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 […]
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 […]
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 […]
How His Flip When Sideways (and He Is Going To Lose Thousands)
June 24, 2024 | 4 Minute Read Time Early last week, I connected with a new investor. I use “new” loosely since he has only completed three flips. He bought a property in the Avondale area, a few miles from downtown Birmingham. This is a very eclectic, hot area within walking distance of Avondale Park […]
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 […]
Top 3 Real Estate Investing Sales Mistakes
June 17, 2024 | 1 Minute Read In the competitive world of real estate investing, making mistakes can be costly. Here are the top three blunders that can derail even the most promising investing careers. Ignoring Market Needs The cornerstone of successful real estate investing is understanding and meeting market needs. When investors ignore this […]
How to Wholesale a Property Using the MLS
When we have a house under contract, we make it clear to the seller that we intend to list it on the MLS (Multiple Listing Service). Many investors may use a novation when listing a house on the MLS, but that’s not always the case. You can accept cash offers and some conventional offers, both […]
How to Negotiate Price Reductions
June 3, 2024 | 4.5 Minute Read Would you like to add hundreds of thousands of dollars to your profits by turning dead deals into profitable ones? We’ve developed a method to successfully renegotiate deals that many would consider dead, turning them into profitable opportunities. This isn’t about sales training, but about strategy. We use […]
Ninja Tricks for Direct-to-Seller Distressed Lists
June 3, 2024 | 2 Minute Read For those doing direct-to-seller residential marketing, here is an excellent source to find motivated leads. Go to Google and type in “open request form” or contact your county to get this list. In the sheriff list look at open request for recently incarcerated. Search pages to see description […]
The Power of Real Estate Debt Investment
May 27, 2024 | 2.5 Minute Read Diversifying your investment portfolio is a time-tested strategy that helps mitigate potential losses and offers opportunities for wealth growth over time. Real estate debt investments provide a unique way to diversify, offering exposure to the real estate market without the hassle of actively managing a property. Real estate […]