If investing in real estate was easy everyone would do it. In a perfect world you would begin your career with surplus capital, unlimited leads and a full team at your disposal. The reality is that most investors aren’t afforded these advantages. Almost every investor has at least one major issue they are forced to […]
Tag Archives: flipping
So……You Inherited a House? Now What?!
In the world of real estate, you never know what is on the horizon. There are plenty of times when situation is thrown on your lap completely out of the blue with unfamiliar circumstances. Such can the case with inherited properties. Dealing with an inherited property or a property in probate can be one of […]
Foreclosure Should be Your Last Option.
There are few things more impactful to your financial health than a foreclosure. Aside from a bankruptcy, a property foreclosure is one of the worst things that can negatively affect your credit. Not only does it hurt your credit in the short term, but it has a lasting impact that could take years to recover. […]
Pre-Approval vs. Pre-Qualification
Getting approved for a loan is much different than it was a decade ago. In the past there were multiple options and programs for every different income type and down payment. Today there is much more documentation required and everything is much more scrutinized. A seemingly innocent document requested at the 11th hour could cause […]
Don’t Spend a Dime! How to get leads without breaking the bank.
The best way to build your pipeline is to increase the number of leads you generate. If you have been in real estate for some time you have probably heard that investing is a numbers game. The more leads you generate the more chances you have of turning a lead into a deal. Real estate […]
5 Challenges Many New Real Estate Investors Face
Your perception of real estate is often different from reality. From the outside you can buy any property, make some improvements and walk away with a handsome profit. The reality is that it is difficult to get good deals, make the right updates, find a buyer and close in your timeframe. Additionally, there is almost […]
5 Reasons To Start Flipping
From the outside, flipping a house looks easy. If you watch one of the many programs on rehabbing and flipping they make it look like every property is a winner. The reality is that if you don’t know what you are doing you can, and will, be disappointed in your results. This is the part that you […]
Timing your Renovations
Many real estate investors and homeowners in the Greater Chicago area perceive the ‘what to do’ as the biggest challenge in successful home improvement projects, but timing can be just as critical. Get the order of your scope of work wrong and you’ll see returns drop, projects taking a lot longer than expected, and of […]