Archive for rehabs

“We should not only use the brains we have, but all that we can borrow.”
Thomas Woodrow Wilson

Home Builder Pro Calcs AppOne of the scariest things for new – and even experienced – investors is estimating the cost of repairs on a prospective investment property. If you’re off by even a little, it can cost you thousands in profits. If you’re off by a LOT, well, instead of walking away from the closing with a check for thousands, you might be bringing money to the table.

Finding a reliable contractor is a good first step. (Hint: go to your REIA meetings and network. Ask for recommendations. Interview several.) But the best way to know that you’ve got a good estimate is to become familiar with determining what repairs are needed and how much they cost.

So where do you start? One of the best apps I’ve seen to guide you through this process is the Home Builder Pro Calcs app. (At press time, this app costs $4.99 on the App Store and can be used on the iPhone and iPad.)  Read More→

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YOU CANNOT WIN TODAY’S BALL GAME,
WITH YESTERDAY’S HOME RUN!

WHAT WORKED IN REAL ESTATE IN THE PAST, ISN’T WORKING NOW…
WHAT DO I DO? HELP!

How many times have you had this conversation in the past year? Almost everything we knew in real estate last year has changed immensely. Yes, it’s changing daily!!! This makes it very challenging to launch successfully in 2011… IF you are not educated! Times are financially tough, but never too tough to neglect education! Remember the saying by Derek Bok, the former president of Harvard University: “If you think education is expensive, try ignorance”

Many of us became ‘seminar junkies’ in hopes that we will become the next Donald Trump or at least better our income. Unfortunately, a seminar junkie spends thousands of dollars driving from bootcamp to bootcamp, but never really earns back the investment or fully understands how to put the education into action. After attending these seminars, we are still are afraid to get going due to the minimal education and direction provided at the seminar or due to the lack of money. Even worse, you may have found out that what you have been doing in the past isn’t working now! 2011 is one of the best years ever to invest in real estate and you can do it with “no money” and “no credit!”

What, you say? HOW???? Watch to our new live Real Estate Junkie Webcast on Tuesday, January 11th (and the first Tuesday of each month) from 7:00 PM to 8PM ET!!

Register Now!

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