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 an abbreviation of ‘comparable properties’. The goal when assessing comparable properties (comps) is to gain a realistic valuation of your home, based on recent sales history in the area. For instance, if you were flipping a house
Reading Time: 3 minutes It’s no secret that foreclosed homes make great investments because you can usually buy them for much less than the market value. Whether you fix and flip the home or fix it and rent it, you invest less money in the home initially, which may mean larger profits. Some of
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: 3 minutes Buying a house at below market value, fixing it up, and selling it is house flipping and it can be profitable. Just how profitable depends on the situation. Some investors make as much as $100,000 or more and others make less than $20,000. So what’s the average? Typically, the average
Reading Time: 3 minutes Quick Summary For a quick estimate, you can multiply the property’s value by anything from 0.8% to 1.1%. This is a good baseline for properties throughout the US. Naturally the final price may require further tweaking and investigation. If you’re moving, you may wonder if you should keep your home
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: 3 minutes Home Equity Formula Home Equity = Value of home – Mortgage Balance Home equity plays a key role in many of your real estate decisions. Whether you cash out your home’s equity to buy an investment property or fix up the home or you want to know how much you’d
Reading Time: 7 minutes Quick Summary Buying multiple rental properties is a common strategy used by investors to expand their real estate portfolio and build wealth. The process of going from owning a single rental home to owning and managing multiple properties at the same time can be daunting, but there is good news
Reading Time: 7 minutes Quick Summary: Owning multiple rental properties can lead to financial independence Turning passive income into positive cashflow requires careful planning The investor will need to determine their average cost of living Number of Rental Properties Needed = Monthly Living Expenses / Cash Flow Per Rental Property Table of Contents Rental
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