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. […]
Is a “Subject To” Strategy Right For You?
September 30, 2024 | 3.5 Minute Read Last week, a real estate agent reached out to discuss the sale of one of her listings. She received two “Subject To” offers and wanted to gain a better understanding of whether these offers should be considered. To review, a “Subject To” strategy in real estate involves taking […]
Where Young Talent Moves: Should You Invest?
September 30, 2024 | 2.5 Minute Read Over the past few years, smaller metro areas have become hotspots for young professionals seeking a balance of affordability, livability, and career growth. Between July 2020 and July 2024, several metro regions saw significant increases in net domestic migration, offering prime opportunities for savvy real estate investors. Some […]
Hotel Conversions Are Exploding
September 23, 2024 | 1.5 Minute Read Multifamily conversions are experiencing unprecedented popularity. From repurposing distressed offices and old warehouses to transforming defunct baseball stadiums, developers are turning diverse properties into multifamily housing. The latest trend in this booming category is the conversion of hotels. In the wake of the pandemic, the hospitality industry has […]
The Lowest Acceptable Offer Strategy You Need
September 23, 2024 | 4 Minute Read Most wholesaling training focuses on calculating ARV, repair costs, and desired spreads to determine offers. However, this method proved to be more of a grind than a success. It’s trying to fit a square peg into a round hole. Acquisitions will struggle with the lengthy process, which involves […]
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 […]
New Real Estate Rule is Turning Showings Upside Down
September 9, 2024 | 2.5 Minute Read The major change in real estate commission rules, effective August 17, requires buyer’s agents to negotiate their fees directly with clients. This shift, following a recent federal court ruling, disrupts the previous practice where commissions were split between the seller’s and buyer’s agents. A Kaplan survey of 300 […]
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 […]