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Finding A Bargain for Bargain-Hunters

Posted by: Nick Johnson in Rehab Formula, Rehab, Pre Foreclosure, Motivated Sellers, Flipping, Bank Owned on Jun 05, 2008

Wholesaling or "flipping" a property involves finding a fixer-upper, snapping it up, and immediately reselling it to another investor who will rehab the property and make a profit from the improvements. There below are tips for those who want to get started with wholesaling.

Bargain Property The first step in wholesaling is finding a bargain or "distressed" property. These are often FSBOs (For Sale By

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Adding Value to Your House

Posted by: Hanh Brown in Remodel, Rehab on May 27, 2008

There are two main ways that home owners can add value to their homes: remodeling or adding on. Remodeling or adding an addition to a house will also help to get a home ready for sale. However, it is important to understand which of these approaches is the right choice in a particular situation so the owners should always consider how the changes will help and who will be most impressed by the

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Due Dilligence on Inspection

Posted by: Elliot Barron in Rehab, Real Estate Investment, Landlord, Investment, Inspection, Due Dilligence, Analyze on May 18, 2008

A smart way to purchase property without regrets after the sale consummates, is to put safe guards in your sales contract that give you a safety net. One of these nets is to always make any offer subject to a SATISFACORY property inspection. Now, whether you can perform this yourself or hire a professional, you still have a legal way of voiding the contract to purchase if something should be

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Building a Rapport and Negotiating With Your Contractor

Posted by: Nick Johnson in Rehab, Real Estate Investment, Foreclosure, Flipping on May 09, 2008

In flipping homes, there are certain aspects that a real estate investor has to endure. These are to buy low-priced homes, renovate and sell them again at a higher price. Although these things may seem easy to some people, there is still another important aspect of home flipping that needs to be handled well. This is about negotiating with contractors to do the renovation works, which can be a

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Keeping Good Communication With Your Contractor

Posted by: Nick Johnson in Rehab, Real Estate Investment, Flipping on May 08, 2008

You're riding high. Armed with pre-foreclosure lists, you've gone door-to-door and established a relationship with a motivated seller. With the closing day looming, it's time to find the right contractor to "make the magic happen." You've done your homework and proposed at time schedule, price analysis and-obviously-expected income.

But... something changes. Now maimed with an exceedingly

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No Short Cuts to Rehabbing

Posted by: Nick Johnson in Rehab Money, Rehab Formula, Rehab on Apr 24, 2008

In my investment journey over the years, I have made every possible mistake and would like to share with you what to be cautious in your rehabbing career. My first investment home taught me how easily things can go wrong.

First thing is that the notion of ‘Buy, fix, sell' is not a sure-fire formula for massive profits. Don't be seduced by the promise of fast money. If it was easy everyone

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Make an Offer on a Rehab

Posted by: Alan Brown in Rehab Formula, Rehab on Apr 19, 2008

Rehab Kitchen Before

You probably heard of the saying "you make your money when you buy, not when you sell". Let's say you buy at market value and hold your breadth for the appreciation to get you out of the whole, you are not an investor, you are a speculator.

Whether you buy and hold, or flip, or a wholesaler selling to a rehabber, the heart of your calculation is the estimated (ARV) after repair value of a

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