Reading Time: 7 minutes House flipping is an increasingly popular method of real estate investing which can be highly profitable if the investor is able to take the right steps at the right time. Despite this popularity, not all house flips are successful or profitable, and less experienced investors may find themselves in a
Reading Time: 3 minutes Striking a deal when buying a home is every homebuyer’s dream. Sometimes, though, the super low prices come at a cost – it may be a distressed property. It’s not a bad thing to buy a property that’s distressed, but knowing what you’re getting into is crucial. Buying distressed properties
Reading Time: 7 minutes Quick Summary Investing in abandoned property often gets a bad reputation from real estate investors. The real estate industry puts a lot of stake into turnkey properties, and experts will often push less experienced investors towards homes that are easiest to renovate and sell. Their reasons are valid; less intensive
Reading Time: 7 minutes What are comps in real estate? In real estate, the term ‘comps’ is short for ‘comparable properties’. The goal when assessing comparable properties (comps) is to gain a realistic valuation of your home, based on the recent history of comparable sales in the area. For instance, if you were flipping
Reading Time: 3 minutes Hard money loans are a great way to secure financing to buy a home fast. They don’t rely on your personal qualifying requirements as much as they rely on the property itself. This makes it easier for borrowers who may not have perfect credit but can afford to buy a
Reading Time: 5 minutes Quick Overview The speed at which you flip a house has a big impact on how much money you end up making in the deal. Simply put, the shorter it takes, the more money you are likely to make, provided you complete high quality renovations. As a very broad rule
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 that the bank (loan provider) is motivated to get the property off their books as soon as possible.
Reading Time: 3 minutes Quick Summary House flippers want to make as much money as possible, but how many houses can you flip in a year? Technically speaking, there aren’t any regulations stating you may only flip ‘X’ number of houses per year. It depends on your finances, time management, and the availability of
Reading Time: 3 minutes Homebuyers save a lot of money buying foreclosed homes, but at what risk? Whether you buy a home undergoing the foreclosure process at an auction or from a real estate agent, you buy it ‘as is,’ which means that your foreclosed property may come with a few nasty surprises that
Reading Time: 7 minutes Quick Summary In most cases, an extra bedroom can add between $30,000 to $50,000 to the potential resale value of a house, depending on the location and the existing property value. It is also possible increase a home’s value by increasing the size of the master bedroom. The only catch
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