As an investor, you are probably familiar with the 70% rule. The rule says that investors should pay 70% of the ARV minus repairs for an investment property. The percentage can change from market to market, but one thing doesn’t change — the formula’s reliance on accurate after-repair-value and estimated repair costs. The formula only…
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Driven by his desire to work and raise his family from home, Chris and his wife have jumped in to real estate investing. They work full-time jobs and spend an extra 15-20 hours a week building their Houston investment property portfolio. Chris uses his time wisely. During his two hour commute every day, he listens…
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Stepping out of your comfort zone is challenging — but that’s the way it should be! Debbie’s real estate investing experience is that each Dallas investment property deal that she does gets easier. She has been flipping properties for the past six years and thrives off improving the quality of a house to make it…
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We’ve all heard the rental property horror stories. We’ve heard about the 3:00 a.m. phone calls for busted pipes and broken toilets. We’ve heard that being a landlord can be a real nightmare. But frankly, it doesn’t have to be that way. As with most aspects of real estate investing (and in life!), if you…
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Pierre has experienced the ups and downs of real estate investing. One week he profited $36K on a deal, and the next he had thousands of dollars worth of appliances stolen from a house he was showing to potential renters. Pierre is the to first admit that he learned a lot from making mistakes, which…
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The numbers are out! We’re excited to release a list of the most popular zip codes for wholesale deals from January to March of 2016. If you do your own marketing to find investment property, target properties in these zip codes because they are more likely to have motivated sellers and/or properties in disrepair. Both…
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DeJuan recently purchased his first property from MyHouseDeals, but he is far from a newbie. He’s coming out of a long break from real estate investing more determined than ever to build wealth with Chicago investment properties. DeJuan takes advantage of his existing connections and relationships which makes vetting a property, identifying comps for a…
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There are two primary strategies for real estate investors: flipping houses and rental properties. As a newer investor, or someone interested in investing, you may have questions regarding what exactly is involved in flipping a property. Here is our complete introductory guide to flipping houses for a substantial profit! What is house flipping? House flipping involves…
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Although Greg is new to real estate investing, he acted with the confidence of a seasoned investor when completing his first investment property deal. Eager to take advantage of his local market, which happens to be booming for real estate, his only regret is having waited so long to get started. Greg is a part-time…
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Are you afraid to overbid on investment properties? This detailed article explains how investors calculate the quality of the investment they make in a property, which helps determine what they can pay. We will begin with rental properties, and then flip properties. Evaluating a Rental Property There are two main ways of calculating the quality…
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