Rehabbing For Bigger Profits
Article by Reggie Brooks A thorough inspection of the subject property will serve as a basis from which to begin the rehabilitation. Until you are experienced enough to perform this inspection yourself, it is wise to seek the services of a competent professional. Most contractors will give you a free estimate of repairs when they know they stand a chance of getting the job. You may consider...
Read MoreFree Money
Article by Reggie Brooks Our Government makes hundreds of different programs available to distribute billions of dollars to us in the form of grants, low interest loans, and subsidies. The money is then appropriated by politicians who are smart enough to know that the best way to keep their jobs is by funneling Government money into the communities they serve. That’s where we can step up and...
Read MoreAbandoned Properties – One Of The Best Kept Money-Making Secrets
Article by Reggie Brooks When I began my career as a real estate investor in 1985, I stumbled across a little known area of real estate that had the potential to make us a ton of money. This was an area of the market that went unnoticed by most people. This was the area of abandoned properties. How To Profit From Abandoned Properties You might pass these properties on a daily basis, but just...
Read MorePersistence
Do you ever find yourself saying: I don’t feel like it It’s too hard I’m bored I’m tired of … [being rejected, making phone calls, sending letters, etc] Me too! I get excited at the beginning of the project… not so excited in the middle, and thrilled at the end. The day of Blizzard Nemo (38 inches of snow!), I walked down to the beach. I had never seen so...
Read MoreDo You Want To Babysit Your Property?
Last week, Coaching Student Chris brought in a deal that he was pretty excited about. It was a 3 family REO house in Meriden. Although it needs a lot of rehab, the price was low enough that he could acquire it with his self-directed IRA. What about rehab? He took about 100 pictures so that Coach Lou could advise him about the repairs. When all is said and done, he is looking at $80k to $100k in...
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Short Sales On The Increase As Foreclosures Fall
Short sales are expected to overtake foreclosure in 2013 as the dominant workout solution for distressed homeowners. Credit-rating agency DBRS attributed the change to “the record number of servicers that are using short sales as their primary loss-mitigation tool to prevent delinquent loans from entering foreclosure.” HOPE NOW, an alliance of mortgage servicers, investors and non-profit...
Read MoreEight Strategies For Growing Your Rehabbing Business
Article by Robyn Thompson I have become financially independent renovating houses, and you can do the same; however, if you aren’t prepared, the process can become completely overwhelming. To help you avoid the pitfalls that are out there, I have developed eight key strategies to assist you in growing your house renovation business. If you are willing to learn from my experience, you will...
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