6 Reasons Why Hard Money Loans Are Awesome For Flipping Houses

House flipping is a real estate business model where an investor buys a piece of property, renovates, and quickly resells for a profit. This business model, as opposed to the buy-and-hold real estate business model, works on the principle of cash-in, cash-out.

When you buy and hold property, you are determined on making money from such property on the long-run; however, house flippers are only interested in the short-term ROI (Return on Investment) of a property.

A real estate investor who works on a house-flipping business model faces a lot of problems, including what property to buy, when to buy the property, cost of property purchase, and renovation expenses. Many real estate investors have turned to hard money loans for funding for their house flipping businesses.

The Real Winston Deloney: Overcoming Life’s Challenges (And You Can Too!)

Life is pretty ironic most of the time, and here’s an example for you: when you’re complacent and making safe choices, you’re not going to experience very many challenges. You’re likely to just coast by, and have a pretty easy time just keeping the status quo.

But if you want to grow, succeed, and excel, you’re absolutely going to encounter some challenges. The truth is, encountering challenges and growing pains is inherent with growth. So if that’s the case, why don’t we all just stay right where we are?

My answer is this: because it’s always possible to overcome life’s challenges. That’s how I got to where I am today, and why I continue to throw myself into new and intimidating situations.

Wholesaling Real Estate vs. Flipping Homes: What Should You Focus On?

If you’re interested in getting involved in the world of real estate investing, or you’re looking to expand your current investment portfolio, it’s likely you’ve come across this age-old debate: wholesaling or flipping homes?

As a real estate investor myself, I’ve basically tried it all when it comes to investing options, and now, I have a pretty expansive portfolio. That being said, it definitely wasn’t always a breeze, and there were times when it was tough, but I had to stick it out. 

Through all of those lessons, I learned a lot about the different kinds of investment options, and which ones are best to focus on at different times. That’s why I wanted to break down wholesaling real estate versus flipping houses, and which ones you should focus on.

6 Mobile Apps Every Real Estate Investor Should Be Utilizing

As a real estate investor, I’m always on the lookout for new digital tools that can help me excel. Gone are the days when Google was your only option for resources.

Now, there are tons of apps out there, specifically designed for real estate investing. These apps can help you maximize your productivity, stay organized, and find incredible deals, among other things.

It can be tough to keep up with all of the latest tools out there, so I decided to compile this list, to help you narrow down which ones you can use to help you be the best investor possible.

Should You Buy Rental Properties Using Cash Or Finance Them Using Mortgages?

Smart investors are always looking for new ways to grow their portfolio. When it comes to real estate investing, portfolio growth can seem like a slow go, and sometimes, it is. A big factor in real estate investing is financing: how are you going to pay for your purchase?

Should You Learn The Hard Way? 4 Ways My Mentor Helped Me Avoid Easy Pitfalls

No matter what field you’re striving to succeed in, there are always challenges to overcome and lessons to be learned. I found this out firsthand when I first started to really grow as a real estate investor and entrepreneur.

Especially when I started to enjoy more success and take on bigger projects, I realized that I had to continue learning, and that the pitfalls could actually be pretty steep.

And we all know that old phrase I learned that the hard way. So yes, of course, there were some big lessons I “learned the hard way.” But is that always the best way to learn?

As I continued my journey, I was fortunate enough to find an excellent mentor, who helped mold me into the entrepreneur and investor I am today. And I realized that no, not every lesson needs to be learned the hard way.

Here are four ways my mentor helped me avoid easy pitfalls while I was on my journey to success.

3 Reasons Tenants and Landlords Both Benefit By Using Property Managers

Deciding to dive into the world of rental property ownership is an exciting choice. Rental properties are a great way of having real estate investments which have the capability of growing in value, and which give you excellent experience. But when you choose to own a rental property, you then have another big choice to make: who do you want to manage the property?

You have the option to manage the property yourself, or you have the option to use a property manager. When you choose to use a property manager, you’re actually setting yourself up with a greater advantage, and making your job much more easier and profitable in the long run. Here are three reasons why tenants and landlords both benefit by using property managers.

Wholesaling vs. Fix and Flips: 5 Things New Real Estate Investors Should Know

When you’re a new real estate investor, there’s an overwhelming amount of information out there about how to get started, and which kinds of investments to make. I know firsthand how intense it can be at the beginning, and if this is you, definitely keep in mind that everyone has to start somewhere.

No one was born an expert in anything. And the good news is, there are plenty of resources out there, to help you make informed and educated decisions about what kind of investments you should make. If you’re looking to get your start, you’re probably considering either fix-and-flips, or wholesaling. Here are five things new real estate investors should know about both of these options.