Establishing value on your property is critical. Skill number one above all other skills to master.
The most important aspects of being a real estate investor is the ability to establish value on houses or properties you are considering buying, wholesaling, or flipping. Irregardless of location, be it California, New York, Houston, or Dallas, its a [...]
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As a seasoned, birddog, wholesale, or just new real estate investor, you need all the tools of the trade you can get at your immediate disposal. One important piece of data to have as a real investor is the list of houses going into foreclosure.
But how do you get this list? Is there a fee? If [...]
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Often the new, and occasionally the seasoned investor will close on a marginally profitable house deal or flip which only sets them up for bad buying habits. This should be avoided. There are many reasons to not do marginal or skinny house deals. Let me share a few.
If an investor finds themselves in the rut [...]
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The first thing you want to put aside is the notion that you need to form a corporation, get a business license, buy all new computers and things like this. This is a plague I had too when I was new, guess it was part of my learning curve. But what it kept me from [...]
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One of the best ways to advertise and market for motivated sellers is by using what real estate investors call Bandit Signs. They are called bandit signs because you have to put them out at night on the sly! They are those plastic coroplast signs, 18×24 inches, you have seen posted on telephone poles at [...]
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Driving for dollars, simply put, means driving through subdivisions looking for abandoned houses. You will spot them easily once you have drove for dollars a few times. They will be the houses that have boarded up windows, overgrown grass and neglected landscaping, and as seasoned investors like to call it, deferred (house) maintenance.
Real estate investors [...]
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Hot spot areas are areas where seasoned investors love to buy. Typically, these are areas which have a resale house (used houses, not new houses) selling, once it has been rehabbed for about 25% less than your average multiple listing sales price in your area.
Let me say that again. Once these houses you birddog or [...]
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The use of contractors is a necessary evil as a investor and not part of the job description I like. Unless of course you find the right mix for your personality. Renovating and rehabbing houses can be tricky at best, yet our best deals come from the most ugliest of houses, so we need to [...]
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In this article and its sister article we will discuss setting up your office regarding printers, faxes, and telephones. What to buy, when, where, and why!
My virtual assistant (va) always saves me a lot of time and frustration with software programs I do not know how to run, so I can do what I do well, which is [...]
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This article is for the new real estate investor who is trying to network and get to know seasoned investors, like I did when I was a new. A seasoned investor is defined as one who has bought and sold, repaired, rehabbed, flipped or wholesaled several houses. One who knows the in’s and out’s of [...]
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