates of the properties that are similar, and those that are found in the neighborhood.  Remember guys, you make your profit when you buy so do your research and make your mark!

Why I Love The Wholesale Flip

Why I Love The Wholesale Flip
There are ways to get started with real estate comps and real estate investing that allow you to get in with little to no risk or money, and will allow you to learn the business before you ever take a huge money commitment to do so.

Would you like my opinion of the best way to get started in real estate investing to minimize your risk and shorten your learning curve… all the while making nice money in the process?  My answer:  The wholesale flip – or in other words… wholesaling real estate, flipping houses for quick cash, flipping contracts, etc.

When you wholesale real estate you do everything a flipper would normally do… except you don’t actually repair the property and sell it to a retail buyer. But, you don’t have the risk or time commitment that a fix and flipper has.

Basically, you as a wholesale real estate flipper (or wholesaler for short), find properties that need work that you can purchase at a large discount and flip them for a fee to a rehabber who will do the work.

Your job is to find the properties, analyze the numbers to determine the repairs needed, create an offer that enables both you and the rehabber to make a profit, and sell the contract to a rehabber who will actually make the repairs.

Another reason for starting out doing wholesale real estate deals is that you learn the ropes of what it takes to be a rehabber. After analyzing several deals and talking to rehabbers to find out what they look for… you will have a good grasp on what a good deal is, how to accurately estimate repair costs, who the rehabbers use as contractors, etc.

So, you actually make money while you are getting an on-the-job education in real estate flipping and rehabbing!

Monthly Archives: January 2016

Make Room For A Backup Plan

Make Room For A Backup PlanWhen it comes to property investing, making sure the real estate comps are reliable helps to make solid offers.  However, while good investing is very much taking care of business, one must always have a “rainy day”- aka contingency budget – in place. The last thing you want to see is a $0 balance – or even worse, a negative one (if you have an overdraft) – in your bank account.

Any business entrepreneur will tell you, you need to know that there are days that you might experience a loss. The higher the return, the higher the risk. Even though you have accounted for these calculated risks, there are bound to be certain events that you don’t expect to occur or circumstances you didn’t know existed in the first place. It’s the nature of the beast.

So, budgeting is not only paramount, it is the solution. If you have not already done this, please do. The best way to do this is to set aside three (3) month expenses for a contingency account.

Finally guys,  I honestly can’t say it enough….sticking to your budget will help you keep your sanity and bottom line profit within reach.  I wish you the best in your deals and renovations!

Types Of Wholesale Deals

Types of Wholesale DealsKnowing the difference between types of real estate investments is key in making a substantial profit.  Real estate comps give you a foundation to make these deals happen.  Let’s discuss the two main styles:

The fix and flip – Where you buy real estate, rehab it, and sell it to a retail buyer. This is the kind that is on the TV shows.

The wholesale flip – Where you buy real estate (or get it under contract), find a wholesale buyer, and flip the contract. This kind has a ton of money in it…with a heck of a lot less risk.

To me, the fix and flip method is not for most newbie’s…even though that is the kind of real estate investing you see on TV all of the time.

It all boils down to the basics:

  • You need a good understanding of rehab costs
  • You need to have good funding… either from a private lender or a bank (private lender is preferable)
  • You need to be able to float the carrying costs if you can’t sell the property quickly
  • If you don’t calculate your costs just right… there may not be a whole lot of room for error… and room for error means greater risk for you!

Basically, you as a wholesale real estate flipper or investor (or wholesaler for short), find properties that need work that you can purchase at a large discount and flip them for a fee to a rehabber who will do the work.

Your job is to find the properties, analyze the numbers to determine the repairs needed, create an offer that enables both you and the rehabber that you will sell to make a profit, and sell the contract to a rehabber who will actually make the repairs.

Making Profit A Choice

Making Profit A ChoiceEvery property investor knows that real estate comps will help them determine what renovations can improve their home’s value and marketability. The amount of value certain improvements cost may not add as much value as the cost to do it.

Remember, a potential buyer or real estate appraiser may be unimpressed with certain improvements. What you must keep in mind is that what you view as a valuable upgrade may not be the same as what the real estate market sees as a valuable upgrade.  I want to share a few things that one would want to avoid adding to a property unnecessarily.

First on my list would be swimming pools. There aren’t many areas of the world where backyard pools are common place. Before adding a pool think about your neighborhood. Do the majority of properties have pools? Would a potential buyer expect there to be a pool? If pools are not common place in your area and/or have a very short season, you likely will not be adding much value to your home, and definitely not as much as the cost to put one in. In fact, Many potential home buyers view swimming pools as dangerous, expensive to maintain, and an insurance-claim waiting to happen. This money is better spent elsewhere as you are not likely to recoup the cost in a sale or appraisal.

Staying basic with landscaping will also save you in the long run. Some buyers and appraisers definitely appreciate good landscaping, but there is a line where elaborate landscaping no longer adds in value to what it costs. Keep in mind that potential buyers may not want to take on the upkeep work of elaborate landscaping and may not want to have to hire a professional landscaper to take care of it.

Trying to steer clear of high end upgrades will also be a wise choice. The cost of a full bathroom remodel could redo the flooring and paint throughout the entire home and this would be looked upon much more favorably by a potential buyer or appraiser in their assessment of value than you just having one high quality room.

Ok guys, hopefully these tips will keep you out of the red when choosing your renovation projects.  Remember working with good real estate comps to get a good deal on HUD properties on the front end, making solid rehab choices during, will result in a great profit in the end.

What Comes With A Property Valuation Report?

What Comes With A Property Valuation ReportA property valuation report is a report that shows the price rate of a particular property. Price rate of a property can also be called the market price of the property. Every property valuation company offers different services when delivering a report. It can be found that certain companies offer you more information rather than the valuation report alone. This will provide you with a lot of other details that one must follow during the buying or selling process.

 

 

What you receive with a Property Valuation Report:

• A list of registered proprietors or owners

• A description of property as per the laws which includes the structure of the land

• Zoning or Resource management

• Valuation includes the market rate of the property

Region:  Basic details and completed description of the property

This is a section in the valuation report where you will find the details of the property that provides a detail of the residential market value and the commercial market value. Other factors that do not affect the final price are ignored altogether.

A detailed description of the improvements:  A description about the improvements in the property valuation report is something that is considered as a very important part in the report. When there is a chance of improvement in the property, there is a large chance for the increase in its value. This is the reason why such details are described in the valuation report in a detailed manner.

It is very important to check the rates of the properties that are similar, and those that are found in the neighborhood.  Remember guys, you make your profit when you buy so do your research and make your mark!

Why I Love The Wholesale Flip

Why I Love The Wholesale Flip
There are ways to get started with real estate comps and real estate investing that allow you to get in with little to no risk or money, and will allow you to learn the business before you ever take a huge money commitment to do so.

Would you like my opinion of the best way to get started in real estate investing to minimize your risk and shorten your learning curve… all the while making nice money in the process?  My answer:  The wholesale flip – or in other words… wholesaling real estate, flipping houses for quick cash, flipping contracts, etc.

When you wholesale real estate you do everything a flipper would normally do… except you don’t actually repair the property and sell it to a retail buyer. But, you don’t have the risk or time commitment that a fix and flipper has.

Basically, you as a wholesale real estate flipper (or wholesaler for short), find properties that need work that you can purchase at a large discount and flip them for a fee to a rehabber who will do the work.

Your job is to find the properties, analyze the numbers to determine the repairs needed, create an offer that enables both you and the rehabber to make a profit, and sell the contract to a rehabber who will actually make the repairs.

Another reason for starting out doing wholesale real estate deals is that you learn the ropes of what it takes to be a rehabber. After analyzing several deals and talking to rehabbers to find out what they look for… you will have a good grasp on what a good deal is, how to accurately estimate repair costs, who the rehabbers use as contractors, etc.

So, you actually make money while you are getting an on-the-job education in real estate flipping and rehabbing!

Monthly Archives: January 2016

Make Room For A Backup Plan

Make Room For A Backup PlanWhen it comes to property investing, making sure the real estate comps are reliable helps to make solid offers.  However, while good investing is very much taking care of business, one must always have a “rainy day”- aka contingency budget – in place. The last thing you want to see is a $0 balance – or even worse, a negative one (if you have an overdraft) – in your bank account.

Any business entrepreneur will tell you, you need to know that there are days that you might experience a loss. The higher the return, the higher the risk. Even though you have accounted for these calculated risks, there are bound to be certain events that you don’t expect to occur or circumstances you didn’t know existed in the first place. It’s the nature of the beast.

So, budgeting is not only paramount, it is the solution. If you have not already done this, please do. The best way to do this is to set aside three (3) month expenses for a contingency account.

Finally guys,  I honestly can’t say it enough….sticking to your budget will help you keep your sanity and bottom line profit within reach.  I wish you the best in your deals and renovations!

Types Of Wholesale Deals

Types of Wholesale DealsKnowing the difference between types of real estate investments is key in making a substantial profit.  Real estate comps give you a foundation to make these deals happen.  Let’s discuss the two main styles:

The fix and flip – Where you buy real estate, rehab it, and sell it to a retail buyer. This is the kind that is on the TV shows.

The wholesale flip – Where you buy real estate (or get it under contract), find a wholesale buyer, and flip the contract. This kind has a ton of money in it…with a heck of a lot less risk.

To me, the fix and flip method is not for most newbie’s…even though that is the kind of real estate investing you see on TV all of the time.

It all boils down to the basics:

  • You need a good understanding of rehab costs
  • You need to have good funding… either from a private lender or a bank (private lender is preferable)
  • You need to be able to float the carrying costs if you can’t sell the property quickly
  • If you don’t calculate your costs just right… there may not be a whole lot of room for error… and room for error means greater risk for you!

Basically, you as a wholesale real estate flipper or investor (or wholesaler for short), find properties that need work that you can purchase at a large discount and flip them for a fee to a rehabber who will do the work.

Your job is to find the properties, analyze the numbers to determine the repairs needed, create an offer that enables both you and the rehabber that you will sell to make a profit, and sell the contract to a rehabber who will actually make the repairs.

Making Profit A Choice

Making Profit A ChoiceEvery property investor knows that real estate comps will help them determine what renovations can improve their home’s value and marketability. The amount of value certain improvements cost may not add as much value as the cost to do it.

Remember, a potential buyer or real estate appraiser may be unimpressed with certain improvements. What you must keep in mind is that what you view as a valuable upgrade may not be the same as what the real estate market sees as a valuable upgrade.  I want to share a few things that one would want to avoid adding to a property unnecessarily.

First on my list would be swimming pools. There aren’t many areas of the world where backyard pools are common place. Before adding a pool think about your neighborhood. Do the majority of properties have pools? Would a potential buyer expect there to be a pool? If pools are not common place in your area and/or have a very short season, you likely will not be adding much value to your home, and definitely not as much as the cost to put one in. In fact, Many potential home buyers view swimming pools as dangerous, expensive to maintain, and an insurance-claim waiting to happen. This money is better spent elsewhere as you are not likely to recoup the cost in a sale or appraisal.

Staying basic with landscaping will also save you in the long run. Some buyers and appraisers definitely appreciate good landscaping, but there is a line where elaborate landscaping no longer adds in value to what it costs. Keep in mind that potential buyers may not want to take on the upkeep work of elaborate landscaping and may not want to have to hire a professional landscaper to take care of it.

Trying to steer clear of high end upgrades will also be a wise choice. The cost of a full bathroom remodel could redo the flooring and paint throughout the entire home and this would be looked upon much more favorably by a potential buyer or appraiser in their assessment of value than you just having one high quality room.

Ok guys, hopefully these tips will keep you out of the red when choosing your renovation projects.  Remember working with good real estate comps to get a good deal on HUD properties on the front end, making solid rehab choices during, will result in a great profit in the end.

What Comes With A Property Valuation Report?

What Comes With A Property Valuation ReportA property valuation report is a report that shows the price rate of a particular property. Price rate of a property can also be called the market price of the property. Every property valuation company offers different services when delivering a report. It can be found that certain companies offer you more information rather than the valuation report alone. This will provide you with a lot of other details that one must follow during the buying or selling process.

 

 

What you receive with a Property Valuation Report:

• A list of registered proprietors or owners

• A description of property as per the laws which includes the structure of the land

• Zoning or Resource management

• Valuation includes the market rate of the property

Region:  Basic details and completed description of the property

This is a section in the valuation report where you will find the details of the property that provides a detail of the residential market value and the commercial market value. Other factors that do not affect the final price are ignored altogether.

A detailed description of the improvements:  A description about the improvements in the property valuation report is something that is considered as a very important part in the report. When there is a chance of improvement in the property, there is a large chance for the increase in its value. This is the reason why such details are described in the valuation report in a detailed manner.

It is very important to check the rates of the properties that are similar, and those that are found in the neighborhood.  Remember guys, you make your profit when you buy so do your research and make your mark!

Why I Love The Wholesale Flip

Why I Love The Wholesale Flip
There are ways to get started with real estate comps and real estate investing that allow you to get in with little to no risk or money, and will allow you to learn the business before you ever take a huge money commitment to do so.

Would you like my opinion of the best way to get started in real estate investing to minimize your risk and shorten your learning curve… all the while making nice money in the process?  My answer:  The wholesale flip – or in other words… wholesaling real estate, flipping houses for quick cash, flipping contracts, etc.

When you wholesale real estate you do everything a flipper would normally do… except you don’t actually repair the property and sell it to a retail buyer. But, you don’t have the risk or time commitment that a fix and flipper has.

Basically, you as a wholesale real estate flipper (or wholesaler for short), find properties that need work that you can purchase at a large discount and flip them for a fee to a rehabber who will do the work.

Your job is to find the properties, analyze the numbers to determine the repairs needed, create an offer that enables both you and the rehabber to make a profit, and sell the contract to a rehabber who will actually make the repairs.

Another reason for starting out doing wholesale real estate deals is that you learn the ropes of what it takes to be a rehabber. After analyzing several deals and talking to rehabbers to find out what they look for… you will have a good grasp on what a good deal is, how to accurately estimate repair costs, who the rehabbers use as contractors, etc.

So, you actually make money while you are getting an on-the-job education in real estate flipping and rehabbing!

Monthly Archives: January 2016

Make Room For A Backup Plan

Make Room For A Backup PlanWhen it comes to property investing, making sure the real estate comps are reliable helps to make solid offers.  However, while good investing is very much taking care of business, one must always have a “rainy day”- aka contingency budget – in place. The last thing you want to see is a $0 balance – or even worse, a negative one (if you have an overdraft) – in your bank account.

Any business entrepreneur will tell you, you need to know that there are days that you might experience a loss. The higher the return, the higher the risk. Even though you have accounted for these calculated risks, there are bound to be certain events that you don’t expect to occur or circumstances you didn’t know existed in the first place. It’s the nature of the beast.

So, budgeting is not only paramount, it is the solution. If you have not already done this, please do. The best way to do this is to set aside three (3) month expenses for a contingency account.

Finally guys,  I honestly can’t say it enough….sticking to your budget will help you keep your sanity and bottom line profit within reach.  I wish you the best in your deals and renovations!

Types Of Wholesale Deals

Types of Wholesale DealsKnowing the difference between types of real estate investments is key in making a substantial profit.  Real estate comps give you a foundation to make these deals happen.  Let’s discuss the two main styles:

The fix and flip – Where you buy real estate, rehab it, and sell it to a retail buyer. This is the kind that is on the TV shows.

The wholesale flip – Where you buy real estate (or get it under contract), find a wholesale buyer, and flip the contract. This kind has a ton of money in it…with a heck of a lot less risk.

To me, the fix and flip method is not for most newbie’s…even though that is the kind of real estate investing you see on TV all of the time.

It all boils down to the basics:

  • You need a good understanding of rehab costs
  • You need to have good funding… either from a private lender or a bank (private lender is preferable)
  • You need to be able to float the carrying costs if you can’t sell the property quickly
  • If you don’t calculate your costs just right… there may not be a whole lot of room for error… and room for error means greater risk for you!

Basically, you as a wholesale real estate flipper or investor (or wholesaler for short), find properties that need work that you can purchase at a large discount and flip them for a fee to a rehabber who will do the work.

Your job is to find the properties, analyze the numbers to determine the repairs needed, create an offer that enables both you and the rehabber that you will sell to make a profit, and sell the contract to a rehabber who will actually make the repairs.

Making Profit A Choice

Making Profit A ChoiceEvery property investor knows that real estate comps will help them determine what renovations can improve their home’s value and marketability. The amount of value certain improvements cost may not add as much value as the cost to do it.

Remember, a potential buyer or real estate appraiser may be unimpressed with certain improvements. What you must keep in mind is that what you view as a valuable upgrade may not be the same as what the real estate market sees as a valuable upgrade.  I want to share a few things that one would want to avoid adding to a property unnecessarily.

First on my list would be swimming pools. There aren’t many areas of the world where backyard pools are common place. Before adding a pool think about your neighborhood. Do the majority of properties have pools? Would a potential buyer expect there to be a pool? If pools are not common place in your area and/or have a very short season, you likely will not be adding much value to your home, and definitely not as much as the cost to put one in. In fact, Many potential home buyers view swimming pools as dangerous, expensive to maintain, and an insurance-claim waiting to happen. This money is better spent elsewhere as you are not likely to recoup the cost in a sale or appraisal.

Staying basic with landscaping will also save you in the long run. Some buyers and appraisers definitely appreciate good landscaping, but there is a line where elaborate landscaping no longer adds in value to what it costs. Keep in mind that potential buyers may not want to take on the upkeep work of elaborate landscaping and may not want to have to hire a professional landscaper to take care of it.

Trying to steer clear of high end upgrades will also be a wise choice. The cost of a full bathroom remodel could redo the flooring and paint throughout the entire home and this would be looked upon much more favorably by a potential buyer or appraiser in their assessment of value than you just having one high quality room.

Ok guys, hopefully these tips will keep you out of the red when choosing your renovation projects.  Remember working with good real estate comps to get a good deal on HUD properties on the front end, making solid rehab choices during, will result in a great profit in the end.

What Comes With A Property Valuation Report?

What Comes With A Property Valuation ReportA property valuation report is a report that shows the price rate of a particular property. Price rate of a property can also be called the market price of the property. Every property valuation company offers different services when delivering a report. It can be found that certain companies offer you more information rather than the valuation report alone. This will provide you with a lot of other details that one must follow during the buying or selling process.

 

 

What you receive with a Property Valuation Report:

• A list of registered proprietors or owners

• A description of property as per the laws which includes the structure of the land

• Zoning or Resource management

• Valuation includes the market rate of the property

Region:  Basic details and completed description of the property

This is a section in the valuation report where you will find the details of the property that provides a detail of the residential market value and the commercial market value. Other factors that do not affect the final price are ignored altogether.

A detailed description of the improvements:  A description about the improvements in the property valuation report is something that is considered as a very important part in the report. When there is a chance of improvement in the property, there is a large chance for the increase in its value. This is the reason why such details are described in the valuation report in a detailed manner.

It is very important to check the rates of the properties that are similar, and those that are found in the neighborhood.  Remember guys, you make your profit when you buy so do your research and make your mark!

Why I Love The Wholesale Flip

Why I Love The Wholesale Flip
There are ways to get started with real estate comps and real estate investing that allow you to get in with little to no risk or money, and will allow you to learn the business before you ever take a huge money commitment to do so.

Would you like my opinion of the best way to get started in real estate investing to minimize your risk and shorten your learning curve… all the while making nice money in the process?  My answer:  The wholesale flip – or in other words… wholesaling real estate, flipping houses for quick cash, flipping contracts, etc.

When you wholesale real estate you do everything a flipper would normally do… except you don’t actually repair the property and sell it to a retail buyer. But, you don’t have the risk or time commitment that a fix and flipper has.

Basically, you as a wholesale real estate flipper (or wholesaler for short), find properties that need work that you can purchase at a large discount and flip them for a fee to a rehabber who will do the work.

Your job is to find the properties, analyze the numbers to determine the repairs needed, create an offer that enables both you and the rehabber to make a profit, and sell the contract to a rehabber who will actually make the repairs.

Another reason for starting out doing wholesale real estate deals is that you learn the ropes of what it takes to be a rehabber. After analyzing several deals and talking to rehabbers to find out what they look for… you will have a good grasp on what a good deal is, how to accurately estimate repair costs, who the rehabbers use as contractors, etc.

So, you actually make money while you are getting an on-the-job education in real estate flipping and rehabbing!

Monthly Archives: January 2016

Make Room For A Backup Plan

Make Room For A Backup PlanWhen it comes to property investing, making sure the real estate comps are reliable helps to make solid offers.  However, while good investing is very much taking care of business, one must always have a “rainy day”- aka contingency budget – in place. The last thing you want to see is a $0 balance – or even worse, a negative one (if you have an overdraft) – in your bank account.

Any business entrepreneur will tell you, you need to know that there are days that you might experience a loss. The higher the return, the higher the risk. Even though you have accounted for these calculated risks, there are bound to be certain events that you don’t expect to occur or circumstances you didn’t know existed in the first place. It’s the nature of the beast.

So, budgeting is not only paramount, it is the solution. If you have not already done this, please do. The best way to do this is to set aside three (3) month expenses for a contingency account.

Finally guys,  I honestly can’t say it enough….sticking to your budget will help you keep your sanity and bottom line profit within reach.  I wish you the best in your deals and renovations!

Types Of Wholesale Deals

Types of Wholesale DealsKnowing the difference between types of real estate investments is key in making a substantial profit.  Real estate comps give you a foundation to make these deals happen.  Let’s discuss the two main styles:

The fix and flip – Where you buy real estate, rehab it, and sell it to a retail buyer. This is the kind that is on the TV shows.

The wholesale flip – Where you buy real estate (or get it under contract), find a wholesale buyer, and flip the contract. This kind has a ton of money in it…with a heck of a lot less risk.

To me, the fix and flip method is not for most newbie’s…even though that is the kind of real estate investing you see on TV all of the time.

It all boils down to the basics:

  • You need a good understanding of rehab costs
  • You need to have good funding… either from a private lender or a bank (private lender is preferable)
  • You need to be able to float the carrying costs if you can’t sell the property quickly
  • If you don’t calculate your costs just right… there may not be a whole lot of room for error… and room for error means greater risk for you!

Basically, you as a wholesale real estate flipper or investor (or wholesaler for short), find properties that need work that you can purchase at a large discount and flip them for a fee to a rehabber who will do the work.

Your job is to find the properties, analyze the numbers to determine the repairs needed, create an offer that enables both you and the rehabber that you will sell to make a profit, and sell the contract to a rehabber who will actually make the repairs.

Making Profit A Choice

Making Profit A ChoiceEvery property investor knows that real estate comps will help them determine what renovations can improve their home’s value and marketability. The amount of value certain improvements cost may not add as much value as the cost to do it.

Remember, a potential buyer or real estate appraiser may be unimpressed with certain improvements. What you must keep in mind is that what you view as a valuable upgrade may not be the same as what the real estate market sees as a valuable upgrade.  I want to share a few things that one would want to avoid adding to a property unnecessarily.

First on my list would be swimming pools. There aren’t many areas of the world where backyard pools are common place. Before adding a pool think about your neighborhood. Do the majority of properties have pools? Would a potential buyer expect there to be a pool? If pools are not common place in your area and/or have a very short season, you likely will not be adding much value to your home, and definitely not as much as the cost to put one in. In fact, Many potential home buyers view swimming pools as dangerous, expensive to maintain, and an insurance-claim waiting to happen. This money is better spent elsewhere as you are not likely to recoup the cost in a sale or appraisal.

Staying basic with landscaping will also save you in the long run. Some buyers and appraisers definitely appreciate good landscaping, but there is a line where elaborate landscaping no longer adds in value to what it costs. Keep in mind that potential buyers may not want to take on the upkeep work of elaborate landscaping and may not want to have to hire a professional landscaper to take care of it.

Trying to steer clear of high end upgrades will also be a wise choice. The cost of a full bathroom remodel could redo the flooring and paint throughout the entire home and this would be looked upon much more favorably by a potential buyer or appraiser in their assessment of value than you just having one high quality room.

Ok guys, hopefully these tips will keep you out of the red when choosing your renovation projects.  Remember working with good real estate comps to get a good deal on HUD properties on the front end, making solid rehab choices during, will result in a great profit in the end.

What Comes With A Property Valuation Report?

What Comes With A Property Valuation ReportA property valuation report is a report that shows the price rate of a particular property. Price rate of a property can also be called the market price of the property. Every property valuation company offers different services when delivering a report. It can be found that certain companies offer you more information rather than the valuation report alone. This will provide you with a lot of other details that one must follow during the buying or selling process.

 

 

What you receive with a Property Valuation Report:

• A list of registered proprietors or owners

• A description of property as per the laws which includes the structure of the land

• Zoning or Resource management

• Valuation includes the market rate of the property

Region:  Basic details and completed description of the property

This is a section in the valuation report where you will find the details of the property that provides a detail of the residential market value and the commercial market value. Other factors that do not affect the final price are ignored altogether.

A detailed description of the improvements:  A description about the improvements in the property valuation report is something that is considered as a very important part in the report. When there is a chance of improvement in the property, there is a large chance for the increase in its value. This is the reason why such details are described in the valuation report in a detailed manner.

It is very important to check the rates of the properties that are similar, and those that are found in the neighborhood.  Remember guys, you make your profit when you buy so do your research and make your mark!

Why I Love The Wholesale Flip

Why I Love The Wholesale Flip
There are ways to get started with real estate comps and real estate investing that allow you to get in with little to no risk or money, and will allow you to learn the business before you ever take a huge money commitment to do so.

Would you like my opinion of the best way to get started in real estate investing to minimize your risk and shorten your learning curve… all the while making nice money in the process?  My answer:  The wholesale flip – or in other words… wholesaling real estate, flipping houses for quick cash, flipping contracts, etc.

When you wholesale real estate you do everything a flipper would normally do… except you don’t actually repair the property and sell it to a retail buyer. But, you don’t have the risk or time commitment that a fix and flipper has.

Basically, you as a wholesale real estate flipper (or wholesaler for short), find properties that need work that you can purchase at a large discount and flip them for a fee to a rehabber who will do the work.

Your job is to find the properties, analyze the numbers to determine the repairs needed, create an offer that enables both you and the rehabber to make a profit, and sell the contract to a rehabber who will actually make the repairs.

Another reason for starting out doing wholesale real estate deals is that you learn the ropes of what it takes to be a rehabber. After analyzing several deals and talking to rehabbers to find out what they look for… you will have a good grasp on what a good deal is, how to accurately estimate repair costs, who the rehabbers use as contractors, etc.

So, you actually make money while you are getting an on-the-job education in real estate flipping and rehabbing!

Monthly Archives: January 2016

Make Room For A Backup Plan

Make Room For A Backup PlanWhen it comes to property investing, making sure the real estate comps are reliable helps to make solid offers.  However, while good investing is very much taking care of business, one must always have a “rainy day”- aka contingency budget – in place. The last thing you want to see is a $0 balance – or even worse, a negative one (if you have an overdraft) – in your bank account.

Any business entrepreneur will tell you, you need to know that there are days that you might experience a loss. The higher the return, the higher the risk. Even though you have accounted for these calculated risks, there are bound to be certain events that you don’t expect to occur or circumstances you didn’t know existed in the first place. It’s the nature of the beast.

So, budgeting is not only paramount, it is the solution. If you have not already done this, please do. The best way to do this is to set aside three (3) month expenses for a contingency account.

Finally guys,  I honestly can’t say it enough….sticking to your budget will help you keep your sanity and bottom line profit within reach.  I wish you the best in your deals and renovations!

Types Of Wholesale Deals

Types of Wholesale DealsKnowing the difference between types of real estate investments is key in making a substantial profit.  Real estate comps give you a foundation to make these deals happen.  Let’s discuss the two main styles:

The fix and flip – Where you buy real estate, rehab it, and sell it to a retail buyer. This is the kind that is on the TV shows.

The wholesale flip – Where you buy real estate (or get it under contract), find a wholesale buyer, and flip the contract. This kind has a ton of money in it…with a heck of a lot less risk.

To me, the fix and flip method is not for most newbie’s…even though that is the kind of real estate investing you see on TV all of the time.

It all boils down to the basics:

  • You need a good understanding of rehab costs
  • You need to have good funding… either from a private lender or a bank (private lender is preferable)
  • You need to be able to float the carrying costs if you can’t sell the property quickly
  • If you don’t calculate your costs just right… there may not be a whole lot of room for error… and room for error means greater risk for you!

Basically, you as a wholesale real estate flipper or investor (or wholesaler for short), find properties that need work that you can purchase at a large discount and flip them for a fee to a rehabber who will do the work.

Your job is to find the properties, analyze the numbers to determine the repairs needed, create an offer that enables both you and the rehabber that you will sell to make a profit, and sell the contract to a rehabber who will actually make the repairs.

Making Profit A Choice

Making Profit A ChoiceEvery property investor knows that real estate comps will help them determine what renovations can improve their home’s value and marketability. The amount of value certain improvements cost may not add as much value as the cost to do it.

Remember, a potential buyer or real estate appraiser may be unimpressed with certain improvements. What you must keep in mind is that what you view as a valuable upgrade may not be the same as what the real estate market sees as a valuable upgrade.  I want to share a few things that one would want to avoid adding to a property unnecessarily.

First on my list would be swimming pools. There aren’t many areas of the world where backyard pools are common place. Before adding a pool think about your neighborhood. Do the majority of properties have pools? Would a potential buyer expect there to be a pool? If pools are not common place in your area and/or have a very short season, you likely will not be adding much value to your home, and definitely not as much as the cost to put one in. In fact, Many potential home buyers view swimming pools as dangerous, expensive to maintain, and an insurance-claim waiting to happen. This money is better spent elsewhere as you are not likely to recoup the cost in a sale or appraisal.

Staying basic with landscaping will also save you in the long run. Some buyers and appraisers definitely appreciate good landscaping, but there is a line where elaborate landscaping no longer adds in value to what it costs. Keep in mind that potential buyers may not want to take on the upkeep work of elaborate landscaping and may not want to have to hire a professional landscaper to take care of it.

Trying to steer clear of high end upgrades will also be a wise choice. The cost of a full bathroom remodel could redo the flooring and paint throughout the entire home and this would be looked upon much more favorably by a potential buyer or appraiser in their assessment of value than you just having one high quality room.

Ok guys, hopefully these tips will keep you out of the red when choosing your renovation projects.  Remember working with good real estate comps to get a good deal on HUD properties on the front end, making solid rehab choices during, will result in a great profit in the end.

What Comes With A Property Valuation Report?

What Comes With A Property Valuation ReportA property valuation report is a report that shows the price rate of a particular property. Price rate of a property can also be called the market price of the property. Every property valuation company offers different services when delivering a report. It can be found that certain companies offer you more information rather than the valuation report alone. This will provide you with a lot of other details that one must follow during the buying or selling process.

 

 

What you receive with a Property Valuation Report:

• A list of registered proprietors or owners

• A description of property as per the laws which includes the structure of the land

• Zoning or Resource management

• Valuation includes the market rate of the property

Region:  Basic details and completed description of the property

This is a section in the valuation report where you will find the details of the property that provides a detail of the residential market value and the commercial market value. Other factors that do not affect the final price are ignored altogether.

A detailed description of the improvements:  A description about the improvements in the property valuation report is something that is considered as a very important part in the report. When there is a chance of improvement in the property, there is a large chance for the increase in its value. This is the reason why such details are described in the valuation report in a detailed manner.

It is very important to check the rates of the properties that are similar, and those that are found in the neighborhood.  Remember guys, you make your profit when you buy so do your research and make your mark!

Why I Love The Wholesale Flip

Why I Love The Wholesale Flip
There are ways to get started with real estate comps and real estate investing that allow you to get in with little to no risk or money, and will allow you to learn the business before you ever take a huge money commitment to do so.

Would you like my opinion of the best way to get started in real estate investing to minimize your risk and shorten your learning curve… all the while making nice money in the process?  My answer:  The wholesale flip – or in other words… wholesaling real estate, flipping houses for quick cash, flipping contracts, etc.

When you wholesale real estate you do everything a flipper would normally do… except you don’t actually repair the property and sell it to a retail buyer. But, you don’t have the risk or time commitment that a fix and flipper has.

Basically, you as a wholesale real estate flipper (or wholesaler for short), find properties that need work that you can purchase at a large discount and flip them for a fee to a rehabber who will do the work.

Your job is to find the properties, analyze the numbers to determine the repairs needed, create an offer that enables both you and the rehabber to make a profit, and sell the contract to a rehabber who will actually make the repairs.

Another reason for starting out doing wholesale real estate deals is that you learn the ropes of what it takes to be a rehabber. After analyzing several deals and talking to rehabbers to find out what they look for… you will have a good grasp on what a good deal is, how to accurately estimate repair costs, who the rehabbers use as contractors, etc.

So, you actually make money while you are getting an on-the-job education in real estate flipping and rehabbing!

Monthly Archives: January 2016

Make Room For A Backup Plan

Make Room For A Backup PlanWhen it comes to property investing, making sure the real estate comps are reliable helps to make solid offers.  However, while good investing is very much taking care of business, one must always have a “rainy day”- aka contingency budget – in place. The last thing you want to see is a $0 balance – or even worse, a negative one (if you have an overdraft) – in your bank account.

Any business entrepreneur will tell you, you need to know that there are days that you might experience a loss. The higher the return, the higher the risk. Even though you have accounted for these calculated risks, there are bound to be certain events that you don’t expect to occur or circumstances you didn’t know existed in the first place. It’s the nature of the beast.

So, budgeting is not only paramount, it is the solution. If you have not already done this, please do. The best way to do this is to set aside three (3) month expenses for a contingency account.

Finally guys,  I honestly can’t say it enough….sticking to your budget will help you keep your sanity and bottom line profit within reach.  I wish you the best in your deals and renovations!

Types Of Wholesale Deals

Types of Wholesale DealsKnowing the difference between types of real estate investments is key in making a substantial profit.  Real estate comps give you a foundation to make these deals happen.  Let’s discuss the two main styles:

The fix and flip – Where you buy real estate, rehab it, and sell it to a retail buyer. This is the kind that is on the TV shows.

The wholesale flip – Where you buy real estate (or get it under contract), find a wholesale buyer, and flip the contract. This kind has a ton of money in it…with a heck of a lot less risk.

To me, the fix and flip method is not for most newbie’s…even though that is the kind of real estate investing you see on TV all of the time.

It all boils down to the basics:

  • You need a good understanding of rehab costs
  • You need to have good funding… either from a private lender or a bank (private lender is preferable)
  • You need to be able to float the carrying costs if you can’t sell the property quickly
  • If you don’t calculate your costs just right… there may not be a whole lot of room for error… and room for error means greater risk for you!

Basically, you as a wholesale real estate flipper or investor (or wholesaler for short), find properties that need work that you can purchase at a large discount and flip them for a fee to a rehabber who will do the work.

Your job is to find the properties, analyze the numbers to determine the repairs needed, create an offer that enables both you and the rehabber that you will sell to make a profit, and sell the contract to a rehabber who will actually make the repairs.

Making Profit A Choice

Making Profit A ChoiceEvery property investor knows that real estate comps will help them determine what renovations can improve their home’s value and marketability. The amount of value certain improvements cost may not add as much value as the cost to do it.

Remember, a potential buyer or real estate appraiser may be unimpressed with certain improvements. What you must keep in mind is that what you view as a valuable upgrade may not be the same as what the real estate market sees as a valuable upgrade.  I want to share a few things that one would want to avoid adding to a property unnecessarily.

First on my list would be swimming pools. There aren’t many areas of the world where backyard pools are common place. Before adding a pool think about your neighborhood. Do the majority of properties have pools? Would a potential buyer expect there to be a pool? If pools are not common place in your area and/or have a very short season, you likely will not be adding much value to your home, and definitely not as much as the cost to put one in. In fact, Many potential home buyers view swimming pools as dangerous, expensive to maintain, and an insurance-claim waiting to happen. This money is better spent elsewhere as you are not likely to recoup the cost in a sale or appraisal.

Staying basic with landscaping will also save you in the long run. Some buyers and appraisers definitely appreciate good landscaping, but there is a line where elaborate landscaping no longer adds in value to what it costs. Keep in mind that potential buyers may not want to take on the upkeep work of elaborate landscaping and may not want to have to hire a professional landscaper to take care of it.

Trying to steer clear of high end upgrades will also be a wise choice. The cost of a full bathroom remodel could redo the flooring and paint throughout the entire home and this would be looked upon much more favorably by a potential buyer or appraiser in their assessment of value than you just having one high quality room.

Ok guys, hopefully these tips will keep you out of the red when choosing your renovation projects.  Remember working with good real estate comps to get a good deal on HUD properties on the front end, making solid rehab choices during, will result in a great profit in the end.

What Comes With A Property Valuation Report?

What Comes With A Property Valuation ReportA property valuation report is a report that shows the price rate of a particular property. Price rate of a property can also be called the market price of the property. Every property valuation company offers different services when delivering a report. It can be found that certain companies offer you more information rather than the valuation report alone. This will provide you with a lot of other details that one must follow during the buying or selling process.

 

 

What you receive with a Property Valuation Report:

• A list of registered proprietors or owners

• A description of property as per the laws which includes the structure of the land

• Zoning or Resource management

• Valuation includes the market rate of the property

Region:  Basic details and completed description of the property

This is a section in the valuation report where you will find the details of the property that provides a detail of the residential market value and the commercial market value. Other factors that do not affect the final price are ignored altogether.

A detailed description of the improvements:  A description about the improvements in the property valuation report is something that is considered as a very important part in the report. When there is a chance of improvement in the property, there is a large chance for the increase in its value. This is the reason why such details are described in the valuation report in a detailed manner.

It is very important to check the rates of the properties that are similar, and those that are found in the neighborhood.  Remember guys, you make your profit when you buy so do your research and make your mark!

Why I Love The Wholesale Flip

Why I Love The Wholesale Flip
There are ways to get started with real estate comps and real estate investing that allow you to get in with little to no risk or money, and will allow you to learn the business before you ever take a huge money commitment to do so.

Would you like my opinion of the best way to get started in real estate investing to minimize your risk and shorten your learning curve… all the while making nice money in the process?  My answer:  The wholesale flip – or in other words… wholesaling real estate, flipping houses for quick cash, flipping contracts, etc.

When you wholesale real estate you do everything a flipper would normally do… except you don’t actually repair the property and sell it to a retail buyer. But, you don’t have the risk or time commitment that a fix and flipper has.

Basically, you as a wholesale real estate flipper (or wholesaler for short), find properties that need work that you can purchase at a large discount and flip them for a fee to a rehabber who will do the work.

Your job is to find the properties, analyze the numbers to determine the repairs needed, create an offer that enables both you and the rehabber to make a profit, and sell the contract to a rehabber who will actually make the repairs.

Another reason for starting out doing wholesale real estate deals is that you learn the ropes of what it takes to be a rehabber. After analyzing several deals and talking to rehabbers to find out what they look for… you will have a good grasp on what a good deal is, how to accurately estimate repair costs, who the rehabbers use as contractors, etc.

So, you actually make money while you are getting an on-the-job education in real estate flipping and rehabbing!

Monthly Archives: January 2016

Make Room For A Backup Plan

Make Room For A Backup PlanWhen it comes to property investing, making sure the real estate comps are reliable helps to make solid offers.  However, while good investing is very much taking care of business, one must always have a “rainy day”- aka contingency budget – in place. The last thing you want to see is a $0 balance – or even worse, a negative one (if you have an overdraft) – in your bank account.

Any business entrepreneur will tell you, you need to know that there are days that you might experience a loss. The higher the return, the higher the risk. Even though you have accounted for these calculated risks, there are bound to be certain events that you don’t expect to occur or circumstances you didn’t know existed in the first place. It’s the nature of the beast.

So, budgeting is not only paramount, it is the solution. If you have not already done this, please do. The best way to do this is to set aside three (3) month expenses for a contingency account.

Finally guys,  I honestly can’t say it enough….sticking to your budget will help you keep your sanity and bottom line profit within reach.  I wish you the best in your deals and renovations!

Types Of Wholesale Deals

Types of Wholesale DealsKnowing the difference between types of real estate investments is key in making a substantial profit.  Real estate comps give you a foundation to make these deals happen.  Let’s discuss the two main styles:

The fix and flip – Where you buy real estate, rehab it, and sell it to a retail buyer. This is the kind that is on the TV shows.

The wholesale flip – Where you buy real estate (or get it under contract), find a wholesale buyer, and flip the contract. This kind has a ton of money in it…with a heck of a lot less risk.

To me, the fix and flip method is not for most newbie’s…even though that is the kind of real estate investing you see on TV all of the time.

It all boils down to the basics:

  • You need a good understanding of rehab costs
  • You need to have good funding… either from a private lender or a bank (private lender is preferable)
  • You need to be able to float the carrying costs if you can’t sell the property quickly
  • If you don’t calculate your costs just right… there may not be a whole lot of room for error… and room for error means greater risk for you!

Basically, you as a wholesale real estate flipper or investor (or wholesaler for short), find properties that need work that you can purchase at a large discount and flip them for a fee to a rehabber who will do the work.

Your job is to find the properties, analyze the numbers to determine the repairs needed, create an offer that enables both you and the rehabber that you will sell to make a profit, and sell the contract to a rehabber who will actually make the repairs.

Making Profit A Choice

Making Profit A ChoiceEvery property investor knows that real estate comps will help them determine what renovations can improve their home’s value and marketability. The amount of value certain improvements cost may not add as much value as the cost to do it.

Remember, a potential buyer or real estate appraiser may be unimpressed with certain improvements. What you must keep in mind is that what you view as a valuable upgrade may not be the same as what the real estate market sees as a valuable upgrade.  I want to share a few things that one would want to avoid adding to a property unnecessarily.

First on my list would be swimming pools. There aren’t many areas of the world where backyard pools are common place. Before adding a pool think about your neighborhood. Do the majority of properties have pools? Would a potential buyer expect there to be a pool? If pools are not common place in your area and/or have a very short season, you likely will not be adding much value to your home, and definitely not as much as the cost to put one in. In fact, Many potential home buyers view swimming pools as dangerous, expensive to maintain, and an insurance-claim waiting to happen. This money is better spent elsewhere as you are not likely to recoup the cost in a sale or appraisal.

Staying basic with landscaping will also save you in the long run. Some buyers and appraisers definitely appreciate good landscaping, but there is a line where elaborate landscaping no longer adds in value to what it costs. Keep in mind that potential buyers may not want to take on the upkeep work of elaborate landscaping and may not want to have to hire a professional landscaper to take care of it.

Trying to steer clear of high end upgrades will also be a wise choice. The cost of a full bathroom remodel could redo the flooring and paint throughout the entire home and this would be looked upon much more favorably by a potential buyer or appraiser in their assessment of value than you just having one high quality room.

Ok guys, hopefully these tips will keep you out of the red when choosing your renovation projects.  Remember working with good real estate comps to get a good deal on HUD properties on the front end, making solid rehab choices during, will result in a great profit in the end.

What Comes With A Property Valuation Report?

What Comes With A Property Valuation ReportA property valuation report is a report that shows the price rate of a particular property. Price rate of a property can also be called the market price of the property. Every property valuation company offers different services when delivering a report. It can be found that certain companies offer you more information rather than the valuation report alone. This will provide you with a lot of other details that one must follow during the buying or selling process.

 

 

What you receive with a Property Valuation Report:

• A list of registered proprietors or owners

• A description of property as per the laws which includes the structure of the land

• Zoning or Resource management

• Valuation includes the market rate of the property

Region:  Basic details and completed description of the property

This is a section in the valuation report where you will find the details of the property that provides a detail of the residential market value and the commercial market value. Other factors that do not affect the final price are ignored altogether.

A detailed description of the improvements:  A description about the improvements in the property valuation report is something that is considered as a very important part in the report. When there is a chance of improvement in the property, there is a large chance for the increase in its value. This is the reason why such details are described in the valuation report in a detailed manner.

It is very important to check the rates of the properties that are similar, and those that are found in the neighborhood.  Remember guys, you make your profit when you buy so do your research and make your mark!

Why I Love The Wholesale Flip

Why I Love The Wholesale Flip
There are ways to get started with real estate comps and real estate investing that allow you to get in with little to no risk or money, and will allow you to learn the business before you ever take a huge money commitment to do so.

Would you like my opinion of the best way to get started in real estate investing to minimize your risk and shorten your learning curve… all the while making nice money in the process?  My answer:  The wholesale flip – or in other words… wholesaling real estate, flipping houses for quick cash, flipping contracts, etc.

When you wholesale real estate you do everything a flipper would normally do… except you don’t actually repair the property and sell it to a retail buyer. But, you don’t have the risk or time commitment that a fix and flipper has.

Basically, you as a wholesale real estate flipper (or wholesaler for short), find properties that need work that you can purchase at a large discount and flip them for a fee to a rehabber who will do the work.

Your job is to find the properties, analyze the numbers to determine the repairs needed, create an offer that enables both you and the rehabber to make a profit, and sell the contract to a rehabber who will actually make the repairs.

Another reason for starting out doing wholesale real estate deals is that you learn the ropes of what it takes to be a rehabber. After analyzing several deals and talking to rehabbers to find out what they look for… you will have a good grasp on what a good deal is, how to accurately estimate repair costs, who the rehabbers use as contractors, etc.

So, you actually make money while you are getting an on-the-job education in real estate flipping and rehabbing!

Monthly Archives: January 2016

Make Room For A Backup Plan

Make Room For A Backup PlanWhen it comes to property investing, making sure the real estate comps are reliable helps to make solid offers.  However, while good investing is very much taking care of business, one must always have a “rainy day”- aka contingency budget – in place. The last thing you want to see is a $0 balance – or even worse, a negative one (if you have an overdraft) – in your bank account.

Any business entrepreneur will tell you, you need to know that there are days that you might experience a loss. The higher the return, the higher the risk. Even though you have accounted for these calculated risks, there are bound to be certain events that you don’t expect to occur or circumstances you didn’t know existed in the first place. It’s the nature of the beast.

So, budgeting is not only paramount, it is the solution. If you have not already done this, please do. The best way to do this is to set aside three (3) month expenses for a contingency account.

Finally guys,  I honestly can’t say it enough….sticking to your budget will help you keep your sanity and bottom line profit within reach.  I wish you the best in your deals and renovations!

Types Of Wholesale Deals

Types of Wholesale DealsKnowing the difference between types of real estate investments is key in making a substantial profit.  Real estate comps give you a foundation to make these deals happen.  Let’s discuss the two main styles:

The fix and flip – Where you buy real estate, rehab it, and sell it to a retail buyer. This is the kind that is on the TV shows.

The wholesale flip – Where you buy real estate (or get it under contract), find a wholesale buyer, and flip the contract. This kind has a ton of money in it…with a heck of a lot less risk.

To me, the fix and flip method is not for most newbie’s…even though that is the kind of real estate investing you see on TV all of the time.

It all boils down to the basics:

  • You need a good understanding of rehab costs
  • You need to have good funding… either from a private lender or a bank (private lender is preferable)
  • You need to be able to float the carrying costs if you can’t sell the property quickly
  • If you don’t calculate your costs just right… there may not be a whole lot of room for error… and room for error means greater risk for you!

Basically, you as a wholesale real estate flipper or investor (or wholesaler for short), find properties that need work that you can purchase at a large discount and flip them for a fee to a rehabber who will do the work.

Your job is to find the properties, analyze the numbers to determine the repairs needed, create an offer that enables both you and the rehabber that you will sell to make a profit, and sell the contract to a rehabber who will actually make the repairs.

Making Profit A Choice

Making Profit A ChoiceEvery property investor knows that real estate comps will help them determine what renovations can improve their home’s value and marketability. The amount of value certain improvements cost may not add as much value as the cost to do it.

Remember, a potential buyer or real estate appraiser may be unimpressed with certain improvements. What you must keep in mind is that what you view as a valuable upgrade may not be the same as what the real estate market sees as a valuable upgrade.  I want to share a few things that one would want to avoid adding to a property unnecessarily.

First on my list would be swimming pools. There aren’t many areas of the world where backyard pools are common place. Before adding a pool think about your neighborhood. Do the majority of properties have pools? Would a potential buyer expect there to be a pool? If pools are not common place in your area and/or have a very short season, you likely will not be adding much value to your home, and definitely not as much as the cost to put one in. In fact, Many potential home buyers view swimming pools as dangerous, expensive to maintain, and an insurance-claim waiting to happen. This money is better spent elsewhere as you are not likely to recoup the cost in a sale or appraisal.

Staying basic with landscaping will also save you in the long run. Some buyers and appraisers definitely appreciate good landscaping, but there is a line where elaborate landscaping no longer adds in value to what it costs. Keep in mind that potential buyers may not want to take on the upkeep work of elaborate landscaping and may not want to have to hire a professional landscaper to take care of it.

Trying to steer clear of high end upgrades will also be a wise choice. The cost of a full bathroom remodel could redo the flooring and paint throughout the entire home and this would be looked upon much more favorably by a potential buyer or appraiser in their assessment of value than you just having one high quality room.

Ok guys, hopefully these tips will keep you out of the red when choosing your renovation projects.  Remember working with good real estate comps to get a good deal on HUD properties on the front end, making solid rehab choices during, will result in a great profit in the end.

What Comes With A Property Valuation Report?

What Comes With A Property Valuation ReportA property valuation report is a report that shows the price rate of a particular property. Price rate of a property can also be called the market price of the property. Every property valuation company offers different services when delivering a report. It can be found that certain companies offer you more information rather than the valuation report alone. This will provide you with a lot of other details that one must follow during the buying or selling process.

 

 

What you receive with a Property Valuation Report:

• A list of registered proprietors or owners

• A description of property as per the laws which includes the structure of the land

• Zoning or Resource management

• Valuation includes the market rate of the property

Region:  Basic details and completed description of the property

This is a section in the valuation report where you will find the details of the property that provides a detail of the residential market value and the commercial market value. Other factors that do not affect the final price are ignored altogether.

A detailed description of the improvements:  A description about the improvements in the property valuation report is something that is considered as a very important part in the report. When there is a chance of improvement in the property, there is a large chance for the increase in its value. This is the reason why such details are described in the valuation report in a detailed manner.

It is very important to check the rates of the properties that are similar, and those that are found in the neighborhood.  Remember guys, you make your profit when you buy so do your research and make your mark!

Why I Love The Wholesale Flip

Why I Love The Wholesale Flip
There are ways to get started with real estate comps and real estate investing that allow you to get in with little to no risk or money, and will allow you to learn the business before you ever take a huge money commitment to do so.

Would you like my opinion of the best way to get started in real estate investing to minimize your risk and shorten your learning curve… all the while making nice money in the process?  My answer:  The wholesale flip – or in other words… wholesaling real estate, flipping houses for quick cash, flipping contracts, etc.

When you wholesale real estate you do everything a flipper would normally do… except you don’t actually repair the property and sell it to a retail buyer. But, you don’t have the risk or time commitment that a fix and flipper has.

Basically, you as a wholesale real estate flipper (or wholesaler for short), find properties that need work that you can purchase at a large discount and flip them for a fee to a rehabber who will do the work.

Your job is to find the properties, analyze the numbers to determine the repairs needed, create an offer that enables both you and the rehabber to make a profit, and sell the contract to a rehabber who will actually make the repairs.

Another reason for starting out doing wholesale real estate deals is that you learn the ropes of what it takes to be a rehabber. After analyzing several deals and talking to rehabbers to find out what they look for… you will have a good grasp on what a good deal is, how to accurately estimate repair costs, who the rehabbers use as contractors, etc.

So, you actually make money while you are getting an on-the-job education in real estate flipping and rehabbing!

Monthly Archives: January 2016

Make Room For A Backup Plan

Make Room For A Backup PlanWhen it comes to property investing, making sure the real estate comps are reliable helps to make solid offers.  However, while good investing is very much taking care of business, one must always have a “rainy day”- aka contingency budget – in place. The last thing you want to see is a $0 balance – or even worse, a negative one (if you have an overdraft) – in your bank account.

Any business entrepreneur will tell you, you need to know that there are days that you might experience a loss. The higher the return, the higher the risk. Even though you have accounted for these calculated risks, there are bound to be certain events that you don’t expect to occur or circumstances you didn’t know existed in the first place. It’s the nature of the beast.

So, budgeting is not only paramount, it is the solution. If you have not already done this, please do. The best way to do this is to set aside three (3) month expenses for a contingency account.

Finally guys,  I honestly can’t say it enough….sticking to your budget will help you keep your sanity and bottom line profit within reach.  I wish you the best in your deals and renovations!

Types Of Wholesale Deals

Types of Wholesale DealsKnowing the difference between types of real estate investments is key in making a substantial profit.  Real estate comps give you a foundation to make these deals happen.  Let’s discuss the two main styles:

The fix and flip – Where you buy real estate, rehab it, and sell it to a retail buyer. This is the kind that is on the TV shows.

The wholesale flip – Where you buy real estate (or get it under contract), find a wholesale buyer, and flip the contract. This kind has a ton of money in it…with a heck of a lot less risk.

To me, the fix and flip method is not for most newbie’s…even though that is the kind of real estate investing you see on TV all of the time.

It all boils down to the basics:

  • You need a good understanding of rehab costs
  • You need to have good funding… either from a private lender or a bank (private lender is preferable)
  • You need to be able to float the carrying costs if you can’t sell the property quickly
  • If you don’t calculate your costs just right… there may not be a whole lot of room for error… and room for error means greater risk for you!

Basically, you as a wholesale real estate flipper or investor (or wholesaler for short), find properties that need work that you can purchase at a large discount and flip them for a fee to a rehabber who will do the work.

Your job is to find the properties, analyze the numbers to determine the repairs needed, create an offer that enables both you and the rehabber that you will sell to make a profit, and sell the contract to a rehabber who will actually make the repairs.

Making Profit A Choice

Making Profit A ChoiceEvery property investor knows that real estate comps will help them determine what renovations can improve their home’s value and marketability. The amount of value certain improvements cost may not add as much value as the cost to do it.

Remember, a potential buyer or real estate appraiser may be unimpressed with certain improvements. What you must keep in mind is that what you view as a valuable upgrade may not be the same as what the real estate market sees as a valuable upgrade.  I want to share a few things that one would want to avoid adding to a property unnecessarily.

First on my list would be swimming pools. There aren’t many areas of the world where backyard pools are common place. Before adding a pool think about your neighborhood. Do the majority of properties have pools? Would a potential buyer expect there to be a pool? If pools are not common place in your area and/or have a very short season, you likely will not be adding much value to your home, and definitely not as much as the cost to put one in. In fact, Many potential home buyers view swimming pools as dangerous, expensive to maintain, and an insurance-claim waiting to happen. This money is better spent elsewhere as you are not likely to recoup the cost in a sale or appraisal.

Staying basic with landscaping will also save you in the long run. Some buyers and appraisers definitely appreciate good landscaping, but there is a line where elaborate landscaping no longer adds in value to what it costs. Keep in mind that potential buyers may not want to take on the upkeep work of elaborate landscaping and may not want to have to hire a professional landscaper to take care of it.

Trying to steer clear of high end upgrades will also be a wise choice. The cost of a full bathroom remodel could redo the flooring and paint throughout the entire home and this would be looked upon much more favorably by a potential buyer or appraiser in their assessment of value than you just having one high quality room.

Ok guys, hopefully these tips will keep you out of the red when choosing your renovation projects.  Remember working with good real estate comps to get a good deal on HUD properties on the front end, making solid rehab choices during, will result in a great profit in the end.

What Comes With A Property Valuation Report?

What Comes With A Property Valuation ReportA property valuation report is a report that shows the price rate of a particular property. Price rate of a property can also be called the market price of the property. Every property valuation company offers different services when delivering a report. It can be found that certain companies offer you more information rather than the valuation report alone. This will provide you with a lot of other details that one must follow during the buying or selling process.

 

 

What you receive with a Property Valuation Report:

• A list of registered proprietors or owners

• A description of property as per the laws which includes the structure of the land

• Zoning or Resource management

• Valuation includes the market rate of the property

Region:  Basic details and completed description of the property

This is a section in the valuation report where you will find the details of the property that provides a detail of the residential market value and the commercial market value. Other factors that do not affect the final price are ignored altogether.

A detailed description of the improvements:  A description about the improvements in the property valuation report is something that is considered as a very important part in the report. When there is a chance of improvement in the property, there is a large chance for the increase in its value. This is the reason why such details are described in the valuation report in a detailed manner.

It is very important to check the rates of the properties that are similar, and those that are found in the neighborhood.  Remember guys, you make your profit when you buy so do your research and make your mark!

Why I Love The Wholesale Flip

Why I Love The Wholesale Flip
There are ways to get started with real estate comps and real estate investing that allow you to get in with little to no risk or money, and will allow you to learn the business before you ever take a huge money commitment to do so.

Would you like my opinion of the best way to get started in real estate investing to minimize your risk and shorten your learning curve… all the while making nice money in the process?  My answer:  The wholesale flip – or in other words… wholesaling real estate, flipping houses for quick cash, flipping contracts, etc.

When you wholesale real estate you do everything a flipper would normally do… except you don’t actually repair the property and sell it to a retail buyer. But, you don’t have the risk or time commitment that a fix and flipper has.

Basically, you as a wholesale real estate flipper (or wholesaler for short), find properties that need work that you can purchase at a large discount and flip them for a fee to a rehabber who will do the work.

Your job is to find the properties, analyze the numbers to determine the repairs needed, create an offer that enables both you and the rehabber to make a profit, and sell the contract to a rehabber who will actually make the repairs.

Another reason for starting out doing wholesale real estate deals is that you learn the ropes of what it takes to be a rehabber. After analyzing several deals and talking to rehabbers to find out what they look for… you will have a good grasp on what a good deal is, how to accurately estimate repair costs, who the rehabbers use as contractors, etc.

So, you actually make money while you are getting an on-the-job education in real estate flipping and rehabbing!

Monthly Archives: January 2016

Make Room For A Backup Plan

Make Room For A Backup PlanWhen it comes to property investing, making sure the real estate comps are reliable helps to make solid offers.  However, while good investing is very much taking care of business, one must always have a “rainy day”- aka contingency budget – in place. The last thing you want to see is a $0 balance – or even worse, a negative one (if you have an overdraft) – in your bank account.

Any business entrepreneur will tell you, you need to know that there are days that you might experience a loss. The higher the return, the higher the risk. Even though you have accounted for these calculated risks, there are bound to be certain events that you don’t expect to occur or circumstances you didn’t know existed in the first place. It’s the nature of the beast.

So, budgeting is not only paramount, it is the solution. If you have not already done this, please do. The best way to do this is to set aside three (3) month expenses for a contingency account.

Finally guys,  I honestly can’t say it enough….sticking to your budget will help you keep your sanity and bottom line profit within reach.  I wish you the best in your deals and renovations!

Types Of Wholesale Deals

Types of Wholesale DealsKnowing the difference between types of real estate investments is key in making a substantial profit.  Real estate comps give you a foundation to make these deals happen.  Let’s discuss the two main styles:

The fix and flip – Where you buy real estate, rehab it, and sell it to a retail buyer. This is the kind that is on the TV shows.

The wholesale flip – Where you buy real estate (or get it under contract), find a wholesale buyer, and flip the contract. This kind has a ton of money in it…with a heck of a lot less risk.

To me, the fix and flip method is not for most newbie’s…even though that is the kind of real estate investing you see on TV all of the time.

It all boils down to the basics:

  • You need a good understanding of rehab costs
  • You need to have good funding… either from a private lender or a bank (private lender is preferable)
  • You need to be able to float the carrying costs if you can’t sell the property quickly
  • If you don’t calculate your costs just right… there may not be a whole lot of room for error… and room for error means greater risk for you!

Basically, you as a wholesale real estate flipper or investor (or wholesaler for short), find properties that need work that you can purchase at a large discount and flip them for a fee to a rehabber who will do the work.

Your job is to find the properties, analyze the numbers to determine the repairs needed, create an offer that enables both you and the rehabber that you will sell to make a profit, and sell the contract to a rehabber who will actually make the repairs.

Making Profit A Choice

Making Profit A ChoiceEvery property investor knows that real estate comps will help them determine what renovations can improve their home’s value and marketability. The amount of value certain improvements cost may not add as much value as the cost to do it.

Remember, a potential buyer or real estate appraiser may be unimpressed with certain improvements. What you must keep in mind is that what you view as a valuable upgrade may not be the same as what the real estate market sees as a valuable upgrade.  I want to share a few things that one would want to avoid adding to a property unnecessarily.

First on my list would be swimming pools. There aren’t many areas of the world where backyard pools are common place. Before adding a pool think about your neighborhood. Do the majority of properties have pools? Would a potential buyer expect there to be a pool? If pools are not common place in your area and/or have a very short season, you likely will not be adding much value to your home, and definitely not as much as the cost to put one in. In fact, Many potential home buyers view swimming pools as dangerous, expensive to maintain, and an insurance-claim waiting to happen. This money is better spent elsewhere as you are not likely to recoup the cost in a sale or appraisal.

Staying basic with landscaping will also save you in the long run. Some buyers and appraisers definitely appreciate good landscaping, but there is a line where elaborate landscaping no longer adds in value to what it costs. Keep in mind that potential buyers may not want to take on the upkeep work of elaborate landscaping and may not want to have to hire a professional landscaper to take care of it.

Trying to steer clear of high end upgrades will also be a wise choice. The cost of a full bathroom remodel could redo the flooring and paint throughout the entire home and this would be looked upon much more favorably by a potential buyer or appraiser in their assessment of value than you just having one high quality room.

Ok guys, hopefully these tips will keep you out of the red when choosing your renovation projects.  Remember working with good real estate comps to get a good deal on HUD properties on the front end, making solid rehab choices during, will result in a great profit in the end.

What Comes With A Property Valuation Report?

What Comes With A Property Valuation ReportA property valuation report is a report that shows the price rate of a particular property. Price rate of a property can also be called the market price of the property. Every property valuation company offers different services when delivering a report. It can be found that certain companies offer you more information rather than the valuation report alone. This will provide you with a lot of other details that one must follow during the buying or selling process.

 

 

What you receive with a Property Valuation Report:

• A list of registered proprietors or owners

• A description of property as per the laws which includes the structure of the land

• Zoning or Resource management

• Valuation includes the market rate of the property

Region:  Basic details and completed description of the property

This is a section in the valuation report where you will find the details of the property that provides a detail of the residential market value and the commercial market value. Other factors that do not affect the final price are ignored altogether.

A detailed description of the improvements:  A description about the improvements in the property valuation report is something that is considered as a very important part in the report. When there is a chance of improvement in the property, there is a large chance for the increase in its value. This is the reason why such details are described in the valuation report in a detailed manner.

It is very important to check the rates of the properties that are similar, and those that are found in the neighborhood.  Remember guys, you make your profit when you buy so do your research and make your mark!

Why I Love The Wholesale Flip

Why I Love The Wholesale Flip
There are ways to get started with real estate comps and real estate investing that allow you to get in with little to no risk or money, and will allow you to learn the business before you ever take a huge money commitment to do so.

Would you like my opinion of the best way to get started in real estate investing to minimize your risk and shorten your learning curve… all the while making nice money in the process?  My answer:  The wholesale flip – or in other words… wholesaling real estate, flipping houses for quick cash, flipping contracts, etc.

When you wholesale real estate you do everything a flipper would normally do… except you don’t actually repair the property and sell it to a retail buyer. But, you don’t have the risk or time commitment that a fix and flipper has.

Basically, you as a wholesale real estate flipper (or wholesaler for short), find properties that need work that you can purchase at a large discount and flip them for a fee to a rehabber who will do the work.

Your job is to find the properties, analyze the numbers to determine the repairs needed, create an offer that enables both you and the rehabber to make a profit, and sell the contract to a rehabber who will actually make the repairs.

Another reason for starting out doing wholesale real estate deals is that you learn the ropes of what it takes to be a rehabber. After analyzing several deals and talking to rehabbers to find out what they look for… you will have a good grasp on what a good deal is, how to accurately estimate repair costs, who the rehabbers use as contractors, etc.

So, you actually make money while you are getting an on-the-job education in real estate flipping and rehabbing!