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Before You Buy from a Wholesaler, Ask This One Question
January 13, 2025 | 3.5 Minute Read Two weeks ago, we secured a contract for a property from a reputable and experienced wholesaler for $80K. It required $20K in renovations to convert it into a rental, which made it a great addition to our long-term portfolio, especially with rents in the $1300 range. If we […]
Eighth Commandment: Thou Shalt Frame Failure Wisely
December 9, 2024 | 3.5 Minute Read EIGHTH COMMANDMENT: THOU SHALL FRAME FAILURE WISELY When I transitioned into real estate in 2002, I was terrified of making a bad deal. Initially, I saw some success, set massive goals, and let the wins get to my head. My hubris led me to losing everything during the […]
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 […]
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 […]
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
October 21, 2024 | 2 Minute Read FIRST COMMANDMENT: THOU SHALT KNOW THE ARV It’s hard to believe, but it’s been almost 23 years since I became a real estate investor. Over that time, I’ve completed over 2,000 deals, generated hundreds of millions in profit, and now I am here with REI.School helping investors like […]
