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 […]
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 […]
Buying from a Wholesaler? Here’s What You Need to Know
July 1, 2024 | 3 Minute Read Time Each week, I receive multiple emails from wholesalers offering properties for sale. However, I seldom purchase from them, and it has been a few years since my last wholesale purchase. Despite this, wholesalers provide a valuable service by handling the heavy lifting involved in locating and presenting […]
I Made $27,660 in Six Hours Flipping This House
June 24, 2024 | 4.5 Minute Read HOW I FOUND THE DEAL (1 Hour)On May 8th, we decided to sell one of our short-term rental properties. Although it performed well on Airbnb and VRBO, we wanted to liquidate part of our portfolio, which included a 5/1 ARM at 4.25% that would reset in about two […]
Five Real Estate Tech Trends To Watch In 2024
May 13, 2024 | Reading Time: 5 Minutes Technological innovations, such as the rise of remote work facilitated by advancements in communication technology, can reshape housing preferences. Changes in work patterns and lifestyle choices may alter demand for certain types of properties, leading to localized price adjustments. 1. Tech Challenges: The property technology sector, a […]
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 […]