Many of my borrowers or potential borrowers that are new to investing ask me for tips on how they can try and avoid their rehab becoming a nightmare. Here are my top 5: Do not put all your money in 1 deal!! Have you ever heard the saying “don’t put all your eggs in...
According to CBS MarketWatch, U.S. real estate purchases by foreign nationals over the last year have totaled $92 billion. We are all seeing this in many “hot”markets. Buyers are outbidding each other and prices rising at an absorbent rate. Those that were in the...
Are you a real estate investor looking for money to fund your REO’s, Short Sales and Foreclosures? Some markets are still red hot, and while there is value out there, the competition for REO’s and short sales has caused a shortage in some markets of available...
Should I use hard money for my next deal or bring in a partner? I hear this more than any other scenario. “I’m thinking about taking a partner on the deal, I will do the work, he will put up all the money, we split the deal 50/50”. On the surface it sounds great,...
As home price appreciation has slowed in some markets, the rental markets have continued to stay red hot. Many buy and hold, or rehab and hold investors have seen the value of their rental portfolio grow over the last year. As we see some markets start to flatten...
Define who you are- I break down rehabbing into 3 categories – light , medium and full gut. What type of rehabber do you want to be? Are you looking to do just a little bit (paint, carpet, refinish floors) – light rehab and put it back on the market? Medium – light...
cThis is a question I get asked about 20x a day, so I thought I’d address it in a blog post. There are so many investors out there asking themselves if they have a good deal or not sitting in their lap. How much is too much to pay for this property? So how do you...
So you have a property under contract and you make a few calls to lenders but you can’t get anyone to bite on your deal. Sound familiar? At this point you are asking yourself WHY? The answer is simple, you need to know how...
I met with a few local investors this weekend, and after sharing stories, I figured I would write this post. There are so many “Pretend Hard Money Lenders” out there these days that I wanted to list a few things you should look out for when you’re looking for a...
What not to do on your next rehab project! You buy a house for cash or with a small loan on it, your all excited to begin the rehab, you gut the house, start doing the work and then realize that you’re in over your head and don’t have enough money to complete the...
