Categories: Tips
Whether you’re getting ready to invest in your first rental units, or you’ve been renting for years, it’s always a good idea to learn from other people’s mistakes. In this video, Chandler David Smith tells us about the lessons he’s learned and what NOT to do as an investor. Check it out!
Ready to start investing? Need some guidance? Then contact our team. We’re ready to show you how to invest and invest right!
Categories: Tips
Interested in succeeding as a BRRRR investor? Then check out this video! Matt Faircloth from Bigger Pockets gives us a tour of a property he invested in, and talks about numbers, lessons, and tips. Check it out!
Ready to tackle the BRRRR method and invest in your first property? Our team is here to guide you through the process and help you reach your investment goals. Contact us today.
How do you find good deals? Well, that’s what this video from Bigger Pockets discusses. In this video, you’ll learn about the top 10 strategies for finding great real estate investment deals, even in a competitive market.
What are you waiting for? Now’s the time to find a great deal and start investing. Need help? No worries. Our team is here and ready to coach you through the process.
Have you heard of the 1% Rule? Yes? No? Either way, check out this video from Matt McKeever about why you need to know about this real estate investment strategy.
One of the best ways to make the most on your investments is to find wholesale deals. But, how do you do that? Well, here are 5 tips from REIClub.com. Check them out!
Ready to learn more? Visit our Investor Tools page, or contact us today!
How do you analyze an investment property before you invest in it? Well, check out this walk-through from Bigger Pockets. It offers excellent tips on evaluating a property in order to sell (or rent) it for top dollar.
Check out this real life example of BRRRR (Buy, Renovate, Rent, Refinance, Repeat). Matt McKeever offers an excellent illustration of the popular investment strategy.
Ready to give the BRRRR method a try, but need help with your financing? No worries. Contact us to figure out your financial path and take advantage of our 2-Step Loan Program.
How do I find wholesalers?
This is a key question many real estate investors ask…and it’s a great question to ask! A key part of the BRRRR method (buy, renovate, rent, refinance, repeat) includes finding and buying under market properties. Although there are many ways to go about buying under market properties, one of the best is via wholesalers.
Simply put, they’re companies whose sole focus is finding undervalued properties, negotiating the sale, and offering them to real estate investors like yourself. Most of the houses that wholesalers find do not have the margins for traditional fix and flips. However, they work great for rental investments.
Wholesalers have two basic rules of thumb when selling their properties. The buyer must:
They will not wait around for appraisals, inspections, and loan approvals. If you want one of their properties, you have to be able to close fast. (Check out our Quick to Buy, Quick to Refi Strategy to learn how you can close your deals fast.)
One of the biggest hiccups investors experience when it comes to wholesalers is finding them. So, we’ve listed out 4 simple methods to try out:
Buying under market properties is key to capturing free equity and multiplying your cash flow. So, what are you waiting for? Learn more about rental investments and how to get the most bang for your buck by contacting us or downloading one of our free investor tools!
Whether you’re just starting to flip houses or you’ve become an old pro, it never hurts to read about other people’s experiences and learn about tricks of the trade.
We’ve all seen those “reality” shows on TV, where they showcase a house flipper who makes a ton of mistakes, yet somehow still manages to turn a profit. It makes for nice TV, but it certainly isn’t part of any reality I’ve ever experienced.
Check out this post from Mindy Jensen on Bigger Pockets. She offers 11 expert tips on flipping homes, from beginning to end.
Quick to Buy, Quick to Refi, a new 2-step loan strategy, helps you maximize your loan amounts while limiting the amount of cash you put into a project. It also helps you rapidly finish your projects and buy again, and again, and again.
What does that all mean? It means you no longer need to worry about missing out on great deals and getting stuck in expensive hard money loans.
The Quick to Buy, Quick to Refi strategy all starts with properly setting up your short AND long-term loans.
Now, even though your short-term loan will come first (to quickly buy an under market property from a wholesaler), a key step is to FIRST get pre-qualified for the long-term loan. Why? To ensure you’re able to maximize both loan amounts. If you can qualify for a larger loan upfront, then it’s likely your short-term lender will match that amount.
It also means you’re already going through the process for securing a long-term loan as you begin renovating a property with a short-term loan. Think, “Two birds, one stone.” By the time you finish renovations, you’re ready to refinance into a long-term loan.
But, hold on. You also need to know about the types of refinances. There are two you need to know about: “rate and term” and “cash out”. And yes, it matters you know the differences.
Ready to find out what about those differences? Then check out the whole video here and start capturing free equity, boosting your cash flow, and investing in more properties.
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