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 REI Documents You Need to be Successful
November 4, 2024 | 1.5 Minute Read Over 22 years and with more than 2,200 properties owned and flipped, I’ve had quite a journey as a real estate investor. Along the way, I’ve gathered a wealth of knowledge, insights, and strategies. I’ve put nearly every real estate investing strategies into practice, from wholesaling, joint ventures, […]
How We Made $70,000 with Four Mid-Term Bookings
October 28, 2024 | 2.5 Minute Read Back in June, I started exploring ways to boost bookings and occupancy across our 13 short-term rentals, which we currently list on both Airbnb and VRBO. The answer? Mid-term rentals. This type of rental accommodates guests seeking housing accommodations of 28 days or more — a huge, untapped […]
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 […]
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 […]