Rehab Real Estate Investing - Your perfect guide to the exciting and lucrative world of real estate investing... http://bit.ly/6bcR7B
REI Wired
4019 W. Waters Avenue, Tampa, FL
(813) 865-7171
reiwired.com
Hours:
Mon 9am–5pm
Tue 9am–5pm
Wed 9am–5pm
Thu 9am–5pm
Fri 9am–5pm
Sat Closed
Sun Closed
Monday, December 7, 2009
Wednesday, November 11, 2009
Top 5 Don’ts in Flipping Houses
Flipping houses is simply the method of buying a property at a bargain price and then quickly reselling it a higher price. This method of real estate investing has become more popular in the United States recently. With several television shows covering house flippers, viewers get more and more curious about it. If you’re about to enter the world of flipping houses, better equip yourself with things you shouldn’t do.
1. Do not quit your job. This business does not require you to quit your job to do it for the rest of your life. Flipping can be done in your own time, at your own free will. Although, some investors do it full-time, if you’re just starting out, better not quit your job first. You can attend to your business during the evenings or on the weekend.
2. Do not lose patience. Any business takes time. It’s all about the timing. If you think you’re not ready yet, you can still wait. Do not rush into flipping houses instantly by buying loads of houses. There will always be the right property and time for you to do business.
3. Do not do without proper research. Lack of knowledge is one of the things that can make you fail in flipping. Research about the areas you’re going to flip in. Determine the buying trends of the people in the area. Identify what kind of houses sell and their prices.
4. Do not spend on things you do not need. If you do not need to spend on something, just don’t do it. Think of more important matters to spend on. Sure, an expensive chandelier would look nice on the living room, but a new paint job might just do wonders on all parts of the house.
5. Do not overlook the outside appearance. Curb appeal is a very important factor when a buyer chose to buy a house. This might be too clichéd but, first impressions really last. If a buyer sees a non-presentable house on the outside, why would he even bother looking inside? Simply put, invest on beautifying the exteriors of the house, it’ll do you good in the future.
The real estate market changes all the time. Be aware of the changes and be informed. Do not risk if it’s not worth it. To know more about flipping houses, visit Rehablist.com. The site specializes on different real estate investing methods such as flipping, wholesaling, and rehabbing houses.
REI Wired
4019 W. Waters Avenue, Tampa, FL
(813) 865-7171
reiwired.com
Hours:
Mon 9am–5pm
Tue 9am–5pm
Wed 9am–5pm
Thu 9am–5pm
Fri 9am–5pm
Sat Closed
Sun Closed
1. Do not quit your job. This business does not require you to quit your job to do it for the rest of your life. Flipping can be done in your own time, at your own free will. Although, some investors do it full-time, if you’re just starting out, better not quit your job first. You can attend to your business during the evenings or on the weekend.
2. Do not lose patience. Any business takes time. It’s all about the timing. If you think you’re not ready yet, you can still wait. Do not rush into flipping houses instantly by buying loads of houses. There will always be the right property and time for you to do business.
3. Do not do without proper research. Lack of knowledge is one of the things that can make you fail in flipping. Research about the areas you’re going to flip in. Determine the buying trends of the people in the area. Identify what kind of houses sell and their prices.
4. Do not spend on things you do not need. If you do not need to spend on something, just don’t do it. Think of more important matters to spend on. Sure, an expensive chandelier would look nice on the living room, but a new paint job might just do wonders on all parts of the house.
5. Do not overlook the outside appearance. Curb appeal is a very important factor when a buyer chose to buy a house. This might be too clichéd but, first impressions really last. If a buyer sees a non-presentable house on the outside, why would he even bother looking inside? Simply put, invest on beautifying the exteriors of the house, it’ll do you good in the future.
The real estate market changes all the time. Be aware of the changes and be informed. Do not risk if it’s not worth it. To know more about flipping houses, visit Rehablist.com. The site specializes on different real estate investing methods such as flipping, wholesaling, and rehabbing houses.
REI Wired
4019 W. Waters Avenue, Tampa, FL
(813) 865-7171
reiwired.com
Hours:
Mon 9am–5pm
Tue 9am–5pm
Wed 9am–5pm
Thu 9am–5pm
Fri 9am–5pm
Sat Closed
Sun Closed
The Positive Effects of Flipping Houses
Flipping houses has had a negative connotation since the real estate bubble a few years ago. Some experts blamed rehabbing houses for the bubble and unclear media reports also did not help. While many were reporting about mortgage fraud, a lot of viewers saw it as if flipping houses was illegal.
Years later and now that the country is in a recession, real estate investing is again picking up. Some still doubt whether rehabbing houses – which by the way is completely legal – is indeed legit. Authority web sites such as RehabList.com say there’s nothing wrong with rehabbing houses. Yet will doubt RehabList and other sources, saying this form of investing brings only negative effects.
Among their arguments is that it is leading to an increase in the number of homes fixed by inexperienced rehabbers. The rise in the number of renovated houses is also likely result in an increase in the value of property and eventually in the cost of living in that area, they say.
From another perspective though, flipping houses can actually result in a chain reaction of positive effects for the community.
First of all, it is true that an increase in the number of remodeled or renovated houses will raise the value of real estate property in a neighborhood. It could also lead to a higher cost of living. But that increase in expenses will be compensated by more funds for the local government and subsequently more projects for residents. How is this possible? Simple. Flipped or rehabbed houses will be get higher tax assessments and this will lead to more revenue for the local government from property taxes.
Based on what the police call the “broken window theory,” the more houses flipped by rehabbers, the lower the crime rate will be in that area. Under the theory, a piece of broken widow in an abandoned property entices vandals to break more windows. Before residents know it, vandals have already broken into the house and started using it for illicit activities like selling prohibited drugs or prostitution. If that house with a “broken window” is rehabbed, then it is saved from being a crime den.
Flipping houses can also spur economic activity in a neighborhood where many houses are rehabbed. Since crime is lessened, businessmen will be encouraged to open shops in a community. The pleasant appearance of houses – and the neighborhood in general – will make the area appear conducive to business opportunities.
In fact, the mere act of flipping houses already helps in an area’s livelihood problems. When you rehab a fixer upper, you seek the services of a painter, repairman, plumber, and other workers – giving locals additional sources of income.
Rehabbing houses will always be negative for non-believers. But for those who know the positive effects of this business – not only on their pockets but to the community as well – it will always be business as usual. If you still need more convincing, visit RehabList.com. The web site has informative pieces on flipping houses and real estate investing in general. It serves as the meeting place for everyone involved in real estate investing. From buyers of fixer uppers, to sellers, to rehabbers, to wholesalers, to money lenders, you’ll find get something from RehabList. To avail of the free services RehabList offers, simply create a log-in account.
REI Wired
4019 W. Waters Avenue, Tampa, FL
(813) 865-7171
reiwired.com
Hours:
Mon 9am–5pm
Tue 9am–5pm
Wed 9am–5pm
Thu 9am–5pm
Fri 9am–5pm
Sat Closed
Sun Closed
Years later and now that the country is in a recession, real estate investing is again picking up. Some still doubt whether rehabbing houses – which by the way is completely legal – is indeed legit. Authority web sites such as RehabList.com say there’s nothing wrong with rehabbing houses. Yet will doubt RehabList and other sources, saying this form of investing brings only negative effects.
Among their arguments is that it is leading to an increase in the number of homes fixed by inexperienced rehabbers. The rise in the number of renovated houses is also likely result in an increase in the value of property and eventually in the cost of living in that area, they say.
From another perspective though, flipping houses can actually result in a chain reaction of positive effects for the community.
First of all, it is true that an increase in the number of remodeled or renovated houses will raise the value of real estate property in a neighborhood. It could also lead to a higher cost of living. But that increase in expenses will be compensated by more funds for the local government and subsequently more projects for residents. How is this possible? Simple. Flipped or rehabbed houses will be get higher tax assessments and this will lead to more revenue for the local government from property taxes.
Based on what the police call the “broken window theory,” the more houses flipped by rehabbers, the lower the crime rate will be in that area. Under the theory, a piece of broken widow in an abandoned property entices vandals to break more windows. Before residents know it, vandals have already broken into the house and started using it for illicit activities like selling prohibited drugs or prostitution. If that house with a “broken window” is rehabbed, then it is saved from being a crime den.
Flipping houses can also spur economic activity in a neighborhood where many houses are rehabbed. Since crime is lessened, businessmen will be encouraged to open shops in a community. The pleasant appearance of houses – and the neighborhood in general – will make the area appear conducive to business opportunities.
In fact, the mere act of flipping houses already helps in an area’s livelihood problems. When you rehab a fixer upper, you seek the services of a painter, repairman, plumber, and other workers – giving locals additional sources of income.
Rehabbing houses will always be negative for non-believers. But for those who know the positive effects of this business – not only on their pockets but to the community as well – it will always be business as usual. If you still need more convincing, visit RehabList.com. The web site has informative pieces on flipping houses and real estate investing in general. It serves as the meeting place for everyone involved in real estate investing. From buyers of fixer uppers, to sellers, to rehabbers, to wholesalers, to money lenders, you’ll find get something from RehabList. To avail of the free services RehabList offers, simply create a log-in account.
REI Wired
4019 W. Waters Avenue, Tampa, FL
(813) 865-7171
reiwired.com
Hours:
Mon 9am–5pm
Tue 9am–5pm
Wed 9am–5pm
Thu 9am–5pm
Fri 9am–5pm
Sat Closed
Sun Closed
Real Estate Investing Made Easier
Real estate investing is getting the limelight amid the recession. In fact, real estate is rated by experts as one of the top five perfect investments amid the recession together with precious metals and foreign currencies, among others.
Many veteran analysts are recommending that investors take advantage of the current economic slump top buy real estate properties. Whether for long-term or short-term, now is the best time to invest in real estate, one expert said. And he indeed clarifies his point: You can buy a cheap property today and hold on to it. Its value is likely to appreciate in time and you can sell it for a much higher price when that day comes. You can also make it your own home. When it comes to short-term investing, there’s flipping houses. Buy an undervalued property today, make some repairs to raise its value, and then sell it for a higher price in a short time.
Let us say you are now convinced, you are willing to cash in on the real estate market? What do you do? Buy properties here and there? Not so fast.
One thing you could do is to talk to investors or market analysts, if you know any. Experts in the housing and real estate investing can also help you decide if this line of business is for you. If you don’t know any expert, you can go online where you’ll find tons of free information about real estate investing.
For instance, you can check RehabList.com. The web site is considered an authority when it comes to real estate investing. Rehab List is on a mission to help all real estate investors learn how to flip a house successfully so they can replicate the process a thousand times over and make a great living investing in real estate. It has a robust database of products, tips, and tools for investors who want become a Rehab List partner. Joining the Rehab List network is a good way to launch you career in real estate, or perhaps give it a timely shot in the arm if it’s on a slump.
Starting investors probably want to find their own great real estate investment deals. RehabList.com promises to teach neophytes how to achieve this plus more, like learning who best hard money lenders are and how to use hard money financing when flipping houses. You will also learn how to hire great contractors, work with sub-contractors, and where to find these workers.
While you can always check new web sites sprouting here and there every now and then, it is always good to be trusting to the authority. It’s like building your foundation with the right blocks. You can start by reading articles from the web site’s Learning Center section located on the bottom part. You can also click the Free Investment Training Course link, which will allow you to read the “confession” of a wholesaler who made $200,000 in just 90 days. Starting in real estate investing has never been this easy, thanks to reliable online resources such as RehabList.com.
Many veteran analysts are recommending that investors take advantage of the current economic slump top buy real estate properties. Whether for long-term or short-term, now is the best time to invest in real estate, one expert said. And he indeed clarifies his point: You can buy a cheap property today and hold on to it. Its value is likely to appreciate in time and you can sell it for a much higher price when that day comes. You can also make it your own home. When it comes to short-term investing, there’s flipping houses. Buy an undervalued property today, make some repairs to raise its value, and then sell it for a higher price in a short time.
Let us say you are now convinced, you are willing to cash in on the real estate market? What do you do? Buy properties here and there? Not so fast.
One thing you could do is to talk to investors or market analysts, if you know any. Experts in the housing and real estate investing can also help you decide if this line of business is for you. If you don’t know any expert, you can go online where you’ll find tons of free information about real estate investing.
For instance, you can check RehabList.com. The web site is considered an authority when it comes to real estate investing. Rehab List is on a mission to help all real estate investors learn how to flip a house successfully so they can replicate the process a thousand times over and make a great living investing in real estate. It has a robust database of products, tips, and tools for investors who want become a Rehab List partner. Joining the Rehab List network is a good way to launch you career in real estate, or perhaps give it a timely shot in the arm if it’s on a slump.
Starting investors probably want to find their own great real estate investment deals. RehabList.com promises to teach neophytes how to achieve this plus more, like learning who best hard money lenders are and how to use hard money financing when flipping houses. You will also learn how to hire great contractors, work with sub-contractors, and where to find these workers.
While you can always check new web sites sprouting here and there every now and then, it is always good to be trusting to the authority. It’s like building your foundation with the right blocks. You can start by reading articles from the web site’s Learning Center section located on the bottom part. You can also click the Free Investment Training Course link, which will allow you to read the “confession” of a wholesaler who made $200,000 in just 90 days. Starting in real estate investing has never been this easy, thanks to reliable online resources such as RehabList.com.
Flipping and Wholesaling Homes Your Key to a Better Future
Over the years, real estate investing has helped many people achieve their goals and fulfill their dreams. Despite the ongoing economic crisis, many people are still encouraged to take part in this lucrative industry. Well, who could blame them? With just a small capital, patience, dedication, and hard work, you can earn big investment returns and provide a good life for your loved ones.
Two of the most common forms of real estate investing is flipping homes and wholesaling houses. Although many people confuse one for the other, using each of them to make a living has its advantages and disadvantages.
Wholesaling houses is the act of placing a property under contract and then assigning that contract to a buyer, who will close the deal. Many investors prefer this type of real estate investing over flipping houses. It is because they can earn a considerable amount of money without making big risks since they are not actually buying the property. In addition, they don’t need to borrow money from lenders since they don’t need huge amounts of cash just to get started in this business.
A wholesaler usually earns $5,000 to $20,000 per transaction. If he has acquired contracts for multiple properties, then he can pocket a large sum of money. A disadvantage of wholesaling houses, however, is that he might encounter problems when selling the contracts that he has acquired. In addition, a property’s holding cost is expected to increase if a wholesaler can’t still find a buyer for the property’s contract after a certain period of time.
Flipping homes, on the other hand, is the process of buying and quickly selling a property for profit. Unlike in wholesaling, an investor usually spends a considerable amount of money on a property. He can either sell the house as soon as he acquired it or do some repairs and upgrades before selling it at a higher price.
Investors usually hit the jackpot if they manage to find an undervalued property in the best part of the city. With some repairs and little bit of sprucing up, they can earn big bucks because of the property’s new look and prime location. A downside of flipping homes, however, is that just because you have succeeded in your first flip, it doesn’t necessarily mean that it will always be the case. There are times that you won’t easily find a buyer for the property that you have refurbished.
Therefore, no matter which method of real estate investing you choose, always remember to educate yourself with the right knowledge and proper guidelines. Conducting some research and reading instructional materials will definitely help start your investing business on the right track. In addition, they can help you avoid costly mistakes.
You can also join the local real estate investing association or befriend your fellow investors. Interacting with like-minded people allows you to gain valuable tips that can help boost your career.
To improve your knowledge of flipping homes and wholesaling houses, you can visit RehabList.com. The web site has various resources, which include articles and instructional videos, that can be valuable to a real estate investor like you. Log on to www.Rehablist.com for more details.
Tuesday, November 10, 2009
The Role of the Internet and Rehablist in Real Estate Investing
Like in any other businesses, succeeding in real estate investing requires patience, hard work, and dedication. A real estate investor must take advantages of opportunities that will make him successful in his chosen field. In addition, he needs to get his hands on all the available resources to make it big in the business.
The Internet is practically a treasure trove of ideas and information that can help an aspiring investor. There are web sites that offer a crash course on real estate investing while others provide instructional materials such as e-books, articles, and various write-ups. For those who aren’t fond of reading written manuals, do not worry because watching instructional videos on video-sharing sites can definitely help improve your knowledge of real estate investing.
Reading the blogs and online journals of successful real estate investors can also boost one’s skills in flipping houses or buying and rehabbing fixer upper homes. Many of those who made it big in the business are sharing their secrets with fellow investors just to be of great help to these people.
Over the years, the Internet has played an important role in the development of real estate investing. Aside from providing brokers and realtors with all the resources they need to succeed in the business, the Net has also helped homeowners sell unwanted properties and market them to attract buyers and meet potential business partners.
Investors can also count on the Internet to find financers for their business. As we all know, real estate investing mainly involves buying and reselling homes. An investor wouldn’t succeed in the business if he couldn’t find the means to buy the property that he wants to resell at a higher price. This is why he needs the assistance of a hard money lender and the Internet is the perfect place to look for one.
For the benefit of those who don’t know anything about a hard money loan, here’ a quick explanation. A hard money loan is a form of asset-based loan financing secured by the value of a collateral property. It usually has 65% to 70% maximum loan to value ratio. For instance, if a borrower uses his $100,000 property as guarantee for his loan, he can borrow up to $70,000 from the lender.
Meanwhile, Rehablist.com is a fine example of a web site that gives individuals various information about real estate investing,, as well as provides them with the opportunity to advertise the property that they are selling. Through the site’s “free real estate advertising” service, owners of undervalued, distressed, and fixer upper homes can be sure that the homes they are selling will get the maximum exposure they need. Thus, homeowners don’t have to wait that long to earn extra money by selling unwanted real estate assets. All they have to do is register with Rehablist.com.
The Internet is practically a treasure trove of ideas and information that can help an aspiring investor. There are web sites that offer a crash course on real estate investing while others provide instructional materials such as e-books, articles, and various write-ups. For those who aren’t fond of reading written manuals, do not worry because watching instructional videos on video-sharing sites can definitely help improve your knowledge of real estate investing.
Reading the blogs and online journals of successful real estate investors can also boost one’s skills in flipping houses or buying and rehabbing fixer upper homes. Many of those who made it big in the business are sharing their secrets with fellow investors just to be of great help to these people.
Over the years, the Internet has played an important role in the development of real estate investing. Aside from providing brokers and realtors with all the resources they need to succeed in the business, the Net has also helped homeowners sell unwanted properties and market them to attract buyers and meet potential business partners.
Investors can also count on the Internet to find financers for their business. As we all know, real estate investing mainly involves buying and reselling homes. An investor wouldn’t succeed in the business if he couldn’t find the means to buy the property that he wants to resell at a higher price. This is why he needs the assistance of a hard money lender and the Internet is the perfect place to look for one.
For the benefit of those who don’t know anything about a hard money loan, here’ a quick explanation. A hard money loan is a form of asset-based loan financing secured by the value of a collateral property. It usually has 65% to 70% maximum loan to value ratio. For instance, if a borrower uses his $100,000 property as guarantee for his loan, he can borrow up to $70,000 from the lender.
Meanwhile, Rehablist.com is a fine example of a web site that gives individuals various information about real estate investing,, as well as provides them with the opportunity to advertise the property that they are selling. Through the site’s “free real estate advertising” service, owners of undervalued, distressed, and fixer upper homes can be sure that the homes they are selling will get the maximum exposure they need. Thus, homeowners don’t have to wait that long to earn extra money by selling unwanted real estate assets. All they have to do is register with Rehablist.com.
The Do’s and Don’ts of Flipping Houses
You might have seen several reality shows where a man buys a house at a discounted price, then sells it for bigger profit. You see him make loads of money, you see him lose some. Sure, losing the money is easy, but how can he make such big profit just by buying and selling old houses? Discover the ropes and read on.
The process of buying a real estate and quickly reselling it for profit is house flipping. Though it might look easy on your TV screens, the real deal is not as easy as it seems. To be successful in your venture in flipping houses, you must be equipped with the proper knowledge about the process. Here are some tips you have to keep in mind:
• Determine where you will buy the property. This step will determine who will your potential buyers will be. Whether you’re up for a house in a luxurious neighborhood or a house in an up-and-coming town, you must determine if it is a desirable and bankable location.
• Identify what kind of property you want to buy. Should you decide to buy a fixer upper, then you’re going to have some finance for the repairs. Undervalued homes from foreclosures or banks costs much cheaper and are advisable if you don’t have money for repairs.
• Calculate your budget. It is very important to know how much you can invest. If you’re aiming to do some repairs, make sure the expenses are within your reach and will not make you lose your money all the while.
Just like in any other business venture, flipping houses have some risks, and one is losing your money. In order to not end up bankrupt you have to know the things you should not do:
• Giving in to unrealistic offers. These offers are the ones that are too good to be true. If a property is priced way too low, then there’s probably some catch to it. Always research the history of the property and inspect it carefully.
• Rushing. If you don’t have enough patience, then you’re not in for the game. Take your time in looking for the right property. BE patient in waiting. There’s bound to be something for you. Those who rush and hire several people to help him sell are the ones who lose their money in the process.
• Cheap workmanship. If you’re going to do some repairs on your property, make sure that they are of good quality and reliable. If you can afford to give quality repairs, don’t resort to cheap and low-quality changes. They will just make you spend more and when that backfires you’ll be losing a lot than what you’ve paid for it.
In every business, there are advantages and there are risks. Those are already given. Flipping houses is not rocket science, neither is it a walk in the park. You just have to know the right information and resources you need. If you want to master the art of flipping houses, visit Rehablist.com today.
The process of buying a real estate and quickly reselling it for profit is house flipping. Though it might look easy on your TV screens, the real deal is not as easy as it seems. To be successful in your venture in flipping houses, you must be equipped with the proper knowledge about the process. Here are some tips you have to keep in mind:
• Determine where you will buy the property. This step will determine who will your potential buyers will be. Whether you’re up for a house in a luxurious neighborhood or a house in an up-and-coming town, you must determine if it is a desirable and bankable location.
• Identify what kind of property you want to buy. Should you decide to buy a fixer upper, then you’re going to have some finance for the repairs. Undervalued homes from foreclosures or banks costs much cheaper and are advisable if you don’t have money for repairs.
• Calculate your budget. It is very important to know how much you can invest. If you’re aiming to do some repairs, make sure the expenses are within your reach and will not make you lose your money all the while.
Just like in any other business venture, flipping houses have some risks, and one is losing your money. In order to not end up bankrupt you have to know the things you should not do:
• Giving in to unrealistic offers. These offers are the ones that are too good to be true. If a property is priced way too low, then there’s probably some catch to it. Always research the history of the property and inspect it carefully.
• Rushing. If you don’t have enough patience, then you’re not in for the game. Take your time in looking for the right property. BE patient in waiting. There’s bound to be something for you. Those who rush and hire several people to help him sell are the ones who lose their money in the process.
• Cheap workmanship. If you’re going to do some repairs on your property, make sure that they are of good quality and reliable. If you can afford to give quality repairs, don’t resort to cheap and low-quality changes. They will just make you spend more and when that backfires you’ll be losing a lot than what you’ve paid for it.
In every business, there are advantages and there are risks. Those are already given. Flipping houses is not rocket science, neither is it a walk in the park. You just have to know the right information and resources you need. If you want to master the art of flipping houses, visit Rehablist.com today.
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