I want to introduce a new company for investors. Turnkey Reviews or www.turnkey-reviews.com. Turnkey Reviews is barely a month old and it already has a ton of traction! I know that many of you have had those moments in which you hear about someone else’s new venture and it makes you think, “Dang, you idiot, you should have done that! It was right in front of you this whole time!” Well, Turnkey Reviews was one of those ideas. I remember exactly where I was standing when I heard about this brand new website. Let me tell you “what” and “why” I love this website and company: This website is a platform where other out of state investors can go and research any turnkey company throughout the nation. You can see and read the reviews from nationwide investors. As well as clients that have done business with different turnkey investment companies. There, you will see where investors and clients submit legitimate opinions and reviews. Reviews as to what they either liked or didn’t like about doing business with a specific turnkey provider. It is similar to the popular “Angie’s List” website. Except it will reflect experiences and ratings for each turnkey provider across the nation. Turnkey Reviews will also pull back the curtain on those turnkey providers across the country who provide not only great companies, but companies that have provided unsatisfactory and poor services for their clients. As a subscriber to turnkey-reviews.com, first and foremost, everyone can join for free! You’ll also have the ability to obtain non-sales and objective opinions from real buyers with real experiences! With turnkey-reviews.com, there are no kick-backs or referral fees from any of the providers. This keeps it as objective as possible and is further proof to you, the consumer, that the intentions are for your benefit. So, if you are looking to purchase out of state properties, this is the place to begin your search. No need to be concerned about high pressure sales or random stats! Take a moment now and visit www.turnkey-reviews.com to find out and experience what real customers and investors are saying about the turnkey providers throughout the country. If it helps you avoid a mistake or puts you in touch with a top-notch provider, than it’s worth every second of your time. I can assure you – it’s worth it! ...
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For real estate investors, being mobile can make or break your business. Whether you are managing your rehabs, looking for deals or communicating with your team, there is an app that can make your routines easier. These are 10 apps for real estate investors that I have used to help my business grow and prosper. My advice would be to take advantage of as many of these as possible. Realtor.com This is a great app for researching comps. The Realtor.com app compiles data from houses and apartments listed on the internet and puts them in the palm of your hand. The app updates every 15 minutes to keep the listing current. This is an awesome tool for investors who are constantly on the go and don’t have time to sit and do analysis. The ability to do analysis on the move could be the difference between getting a deal and losing one. Sign my Pad Sign My Pad can be useful in many different fields, but it is an especially handy app for real estate investors. There are countless documents that need to be signed. Contractor agreements, buying contracts and invoices are just a few. This app allows you to have pdfs signed right on your phone or tablet, eliminating the need for faxing or scanning. When you are a real estate investor making offers on the go this is a huge time saver. You can have a buying contract signed and sent to your title company in seconds! Red Fin Redfin allows you as a real estate investor to run comps and locate potential deals while on the move. You can view listings on a mini map covering a wide area. You can then compile a list of properties that might meet your requirements. Another feature of Redfin that makes it one of the best apps for real estate investors is the ability to share listings. As a real estate investor you are constantly building relationships and sharing information. This app makes it easy to share possible leads and deals with other investors inside your network. Andrew Cordle The Andrew Cordle app is one way that I am able to share my experiences and knowledge with other real estate investors, and with more than ten years in the industry there is a ton to share. You gain access to educational videos, news, and scheduled events that can help you to grow as a real estate investor. This is one of the best apps for real estate investors who want to continue to grow their business and their understanding of the real estate industry. Bigger Pockets I am a huge fan of this app. Bigger pockets is a real estate investor social media network that is centered on sharing information. Users have the ability to create free accounts which give them access to some...
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There are many obstacles that can keep you from flipping houses. In order to give everybody the best chance to be successful house flippers, we’ll be discussing 6 steps that you need to take before start. Follow these steps and you can begin building the foundation for a long successful career flipping houses. Step 1: Overcome Your Fear of Failure The number one reason why most people do not get into flipping houses is because of fear. Fear of losing money, fear of failure, fear of the unknown, fear of disappointing others and fear of change are all very true to most people. This is the cause of many who could be successful in flipping houses never even to try. The most important thing to do to conquer fear is not to quit your day job until you have at least a year of experience under your belt. It’s also important to have at least one year’s worth of salary as a fallback. These sorts of safeguards will reduce the amount of fear in getting started flipping houses. Another great way to overcome fear is to start educating yourself. Get out and start speaking to people who are currently doing it. Once you start realizing that these are people just like you, your fears start to dissipate. Now you’re ready to take the next step toward achieving your goals. By Realizing that it can be done and that your fears are misplaced, you can check fear at the door and get on to flipping. Don’t quit your job until you have a year’s of experience Educate yourself by talking to people in the industry Step 2: Start Networking It’s extremely important to get out and talk to people and network yourself. As mentioned in step number one, this is an important part of overcoming fear. However, if you really want to get into fixing and flipping, the best way to start networking is to go to local organizations and start speaking with people who are actually doing it. There are rehabbers, wholesalers, realtors, attorneys, lenders and real-estate professionals who meet every single month in your local area. Getting to know these people and seeing how their business works, as well as making some initial contacts, is an important second step in learning how to fix and flip. Some of the best kinds of meetings are National REIA meetings, chambers of commerce and business networking groups. Get out there and start networking! Make contact with people doing what you want to do Attend local and national REIA meetings Step 3: Start Building Your Team This is an area where many people that are new to real estate investing are not so sure about. Fixing and flipping is not a solitary endeavor. While the reality shows might make you think that...
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Tenants are the most important investment that any landlord has to make. The thing that separates the successful landlords from the ones who fail is their ability to effectively screen tenants. Most landlords use the standard method of screening, the credit score. This is okay. But when you’re dealing with class C and D properties it is going to be harder to find a tenant with a great credit score. The longer you spend searching the more money you lose. I’m going to provide you with two things to look for on a tenant’s credit application. They will help you avoid losing money from investing in bad tenants and vacancy. Evictions Evictions are tough for both tenants and landlords. The entire process is tiring and normally doesn’t end well for anybody. There are a lot of tenants who I am willing to give a chance to. But when I see an eviction on any tenant application I walk away. Why? When I have to evict a tenant I want the process to be as short and painless as possible. When an eviction shows up on a tenant’s application it is a sign. A sign that their eviction was a more drawn out process. It takes extra effort on the part on the landlord to make sure that an eviction ends up on a tenant’s credit report. That tenant/landlord relationship would have really had to get bad for the landlord to spend the extra time and effort to make sure that the eviction ended up on that report. If you see an eviction on a tenant’s credit report I highly recommend continuing your search for a tenant. Utility/Power Bill Checking out the utility/power bill on a tenant’s credit application is another deal breaker. If I look at a tenant’s credit application and there are collections on a utility it means one of two things. The tenant could have been evicted. I’m left with this being a possible scenario because normally evictions occur when a tenant is unable to pay on time or is unable to pay at all. It’s extremely common that when given the choice between paying a utility and paying rent, the tenant pays the utility bill. If utilities collections show up on a tenant’s credit application, not only did they fail to pay their utilities, chances are there was an eviction also. The second possibility is that the tenant moved out of the house without telling the landlord. No matter what reason, when a tenant leaves without giving any kind of notice to their landlord it ends up being rough for both parties. Without notification the utilities will normally stay on under the tenant’s name until the landlord realizes they are missing a tenant. It is because of these two reasons that when I see collections...
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