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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 […]
How to Use an Assignment Agreement to Wholesale Properties
November 11, 2024 | 2.5 Minute Read Over the years, I’ve wholesaled hundreds of properties, using a single simple document to assign properties to other investors. The assignment agreement allows an investor, often referred to as the “assignor” or “wholesaler,” to transfer their rights in a real estate purchase contract to another party, known as […]
How to Screen Buyers for your Flips
October 14, 2024 | 5 Minute Read Back in August, we listed one of our properties for sale. It had been a long-term rental for five years, but with the equity built up, we decided it was time to sell. Within a week, we received an acceptable offer. The buyer’s agent assured me the buyer […]
Is a “Subject To” Strategy Right For You?
September 30, 2024 | 3.5 Minute Read Last week, a real estate agent reached out to discuss the sale of one of her listings. She received two “Subject To” offers and wanted to gain a better understanding of whether these offers should be considered. To review, a “Subject To” strategy in real estate involves taking […]
New Real Estate Rule is Turning Showings Upside Down
September 9, 2024 | 2.5 Minute Read The major change in real estate commission rules, effective August 17, requires buyer’s agents to negotiate their fees directly with clients. This shift, following a recent federal court ruling, disrupts the previous practice where commissions were split between the seller’s and buyer’s agents. A Kaplan survey of 300 […]
How to Wholesale a Property Using the MLS
When we have a house under contract, we make it clear to the seller that we intend to list it on the MLS (Multiple Listing Service). Many investors may use a novation when listing a house on the MLS, but that’s not always the case. You can accept cash offers and some conventional offers, both […]
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 […]
