You may have heard of the over-under in sports gambling. That’s where you bet on whether the combined score of both teams will be either higher or lower than that number. But did you know there is an over-under in real estate investing? That’s where … Read More »
The Over-Under In Real Estate Investing
Top Five Things to Consider for Ordering a Survey
On more than one occasion, I have seen investors have to clean up a mess after closing that could have been prevented had they ordered a survey. Unfortunately, most investors avoid getting surveys. Why? They don’t want the added cost in doing their … Read More »
Five Costs Investors Typically Forget
New (and even some experienced) investors often think there is more money in a deal than there actually is, because they are focusing on gross profit and incorrectly calculating their net profit. For example, a house with a $100,000 ARV that needs … Read More »
The Dos and Don’ts of Going to Market for Sale
A realtor friend of mine once told me, “As soon as a house is listed on the MLS, it’s the belle of the ball.” If it looks good online, agents in the area will want to show it to their prospective buyers. As the saying goes, “you never get a second … Read More »
The Seduction of Cheaper Hard Money
Over time hard money lenders come and go. Which ones stay? The lenders who survive in this business are the ones that understand they must charge enough to operate, service loans, and most importantly, service customers who are in most cases, making … Read More »
Twelve Steps to Determining the ARV
Every investor needs to be able to determine the ARV as close as possible, prior to ordering an appraisal. In order for a property to be considered comparable to the subject property, it needs to meet certain criteria. I have put together a list of … Read More »
The Real Value of an Appraisal
Appraisals eliminate the guesswork in determining the market value and actually lower your risk before you purchase. In addition to providing you with the after repair value of your property, an appraisal will show you photos of the comps, location … Read More »
Set An Offer Goal Every Month
There is an old saying in real estate investing circles, "If you’re not making offers, you are not going to get deals." It sounds so simple, but you would be surprised how many investors I speak with on a regular basis who say they cannot find … Read More »
Criteria For Being a “Good” Real Estate Agent
Many years ago, I heard a broker with 40 years of experience say, “Of all the licensed real estate agents in the market, only 1% of them are actually any good.” Whether that's an accurate percentage or not, finding one that can work successfully with … Read More »
Three Reasons FSBO Is A Mistake
The more time you spend in real estate, the more you will see things and wonder if they make sense or not. One of those is certainly the decision to list your property on the MLS with a broker or go the other route: For Sale by Owner (FSBO). When I … Read More »