Our Flipping Journey: Taking a Property From Ugly to PrettyI hate textbooks.Don’t get me wrong, I have used them and when needed will still pay a few dollars for one on Amazon or eBay, but for the most part, I find them pretty worthless. Why? Simply put, because everything is always displayed in “perfect world” conditions. As is the case in any business, but even more-so in real estate, these textbook conditions just don’t exist.Instead of just complain about it, I’m going to take … [Read more...]
Fixing and Flipping: Determining Target Price Point
May 31, 2012 By Leave a Comment
Fixing and Flipping: Determining Target Price PointThe G.I. Joe Jet. Man, did I want that toy. I remember my friend Robby and I drooling over it at the department store the summer of 1984. Together we owned every other figurine and vehicle in the collection – from the Ninja to the Jeep. Unfortunately, we never acquired the Jet. At $20 the target price point was too high. By the time we had enough cash to buy it we had moved on to a more expensive hobby – BMX racing bikes.The cash in your … [Read more...]
Fixing and Flipping in Harold’s Hood
May 24, 2012 By Leave a Comment
Fixing and Flipping in Harold’s HoodHarold grew up on the southside of Phoenix. Give him an address in zip code 85041 and he can tell you the size of the house and the year it was built. Name a street corner or intersection and he’ll recite a historical event that took place there, back to 1950.Needless to say, Harold knows his neighborhood.After the market crashed in 2008, he started buying houses in zip codes, 85040, 85041 and 85042 for $20,000 – $30,000. These were major rehab projects, … [Read more...]
Why We Don’t Flip Real Estate as a Part of Our Business Model
February 15, 2012 By Leave a Comment
Why We Don’t Flip Real Estate as a Part of Our Business ModelAs we meet additional contacts and speak with other real estate investors, one question we are asked frequently is,“Why don’t you Flip Real Estate?”I understand where the question comes from, as many individuals feel flipping is the easiest path to investment riches. They make it look so easy on TV and sound like a cinch in the real estate Books. The fact is, it is not easy but it certainly can be very profitable if you can … [Read more...]
Buy & Hold Investor Graduates To Rehabbing For Profits
February 8, 2012 By Leave a Comment
Buy & Hold Investor Graduates To Rehabbing For ProfitsAs a woman investor with no experience, in Fixing and Flipping real estate, I knew that I needed good solid advice when I decided to Fix and Flip as an alternative real estate strategy.Experienced Investor First Hires a MentorThe experience I had with real estate for the past 12 years was buying and holding properties. [...] Read the full post here... … [Read more...]
The Perfect Wholesaling Email to Send to Investor Buyers
February 2, 2012 By Leave a Comment
Wholesaling has always been a go-to strategy for creating quick cash in real estate. Wholesaling has two main components; (1) a great deal and (2) an investor buyer. Most trainings on this subject focus on finding great deals and building an investor buyers list. Both are important skills to develop. However, many wholesalers make a huge mistake once they have an excellent deal to flip and a big list of hungry investor buyers ... they market the deal wrong! In this training tip, you're … [Read more...]
Fixing and Flipping: It’s a Numbers Game
December 15, 2011 By Leave a Comment
Fixing and Flipping: It’s a Numbers GameTo help in the Success of Your Real Estate Investing By Fixing and Flipping there are a few steps that you need to make sure get done:You can’t polish a turd. That’s what my Dad said to me. One thing I’ve learned from being in the fix and flip business is that you may not be able to polish a turd but you can put lipstick on a pig. And in certain cases some extremely expensive mascara and cover-up. Currently, I have six houses on the books, … [Read more...]
Big Fix and Flip Mistakes In Real Estate
December 1, 2011 By Leave a Comment
Big Fix and Flip Mistakes In Real EstateSince 2009, I’ve flipped 59 houses. And unfortunately, I’ve made the same mistakes multiple times on several of them. Why? Because fixing and flipping is not an exact science. I’ve had some time to reflect and came up with the four biggest mistakes I’ve made as a fix and flipper. Here they are, in no particular order:Overestimating the value of a property Over remodeling the property, Under remodeling the property Underestimating the … [Read more...]
Your Time Your Money What’s Your Time Worth?
October 27, 2011 By Leave a Comment
Your Time Your Money What's Your Time Worth?I have interacted with a number of Real Estate Property investors over the years who are good at what they do, but are under a tremendous strain from the amount of time and energy spent on their business. Whether you are buying and holding, flipping, wholesaling, etc., this business has lots of moving parts that can easily overwhelm your schedule if you are not careful. Over time, it is critical that investors learn to identify areas within their … [Read more...]
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