Jan 20th

Finding a partner

By rosch99

Are you a newbie real estate investor?  If your experience is like mine you've found it's not that difficult to learn how to put a short sale presentation together and work with the Loss Mitigation Department.  I've had several short sales approved, one with about $60k in profit potential, but lost the deal when I couldn't find an end buyer.  I think it would be fantastic to find an experienced investor who is interested in lending a helping hand while leveraging their time by partnering up.  I can find the deals, fund the deals (transactional funding), and do the deals, but I can't keep 'em, and so far I can't sell 'em. 
I'm hoping that by joining here I'll find someone in the network who is willing to join me for a drive around the block.
What do you think?

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Nov 1st

Flipping Tactic: Wholesale

By Danny Welsh, CMO of HIS, Greatest Real Estate Giveaway Director

Flipping House Tactics

We all hear about "Flipping" all the time. It is the HOT strategy of the year in real estate: Flipping books, flipping articles in the newspaper, and even flipping shows on TV! What is flipping, how does it work, and how you can profit?

Flipping Real Estate simply means buying a property and reselling it quickly, as opposed to holding on to a property long term as a rental. Flipping comes in several varieties, most of which are legal and profitable, some of which are not.

Flipping Tactic: Wholesale
The fix and flip, is very popular, which means there are a lot of investors looking for rehabs. You can buy the property cheap and sell it for just a few thousand dollars more to another investor without doing any work. You won't make nearly as much as the rehabber, but you will realize your profit quickly.

Check under wholesaling section of training link at website for our recommendation on this one to learn all the skinny on how to make fat bucks with wholesaling properties.

Danny Welsh
Director, The Greatest Real Estate Giveaway

http://www.hisrealestatenetwork.com
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Sep 29th

Flipping properties Strategy: Buy, fix, and sell retail

By Adam Steward

Flipping properties Strategy: Buy, fix, and sell retail

This is probably the most common form--the good, old "fix ‘n flip." Also sometimes called rehab and retail or even “quick turning”.

 

This involves buying a property that needs work, fixing it up, then selling on the "retail" market, that is, to a person who will live in the house.

This method is tried and true and works very well. You can easily make $15,000 to $50,000 on one deal, depending on your market and how good you are at finding bargains.

The danger in fix and flips is either paying too much or underestimating repairs. Be very conservative in your fix-up costs and length of time it may take to resell. Also, make sure you consider the cost of paying a real estate agent to sell the property if you intend to use a real estate agent.

 

Is that by any means the only way of flipping properties? No way! It’s just one way.
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Sep 1st

Flipping Tactic: Buy, refinance, and lease option

By Danny Welsh, CMO of HIS, Greatest Real Estate Giveaway Director

Rather than sell the fixed up property for all cash, sell for terms. Once you have completed the rehab, refinance the property at its new appraised value. If you did the math correctly, you should have little or no money in the deal. Sell the property on a lease with option to buy.

The rent payment from your tenant/buyer should cover your mortgage payment. (If not, consider an interest-only or adjustable rate loan that is fixed for three years.)

When your tenant exercises his option, you reap a larger profit, since you don't have to pay a broker's fee. If the tenant exercises his option after twelve months, you benefit from a lower capital gains tax rate.

Danny Welsh
http://www.hisrealestatenetwork.com

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Aug 14th

Flipping Houses Strategy #3: Buy and flip "as is"

By Danny Welsh, CMO of HIS, Greatest Real Estate Giveaway Director
Flipping Houses Strategy #3: Buy and flip "as is"

Don't like to do fix-up work? Consider selling the property "as is" as a light fixer upper. If the local real estate market is hot, you should be able to sell the property in poor condition just a little below market.

This is especially the case with houses in "transitioning" neighborhoods. Make sure, of course, that you acquire the property cheap enough that you can sell it below market quickly and still profit.
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Jul 24th

Flip Houses Strategy with Pre-construction Contracts

By Adam Steward

Flip Houses Strategy with Pre-construction Contracts

In very hot real estate markets, prices can appreciating as much as 2% per month. If you time things right, you can put a contract on a pre-construction house or condominium, then flip it to someone else when the development is complete.

If it takes 12 months for the development to be complete, and the condo price is $500,000, you could make $100,000 or more in one year! Of course, the opposite is also true. You could end up losing money if the local economy tanks and you end up with a worthless condo that you can't sell for more than you paid. Use this approach very carefully…and make sure to BALANCE YOUR PORTFOLIO. For more information on how to limit your risk in these high-risk type scenarios by offsetting the risk with other investments that bring CASH FLOW check out our website under Select Members at http://www.hisrealestatenetwork.com

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