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The cost of flipping is more closely related to a moving variable than a fixed expense. If for nothing else, it’s impossible to formulate a universal equation to pinpoint the exact cost a flip will incur. It is worth noting, however, that while the individual costs may be difficult to account for, there are broader […]

Nothing is more beneficial to your long term financial health than the right rental property. Sure, quick flips and rehabs are great for the short term but a strategic acquisition of a rental property can completely change your portfolio. Not only are they a source for surplus monthly cash flow, but they also build equity […]

Why Is Having An Exit Strategy Important? An exit strategy is important because it not only guides an investor’s decisions throughout a given deal, but also dictates how they will maximize the profitability. While speed of implementation is of the utmost importance when attempting to facilitate a transaction, do not attempt to initiate a deal without […]

Few lender options award today’s homebuyers with a greater opportunity to protect their financial interests than rate locking. With the ability to lock in an interest rate, prospective buyers may simultaneously mitigate the risk of higher mortgage payments and protect their buying power. That said, it’s not nearly enough to simply lock in an interest […]

Goals are fuel. Goals are direction. Goals are what push us forward in life. Here, are three (albeit lofty) definitions for the word “goal.” More formally, Wikipedia defines a goal as “the object of a person’s ambition or effort; an aim or desired result.” In other words, goals are just the tasks people assign themselves […]

A rental property purchase is not the same as a fix and flip project. With a fix and flip deal, you are focused on generating short term profits whereas a buy and hold rental may be in your portfolio for several years. It is essential that you know everything about your rental market, the property […]

Success in the real estate investing industry won’t happen overnight, and it definitely won’t happen without proper planning or implementation. For entrepreneurs, a real estate investment business plan can serve as a road map to all of your business operations. Simply put, a real estate business plan will serve an essential role in the formation of […]

Every real estate investor looks for ways to save money. One of the most common areas to save on a fix and flip deal is with your closing costs. Reducing, or eliminating, some of the fees will have a sizable impact on your bottom line. However, you need to pick and choose your battles wisely. […]

A pending sale, at least as it relates to a real estate transaction, represents a property that has gone through every step of the closing process, but has yet to actually be closed on. Agreements have been made, contracts have been signed, contingencies should have been met, and everything required by escrow has been fulfilled; […]

As far as I am concerned, Realtor fees aren’t really fees at all, but rather an investment opportunity. You see, while it most certainly will cost you money to align your services with a real estate agent or Realtor, there’s a good chance their efforts will return more than the amount it cost to hire […]