One of the best ways to make the most on your investments is to find wholesale deals. But, how do you do that? Well, here are 5 tips from REIClub.com. Check them out!
Ready to learn more? Visit our Investor Tools page, or contact us today!
How do you analyze an investment property before you invest in it? Well, check out this walk-through from Bigger Pockets. It offers excellent tips on evaluating a property in order to sell (or rent) it for top dollar.
Check out this real life example of BRRRR (Buy, Renovate, Rent, Refinance, Repeat). Matt McKeever offers an excellent illustration of the popular investment strategy.
Ready to give the BRRRR method a try, but need help with your financing? No worries. Contact us to figure out your financial path and take advantage of our 2-Step Loan Program.
Fix and flip shows present a skewed reality. There is a defined formula thatβs followed throughout each episode. Every moment of the show presents the best experience of working on a fix and flip without including much of the hard work that happens behind the scenes.
Read the whole article here.
One of the key factors to making more on your investments is working with a lender who can handle your short-term AND long-term loans. Or rather, being able to quickly buy and quickly refi a property.
Why find a 2-Step Loan Program?
Well, most investors donβt have the luxury of closing a deal in 30+ days. They need to close as fast as possible, especially if theyβre buying from a wholesaler with a strict deadline.
However, many investors are nervous about using non-traditional funding to close a deal upfront. What if they get stuck in a hard money loan for months and months? What if they canβt get approved for a long-term loan and get stuck with an expensive loan?
Thatβs why itβs so important to work with a lender who can handle both sides of the coin. And not just any lender, but a lender who has experience with short and long-term loans.
When you work with an experienced lender who offers a 2-Step Loan Program, youβll:
Think of a 2-Step Loan Program like a one-stop-shop for all of your real estate loans.
Less work, less hassle, more money.
Ready to learn more? Contact us today to get the ball rolling.
How do I find wholesalers?
This is a key question many real estate investors ask…and it’s a great question to ask! A key part of the BRRRR method (buy, renovate, rent, refinance, repeat) includes finding and buying under market properties. Although there are many ways to go about buying under market properties, one of the best is via wholesalers.
Simply put, they’re companies whose sole focus is finding undervalued properties, negotiating the sale, and offering them to real estate investors like yourself. Most of the houses that wholesalers find do not have the margins for traditional fix and flips. However, they work great for rental investments.
Wholesalers have two basic rules of thumb when selling their properties. The buyer must:
They will not wait around for appraisals, inspections, and loan approvals. If you want one of their properties, you have to be able to close fast. (Check out our Quick to Buy, Quick to Refi Strategy to learn how you can close your deals fast.)
One of the biggest hiccups investors experience when it comes to wholesalers is finding them. So, we’ve listed out 4 simple methods to try out:
Buying under market properties is key to capturing free equity and multiplying your cash flow. So, what are you waiting for? Learn more about rental investments and how to get the most bang for your buck by contacting us or downloading one of our free investor tools!
Don’t fail to start this week. What’s your goal?
