Real estate investors at a mastermind group

Mastermind Groups for Real Estate Investors (Why and How to Find Them)

What do thought leaders like Grant Cardone, Dean Graziosi, and Tony Robbins have in common? They take massive action. They know their self worth. They preach radical transparency.   Those are just some of the traits and mindsets that propel them to stratospheric success. Despite their success today, these business titans all grew up in difficult circumstances. Somewhere along their life journey, however, they met others who embodied who they wanted to become, and found mentors to keep them on track.  Then they paid it forward by creating and offering their own programs to teach, guide, and launch new generations of entrepreneurs.  Often in the real estate industry, we talk… Read More

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House Flip Construction Estimate

How Can I Get Contractors to Give Me a Rehab Estimate for a Potential Flip?

This question is often code for: I don’t know how to estimate rehab costs, so how can I get a contractor to help me perform my due diligence on a property by coming up with a Statement of Work (SOW) and estimating it so that I can put in an offer?   The Set Up You have decided to jump into flipping because that’s how you build up your war chest to start using the BiggerPockets BRRRR strategy. You have no construction estimation experience, but you have just found your first distressed property on the MLS, through a property wholesaler, or just driving for dollars, and are dying to get… Read More

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Real Estate Marketing to Empty Nesters

How to Dominate the Most Profitable Real Estate Segment That No One is Marketing to Right Now

If it’s not obvious yet, these are undoubtedly unprecedented times that we are living in. Times that will surely make people with a bias for action a lot of money. Unfortunately, I’m seeing a lot of real estate investors sitting on the sidelines and watching Netflix, instead of taking advantage of the opportunity right in front of them.  I hope that you can be one of the few who does, by Hustling From Home (TM). Now, before I continue, while I believe that it is a great time for you to take advantage of the additional motivations created by the Corona virus, I categorically do not condone or advocate using… Read More

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Real Estate Investor Marketing Plan

4 Types of Motivated Sellers That Real Estate Investors Need To Be Marketing to Right Now

The current state of affairs related to the Covid-19 pandemic continues to affect millions of homeowners and businesses. Very few people have been left unaffected by this pandemic, with many who had plans to sell their properties from before the virus spread, but can no longer do so. While the government is helping those in need who are having trouble making their mortgage payments, and preventing foreclosures, there’s now a lot of other people who don’t need government assistance, but still need your help. They were motivated to sell their properties before the virus, and now because of it, they are more than ever looking for your help, and a… Read More

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How to Automate Your Offer Emails to Motivated Sellers

The REI/kit email marketing automation platform is an incredibly powerful tool for real estate investors, because it offers hands-off lead welcoming, follow-up, and nurturing. It’s easy to get started, by simply linking your REI/kit website to a “Website Lead to Send Offer” email marketing campaign. By linking these two tools together, you’ll have created an automated funnel that will guide you and the motivated seller through a series of steps that are designed to make the offer process as smooth as possible. I created this video to show you exactly how the campaign and tasks automation tool works, and how you can use it to streamline your lead processes.  … Read More

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Best House Flipping Software Header Image

How to Evaluate the Best Software for Real Estate Wholesaling and House Flipping

In this guide to choosing the best house flipping software, I aim to help you in your decision process by talking about the most important aspects necessary to scale your business, and then talk about the features of software that you might need in order to get there. There is actually significant overlap here between software for house flipping and real estate wholesaling, and for good reason: The hard work is on the front end, before you even offer on a property.   With this guidance, I want to truly help you make an educated purchase decision in the goal of making your business successful.   What is the best… Read More

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How to calculate cash on cash and internal rate of return

Why Should Cash-on-Cash Analysis Only Be Used For the First Year of Rental Cash Flows?

The other day I was thinking about how we use Cash on Cash Return (CCR) to filter and compare potential rental property investments, and how that metric is only useful to understand the first year performance of a potential long-term buy-and-hold deal. This post explains the limitation of Cash on Cash Return (CCR) beyond the first year, and why you should use Internal Rate of Return (IRR) to analyze the long-term potential of your rental property investments instead.   Starting at the Beginning: What is ROI? ROI is the rate of return of your total investment.     Generally, ROI is used for short-term investments such as flips where you… Read More

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BRRRR Real Estate Investment Strategy

Real Estate Investment Strategies: Example BRRRR Analysis

In this video and post we are going to analyze a property that was advertised on BiggerPockets as a potential BRRRR real estate investment strategy candidate.   In order to perform the analysis, we will be going over: An Overview: What is BRRRR? The Potential Deal What is the 2% Rule? Gathering the Due Diligence Data Verify the After Repair Value (ARV) Identify the Rehab Costs Enter the Purchase, Sale, and Holding Costs Purchase Costs Sale Costs Operational Expenses (OpEx) Modeling BRRRR Financing: Buy, Rehab, Refinance Hard Money Purchase Loan for Purchase & Rehab FHA Conventional Refinance Rental Property Income Capital Expenditures (Reserves) Itemizing CapEx How Does CapEx Affect Your… Read More

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Frustrated Real Estate Investor

Why Are Your Real Estate Investment Offers Always Getting Rejected?

Despite carefully following the most commonly used rules of thumb in real estate investment, new investors eager to get their first deal under contract, nearly always find their offers immediately rejected. They frequently experience the following scenario play out: I follow all of the rules of thumb, make sure I’m conservative with my numbers, and end up with an offer that’s way below listing price….and this is the 10th one that has been rejected. or My MAO says that using the 70% rule, I should offer X which is less than half the listing price, and my realtor won’t even submit the offer.   So what do these frustrated investors end… Read More

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Rental Performance Proforma

18 Essential Metrics to a Complete Real Estate Investment Analysis

When it comes to analyzing the potential of an income producing property, most people focus on Cash on Cash return as the only measure of their real estate return on investment. However, to get a complete picture of the return of your real estate investments, there is an array of metrics that you should include as part of your rental property analysis. While initially overwhelming, in this post I’ll break down each metric, provide the formula to calculate it, and show you examples, using a real-life advertised deal. In addition, I’ll also go into how these figures and ratios relate to each other. The total picture you get from preparing… Read More

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