October 31, 2020
If you’re getting ready for the home selling process, then more likely than not, you have been through the home buying process at least once before. If you were surprised by the complexity of the buying process, then this should serve as fair warning that the home selling process will not be any easier. On […]
October 28, 2020
The Covid-19 pandemic has left millions of people stressed over their finances. The unemployment claims have passed 40 million as more people find themselves in need of assistance. The challenges brought about by the pandemic are evidence that we need to figure out our finances. We need solutions that will cushion us from joblessness. […]
October 24, 2020
We expected to hit the ground running on Day 1. Unfortunately, due to COVID-19, the owner was not comfortable with us entering the property until they moved out. We were planning on starting inspections, running permits, and taking measurements while the owner moved out. We ended up having to wait over a month and until […]
October 21, 2020
You’ve come a long way, but now it’s time to sell your house. This means cleaning the house and prepping it for staging. Staging gives potential buyers an idea of how they can efficiently use the available space of a property. Stage the bathroom, master bedroom, kitchen, and living room. Give them an idea of […]
October 17, 2020
Mold may be hiding in your home when you least expect it. For mold to live and grow, there needs to be a damp and usually dark and unexposed surface. Mold may be hiding in a closet behind clothes you rarely touch, or behind a dresser, you haven’t moved away from the wall in years. […]
October 14, 2020
When in the trenches of the actual rehab, you will encounter five different (but important) stages: Demolition and trash cleanup: Removal of damaged items (walls, floors, toilets, piping, etc). Outside cleanup would include dead trees, bushes, fences, decks, etc. Foundation and framing issues: This stage takes care of the skeleton of the house. HVAC, plumbing, […]
October 10, 2020
One of the most difficult concepts for new real estate investors to understand is the concept of buying real estate with no money down. What Is ‘No Money Down?’ The term “no money down” is misleading. The definition does not mean no money down. It simply means none of your money down. You […]
October 7, 2020
Finding the right contractor is an essential part of the rehab process, but the prep work doesn’t stop there. After selecting who you want to work with, you need to obtain the necessary permits for the project at hand. The exact number of permits will depend on the scale of your project and specific locality; […]
October 3, 2020
Real estate wholesaling is a kind of arbitrage in which a party known as a wholesaler negotiates a contract for the right, but not the obligation, to purchase a property for a particular price. Rather than completing the purchase, however, the wholesaler finds a buyer who will pay a higher price. The wholesaler then assigns […]
September 30, 2020
Once you’ve evaluated and picked the contractor that best suits your rehabbing project, you can move on to signing the contracts. Keep in mind, no project should start before all parties involved have agreed and signed the contracts. (This is a must.) Be sure your paperwork has the following: Independent Contractor Agreement: Details everything about […]