Seeking to learn how to flip houses? This section of the BiggerPockets Blog contains hundreds of articles written by seasoned flippers across the nation. The information contained here can help first-time flippers get comfortable with the basics, and can help veteran flippers systematize their businesses. Before you dig in below, starting with our Ultimate Guide to Flipping Houses will get you a solid base. Those interested in thoroughly educating themselves about the flipping business may also want to check out The Book on Flipping Houses by the extraordinarily knowledgeable J Scott. This book is a concise and easy to read guide on the intricacies of successfully building a flipping business. Further, it's companion book, The Book on Estimating Rehab Costs, provides extremely valuable supplementary material. More educational content can be found in the BiggerPockets forums, and especially in our Rehabbing and House Flipping Forum - join the discussion and learn from flippers all over the country - it's a great place to ask those specific questions you might have and get direct feedback from knowledgeable investors. Last but not least, if you want to practice calculating ALL the expenses on your next flip, then check out the new BiggerPockets Fix and Flip Analysis and Reporting Tool. Try it out for free today!
Nearly every zip code across the Valley is reflecting the radical change in home prices over the last year. Most have jumped 20% in just 12 months, and some more than 50% in the past five years.
Looking for a high dollar house flip profit? Tarl is back to walk through another deal analysis! This time, we’re looking at a more cosmetic flip, not a full-on gut job. This property was bought during the start of the pandemic when it was risky to buy an investment property or even do a flip for that matter. But, as we all know, the market has favored real estate investments! If you’re in the market for flips (or BRRRRs), watch out for Tarl’s pro-tip, it will help just about anyone analyzing real estate deals!
00:00 Welcome Back! 02:06 Property Overview 08:41 What's "Cosmetic" in Your Market? 9:57 Acquiring This Property 13:23 Going Over the Numbers 18:27 Photos: After the Renovation 20:21 Pro Tip: Use an Accounting Hard Cost Sheet 26:25 Other Exit Strategies
If you're feeling STUCK doing everything in your real estate investing operation then this training is for you. Sign up for VA Mastery here: https://www.ceo929.com/krishaskins
Meet my man Antoine, this man is the KING of automation. I mean, he even has a virtual assistant to handle his social media. After watching and see how he hires, trains and manages these VA's, I had to bring him to my Roundup FAM. Today Antoine is going to show you exactly how he's put together a system to where it runs without him doing every task. I used to wonder how I could get out of the front end calls, to negotiating the deal, to making the offer, then looking for the buyer all BY MYSELF. Antoine will show us his secrets to where he finds these VA's and how he gets away with paying them $4 an hour legally. You can NOT compete with a man that has a team working, when you're a one man show. So I'll see you at 7:30pm EST tonite to get some nuggets AND you know I've negotiated some sweet goodies for all that attend.. See you tonite....
Inflation is coming, but should you be scared? Dave is back this week to dig into the underlying causes behind inflation/hyperinflation, how the consumer price index (CPI) affects inflation, and what you can do to save yourself from losing money. Before you make any rash decisions and trade in all your cash for mint condition Pokémon cards, hear out Dave’s reasoning and predictions for the upcoming market cycles.
Today we'll go over the main things the IRS wanted to verify when they audited me. I wouldn't wish this experience on my worst enemy. You get that large white envelope in the mail giving you date and time to show up to the federal building. The sleepless nights after that made me believe I'd lose everything for some tax mistakes I may have made. I also thought "why me"?! Why would the IRS want to pick on the small business owner.... But the fact is the IRS wants to give you all the deductions we can prove. That's why in this video I'll show you 3 big expenses they wanted to verify from my tax returns; Car expenses, Mortgage Insurance, and my contract labor. See how I keep my records to make sure I'm always in compliance with the IRS so you'll be prepared if you ever get called in for an audit....
00:00- Intro 2:03 - The IRS is hiring more agents for tax compliance 4:05 - I had to verify was car and truck expenses and travel log 7:40 - Fees, how I get paid & Contract Labor, 1099's 10:02 - How we collect 1099 and w9 information w/ Social Security numbers 11:38 - They wanted to verify I was paying Mortgage Interest since it wasn't in my name 13:12 - How to prove we get to depreciate houses owned in the trust
There are 6 common problems investors encounter that can lead to disaster! Here are 6 ways to safeguard from disaster in commercial real estate investing:
Phoenix is our top market in the West among the best places to invest in real estate. A 2020 exodus from urban CA locations has bolstered already strong underlying fundamentals. Arizona also ranked #5 for inbound moves in the Annual 2020 United Van Lines Moving Study
Some Highlights For the eighth year in a row, real estate maintained its position as the preferred long-term investment among Americans. Real estate has been gaining ground against stocks, gold, and savings accounts over the last 11 years and now stands at its highest rating in survey history. Contact a local professional if you’re ready to make real estate your best investment this year.
Here are the pros and cons of buying an existing Section 8 property — and what's important to know before closing the deal. Start investing at BiggerPockets.
Welcome back guys! In this video I discuss with you the biggest mistake I made as a real estate investor and business owner. I talk about why it's important for me to be more involved with my business ventures more than ever before.
Jaren got into his latest house hack about a year ago, and he has quite the story to tell. We're going to dive into the nuts and bolts of how he found this deal, what the numbers look like, what the experience has been like so far, and why it's the best property he's ever lived in.
Jaren got into his latest house hack about a year ago, and he has quite the story to tell.
In this episode, we're going to dive into the nuts and bolts of how he found this deal, what the numbers look like, what the experience has been like so far, and why it's the best property he's ever lived in.
We're also going to cover some big news about the latest course from REtipster: House Hacker University: http://househackeruniversity.com/
As always, we've put a TON of time, effort, and love into this course. If you have any interest in using your house to create another stream of income, this is something you'll want to check out!
REtipster.com is a real estate investing information and education website that offers real-world guidance for real estate investors. This is the place to gain real estate investing knowledge that is simple to understand, easy to apply, and proven to deliver results with minimal risk. Gathered here are the tools to help investors succeed with high-return, low-risk real estate investment for personal and financial freedom.
The housing market is on fire! When will it cool down?
Everybody wants to know.
To answer that question, you’ve got to understand the 4 factors that have got the market so hot!
I’ll break all 4 of those down for you and then give you my thoughts on what could spark a market shift, and which one is likely to happen first.
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My name is Matt Theriault. When aspiring, frustrated investors are stuck in the proverbial “rat race,” they come to me.
I help these people create passive income through creative real estate investing strategies so their money works harder for them than they do for it, resulting in ultimate financial independence and freedom.
Whenever you're ready, here are some ways I can help...
If you’d like…
✅ to brainstorm some ideas about your real estate investing and the potential of working together, watch this https://youtu.be/JQPTe2XzDVM
✅ for us to take on all of the heavy-lifting and build your cash flowing income property portfolio for you, go to http://CashFlowSavvy.com
✅ to find off-market real estate deals and do it yourself, here's our most valuable tool in doing so http://bit.ly/OffMarketRealEstate
QUESTIONS ABOUT EPIC PRODUCTS AND SERVICES, CONTACT SUPPORT support@epicinvested.com.
NO INVESTMENT, FINANCIAL, LEGAL OR TAX ADVICE
The contents of this video are for informational and educational purposes only. They should not be considered investment, financial, legal or tax advice. Matt Theriault is not licensed in the insurance or securities industries and is not in the business of selling, soliciting or negotiating the sale of any insurance contract, security or other investment vehicles.
This video tells the entire story of an investment property I bought in 2009 right in the middle of the Great Recession. Banks weren’t loaning a lot of money at that point - especially for a property with an old 1938-house and 3 old mobile homes.
But the numbers seemed good, so I bought it, figured out a way to get the money, and kept it as a rental ever since. Now 12-years later, I decided to take a deep dive on the cash flow numbers to see how we ACTUALLY did financially. In this video, I share all the details with you so that you can analyze and understand your own rental properties better.
NEXT VIDEO: - My First Rental Property (17 Years Later) - How Much Cashflow I Actually Made - https://youtu.be/9nYmlZfPF7Y
OTHER VIDEOS MENTIONED: - How to Analyze a Rental Property (No Calculators or Spreadsheets Needed!) - https://youtu.be/ExFWAYXr11s
TIMESTAMPS: 0:00 - Intro 0:59 - Property specs 4:16 - Location and lots 6:06 - Purchase price 7:17 - Financing & cash 9:41 - Income estimate 12:54 - Income & expenses since 2009 19:17 - Internal rate of return in 2020 23:02 - Change in resale value 25:37 - Estimated rents over next 10 years 27:17 - Internal rate of return in 2030 30:44 - Would you buy this deal?!?
In a weeklong special report, “Arizona's Rising Real Estate,” KTAR News 92.3 FM reporters chronicled the various effects the market has had on buyers, sellers, renters, professionals in the industry and others. Here's a recap of the series.
http://www.freedommentor.com Discover 5 money saving tips for preparing to sell a house. These tips will also help if you are a landlord and want to rent your units as quickly for as much as possible.
Buying an investment property and wondering how to make a profitable decision? Learn how to calculate cash on cash return in 2021 to make money in real estate.
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