Would You Flip This House?
May 5, 2025 | 5 Minute Read The house may be worth $250,000 and it’s yours for $130,000. Would you buy it? One of the most important skills in buying and selling real estate is accurately comping a property to determine its current and future ARV (After Repair Value) and renovation costs. These figures will […]
Read This Before Using the BRRRR Strategy
January 20, 2025 | 2.5 Minute Read Recently, an out-of-state investor approached me for guidance on employing the BRRRR strategy. BRRRR, which stands for Buy, Renovate, Rent, Refinance, and Repeat, is a popular method to build wealth in real estate. The investor had gone under contract for a property priced at $75,000, planning $20,000 in […]
Fifth Commandment to House Flipping: Do Not Advance Money to Contractors
November 18, 2024 | 2.5 Minute Read FIFTH COMMANDMENT: DO NOT ADVANCE PAYMENT TO CONTRACTORS The contractor dilemma is something every real estate investor faces. On one hand, contractors are an essential part of our team. They’re invaluable and bring tremendous expertise. Finding a really good contractor can feel like adding a new revenue stream […]
Fourth Commandment to House Flipping: The Inspection Period
November 11, 2024 | 2.5 Minute Read FOURTH COMMANDMENT: THE INSPECTION PERIOD When we make offers, it’s not just about the dollar amount. Sure, the price is essential (after all, we’re here to make a profit), but there are several key elements we include in every offer. Here’s a breakdown: Purchase Price Inspection Timeframe Closing […]
The 10 Commandments to House Flipping: Make Daily Offers
November 4, 2024 | 2.5 Minute Read THIRD COMMANDMENT: MAKE DAILY OFFERS It’s hard to believe, but even top investors often overlook this key metric. Sure, they track their profit margins, every dollar earned, and even keep tight schedules for each project. Yet the single most important action we can take to achieve our goals […]
Understanding Hard Money Loans
April 29, 2024 | Reading Time: 1 Minute If you are looking to fix and flip a project and need a hard money lender, they will loan you up to 90% of the purchase price and 100% of the renovation costs. However, the total amount is capped at 75% LTV (loan-to-value) of the after repair value […]