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 […]
How the U.S. Election May Affect Your Income
October 21, 2024 | 2 Minute Read While both Republicans and Democrats have several key issues on their agendas, one topic that has the attention of many real estate investors is taxes. When it comes to corporate taxes, the two parties are taking very different approaches. Democrats are pushing for an increase from the current […]
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 […]
How to Screen Buyers for your Flips
October 14, 2024 | 5 Minute Read Back in August, we listed one of our properties for sale. It had been a long-term rental for five years, but with the equity built up, we decided it was time to sell. Within a week, we received an acceptable offer. The buyer’s agent assured me the buyer […]
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® […]
How to Do 100 Flips a Year
October 7, 2024 | 3 Minute Read In our business, we keep things straightforward and effective. Our typical process involves purchasing a property, cleaning it out, and then listing it on the MLS. Occasionally, we sell the property before listing it. Our goal is to dominate our market, especially in B and C class neighborhoods, […]
My Short Term Rental Nightmare Hellish Week
October 7, 2024 | 2 Minute Read Managing a single short-term rental is relatively easy, but handling 13 properties across platforms like Airbnb, VRBO, Booking.com, and Booklee requires processes, systems, and automation. Tools like calendar syncing, dynamic pricing, instant messaging, WIFI locks, and Google Nest Thermostats are supposed to make management smoother—and they usually do. […]