Category Archives for Flipping/foreclosures

How to TRIPLE Your Success Rate on Foreclosure Deals! Part Two.

In Part One of this article, we talked about Tripling your success with foreclosures by offering to tell the seller about their options instead of trying to buy the property at first. Calling foreclosure leads, knocking doors, and mailing letters, but no success? That’s because your angle is all wrong.  Instead of offering to BUY […]

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How to TRIPLE Your Success Rate on Foreclosure Deals! Part One.

Calling foreclosure leads, knocking doors, and mailing letters, but no success? That’s because your angle is all wrong.  Instead of offering to BUY the person’s house, try to gain trust and rapport with the seller.  In other words, instead of coming on hard, try a “soft sell”. Offer to explain the process to the person […]

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5 Things You Should Know Before You Flip A Property

01. Money is made at the buy, not on the sale of your flip. – When flipping a house your money is made at the purchase, not at the sell of the house. So, many times people buy a house with the intentions of making a huge profit only to find out that they could not […]

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Has TV Changed Real Estate Investing?

If you take a look through the television stations on almost any given day there is a television show somewhere that features home improvement, real estate investing, or some sort of combination of the two. From shows that teach people how to sell homes that have lackluster reviews to shows that teach viewers that it […]

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How to Choose an Area to Flip Properties

A Fix & Flip business could very well be your way out of the 9-5 day job. Not only does it hold the possibility of earning more, it also gives you a good opportunity to manage your own time, travel and meet new people. Plus, the extra money doesn’t hurt.Those that have become rich as a […]

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The Importance of Lien Waivers When Rehabbing Properties

An investor recently said to me, “I am nearing the end of a five-month rehab that was a nightmare. I never used partial lien waivers, but I still owe a big fat final check. Should I and could I get a final lien waiver”? I said “absolutely.” Many investors have said, “Well if I didn’t start […]

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Time, Money, and Sweat – What Will Rehabbing That House REALLY Cost You?

It takes more than home improvement know-how to make the big bucks in rehab properties. In order to be a successful investor, you need to know what needs to be repaired – in addition to knowing how to do it. You also need to know how to work with others. Even if you fancy yourself […]

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The Basics of Foreclosure “Short–Sales”

You will likely come across dozens of properties in foreclosure with little or no equity, that is, the seller owes at close to or more than the property is worth. In these situations, lenders are sometimes willing to accept less than the full amount due, commonly referred to a “short pay” or “short sale.”Negotiating a […]

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Buying at the Foreclosure Auction

Perhaps the most well-known method of obtaining foreclosure properties is buying them at the auction. The foreclosure auction is a live bidding process, just as you may have imagined. The auction is typically conducted at a public place, such as a courthouse or even at the property itself. In some states, the county Sheriff or […]

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Flipping Faux Pas You Must Avoid

When it comes to making money in the business of flipping houses and other real estate investments you will find all kinds of do’s and don’ts along the way. The truth of the matter is that these are extremely useful whether this is your first house flip or you have been flipping houses for years. […]

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