October 21, 2020
You’ve come a long way, but now it’s time to sell your house. This means cleaning the house and prepping it for staging. Staging gives potential buyers an idea of how they can efficiently use the available space of a property. Stage the bathroom, master bedroom, kitchen, and living room. Give them an idea of […]
October 17, 2020
Mold may be hiding in your home when you least expect it. For mold to live and grow, there needs to be a damp and usually dark and unexposed surface. Mold may be hiding in a closet behind clothes you rarely touch, or behind a dresser, you haven’t moved away from the wall in years. […]
October 14, 2020
When in the trenches of the actual rehab, you will encounter five different (but important) stages: Demolition and trash cleanup: Removal of damaged items (walls, floors, toilets, piping, etc). Outside cleanup would include dead trees, bushes, fences, decks, etc. Foundation and framing issues: This stage takes care of the skeleton of the house. HVAC, plumbing, […]
October 10, 2020
One of the most difficult concepts for new real estate investors to understand is the concept of buying real estate with no money down. What Is ‘No Money Down?’ The term “no money down” is misleading. The definition does not mean no money down. It simply means none of your money down. You […]
October 7, 2020
Finding the right contractor is an essential part of the rehab process, but the prep work doesn’t stop there. After selecting who you want to work with, you need to obtain the necessary permits for the project at hand. The exact number of permits will depend on the scale of your project and specific locality; […]
October 3, 2020
Real estate wholesaling is a kind of arbitrage in which a party known as a wholesaler negotiates a contract for the right, but not the obligation, to purchase a property for a particular price. Rather than completing the purchase, however, the wholesaler finds a buyer who will pay a higher price. The wholesaler then assigns […]
September 30, 2020
Once you’ve evaluated and picked the contractor that best suits your rehabbing project, you can move on to signing the contracts. Keep in mind, no project should start before all parties involved have agreed and signed the contracts. (This is a must.) Be sure your paperwork has the following: Independent Contractor Agreement: Details everything about […]
September 26, 2020
Seniors have lots of options — and even some advantages — when it comes to financing the purchase or rehabilitation of a home. “It’s actually easier for retired people right now to qualify for a mortgage because they don’t have to go through the extra steps we’re doing for everyone else to verify they […]
September 23, 2020
Your contractor will either make your rehab project easy or hard. It’s important you take your time in picking the contractor you’ll share your real estate rehab deal with. You can find contractors via your investor network, websites, job boards, your local building department, supply houses, or local real estate associations. The first step is […]
September 19, 2020
If you are an entrepreneur who has not yet ventured into real estate investing, it’s worth considering, and here’s why. Many have heard about real estate’s consistently lucrative ROI’s in almost every market — an investment that will continue to give, even in the face of today’s economic uncertainty. As Sofia Castro, Cofounder of Ortsac […]