When it comes to generating leads, it pays to be friends with at least a couple of wholesalers. Wholesalers will buy contracts on flip houses and sell them to real estate investors. Basically, I look at wholesaling like a service to generate leads on really great deals, so I never mind spending a little bit more to buy the contract …
3 Ways to Find More Time to Invest in Real Estate
Have you ever noticed that you always have time or money, but never both? If you’re like a lot of people working in the corporate world today, you can definitely relate. Sure, you’re making more money now than when you were working in a coffee shop in college, but you’re not making as much as you’d like. And, worse yet, …
How Yoga Made Me a Better House Flipper
It’s no secret that I love yoga. When I’m not designing our latest flip houses or doing stuff with my kids, I find at least a little bit of time every day to practice yoga. When I first started doing yoga, I had no idea that it might help me make money in real estate. I just wanted a way …
5 New Year’s Resolutions for Real Estate Investors to Make
The new year is right around the corner, which means it’s time to start thinking about your New Year’s resolutions! By now, you may already be planning out goals you’d like to accomplish in your personal life. Maybe you’d like to lose weight, save more money, or wake up earlier. But, if you’re anything like most people, you’ll probably fall …
What Can Playing Monopoly Teach You about Real Estate Investing?
The other day, I was going through some of our kids’ toys, thinking about what they’ve outgrown and what they’ll be growing into next. They’re not quite ready for it yet, but I’m really looking forward to having family board game nights as they get older. Playing Monopoly, Clue, Life, and other games will give us all time together, away …
What is the Best Way to Start Building a Real Estate Network?
As you probably already know, the real estate business is all about reputation and relationships. As you’ve started to grow your real estate investing business, you’ve created and built relationships with real estate agents, contractors, wholesalers, and others in the real estate investing industry. With each new person you meet, you get access to even more people in the business, …
What is the Number One Piece of Advice You Would Give to Someone Looking to Get Into House Flipping?
I think it’s a common belief among many people that house flipping is a “get rich quick” scheme, but really it’s quite the opposite. Tarek and I have spent many years flipping houses, and it took a lot of effort, time and patience to get to where we are today. When we first started flipping, we really didn’t know what …
How Often Do Flips Turn Into Flops?
Often as a house flipper, it’s easy to get caught up into thinking that any old house will be able to return a good profit, but this isn’t true for every house. While house flipping can be a profitable business and can provide a steady source of income, many flip deals can end up turning into flops if you aren’t …
Do I Need a Business License to Begin Flipping Houses?
A lot of new house flippers tend to be confused about business licenses, but for good reason. The world of business can be overwhelming, especially when you aren’t sure what direction you are supposed to be going in. Consider this. Are you planning on flipping one or two houses a year while still holding on to your full-time job? Or …
How Much Time Will I Need to Dedicate to House Flipping in Order to Succeed?
This is a question that I could answer in one of two ways. Basically, when you’re flipping a house you can contribute as much or as little time as you’d like, but if you truly want to be successful you’re going to need to put in more than just a couple of hours a day. For example, if you are working a 9-to-5 …
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