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Showing posts with label Flipping. Show all posts
Showing posts with label Flipping. Show all posts

Monday, June 7, 2010

Do You Have What it Takes to Become a Rehabber


Doing a rehab project is one of the best ways to generate positive cash flow amid the economic recession. Be warned, however. Although renovating an old property looks easy to common folks, the process of fixing and flipping a handyman special is more complicated than you think. If you don’t have what it takes to be a rehabber, you might be forced to give up halfway.

To determine if you’re ready to do a rehab work, here are the questions you must ask yourself before you start rehabbing homes:

1. Are you a risk-taker? As we all know, the real estate investing business in general is quite risky. At times, you will be required to make tough decisions. If you’re afraid of taking risks, it would be difficult for you to succeed in this industry.

2. Do you consider the ugliest house on the block as “fair game?” One of the essentials of rehabbing properties is that you shouldn’t use a house’s physical appearance as a sole basis for choosing the property to rehab. It is because sometimes, even the ugliest house on the block can help you rake in huge profits.

3. Can you stomach the sight and the scent of rotting wood, yellowing toilet bowls, and garbage? As we all know, most of the properties rehabbed by those who fix and flip real estate for a living are houses that have been abandoned by their owners for a long period of time. This is the reason why a rehabber has to deal with cockroach and rat infestation, as well as with the removal of heaps of garbage from the interior of the property before he (or she) can proceed with the repairs and renovations. If you can’t stand doing such task, then you should think twice before joining the business of rehabbing homes.

4. Do you have a background in doing home improvement and construction projects? Although you don’t have to be a DIY (do it yourself) expert, having a knowledge on doing home repairs and renovations will definitely help.

5. Do you enjoy working with others? Rehabbing an old property is a physically and mentally challenging task. If you’re going to do the renovations on your own, it would take you a long time before you finish a single rehab project. Therefore, it is important to build a rehab team since it can help ensure the success of your fix and flip project.

If you answer yes to all five questions, then you are indeed qualified to become a rehabber. Meanwhile, if you want to learn more about the process of renovation fixer upper homes for profit, you can go to www.Rehab-Real-Estate.com.

Thursday, June 3, 2010

Rehabbing Houses: Where Do You Start?

Over the years, many investors have ventured into the business of rehabbing homes. Because it is an enjoyable way to make money in real estate, many are encouraged to fix and flip properties for a living. And with prices of distressed properties and fixer upper homes at an all-time low, investors are having a blast making money by renovating old and undervalued properties for profit.

One of the most common questions posed by beginners in the business is which items should you repair first when fixing and flipping properties. Well, the answer to this question is actually a no-brainer. When renovating houses for profit, you must address problems that require quick solutions.

If you are going to rehab a house located in Seattle, where there’s a lot of rain all throughout the year, you might want to patch up the roof before starting the repairs on the other part of the property. As we all know, leaks may further damage the interior of the property, which is why you need to deal with such a problem as soon as possible.

Patching holes on the roof can also prevent untoward incidents from occurring. When the rain comes, water may seep through the broken roof and make the floor and the inside of the house wet and slippery. As we all know, a slippery floor can cause serious accidents. Thus, to prevent your rehabbing team from landing on their behind, fix the roof first.

Aside from the roof, another important issue that needs your immediate attention is termite infestation. As the saying goes, prevention is better than cure. If a portion of the wall has been invaded by these nasty insects, there is a high probability that they have already eaten up other parts of the wall as well. Therefore, to prevent further damage to the property, you should take out the parts that have been damaged by termites.

Another littler reminder: never start cosmetic repairs or the redecorations without first checking out if the piping, HVAC, and electrical systems need upgrades. Doing otherwise can cost you a lot of time and money. Thus, when rehabbing a house, always take care of the structural repairs first before replacing the carpet, putting up new fixtures, and giving the interior of the house a face-lift.

Want to get more tips on doing a fix and flip project? Just log on to www.Rehab-Real-Estate.com, where you can find various learning resources on real estate investing.

Friday, May 28, 2010

A Quick Fix and Flip Guide for Beginners

When we were kids, many of us were fascinated with the idea of building our own playhouse, where adults wouldn’t dare tread. Some of us have even gotten into trouble because, being children, we couldn’t resist sneaking out Dad’s favorite hammer, as well as the other contents of his toolbox, to make our dream playhouse a reality.


As we got older, only a handful of adults were lucky enough to live out their dreams of using power tools and building houses from scratch. However, it is not too late to try out something that is quite related to constructing houses. If you’re sick and tired of your current job, you might want to fix and flip houses for profit.


Also known as rehabbing, the business of fixing and flipping properties is a method of investing in real estate wherein an investor repairs and renovates old houses to generate profit. The mechanics of this particular real estate investing strategy are quite simple. Here are the basic steps to rehabbing an old or undervalued home:


• The first thing you need to do is to choose the property that you’re going to fix and flip. Most real estate investors prefer rehabbing fixer upper homes and handyman specials because they cost no more than $100,000 each. But with the right amount of repairs, these “ugly” houses can bring you lots of cash.
• The second step is to identify the amount of money and time you’re going to spend on the repairs of the property. Create a budget and work schedule to ensure that your rehab project won’t take too much of your time and money.
• Next is to secure permits. Repairs on certain parts of a house, like the roof for instance, require permits from the local building inspectors. Therefore, to prevent delays, you should never start the rehab work without the approval of local regulators.
• Now here comes the fun part. You can relieve your childhood fantasy of “playing” with power tools by doing the rehab work. But if you don’t have a good knowledge on renovating houses, you better leave the rehab work to contractors because a buyer won’t pay for a fix and flip project that has been done shabbily.
• Once the repairs are completed, you can now put a “for sale” sign on the yard and find a buyer for the house so you can recoup the money you spent on buying and renovating the property.


Want to expand your knowledge on rehabbing houses? Go to www.Rehab-Real-Estate.com, where you can find nifty learning resources about investing in real estate.

Wednesday, May 19, 2010

Rehabbing Tips For Real Estate Beginners

When you encounter the phrase “rehabbing real estate” what is the first thing that comes to your mind? As crazy as it may sound, I’m guessing that you’re probably thinking of houses being sent to rehabilitation centers, right? Well, rehabbing houses involves nothing of the sort. In the language of real estate investors, it basically means the renovation of old and undervalued properties for profit.

Also known as fix and flip, the business of rehabbing properties is a great way to make money in real estate. With many distressed and undervalued properties in the market today, it is much easier to find affordable houses that you can rehab.

If you’re considering taking this particular route in building your real estate empire, here are some rehabbing tips that you can use to make the process of fixing and flipping properties a breeze:

• Buying fixer upper homes from motivated home sellers can give you the assurance that you can purchase a property at a very low price. Because they have pressing reasons to sell their properties, motivated home sellers are more likely to accept your offer, no matter how high or low it is.

• A good way to minimize your expenses is to reuse fixtures that are still in good condition. A good example would be the front door. If the front door is still in great shape, you can just repaint it and install a knocker or a new door handle to make it look brand new.

• If you don’t have prior experience in doing construction and home improvement projects, obtaining the services of a contractor will surely help. Hiring professionals can help speed up the process of renovating an old home. It can also ensure that the rehab work complies with the local building code.

• One of the best rehabbing tips that you’ll probably hear when fixing and flipping houses is that you should stage the kitchen and the bathroom. Believe it or not, kitchens and bathrooms sell properties. Certain buyers will gladly spend a huge amount of cash on a rehabbed home if they are pleased with the arrangement of and the decorations in the kitchen and bathrooms.

• Once you finish the renovations, see to it that you clean the house thoroughly. Never show a dirty property to a potential buyer or you’ll blow your chance to make money off the rehab project.

Looking for more rehabbing tips? We’ve got them all at www.Rehab-Real-Estate.com, your one-stop shop for quality real estate education.

Thursday, May 6, 2010

Do You Know How to Flip Houses?


Do you consider yourself a newbie in the real estate investing business? Do you want to learn how to flip houses? If you answer yes to both questions, you’re in luck because this article will teach you one of the basic ways to make money in real estate: by flipping houses.

Most experts in the business define flipping as buying properties with the intent to sell them for profit. In a nutshell, this particular method of investing in real estate simply involves the process of buying and selling houses to generate income. As opposed to the “buy and hold” method, real estate investors who flip houses quickly resell the investment properties that they have acquired.

There are two ways to flip houses. The first one is called rehabbing or fix and flip. In this method of flipping, a real estate investor adds value to the property by doing general repairs and renovations on the property. It usually takes about three months to complete a rehab project but once the renovations are complete, a rehabber can pocket bigger profits.

Think that you have a clear grasp on how to flip houses? Well, we’re not done yet because we’re still going to discuss wholesaling. In wholesaling, a real estate investor doesn’t have to buy the property itself just to make money from it. All he has to do is to place it under contract and assign the contract to an end buyer, who will ultimately close the transaction. So basically, the main task of a wholesaler is to act as a middleman between a home seller and a buyer and facilitate the completion of a real estate deal.

However, there is more to flipping than buying and selling a house. To ensure the success of your real estate investing business, you will need access to a steady stream of home buyers and sellers. Establishing strong connections with motivated home sellers and buyers can help you move properties easily and generate positive cash flow.

To meet as many buyers and sellers as you can, you must create good marketing strategies that would easily attract their attention. Always remember that marketing and the real estate investing business go hand in hand. If you don’t know anything about marketing, it will be difficult for you to succeed in this business.

Want to get more tips on how to flip houses? Log on to www.Rehab-Real-Estate.com where you can find various learning materials on investing in real estate.

Monday, March 29, 2010

 secret to marketing and dealing with first-time home buyers


Get your paper and pen ready as distressed property investor Lex Levinrad teaches you everything you need to know about wholesaling and flipping bank owned homes. Find out how you can wholesale bank owned properties even if banks prohibit assignment of contracts. Get to know your target market better as Lex Levinrad introduces you to the best buyers of REOs. He will also share the secret to marketing and dealing with first-time home buyers, cash investors, and those who want to make big bucks investing in bank owned homes.


For More related videos, visit
http://reiwired.com and http://rehab-real-estate.com. You may also visit our Youtube Channel.

Avoid making multiple offers to banks and lenders



Watch this video now and significantly improve your negotiating skills with home sellers. Get your paper and pen ready as Mike Jacka shares the magic formula on creating offers that home sellers cannot resist. In this video, the seasoned real estate investor will teach you how you can make a killer offer, regardless of what the homeowner wants.


For More related videos, visit
http://reiwired.com and http://rehab-real-estate.com. You may also visit our Youtube Channel.

Find out why it is important to give sellers various options and discover why you should avoid making multiple offers to banks and lenders. So if you don’t take a seller’s rejection too well, watch Mike Jacka’s video now!

Monday, March 15, 2010

Managing Real Estate Leads – Judson Voss

By the end of this video, you’ll be able to answer one of the biggest questions that many real estate investors ask: “How do I manage leads effectively?” Real estate investing expert Judson Voss teams up with his wife, Lynn, in this highly entertaining and informative video to shed light on one of the most important aspects of investing in real estate – finding deals. Want to know the best way to get your phone ringing off the hook? Or perhaps you want to know how you should make offers to motivated home sellers now that you have attracted their attention? Watch this video now and learn how to effectively manage real estate leads.

For more related videos, visit our Youtube Channel.



Motivated Buyer + Seller = Big Bucks–Omar Johnson

For more related videos, visit our Youtube Channel.

You’ll never look at home buyers and sellers the same way again after watching this video. Discover how you can make money pour into your bank account as seasoned real estate entrepreneur Omar Johnson discusses what every investor should know about when buying and selling investment properties. Learn why you should avoid buying houses from conventional home sellers and find out the importance of having a sound marketing system in your real estate investing business. Want to know how you can quickly resell your investments? Watch this video now and unlock the secrets behind successful negotiations with both home buyers and sellers.

Tuesday, March 2, 2010

Essential Qualities that a Rehabber Must Possess

There are many options available for people who want a career in real estate investment. Being a rehabber is included in one of the routes that people can pursue once they decide to make money in real estate. However, rehabbing requires certain qualities from someone in order for him or her to succeed in this.

Below are some of the ideal qualities that a rehabber should have. These are the following:

· A Passion for DIY and Home Improvement - This real estate investing option involves a lot of tearing down walls and decorating spaces. Therefore, people who want to pursue this investing option must have an eye for all things that are aesthetically pleasing to the home. If aspiring real estate investors have a love of fixing up places in their homes, then rehabbing is the perfect career for them.

· A Visionary Perspective – The biggest challenge for a fix and flip professional is to always have the end in mind when it comes to renovating and restoring a property. Not all people are able to visualize a great outcome in a fixer upper home. This person must be able to envision, draw out and execute a great plan for the property that he or she purchases.

· A Knack for Dealing with People – Another quality that a rehabber should have is strong people skills. Fixing and flipping homes requires a person to collaborate with different people ranging from contractors to hard money lenders. He or she must be able to have great working relationships with them and settle everything in a diplomatic manner.

· An Endless Supply of Patience – There are times that there will be several bumps and obstacles in a rehabbing business. Nevertheless, an investor must remember to be patient and determined to succeed. He or she should keep in mind that everything will turn out well one way or another as long as he or she works harder and smarter each day.

· A Thirst for Learning - A rehabber should always find a way to learn new things about the business every day. One should never stop on what he or she knows. In fact, being humble and eager enough to learn over and over again is one of the secrets of the most successful people in real estate investment. Visiting websites such as Rehab-real-estate.com is a great way of discovering the latest in real estate investing.

Friday, February 26, 2010

5 Reasons Why Rehabbing Houses is a Hit

People who are interested with real estate investments know that rehabbing houses is one of the most profitable approaches that one can take in this field. In fact, there are several reasons why rehabbing is a hit with investors. In this article, we will share with you some of the reasons why many groups and individuals are hooked into this method of investing properties. Here are some of them:

1. Buying Properties Below Market Value is an Investor’s Hidden Treasure. Investing in real estate can be comparable to a scavenger hunt for a lost treasure. One of the hardest things to find in this lucrative industry are rock bottom priced dwellings that are perfect candidates for rehabbing. That is why a lot of real estate investors enjoy taking on the challenge of finding, renovating and selling these properties.

2. Cheap Fixer Upper Homes Lure Investors Who Enjoy Rehabbing Houses. Another big reason why rehabbers love their jobs is because of the great bargains that they get with fixer upper homes. Besides, who would not be enticed with a high profit return on a rock bottom priced investment?

3. REO Properties Are Also a Rehabber’s Gold Mine. Another reason why people rehabbing houses are drawn to the business is because of real estate owned properties or REOs. These homes were repossessed by entities such as mortgage companies, banks and credit unions. Another reason why people in the rehabbing business prefer REOs because it can be sold at a fraction of its value depending on the negotiation of the investor and the lender.

4. Home Improvement and Making Money is an Exciting Combination. There are a lot of real estate investors who exercise their love for DIY projects to the next level by making a killing out of it. Rehabbing is a way for these investors to have fun while earning money.

These reasons are just some of the things that motivate real estate investors to pursue rehabbing houses. Aside from rehabbing properties, there are other real estate investment options available such as wholesaling and investing in REITs. For investors who are looking for bank owned and fixer upper homes, Rehab-Real-Estate.com offers a wide variety of both residential and commercial property listings from different states in the US. The website also offers help and information on how to get financing options for the listings.

Tuesday, February 23, 2010

Entire Process of Wholesaling Properties - Tyrone Taylor

Tyrone “the Flip Man” Taylor walks you through the entire process of wholesaling properties in this video. Citing himself as example, Tyrone Taylor will teach you why there are lots of big money-making opportunities in real estate investing. Check http://www.reiwired.com and http://rehab-real-estate.com/html/lp_media for more details.







Discover the secret to negotiating with motivated home sellers and find out the magic words that will persuade homeowners to sell their properties. Watch this video now and learn the various ways to market the deal that you are negotiating.