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  Rehab-Real-Estate: The 5 Rules To Live By When Flipping Houses Real estate investing is turning into one of the most common ways to earn big money today. Flipping houses is a hot trend in real estate, which has made a lot of money to many investors. If you have plans of trying your luck with flipping houses, below are some firsthand tips to guide you.
  
  1. Make a plan. Many beginners get into the business without even conducting an initial research. Just like any other business, flipping houses require a business plan. Research on the materials that you will need, the costs, labor, etc. Find out what and how the other homes in your area close deals. What do they sell? Make sure to develop a timeline and a budget for your projects. In your timeline, include your estimated duration to sell the property. Consider extra time and extra money to cover up unexpected expenses.
  
  2. Know your target audience. For beginners, it is highly advised that you pick a property from a familiar neighbourhood. Finding a property close to you would make easier for you to keep yourself present on site. Moreover, a nearby neighbourhood will be easier to familiarize. For instance, if the neighbourhood is a family-oriented area, making family-style homes will increase your chances of closing deals. On the other hand, if a neighbourhood is a hip urban area, may condos or lofts would be more desirable. The key here is to make your property appealing to as many people as possible.
  
  3. Inspect your property. When flipping houses, it is very important that you ask a professional inspector to inspect the home before making the big leap. Keep in mind that when you buy a home, you are making a major commitment and one surefire way to turn the project into a profit is to lay out all the facts on the table. An inspection will reveal all problems in plumbing, structural, electrical and environmental.
  
  4. Push the paperwork. Your project will require securing permits from the city. It may take quite some time for you to be able to comply to all these paper requirements. Being unprepared with all the necessary permits can cause delays in your job. Given this, always plan ahead of time to save yourself from a headache.
  
  5. Do not dream big. Do not expect your first project to be a huge success. Be realistic. You will learn everything through time and everything will surely get better and easier.
  
  Flipping houses can be a very profitable business. For more tips on flipping houses and on real estate in general, go to rehab-real-estate.com.

  

  7 months on
  Real Estate Investing with Carrie Dawson
• 

  Profiting By Flipping Houses to Motivated Sellers

  Flipping houses is considered the easiest form of real estate investing by many. But did you know that you can even make it easier? All you need to do is start flipping houses to motivated sellers.
  
  First, let’s make sure that we have the same definition of terms. Flipping houses, which is also known as wholesaling houses, is simply placing a property under contract to buy it. However, you will not personally purchase that house. That doesn’t mean that you won’t keep your part of the deal. As a wholesaler, it is your role to look for a buyer for that property. That buyer will purchase the property and you will get a “fee” for finding it for him.
  
  

  

  
  REIWired.com : Profiting By Flipping Houses to Motivated Sellers
  
  This is why flipping houses is considered the entrance to the world of real estate investing. You can invest in real estate without having to spend huge personal money. You won’t need it because you won’t buy properties; you only place them under contract.
  
  Now that we’re clear with that, let’s proceed with motivated sellers. These are the people who will make your career much easier. If your seller, or simply the owner of the house you are going to “buy,” is motivated, you will be in a better position to dictate the price of the property. These owners hardly care about the price you will offer them. What matters to them is that selling the property fast rather than high.
  
  If you are able to convince the owner to sell the house at a lower price, then you’ll get a larger assignment fee, or the fee you get for assigning the contract to the end-buyer. For example, if a distressed property is actually worth $50,000, you might get it for just $40,000 if the seller is motivated. You can then “sell” the property for around $55,000, with the buyer thinking you pocketed around $5,000. In reality, you earned $15,000 because you were able to dictate its price. You get to earn more with motivated sellers without exaggerating the price of the property.
  
  There are various reasons why owners of properties become motivated sellers. The first is because they are struggling financially. Many people seek to let go of their properties when caught in dire straits. They consider selling the house and then renting an apartment or a room as a wise financial strategy especially if they can no longer pay mortgage or if they have urgent debts to settle. Some people tend to sell their property when see that they won’t be able to fund repairs. Others are motivated because they are recent divorcees and they need money to start anew.
  
  So whenever you look for houses, prioritize those that are owned by motivated sellers and make your flipping houses career much easier. Want to know more about this business? Simply go to REIWired.com today.

  

  7 months on
  Real Estate Investing with Carrie Dawson
• 

  Increase Your Income With Flipping Houses - REIWired

  Nowadays, almost every individual in the United States is looking for several other means to earn extra income. Raising a family can be made a lot easier if you have enough financial resources to sustain your needs.

  
  

  Real estate investing has proven to be a very lucrative business today. Flipping houses, for instance, has helped a lot of businessmen earn more and has given them the chance to raise their families a more comfortable living. In this article, we will share with you tips on how to succeed with flipping houses.

  
  

  1. First of all, it is very important to keep in mind that if you are planning of flipping houses, you need to have a clear view as to what type of properties do you want to buy. There so many real estate investors who make big bucks by turning ugly properties in beautiful homes the same way that many also lose money because they make a mistake of buying the wrong home which does not turn into profit.

  
  

  2. Study your market – The very first thing that you need to do is explore your market. Knowing which properties are bargain houses at first sight will be a big help. Take time to ask about the terms of these sales so that you will have a better understanding at how sellers market their properties.

  
  

  3. Another important tip when flipping houses is to look at model homes. A lot of buyers choose resale homes because they can no longer wait for a new home to get done. Most of these buyers want a home with newer facilities. Be mindful about what the general market desires when rehabbing a home to ensure fast sales.

  
  

  4. What makes a good fixer? For first timers, it is very important that they look for properties which do not require too much work. In fact, it would be best if you could find a house which requires only cosmetic work like repainting, landscaping, cleaning and the like. Do not be scared to look for homes with peeling paint, stinky odor or stained carpets. As an investor, you should be able to visualize your finished product.

  
  

  5. What properties do not make profits? Some properties like those which need plumbing or electrical repairs may lessen your chances of getting a good profit. These repairs can be very costly and without you knowing it, you have already consumed all of your capital on these concerns alone.

  
  

  Real estate investing can be very lucrative. For more tips on real estate investing and flipping houses in particular, go to REIWired.com.

  

  7 months on
  Real Estate Investing with Carrie Dawson
• 

  Improve Your REI Knowledge with REIWired Are you sick and tired of surfing the Internet for hours just to learn how to become a better real estate investor? Do you want to stop spending a huge amount of money on self-study materials that won’t give you the results you are looking for? Fret no more because there is a website that can give you all the learning tools that you need: REIWired.com.
  
  Establishing itself as the prime source of quality real estate education on the Internet, REIWired.com is a website committed to helping entrepreneurs achieve their dreams in the real estate investing business. By equipping them with the proper knowledge on being a real estate investor, it would be easier for them to find great deals and negotiate with home buyers.
  
  Here’s what you’ll get if you become one of REIWired’s registered members:
  
  1. You will experience being a prized student of some of most successful real estate investors of our time. By watching instructional videos of the likes of “Flip This House” star Than Merrill, Preston “King of Wholesaling” Ely, Mike Collins, Larry Goins, Steve Cook, “Millionaire Maker” Ron LeGrand, and Tim Mai, among others, you can learn various pointers on becoming one of the best in the business. Thus, it would be easier for you to wholesale houses, rehab homes, and flip properties, as well as create good marketing strategies.
  
  2. You will get access to various real estate articles posted on REIWired.com. These articles were written by seasoned investors who definitely know what they are talking about. So if you have free time, you can print out these write-ups and read them to reinforce your learning.
  
  3. You can also listen to the audio streaming of various tele-seminars on real estate investing. So if you haven’t joined such lectures, now is your chance to “attend” one right at the comforts of your home.
  
  4. REIWired will provide you with templates of important real estate documents so you don’t have to make quitclaim deeds, assignment contracts, authorization for mortgage, and property inspection summary from scratch.
  
  One of the best things about REIWired.com is that all the learning resources that it is offering are pitch-free. You don’t have to buy any product just to gain access to these great instructional materials. If you want, you can check out the products offered by some of the mentors but you are not required to buy them if you don’t want to.
  
  So if you want to become one of the richest of most successful real estate investors in the country, give your business a boost by logging on to REIWired.com today.

  

  7 months on
  Real Estate Investing with Carrie Dawson
• 

  Nifty Pointers on Rehabbing a House

  One of the reasons why many neophytes fail in the fix and flip business is that most of them tend to forget important pointers when rehabbing a house. Some of them became too excited to start a project for their own good that they take certain aspects of fixing and flipping properties for granted.
  
  Therefore, to help you avoid making costly mistakes, listed below are some reminders when rehabbing a house:
  
  

  

  
  Rehab-Real-Estate | Nifty Pointers on Rehabbing a House
  
  1. Conduct a research. Before buying a property that you want to rehab, you should do your homework first. Determine comparable sales in the area where you want to invest in and find out the history of the house you want to buy. This can help prevent you from spending money on a property that won’t give you big returns on investment.
  
  2. Make a plan. Creating a budget and a work schedule when rehabbing a house can help ensure that your project is right on target. It also promotes a smoother work flow, as well as helps prevent you from making unnecessary expenses.
  
  3. Secure permits. Before tearing the walls down, obtain the necessary permits to repair the property from the local authorities. Such a move can help you avoid unwanted delays and other complications.
  
  4. Recycle usable fixtures. To save money and minimize expenses, find out which fixtures and furniture are still in good condition. Instead of throwing them all away, you can reuse them to improve the property’s curb appeal. For instance, instead of replacing a usable front door with a new one, you can repaint it with a nice color and add a new door handle or knocker.
  
  5. Hire contractors. If this is your first time doing a fix and flip project or if you’re not good at handyman and DIY jobs, then you better ask the professionals to do the property’s repairs and renovations. Although it may cost you a few hundred bucks to hire contractors, you can be sure that the rehab work is of high quality. You can also finish the repairs on time.
  
  6. Sell the rehabbed home, ASAP. Seasoned rehabbers recommend selling the rehabbed home as soon as the renovations are complete to prevent the depreciation of the value of the property.
  To get more hints and tips on rehabbing a house, visit Rehab-Real-Estate.com. The website features quality real estate articles and videos that can sharpen your real estate investing skills.

  

  7 months on
  Real Estate Investing with Carrie Dawson
• 

  5 Reasons Why Real Estate Investing Is The Coolest Job In the World Many are convinced to get into real estate investing. REIWired.com says that the industry proves to be very profitable despite the unstable financial economy that we have today. Of course, the most obvious reason for this is the fact that it can give you good money. More often than not, one deal that you close should be enough to make you buy a brand new car. Real estate can be very financially rewarding. However, more than just being a profitable business, it can also offer you a wide range of benefits that your regular job cannot give you. In this article, REIWired.com shares with you some of the perks that come along with your real estate investing job.
  
  1. Meet more people – Real estate investment entails a lot of marketing, PR, and sales. In order for you to sell your properties, you need to build a big network. Meeting fellow investors will help you learn the do’s and don’ts of the industry while crossing roads with potential clients will give you new acquaintances.
  
  2. No routines – Everybody hates the corporate world because you of the routines that you need to conform every single day. You wake up at 8a.m., you attend meetings, you make your report, you go home at 9p.m. – and the same thing happens over and over again. In real estate, you get the privilege of controlling your time. Today, you can work at night. Tomorrow, you start blogging after you have sent the kids to school.
  
  3. No more filing of leaves. Now, you can go on vacation anytime you want! You can go to your dental appointments without having to file office leaves. You get so much freedom in managing your time.
  
  4. No bosses – REIWired.com says that one of the best things about going into real estate is that you have no bosses. No one pressures you to speed up or slow down. You can work at your own pace and at your own convenience.
  
  5. No dress codes - You might have to keep your coat and tie in the closet for a longer period of time. Now, you can wear anything that you want to. You can be as fashionable or as laidback as you want to be.
  
  Real estate investing can be a lot of fun. Be sure that you study and learn the basics of the industry before you make your first purchase. For more tips on real estate investing, go toREIWired.com today.

  

  7 months on
  Real Estate Investing with Carrie Dawson
• 

  Where to Get the Finest Real Estate Education on the Web Investing in a real estate is the way to go if you want to earn huge profits amid the current economic downturn. However, before you get started, you have to equip yourself with the right information to prevent yourself from being a failure. Good thing REIWired.com is offering aspiring real estate investors like you the chance to enhance their skills and become the best in the business.
  
  Just like in any other profession, education is very important for those who want to join the world of real estate investing. It is because having the right knowledge on how things work in the business is what separates a successful investor to an incompetent entrepreneur. So if you don’t want to get left behind, sign up for REIWired’s training program now.
  
  By registering with REIWired.com, you will get access to 100-plus hours of quality real estate content. Boasting of an extensive collection of various learning resources, the website has everything you need to become a successful real estate investor.
  
  Watch and learn as some of the biggest names in the real estate investing business share with you the secrets to their success. By watching the videos of Mike Collins, Larry Goins, Tim Mai, Preston Ely, Steve Cook, and Cris Chico among others, you will discover the most effective ways to earn money when wholesaling houses, rehabbing homes, and flipping properties. You can also get nifty hints and tips on how to create sound marketing strategies, which can bring you great leads, as well as pointers on securing financing from traditional and non-traditional lenders.
  
  You will also get access to REIWired’s articles that were written by expert real estate investors. These write-ups cover various topics on investing in real estate from negotiating with buyers to avoiding the common mistakes that most real estate investors commit. In addition, audio recordings of various tele-seminars on real estate investing are uploaded on REIWired.com for your listening pleasure.
  
  What’s great about the learning resources being provided by REIWired is that all of them are pitch-free. Although some of the mentors are offering various products and other services, you don’t have to buy them just to get access to the website. If you want, you can check them out but you are not required to make a purchase.
  
  If you want to bring your real estate investing career to the next level, log on to www.REIWired.com and learn from only the best in the real estate business.

  

  7 months on
  Real Estate Investing with Carrie Dawson
• 

  Why You Should Get Hard Money Despite The High Interest Rate Many investors have been discouraged by the high interest imposed by hard money lenders. Actually, they were probably “turned off” by lack of information.
  
  Compared to traditional lenders, hard money lenders impose a doubled interest rate. That is surely not music to borrowers’ ears, although those who continue to invest in real estate using this type of financing will say otherwise. They do not use a high interest rate just to make life more difficult for real estate investors. To understand why they do this, it is important to know that such lenders risk getting losses whenever they fund rehabs or other properties.
  
  Bank and other traditional lenders carefully assess a person and his capability to repay the money whenever a borrower applies for a loan. They check his credit score or report and require the borrower to present numerous documents including a proof of income. This process is tedious and time-consuming, leaving the borrower to wait for around 30 days before he knows if his application is approved or rejected. This is to ensure that the loan will be repaid.
  
  Hard money lenders, though, are at a bigger risk of making losses. They lend money even to those who do not have a good credit standing. That’s because they look at what a borrower is presenting rather than whether he has the ability to pay the loan with his current income. They assess whether the fixer upper a borrower will flip will actually result in something positive. They will decide to fund your rehab project if they see that you will be able to pay them once the property is sold.
  
  They also compute how much money you will receive through the ARV, or after repair value of the fixer upper. Usually, the borrower gets around 70% of the ARV – an amount enough to purchase the fixer upper and in many cases, even fund the repairs. That’s buying, repairing, and selling a property without spending a penny.
  
  Experts say that that is the essence of getting hard money financing: you get to flip a house and earn from it fast without spending your own money. They call this OPM, or investing using other people’s money. While interest rates in hard money financing may rise to around 18%, would you still care about it if you will get a 75% rate of return from the project you will get? That 18% will be dwarfed by the profit you will get from a project you might miss if you rely on tradition funding.
  
  Let’s say you opt for banks and other traditional lenders that offer a 9% interest on the loan. With the competition among rehabbers heating up amid the recession, another rehabber could snatch the fixer upper you want to flip while you are waiting for the processing of your loan. Take note, that is processing and not approval. There is no guarantee that you will get the money after you wait for 30 days or so. But in hard money financing, loans are approved or rejected in just days, allowing you to seek money through other channels in case you are denied, without compromising the deal you want to close.
  
  Online networks like RehabHardMoney.com understand the need for you to buy and flip the property immediately and that is why they offer fast and easy cash. You can also prequalify for loans online just by filling out a submission form at RehabHardMoney.com. Rehab Hard Money applications are approved at least two days after you submit the necessary papers. You won’t have to worry about finding a lender near your area as Rehab Hard Money can take care of that for you. Rehab Hard Money has a network of lenders across the country waiting to fund your next rehab project.

  

  7 months on
  Real Estate Investing with Carrie Dawson
• 

  Dealing With A Real Estate Agent: Tips For Newbies When you are new with real estate investing, one of the very first things that you need to keep in mind is that your relationship with real estate agents is very important. This is especially the case if your agent is dealing with foreclosed properties. According to REIWired.com, one needs to work very hard in order for him to become a real estate agent. They need to absorb all the costs of working with a buyer along with the costs of listing a property in the hopes of closing a successful transaction. This is the reason why we have many real estate agents who can never sell anything. It is very important that you realize these things so that you will be able to distinguish yourself from the others who aim to make deals by doing the following:
  
  1. Don’t call an agent telling him that you’re a new investor and that you are willing to take the next deal that comes along. If you do so, the agent may send you junk properties which they have had a hard time unloading. Instead, call an agent and give him the necessary specifications that you are looking for. How many bedrooms do you want? How many bathrooms? All these should be carefully laid on top of the table.
  
  2. Do not be empty-handed. If you are new in the industry, there are many things that you need to keep in mind. Know the current market. According to REIWired.com, start by getting a pre approval letter from a funding institution. This should be an actual letter stating the amount that has been approved under your name. In cases when your creditor tells you that they need to review your credit report, getting a pre approval letter may be a little difficult.
  
  3. Know what you want. Make a list of all the things that you are interested in. State your limitations – may be in costing, location and the like.
  
  REIWired.com says that your relationship with your real estate agent is very important. Make sure that you establish a good one to help ensure a harmonious and productive relationship in the long run. You should also bear in mind that first impressions last. Given this, REIWired.com says that making a good impression right on the first conversation is very important. Be sure that you make yourself appear credible, respectable and knowledgeable enough despite your being new into the industry.

  

  7 months on
  Real Estate Investing with Carrie Dawson
• 

  Must Haves For Rehabbing a Home A driver’s license is never a guarantee that you will be safe on the road. However, you know you must have it because it is proof that you are qualified to drive a vehicle. In the same way, there are things that you “must have” when rehabbing a home. These are not a guarantee that you will be successful in this kind of real estate investing. What is certain is that they will help.
  
  • A love for the broken. When you are in the business of rehabbing a home, you will be surrounded by broken stuff – from leaking roofs to clogged sinks to dysfunctional door knobs. Sometimes the whole property appears to be broken. If you are among people who do not see the beauty of the broken, you are probably not cut for this business. Rehabbers know that even diamonds need to be cut before they become priceless gems. They see distressed properties as an opportunity to make money rather than a pile of wood waiting to be demolished. They know that even a house with a leaking roof today can be a perfect home for a family after they patch that broken shingle.
  
  • Conscience. One thing you will learn when you go about fixing and flipping properties is that you will earn a lot of money in this business. Time will come that you will be tempted to cover up repairs that will cost you a lot. Take note that as a rehabber, you have the responsibility of making a property a safe home for its next owner. That’s what fixing and flipping properties is all about.
  
  • Skill of making estimates. When you are rehabbing a home, you are operating on a limited budget. That means you will try to save in all means possible. One thing you wouldn’t want is to fall short of funds because of a faulty estimate. That is why if you can’t make good estimates, leave it professionals – for now. In the long run, you must learn how to do it to save on employing an appraiser.
  
  • Plans to run for town mayor. What we mean is that you must be familiar with the area where you are rehabbing a home. You must know what buyers in that particular area are looking for. Do they prefer four bedrooms over three? What are the planned infrastructure projects for that part of town? Al these you must at least have an idea on.
  
  For everything else, you can go to rehab-real-estate.com, your online guide to rehabbing a home and real estate investing.

  

  7 months on
  Real Estate Investing with Carrie Dawson
• 

  Being Creative When Rehabbing a Home

  Benjamin Franklin once said that for man to be happy, he must either diminish his wants or augment his means. When it comes to rehabbing a home, what will it take for you to be satisfied? You can’t lessen your “wants” because you fear that that will lessen the value of the property. What will you do? Augment your measly budget with tons of creativity.
  
  

  

  
  Rehab-Real-Estate | Being Creative When Rehabbing a Home
  
  You can never be too creative when you are rehabbing a home. Whether in the kitchen, in the bathroom, or in the garden, a creative rehabber will always have ideas to reduce expenses without lessening quality and curb appeal. Being creative, after all, is not having that innate talent to make something grand out of nothing. It is making the best of what you have.
  
  First, practice your creativity in the front yard. This portion of the property is where the so called “curb appeal” lies the most. This is the façade of the property you are trying to sell so it must be anything but dull. How do you make some green lawn look appealing without spending thousands? Practice creativity!
  A new mailbox is always effective in increasing a yard’s appeal. Nail some excess plywood together and paint it with bright colors. Use leftover paint as well. You can also buy flowery plants in pots. These are sure to give your lawn a “garden” feeling. Of course, don’t forget to trim and water the lawn. If the grass is green and good, that means the house is well maintained.
  
  Where else can you practice creativity? Practically anywhere in the house. Look at the excess materials you have. Instead of throwing away all those left over lumber and wood, why not make a small stool and table? Paint the furniture and put them in a corner. You now have a reading corner. Are those old cabinets going to garbage? No they are not because you are going to recycle them. Remove all the protruding nails and make into a shoe rack. Paint the item before placing it near the laundry area or a closet.
  
  Rehabbers who claim that they were not born with talent are just making an excuse not to think of creative repairs and improvements. It wouldn’t take much to recycle and use old and excess materials. As they say, imagination is the limit. Never think that you are not creative enough because that will not help. The fact that you thought about rehabbing a home means your mind believes that you can make the best of whatever you have – a dilapidated property that will soon become a new home.
  
  Found this article useful? Then you will find rehab-real-estate.com awesome. Read articles and watch videos on rehabbing a home on the website.

  

  7 months on
  Real Estate Investing with Carrie Dawson