In this article Some houses are primed to be flipped, while others are best left to another buyer. Knowing how to find houses to flip is critical to your success as a real estate investor. Here, you’ll learn how to adjust your approach to ensure yourself of finding (and buying) houses that can be flipped
In this article (PDF checklist download at the bottom.) On the surface, flipping a house is a three-step process: buy, rehab, and sell. While that’s the basic approach to house flipping, there’s a lot more to it. And that’s why you need a house flipping checklist. This checklist will guide you from pre-renovation through closing
In this article There’s no shortage of tips for flipping houses, but there’s something you need to know: The only tips that matter are the ones that move you toward the ultimate goal of flipping for a profit. With that in mind, here are 10 tips on house flipping to help ensure success. 1. Understand
In this article With so many ways to approach real estate investing, it’s important to have a detailed strategy to guide you through every step of the process. For many investors—including beginners—the BRRRR method is preferred. https://youtube.com/watch?v=4Wj9jpufTqo&feature=oembed What Is the BRRRR Method? The BRRRR method, an acronym for “buy, rehab, rent, refinance, repeat,” is
In this article The real estate industry is built on a foundation of information sharing and collaboration between agents, buyers, and sellers (among others). One tool stands out as a “must-use” in this process, known as the MLS (multiple listing service). What Is the MLS? The MLS is a group of databases providing information about
In this article Before we talk about what happens to real estate during a recession, let’s first define this term. A recession is a significant decline in economic activity lasting longer than a few months. It is characterized by a drop in key indicators like GDP, employment, and consumer spending. The Impact of a Recession
In this article Deciding between a 401k and real estate investment for retirement is a critical choice that will affect you now and in the future. Both have unique benefits and drawbacks, and understanding them can help you navigate the path to a more secure financial future. 401k as a Retirement Vehicle In short, a
In this article Exploring financial strategies in homeownership often leads to considering a cash-out refinance, among other options. This article sheds light on its potential advantages and pitfalls, helping you make well-informed decisions tailored to your financial objectives. What Is a Cash-Out Refinance? In real estate, refinancing is the process of replacing an existing mortgage
In this article For many years, rental properties have been one of the best (and most popular) ways to generate passive income. However, before you go down this path, it’s important to understand the finer details of investing. The knowledge you collect upfront will improve the likelihood of a positive experience. So are rental properties
In this article If you own rental real estate, you must be aware of tax responsibilities on the federal, state, and (in some cases) local levels. With this knowledge, you can ensure that all rental income is reported on the applicable tax returns. Types of Rental Income As an investor, correctly categorizing your rental income
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