How The 70% Rule Can Wreck Your Flip
January 6, 2025 | 3 Minute Read Flipping houses is thrilling and insanely lucrative when you watch it on HGTV. The reality is far from the what you see. Whether you dream of becoming a celebrity flipper or simply want to explore a profitable real estate opportunity, one question always stands out: How much do […]
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 […]
The 10 Commandments to House Flipping: Multiple exit strategies
October 28, 2024 | 2.5 Minute Read SECOND COMMANDMENT: MULTIPLE EXIT STRATEGIES Knowing the After Repair Value (ARV) is essential. It may sound simple, but often the simplest steps are the ones most easily overlooked. Success in this business comes from doing these basics consistently—right up to building a million-dollar business if you’re willing to […]
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 […]