Rental properties can provide steady income but as with anything else, there are hidden costs that may derail your profitability. For purposes of this blog, however, we’re concentrating mostly on the people aspect and what you should be aware of. For starters, make sure the people that you’re collaborating with are individuals that can be […]
Should COVID-19 be a reason for a real estate deal to fall through? A Palm Beach Post article tells the story of a buyer who allegedly reneged on a $3 million property in Boca Raton after the outbreak. Instead of letting the buyer bow out of the deal, the seller sought legal assistance, informing the […]
Since COVID-19 is forcing people to remain indoors, you may find you have a lot of time on your hands. Now is a great time to explore how you can fine-tune your real estate investing skills and become a better investor once things return to normal. A lot of people have begun using the service […]
If you’ve watched any of those flipping shows on television, you may think the flipping is a super simple process. Flipping may be popular but may not always be the best approach. In some cases, buying and holding may reap greater rewards. No investor should proceed with flipping a house without examining the related costs. […]
When obtaining hard money loans for rehabbing projects, you want to make sure that the upgrades you’re making are aimed at maximizing your ROI. Along with the kitchen, a bathroom remodel may also yield good results. You can keep the upgrades within budget by concentrating on a few key areas. Stepping into a bathroom, one […]
When you want to increase your odds of maximum ROI, a kitchen remodel may be the way to go. Kitchens are among the top priorities when it comes to what consumers are looking for. In addition to the bathroom, the kitchen is where a great deal of time is likely to be spent and it’s […]
With fix and flip properties, time plays a crucial role. In most, if not all cases, the quicker you can flip the property, the greater the profit. How do you go about expediting the process? You may wish to start by creating a team for your fix and flip project. The members of this team […]
Is taking the do-it-yourself (DIY) approach a wiser money move versus hiring a professional? It’s a commonly debated issue among individuals looking to rehab properties. As to which approach works best for you, it’s a matter of taking a couple of factors into account. For starters, what are you looking to accomplish with the project […]
A common rule of thumb with flipping is ensuring the numbers are as accurate as possible. Right below that is ensuring the job is being managed properly. It’s this second rule where rehabbers sometimes run into trouble as they attempt to stick to the budget while collaborating with contractors. In a perfect scenario, the contractor […]
During the negotiation process, whether you’re dealing directly with the seller or their agent, inspections provide an area where you can potentially stand out. However, it’s imperative that you do not overlook the importance of inspections, at least not when it comes to areas like septic or mold, for example. Let’s take the septic system, […]