Below you'll find a list of all posts that have been categorized as “real estate investing basics”
In your next investment property landscaping design use these five plants and follow our tips for an even better return. #AskProfJoeyC Episode 24 I’m a big believer in salvaging landscaping when you buy a house. Plants are very costly when you buy them full-grown, or they take forever to grow if you buy them when they’re young. When you’re flipping …
Keep these tips in mind during your next real estate clean out! #AskProfJoeyC Episode 24 To Keep or Not to Keep Materials During Real Estate Clean Outs! As investment property owners, we are always trying to save money. Many new investors ask me whether or not they should salvage materials out of old houses during real estate clean outs. Sometimes …
Construction Supplies – should you buy them or should the contractors buy them? #AskProfJoeyC Episode 22 When using a contractor, you’re taking headaches and giving them to him! Let them buy the construction supplies. Buying materials is a BIG headache, so as much of that as you can give to your contractor, the better. We allow contractors to buy “building materials” …
ALWAYS CHECK THE MARKET! You have to know the market when rehabbing. Will the market pay more for high-end granite? OR are you in a middle-tier market that’s ok with Formica? Just because you’re putting in a certain finish that you THINK might boost the value, you could be wrong because the market doesn’t care. How do you counter that? …
There are 3 common types of plumbing you’ll find in every house you do. The first is PEX – It’s the newest and what we consider the best. Then there’s copper, which is good but expensive. And finally, there’s PVC. PVC is cheap and it blows apart when it freezes. There are no advantages to using PVC other than the …
Should I Invest In Real Estate? The most common question of them all!! First off, do you really want to do it? I think a lot of people get hoodwinked or get caught up in the allure of the internet sensations who say they make millions of dollars in real estate and “you can do it to.” BUT the reality …
Should you build or rehab above the comps in the area to push the market value? Or should you match the current market? We’re not trying to create a kingdom! We’re just trying to make some money. DO NOT TRY TO RESET THE COMPS IN YOUR MARKET by pushing the level of your investment. Don’t be the first person in, …
How do you prove you have funding when using a private lender on your deal? No matter what you’re doing, you’re using someone else’s money! Whether it’s a bank or private lender, you’d still have to prove you have the funding. When using a private lender, you just need to ask the individual for a proof of funds letter and …
Selling a house can be confusing! Where do you advertise houses to sell or rent if you don’t have a realtor? Great resources we use are Zillow, Trulia, and Craigslist. Also, don’t forget about Facebook! Especially the real estate heavy groups. They work great for wholesaling or selling a great property to an investor. When you’re selling or flipping houses …
How do you prepare for an occupancy inspection? Occupancy inspection or property inspection: two different terms that sometimes get mixed up. An occupancy inspection is a building inspector usually hired by the city (or that works for the city) who is trying to say, “is this property safe and legitimate to be occupied?” They are going to look for items …
