While a fix and flip can be a great source of income and a good strategy for your real estate investing business, it does include one major challenge: it isn’t passive. You and your team need to continue finding deals, rehabbing properties, and making sales in order...
What distinguishes the hobbyist from the professional, or the wannabe real estate investor from the elite real estate investor? It can be difficult to quantify. To begin with, what is “elite”? Certainly, elite implies a top tier in a given endeavor. Yet...
If the first rule of success in flipping is to run your numbers accurately, the second — a close second — is to manage the job properly. And this is where a lot of rehabbers encounter challenges, as they coordinate with contractors and work to stay on...
One of the most hotly-debated topics among rehabbers is whether to tackle repairs on your own — the DIY route — versus hiring the work out. Or a hybrid approach that combines the two. The reason for “controversy” is because the decision...
If you are embarking upon a rehab project and already making a number of changes, how about considering Universal Design in your approach? In a building or house with universal design, the spaces are readily available and accessible to nearly everyone. Though it would...
Rental investments can be risky – especially if you don’t know how to properly screen your tenants. Evictions are messy and can take months or years; even if your tenant isn’t so bad you need to take drastic measures, less-than-ideal tenants can put a dent in...
