Detailed Scope of Work Suppose you’ve purchased a property that requires some level of rehab. In that case, you will need to put together a Detailed Scope of Work to accompany your request for contractor bids. A Detailed Scope of
Today I had a notification on social media appear. It said “share your memory from 9 years ago” along with a picture of a For Sale By Owner sign featuring Rent To Own. This social media reminder made me think
Most properties you purchase as an investment will require some level of rehab – sometimes a little and sometimes a lot. Your specific rehab plans and allotted budget should be designed to increase the value and profitability of the investment
Preparing to Rehab Before purchasing an investment property, you must take essential steps, particularly one you plan to rehab. For that reason, STEP 1 in SMART Rehabbing is Preparing to Rehab. It is all about gaining knowledge before purchasing an
Many students have a mentor in their program, some have selected their mentor and many have communicated with their mentor for help and advice on properties and strategies. But a common thought with students is they feel they are not
If you want to do more deals, show your potential end-buyers the money! By presenting your deals in a specific way, you can showcase how the end buyer is getting a great deal while you are. Creating win-win scenarios will
How do you plan to structure your conversation with potential Joint Venture (JV) Partners? How do you get your potential JV wanting to repeat business with you? Have you already had some of these conversations and received the polite “no?”
Using the Wholesale investment strategy, there are many ways to add value and secure larger assignment fees when we strategize the best possible use for a property. Finding distressed properties and sellers is the most common place to find our
As real estate investors you may at some point be overwhelmed with paperwork. Mortgage documents, leases, inspections, plenty of receipts for expenses, etc. can be a growing pile on your desk if not dealt with properly. We often get asked
In your Wholesale business, there are multiple ways to created profitable transactions. The more information you provide for your investor, the more money you can charge per transaction. There are three approaches commonly used to achieve profitable transactions. Selling property
Do you know how powerful a role thoughts play in transforming your life? Research from the National Science Foundation in 2005 revealed that around 80% of our thoughts are negative. Even more alarming is the fact that 95% of our thoughts
A Wholesale Business is a strategy that every investor should know. Wholesale offers almost anyone the opportunity to participate in property investing with minimal resources. While other real estate investing strategies typically require a minimum credit score, a down payment,
I first took the leap into becoming a Real Estate Investor when I found myself attending a 3-Day seminar taught by Pip Stehlik. During his teachings, I recalled over the years how I attended past real estate seminars where I
Do you ever notice that so many people talk about real estate investing? Many people love to talk about investing in property although finding good deals, developing a team, creating a system, having some success and ultimately financial freedom all
Estimating income for short term rentals can be difficult and intimidating. However, we need to know what the ANNUAL income would realistically look like to see if we have a good investment. Due to seasonality, and different events specific to
Next time you find yourself in a situation where you feel you need to defend your position in a conversation, or perhaps you are dealing with a difficult person with a strong personality or it could even be as simple
Have you ever attempted to break down a market for real estate investing? I will offer some methods and criteria that could help you determine if a market meets your desired goals. Perhaps you are still developing your criteria and looking for
For the past several years, my youngest daughter and I have made “gingerbread” houses. Sometimes we make our dough, and sometimes we use a kit as the base and spruce it up to our liking. This year we bought a
Since you are reading this, I’m confident that you are looking to improve your position in this crazy thing called life. I would guess that you are looking to learn more and improve your business and life skills. We may
