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One of the most important aspects of property investment, particularly for fix and flip-type investors (but useful for everyone!), is the ability to assess how much you’re going to have to invest in a property to get it into the condition it needs to be. That’s not an easy skill to learn! Let me help.
Flipping a house is an easy process that’ll net you TONS of profits every time, right? As any real investor knows, the reality is very, very different than what’s shown on TV. View the full article: 7 Ways TV Flipping Shows Are Completely Fake (As Any REAL Investor Knows!) on The BiggerPockets Blog | Real
To be blunt, most contractors are terrible. As a landlord, I deal with it all the time. They don’t answer their phone. They don’t show up when they said they would. They don’t do what they said they are going to do. But there ARE gems to be found in the rubble. Here’s how to go about
If you’re embarking on a major project or rehab, you might be tempted to save money (and the stress of finding someone reliable) by serving as your own contractor. But wait—you’ll want to read this first before making the decision. View the full article: Should I Hire a General Contractor or Serve as My Own?
Do you have FOMO (fear of missing out) when it comes to rehab properties? We all get the same feeling: the anxiety and sense of urgency to find your next (or first) deal. This is natural. But by keeping these tips in mind, you will start to put your emotions aside, and never enter into a bad deal again! View the full
Successful house flipping is all about boosting margins through clever methods, and saving on supplies is a great way to do that. Learn several smart tricks here. View the full article: 6 Clever Ways for House Flippers to Save Big on Remodeling Supplies on The BiggerPockets Blog | Real Estate Investing & Personal Finance Advice.
If you are just getting into flipping houses for profit, it can be learned if you are serious about your house flipping education. Yes, you should consult books, read blogs, listen to podcasts, and so on. But the very best way to learn is by doing. So get started! Here’s how. View the full article:
When investing in real estate, you have to learn to expect the unexpected. When a rehab went wrong for this investor, the many unpleasant conversations that followed weren’t fun. On the upside, he learned several valuable lessons to apply going forward. View the full article: 4 Painful (But Invaluable) Lessons Learned From a Rehab Gone
Recently my company bought an active marijuana grow house. It was an illegal operation that was raided by the police. This home was filled with grow equipment, similar to a hoarder property. Now we’re working on fixing and flipping it. Here’s how we budgeted for the rehab. View the full article: Property Walk-Through: How to Budget a
Are subpar, unreliable contractors tanking your projects (and testing your sanity)? Stop falling prey to this common scenario. Take charge by understanding a contractor’s point of view—and start working with top-notch contractors in your market. View the full article: 4 Reasons You’ll Never Find a Good Contractor (Insight From an Investor/Contractor) on The BiggerPockets Blog.