One of the fastest ways to build a fortune in real estate is by flipping houses! I have spent the last decade flipping houses and have been very successful at it. Once you start flipping houses, the sky’s the limit! So what are you waiting for? Study my educational video library and start investing today! A seasoned investor with over 10 years in the industry, Andrew is a nationally recognized speaker and educator. His passion is helping people find their purpose and in 2013, he celebrated a groundbreaking strategic alliance with Home Depot, Inc. Andrew has flipped hundreds of homes in multiple states and tours the country sharing his vast wealth of knowledge with investors of all experience levels. Andrew loves to teach new investors how to flip a house and mentors a small, select group of student investors who have had great success applying his proven systems. Click here to watch the video! ...
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As a real estate investor your success depends on your habits. Positive habits breed positive results. From the beginning of your real estate investor career to the day you retire, following a set of best practices will keep your business successful. In this post I want to cover eight real estate investor habits and best practices that you need to have! Form a Plan A solid business plan is the first thing needed to get your real estate investor career off the ground. In order to know where you’re going, you need to have a map. Take the time to write out what you want to accomplish and the steps you need to take to get there. Always having a well thought out business plan will keep you on track and keep your real estate investor career successful. Know Your Market There is nothing more important to a real estate investor than knowing your market. You always need to understand who you are buying and selling to. You also need to understand the economy in which you are working on. Whether you operate in one city or multiple locations, always stay on top of what the local economy is doing. You may be getting results in a city with one business plan that will not work in a different city. Master Your Target Market As part of your business plan, figure out what market you want to attack. Whether it is probates, motivated sellers or foreclosures, figure out what market you want to target and do what it takes to master it. Every real estate investor wants to be the master of their craft. Take the time to master one particular skill or approach before attempting a different strategy. If you try to learn every real estate strategy at once, you’ll end up doing a lot of things halfway and putting way more stress on yourself than you need. Promote a Referral Program A referral program is a great way to have deals come to you. You, as a real estate investor, should always be looking for new ways to generate leads. Your time is valuable. Offering a referral program is a great way to take a load off of your back and get motivated sellers to call you. Offer a reward to contacts that you meet either verbally or on a referral card. Tell them to keep your eyes peeled for houses that fit your investment criteria. Having eyes all throughout the city or cities that you work can provide you with extra time to take advantage of other marketing strategies and opportunities. Stay Educated You have to stay ahead of the game. Always stick to your business plan and to the strategies that get you results. That being said, make time to learn and test out different marketing methods and ways to...
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The housing market is chugging ahead, with even higher home prices and more buyer activity—and in May, we’re seeing more than the ordinary seasonal uptick. “On the demand side, we are seeing traffic and searches on realtor.com® continue to set new highs,” said our chief economist, Jonathan Smoke, who did a preliminary analysis of our site’s data in May. Visits and searches are expected to be up more than 50% and 35%, respectively, year over year. Helping create more opportunities for buyers, the listings inventory is now growing faster, at 4% over April—but it’s still down compared with last year, so buyers will need to keep on their toes. In part because of the limited inventory, the median list price increased nationally to $228,000, up 7% over the previous year and 1% over April. At the same time, homes are moving more quickly: Median days on market, now at 66, continued a sharp decline, down 11% year over year and 10% month over month. Smoke’s team also ranked the nation’s 20 hottest real estate markets for buyers and sellers. Looking at the nation’s 300 largest markets, the team used the number of views per listing on realtor.com to gauge demand, and the median age of inventory to assess supply. California dominated the list, with half of the country’s 20 hottest real estate markets, because of its tight supply of homes and economic-powered growth in demand. San Francisco and San Jose maintain the second and third spots from the April rankings, while the state capital, Sacramento, leaped from No. 21 in April to No. 12 in May. “Sacramento typically follows strong growth in Silicon Valley and the San Francisco Bay Area, as it is a relatively more affordable alternative,” Smoke said. “But this market has had strong employment growth above the national average and is seeing strong household growth as a result.” Three states pulled off a two-fer on the list: Texas, with No. 4 Dallas–Fort Worth and No. 16 Austin; Colorado, with No. 1 Denver and No. 13 Boulder; and Michigan, with No. 9 Ann Arbor and No. 10 Detroit. These markets’ success also reflects economic-powered gains, but the Texas and Colorado story is more of a continuing saga that shows the resilience and diversified nature of the states’ economies despite the declines in oil. Michigan’s performance is related to economic recovery and very strong affordability. Denver resoundingly maintained the top ranking as inventory there shaved six days off the median age while listing views grew 7% over April. Like Dallas, Denver is experiencing substantial economic growth, and the tight supply of housing is resulting in the fastest-moving inventory in the country. The 20 Hottest Real Estate Markets in May 2015 Market May Rank April Rank Denver-Aurora-Lakewood, CO 1 1 San Francisco-Oakland-Hayward, CA 2 2 San Jose-Sunnyvale-Santa Clara, CA 3 3 Dallas-Fort Worth-Arlington, TX 4 4 Vallejo-Fairfield,...
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Becoming a real estate investor is an exciting career choice. There are many benefits that you find as a real estate investor that you can’t find working a boring nine to five job. So what exactly is a real estate investor? In this article I’ll be discussing the benefits of becoming a real estate investor. There are many things that qualify an individual as a real estate investor. I’ll be discussing the benefits of professionals who perform the buying and selling of property and benefit solely off of the investment. When you hear “real estate investor” you typically think of wholesalers, flippers, and landlords. The following are benefits that these professionals enjoy that you can’t find in many other professions. Financial Freedom One of the biggest benefits that comes from being a real estate investor is financial freedom. While being a real estate investor isn’t a get quick rich job, it does allow you the opportunity to achieve financial freedom faster than working a regular job. Jobs in the retail, service, and labor industries pay good over time, but it could be decades before you are able to retire. A career as a real estate investor can provide you with the ability to build a business from the ground up and retire at a much earlier age. Becoming a real estate investor not only provides financial comfort for you and yours, but it allows you the ability to create passive income. If you are a real estate investor who owns rental properties, you can set a goal as to how much passive income you want to make and retire once you start receiving that amount each month. You don’t have to worry about hitting a ceiling as a real estate investor either. The more good work you do, whether it is flipping houses or obtaining rentals, the more money you can make. You can’t get that with a conventional job! More time to do what you want As a real estate investor you have the ability to make your own schedule. Working at a conventional job, there are specific hours to have to meet and keep each and every week. With constrictions like that, it is hard to find time to do anything that you WANT to do. You get to dictate your own hours as a real estate investor. Now, while you’ll find yourself working plenty in the beginning, as you progress in your career and build your team you will find yourself with more and more time on your hands. Time that you can spend with your loved ones or taking part in hobbies that interest you! Early retirement, as stated earlier, is a definite possibility as a real estate investor. This means if you are a successful real estate investor you can spend more of your life doing what you want,...
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