How to Find and Buy Deals on the MLS

Categories Buying
houseflip_9 from the MLS

While many people say you can’t do it, it is definitely possible to find a great deal on the MLS (Multiple Listing Service), but it takes patience and work. I sold 26 house flips last year in Colorado, and I bought most of those deals from the MLS. Many markets are seeing rising prices and … Read more

How to Find and Buy Non-Performing Notes

Categories Buying

Buying non-performing loans or notes is a great way to invest in real estate. Non-performing loans are loans that the borrower is behind on or has stopped making payments. In the past, banks would foreclosure on these loans and sell the property attached to the loan, but now banks are selling these notes without foreclosing. Since the notes … Read more

Where to Find Investment Properties

Categories Buying

One of the most important parts of real estate investing is finding deals. Finding deals is also one of the hardest parts of the business. The house flipping shows make finding the deal easy, but it is far from it! There are not 100s of banks just waiting to sell their foreclosure for pennies on … Read more

How to Find Off Market Properties

Categories Buying
off market houses

Most of the United States is in a very hot real estate market. With housing prices increasing, it is getting tougher and tougher for real estate investors to find great deals. Buying off-market properties is one way to get great deals and avoid the intense competition on the MLS. Most MLS properties are priced too high … Read more

What is Driving for Dollars?

Categories Buying
costs to fix and flip

Driving for dollars is a term that real estate investors use to describe a technique for finding great deals on houses. You drive around until you find a house that looks vacant or distressed and then attempt to buy that home from the owners. Driving around looking for houses is simple, but the process of … Read more

How to Buy & Finance a House that Needs Repairs

Categories Buying, Financing
taxes on flips

Houses that need repairs often can be bought below market value. I base my investing strategy on buying houses below market value and financing those properties, which is not always easy. When you buy a home that needs repairs, many lenders will not lend on that house if the repairs affect the livability of the … Read more

Should You Buy a House Located on a Busy Street?

Categories Buying
flip on busy street

As an investor, I have bought a few houses that were located on busy streets. I have bought houses that backed up to a busy street and houses that fronted a busy street. Often, houses on busy streets are much cheaper than similar houses on quiet streets. There is a reason those houses are cheaper: … Read more

How to Win Highest and Best When Multiple Offers Are Submitted

Categories Buying
multiple offers

I have been involved in many multiple offer situations as a buyer, seller and listing agent. I just made an offer on a short sale late last week where they received multiple offers and they have asked for highest and best. There are many different strategies you can use when trying to win a highest … Read more

Should I Get a Home Inspection?

Categories Buying
home inspection

When buying a house, buyers are given a certain amount of time to complete a home inspection. Most people complete some type of inspection when purchasing a home, but is a home inspection always necessary? I have been a Realtor since 2001 and I am also a real estate investor. In my opinion 95 percent of house … Read more

The Investors Guide to Buying a HUD Home

Categories Buying
buy reo property

HUD homes are a great opportunity for investors to get a great deal, but HUD has very different rules for investors than owner occupants. Investors cannot bid right away on HUD homes, and may not get their earnest money back if they cancel an offer. I am a HUD listing Broker, who has listed and sold hundreds of … Read more

Youtube
Facebook
Linkedin
Twitter