As an experienced real estate investor and wholesaler, I sometimes think that I’ve seen it all—every possible title issue imaginable—but then something comes and surprises me. Multiple heirs, children given up for adoption, homesteads, disease, no will – there are too many unpredictable factors to count when determining who will actually inherit a house. In…
Read the Full Story
As a tax accountant who has spent most of my career specializing in working with real estate investors, I have seen a lot of rookie tax mistakes from new investors on their real estate investing taxes. Whether you just started your investing business or not, keep these Dos and Don’ts for your taxes in mind…
Read the Full Story
You can sum up Darnell’s Chicago real estate investing business in one line: Don’t ever quit until you get what you want. Darnell has a hunger for success that drives him to push through the challenging times. Darnell got into real estate investing after reading Rich Dad Poor Dad and resonating with the outlined path…
Read the Full Story
One of the biggest mistakes an investor can make is underestimating repair costs for an investment property. Seasoned investor, Kenn Sok, joined us to explain in detail how to estimate rehab repairs correctly every time. Whether you’re a wholesaler working with motivated sellers, or an investor dealing with a wholesaler, these rules of thumb for…
Read the Full Story
Are you afraid? And no, I’m not talking like, ‘Boo, watch out for ghouls and goblins’ afraid… I mean, are you fearful about some of the aspects of real estate investing? Does the thought of talking to sellers, negotiating or making offers scare the pants off you? Maybe you’re concerned there’s too much investing competition…
Read the Full Story
For Lloyd, real estate investing represents more control over his time and more time with his family. He is an engineer by trade and has spent the last couple years educating himself about real estate investing strategies with Houston investment property. After a weekend seminar, when his wife officially got “on-board”, they jumped into their first…
Read the Full Story
Wholesaling is the best strategy to get into real estate investing because of its low barrier to entry. Although the idea to wholesale properties can be a little daunting (and confusing), it’s attractive because it doesn’t require a lot of upfront money from the investor. Remember, when it comes to wholesaling, the investor is selling a…
Read the Full Story
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…
Read the Full Story
After 15 years working in IT, Sid developed an interest in real estate investing. When he completed his first wholesale deal with none of his own money down, he was hooked. Sid attributes some of his success as a real estate investor to the relationships he has built and maintained over the years. From his…
Read the Full Story
Although Kelechi served in the military and acquired college degrees in finance and accounting, he always thought about getting involved in real estate. After attending a real estate investing seminar, he was officially hooked. Armed with enough motivation, Kelechi jumped into the business. Now an experienced wholesaler and rehabber, Kelechi has shifted his focus to…
Read the Full Story