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In this video, Andrew shows you how to flip a house by executing the perfect system. For demolition, design, and display in many different areas of the physical property. Andrew has spent the last decade showing investors of every experience level how to flip a house. Now you can learn how to flip a house! ...
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So you’re going to go ahead and attempt an online property analysis? You’ve just received an email from your wholesaler who sent you a solid lead on a potential flip house. Now, let’s talk about completing an online property analysis right there from your desk. When I receive a quality lead from one of my wholesalers, if I don’t have the time to complete an offline/on-site property analysis, I will do an online property analysis right from my computer. The first step of course is to verify everything online. We always do this first. So, I’m going to look for the following two things: 1. The CMV – this is the “current market value.” The CMV is what your house is currently worth “as-is” 2. The ARV – this is the “after repair value.” The ARV is what your house will be worth after all the repairs are made There are three ways to determine both the CMV (Current Market Value) and the ARV (After Repair Value): 1. The “Comps” or “comparables”. 2. Have a real estate agent or broker run a CMV – there is a cost attached to this 3. Have an appraiser complete an property appraisal. NOTE: Appraisers are also able to do a CMV and an ARV) – there is a cost attached to this You can also have an agent or broker run a CMA (Comparative Market Analysis) or an appraisal completed by a licensed appraiser. We aren’t able to complete a CMA or appraisal as one must have a special license to do this. So I will usually hire an outside professional when I need this done. An appraisal runs about $250-450. However, at this point, you’re trying to compare the comps on your own to save time and resources. When you’re doing online inspections, before you compare the comps, understand that there are four different types of properties: 1. New construction – these are homes that have recently been built and no one has lived there before or currently 2. Rehabbed house – these are flip homes that an investor has purchased, repaired, and placed back on the market 3. Homeowner property – these are homes that are currently owner/tenant-occupied but is up for sale 4. REO (Real Estate Owned) or HUD (Housing & Urban Development) – these are bank or government foreclosed homes The most important thing I look for are the comps. I’ve been asked the question, “what is a comp (comparable)”? To determine the value of a house, an appraiser or an agent will typically look at three comparable sales in the area, or “comps” as they are known in the industry. Agents and Appraisers have access to the Multiple Listing Service, known as the MLS, which is a database of all the properties in a given area that have been listed “for...
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Another year has flown by and we have nothing to report but positive news! So much happened this last 12 months. It took us the first 12 days in January to add them all up and get them written down. First and foremost, one of the biggest events of 2014 was the Seattle Seahawks first Super Bowl Championship! Now that we have that out of the way, lets talk about the Andrew Cordle team and our most successful year ever! Of course, like any real estate investment and education company we’ve had our ups and downs. But there’s no need to focus on the negatives, we’re going to talk about all of the positive. In spring of 2014, we were proud to launch the Andrew Cordle mobile application. Over 1000 real estate investors of every experience level have downloaded our application. One investor who we’ve discussed in past blogs named Evans Stacker. To hear Evans story about how the AC mobile app changed his life and helped him with a successful flip, please visit http://andrewcordle.com/power-andrew-cordle-mobile-app-evans-story/ and read about his story. The Andrew Cordle mobile app is available for iPhone and Android platforms in the app stores. As a real estate investing educator, in 2014, I had the pleasure to travel the entire country in almost every major city. I have trained real estate investors my time tested and proven investment strategies and tactics. My team and I spoke to thousands and thousands of investors across this great nation. Investors who attended our courses had rare one on one, hands-on training and education with myself and my entire team of real estate educators. It was a blast and if we helped just one investor take his business to the next level, then we did our job. I am happy to report that we changed hundreds of real estate investing businesses across America! I was also blessed to personally mentor 20 student investors who took part in my personal training program. Many of these investors had limited experience and some were even seasoned, experienced investors. All of which have been able to improve their real estate investing knowledge and have taken their investing to the next level and beyond! If you’re interested in personal training with Andrew Cordle, we have training for as little as $1 per day! In the fall of 2013, I released my first book titled “The Boom After the Bubble.” I’m a master investor that lost it all in the Great Recession of 2008…but I took the lessons learned from my failures and created strategies that are recession-proof! Thousands of investors have purchased my first book and I’m happy to announce a second book in the works. I expect to release my second book in 2015! For more information on “The Boom After the Bubble,” visit http://andrewcordle.com/books/boom-after-bubble To expound further on...
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In this video, Andrew shows you how to flip a house by executing the perfect system. For demolition, design and display in many different areas of the physical property. Andrew has spent the last decade showing investors of every experience level how to flip a house. Now you can learn how to flip a house! ...
Read More »
