Selling a house is expensive and much of the cost is a real estate agent’s commission. Real estate commissions are usually paid entirely by the seller and are significant. I am a real estate agent in Colorado and even though agents are expensive they are still well worth it. Real estate agents do not charge … Read more
I have flipped over 180 homes in the last 17 years and although it is not easy to flip houses, it is a lot of fun. You can make a lot of money flipping once you have developed a system and learned the business. I average about $30,000 in profit on each flip I do … Read more
Turn-key rental properties can be a great option for investors looking to get more cash flow with less work. They are also a great option for investors who cannot find cash flowing properties in their state and must invest long-distance. Turn-key rentals properties are fully repaired, rented, and managed by a property manager. Buying a … Read more
Many people have dreams of making it big as a real estate agent, but they want to start slow as a part-time agent. They want the freedom, income, and the other benefits that come with being a real estate agent but are afraid to lose a steady income. Getting a real estate license and working … Read more
2013 has been an incredible year thanks to aggressive real estate goals and I believe 2014 will be even better! My real estate investing continues to pick up momentum thanks to some major changes in 2014. I changed my attitude, hired a personal coach, bought a new personal residence, took over my parents’ business, bought … Read more
Real estate agents can make a lot of money, but it is not easy to become a real estate agent. You cannot simply pass the real estate test and start selling houses. Real estate agents have to work under a broker when they get their license. The requirements vary state-by-state on how long you have … Read more
A cash-out refinance is one of the best tools an investor can use to take money out of their rental properties. A refinance is when you replace the current loan on your home with a new loan, and when you complete a cash-out refinance, you get cash back after getting the loan. One of the … Read more
I am a big believer in making big goals and one of my goals is to purchase 100 rental properties by 2023. I have been a real estate agent and investor for more than 15 years, and I love the income my rental properties provide. Buying 100 rental properties will allow me to retire with … Read more
Buying one rental property may not make you a ton of money right away. However, rentals can be an amazing investment when held for the long-term and when multiple properties are purchased. There is also the opportunity to buy larger commercial or multifamily properties, which can increase returns as well. With a good rental property, … Read more
HUD homes are a great opportunity to get a great deal, but HUD has very different rules for investors and owner-occupants. HUD homes are foreclosures that had FHA loans, which are now owned by the United States government. I used to sell HUD homes as a real estate agent and was a part of hundreds … Read more
Hard money is used by many investors as a short-term solution to fund real estate deals. Hard money can be used to fund fix and flips or buy rental properties until long-term financing can be put in place. I fix and flip homes as well as invest in long-term rentals, but personally, do not use … Read more