Boosting Profits with Contract for Deeds
August 26, 2024 | 2.5 Minute Read Here is a creative strategy for selling real estate deals, specifically the use of Contract for Deeds (CFDs) as opposed to traditional buying methods. This approach not only enables you to generate a lump sum of cash but also creates ongoing cash flow. A Contract for Deed is […]
Rental Property Mistakes That Drain Profits
August 9, 2024 | 2.5 Minute Read Real Estate Investing, Rental Property Tips, Residential Real Estate, Landlord Advice, Tenant Screening, Property Management, Investment Mistakes, Rental Income Strategies, Real Estate Maintenance, Financial Planning, Rental Agreements, Vacancy Planning, Rent Pricing, Real Estate Survey 2024. To avoid the common pitfalls and protect your investment, here are six mistakes […]
Disconnect Between the Asking Price vs Turnkey Price
One effective way to find off-market properties is by building relationships with real estate agents who have pocket listings of distressed properties they aim to sell for cash. Many seasoned agents have investors on speed dial, benefiting from quick cash offers and, when permitted, acting as dual agents to retain the full commission without splitting […]
Consider This Before Accepting Section 8 Tenants
August 5, 2024 | 2.5 Minute Read When I first began owning rental properties in 2013, most of the houses I purchased were in B and C class neighborhoods. At that time, buying these properties was incredibly affordable, with prices under $20,000. The average rent for a three-bedroom house was between $800 and $850 per […]
Why I Converted a Listing to a Short Term Rental
July 29, 2024 | 5 Minute Read December 2021, I assisted an out-of-state investor with refinancing his turnkey properties in Birmingham. To my surprise, I discovered that he had several short-term rentals (Airbnb’s) in the same areas where we had long-term Section 8 rentals. Who would have thought short-term rentals (STRs) could operate in these […]
How to Protect Your Properties from Theft
July 15, 2024 | 3 Minute Read Time With the volume of properties we are renovating, several often remain vacant for some time. Having vacant properties is bad enough, but leaving them vulnerable to theft and vandalism is even worse. Over the years, we have experienced break-ins at our these vacant properties. Thieves have stolen […]
Real Estate Fearmongering for Clicks
July 8, 2024 | 5 Minute Read Time I am always amazed by the number of experts or gurus on YouTube predicting a real estate crash in 2024. Many of these YouTubers skillfully use psychology to craft their content, titles, and thumbnails to maximize clicks. More clicks translate to more subscribers and greater opportunities to […]
When selling an investment property is a bad idea
June 24, 2024 | 1.5 Minute Read Time An out-of-state investor was seeking to sell his recently vacated turnkey property. This neighborhood, a very affordable, rising blue-collar working-class area, has been a target for investors looking to flip and hold properties for years. The previous Section 8 tenant paid $800 per month. The investor is […]
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 […]
How to Find Active Buyers on Zillow
June 17, 2024 | 1.5 Minute Read To locate active buyers on Zillow, follow these steps: Visit Zillow.com and enter your city/state to search for recently sold properties in your area. If you have a specific property to sell, enter its address. Change the filter to show only Sold properties. Adjust the filters to set […]