Reading Time: 7 minutes Quick Summary Buying a foreclosed home can be a great way to purchase a property for less than its market value. The reason foreclosed homes often sell below their market value is because the bank (loan provider) is motivated to get the property off their books as soon as possible.
Reading Time: 2 minutes Quick Summary House flippers want to make as much money as possible, but how many houses can you flip in a year? The sky is the limit. There aren’t any regulations stating you may only flip ‘X’ number of houses per year. It depends on your finances, time management, and
Reading Time: 3 minutes Homebuyers save a lot of money buying a foreclosed property, but at what risk? Whether you buy the home at an auction or from a real estate agent, you buy it ‘as is,’ which may mean that your foreclosed property may come with a few nasty surprises. What’s so risky
Reading Time: 7 minutes When renovating a property, it’s key to look at options that will improve home value and attract buyers. One of the best ways to add value is by adding an extra bedroom, making changes to kitchen and bathroom spaces, and doing a select few other home improvements that will change
Reading Time: 6 minutes Quick Summary House Flipping and BRRRR (Buy, Rehab, Rent, Refinance, Repeat) investing are two popular real estate strategies that are actually very similar from a process perspective. Both strategies rely on the investor’s ability to identify run-down properties that have the potential to be transformed into highly valuable assets. The
Reading Time: 3 minutes If you’re handy or have a team of expert contractors, you can earn great profits finding cheap fixer upper homes for sale. When you buy a home for less than it’s worth, fix it up, and sell it for a higher price, you may make more than investors who buy
Reading Time: 2 minutes Paying a contractor upfront is never a good idea. With full payment in hand, what leverage do you have if the contractors don’t do a good job or even start the job? You’ll come across contractors that ask for payment upfront, but they are usually scammers. Contractors shouldn’t need much
Reading Time: 8 minutes Hard money loans can be a highly successful way to invest in real estate and build financial independence. The key is understanding how they differ from traditional mortgage loans, what type of projects they are used for and what the benefits are for the investor. Table of Contents Buying into
Reading Time: 3 minutes All lenders charge interest rates and fees – it’s how they can stay in the business of granting loans. Each lender has different costs, so shopping around to find the best rates helps you save the most on your home financing needs. Private lenders have the benefit of setting their
Reading Time: 7 minutes Buying a fixer-upper can be a great way to earn good profits, provided you can stick to the renovation budget and schedule. One of the biggest challenges less experienced house flippers face is figuring out how long a whole house renovation will take them. As is the nature of fix
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