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Setting Goals to Buying a Turnkey Rental
December 2, 2024 | 3.5 Minute Read Buying a turnkey real estate investment property—one that is fully renovated, rented, and generating income—can be a low-effort way to start or expand a real estate portfolio. However, success in this type of investment requires clarity about your goals and well-thought-out strategies. First, you need to establish clear […]
Seventh Commandment: Other People’s Money
December 2, 2024 | 3 Minute Read SEVENTH COMMANDMENT: OTHER PEOPLE’S MONEY When I first got started in real estate investing, my biggest false belief was thinking I needed a mountain of cash saved up to even begin. It was daunting, especially when I learned that 90% of self-made millionaires created their wealth through real […]
The Secret to Finding Corporate Cash Buyers for Wholesale Deals
November 25, 2024 | 2.5 Minute Read In the early days of wholesaling, before the internet and modern tech tools revolutionized the industry, the primary way to find cash buyers was through networking at local real estate investor meetups. Collecting business cards and building an email list was key. That email list was like gold—a […]
Sixth Commandment to House Flipping: Build Relationships
November 25, 2024 | 3.5 Minute Read SIXTH COMMANDMENT: BUILD RELATIONSHIPS Relationships, whether personal or professional, aren’t about chasing people down. They’re about being your best self, putting that self out into the world, and allowing the right people to be drawn to you. In other words, attract, do not chase. So far, we’ve […]
Fifth Commandment to House Flipping: Do Not Advance Money to Contractors
November 18, 2024 | 2.5 Minute Read FIFTH COMMANDMENT: DO NOT ADVANCE PAYMENT TO CONTRACTORS The contractor dilemma is something every real estate investor faces. On one hand, contractors are an essential part of our team. They’re invaluable and bring tremendous expertise. Finding a really good contractor can feel like adding a new revenue stream […]
Here’s How Much I Earned with this Short Term Rental
November 18, 2024 | 2.5 Minute Read Last week, a memory popped up on my Facebook feed: a photo of my wife, Gina, setting up one of our short-term rentals. She and her mother Faye did an amazing job designing this property. I figured it was the perfect opportunity to discuss my reason why we […]
Drive Occupancy in Your Short-Term Rentals with this Strategy
November 11, 2024 | 2.5 Minute Read A few months back I started exploring strategies to boost bookings across our 13 short-term rentals. In our market, monthly occupancy rates around 50% are considered average, but I aimed to improve this, especially during weekdays. In peak season, we focus on maximizing nightly rates, aiming for that […]
Fourth Commandment to House Flipping: The Inspection Period
November 11, 2024 | 2.5 Minute Read FOURTH COMMANDMENT: THE INSPECTION PERIOD When we make offers, it’s not just about the dollar amount. Sure, the price is essential (after all, we’re here to make a profit), but there are several key elements we include in every offer. Here’s a breakdown: Purchase Price Inspection Timeframe Closing […]
How to Use an Assignment Agreement to Wholesale Properties
November 11, 2024 | 2.5 Minute Read Over the years, I’ve wholesaled hundreds of properties, using a single simple document to assign properties to other investors. The assignment agreement allows an investor, often referred to as the “assignor” or “wholesaler,” to transfer their rights in a real estate purchase contract to another party, known as […]
How to Market Your Rentals & Screen Tenants
November 4, 2024 | 2.5 Minute Read When a property becomes available for rent, our first priority is to capture high-quality photos and videos. After enhancing the images, I use film editing software to create a brief 1-2 minute video. You might wonder why include a video; let me explain. Once the media is ready, […]
