I’ve told new investors for years that they should never fall in love with a property until they’ve closed. I was definitely guilty of doing that when I first started real estate investing, but I quickly learned that it wasn’t a good idea. It’s also important to remember that you should never start spending the profits on a finished flip …
If finding the money for your real estate deals is proving to be a giant headache and putting a damper on your real estate dreams, don’t worry. You’re certainly not alone. Of the thousands of real estate investors our team has mentored, at least half of them refer to their lack of access to funding as being a major obstacle …
Christina and I laugh at each other a lot because we go back and forth on the money we spend. I tend to underestimate how much our flips will cost to rehab, but then she wants to go buy a claw-foot tub for a flip that’s already over budget. Fortunately, we balance each other out, and we’ve been doing it …
If you’ve watched Flip or Flop, you can see that Tarek and I have come a long way even since the beginning of our first season. We’ve learned a whole lot about flipping houses and working as a husband and wife team along the way. We’ve had a lot of great experiences, and we’ve had a few not-so-great times, …
Whether you want to see a return on your real estate investment by flipping or as a landlord, if you’re buying a flip or REO foreclosure property, you’re going to have to do some rehab. These properties and rentals almost always require work, and for the majority of them, that work is going to be extensive. In other words, if …
There are a lot of different ways to wholesale a house. In fact, it’s one of my favorite strategies for new real estate investors who want to get into flipping houses. Let’s dive in. First, what is wholesaling? Wholesaling real estate means selling a house “as-is” to another buyer—typically another investor who’s going to rehab it, and then rent it …