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 […]
Hot Markets for Real Estate Investors
October 14, 2024 | 2.5 Minute Read While the average homebuyer may feel the pressure of rising interest rates, real estate investors are stepping in, capturing a record share of homes. Investors accounted for 14.8% of home purchases in the first quarter of 2024—the highest percentage since data tracking began in 2001, according to Realtor.com® […]
Choosing the Best Rental Strategy for Your Property
September 16, 2024 | 3 Minute Read Last week, Carl from NYC reached out to ask about his vacant long-term rental property in Birmingham. He wondered if switching it to a short-term rental (STR) would be a profitable choice. We’ve all seen the success stories from short term rental evangelists, sharing their impressive profits and […]
How I’m Using Cold Calls & KPIs to Buy Houses
September 16, 2024 | 3 Minute Read Back in 2022, when I was just getting started in real estate investing, I signed up for an online service that helped me search for pre-foreclosure properties, known as Lis Pendens. The service only provided the legal description of the property, so I had to use that information […]
Three Strategies for Profiting on Unsold Properties
September 9, 2024 | 4 Minute Read When buying an investment property, it’s crucial to ensure you have at least two exit strategies in place. What if your flip doesn’t hit your profit target, or the property sits unsold on the market? Having a backup plan is essential to protecting your investment and avoiding financial […]
Increase Profits with these Short Term Rental Strategies
September 2, 2024 | 4 Minute Read In April 2022, we launched our first Airbnb property here in Birmingham. This move was born out of necessity, as our original offer price and profit projections weren’t being met. Since then, we’ve converted many of our long-term rentals into short-term rentals, expanding to as many as 18 […]
What A Possible Fed Rate Drop Means for Investors
August 19, 2024 | 2 Minute Read Mortgage rates are currently near their lowest levels in over a year, prompting many borrowers to take action. Mortgage applications rose by 17% in the week ending August 9, according to the Mortgage Bankers Association’s Market Composite Index, which was released on Wednesday. This increase pushed the index, […]
The 1% Rule is Making a Comeback
August 19, 2024 | 2 Minute Read Back in April, I discussed the 1% rule and its relevance to real estate investing. The 1% rule helps investors evaluate a property’s price against its potential gross income. According to this rule, the monthly rent should be at least 1% of the purchase price. For more details, […]
The Three Disciplines To Real Estate Investing Success
August 9, 2024 | 2 Minute Read In today’s competitive real estate investing environment, achieving consistent success requires more than just good intentions— it demands disciplined execution. The three disciplines of execution provides a framework for you to focus on what truly matters. Discipline 1: Establishing a Wildly Important Goal The first discipline is to […]
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 […]