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 […]