6 Fantastic Tips In Managing Contractors

Posted on: May 7, 2011

Categories: Fix, Ideas

Author: lbuen

6 Fantastic Tips In Managing Contractors

The buy-fix-sell or rent out real estate investing strategy often fetches heftier returns than flipping because it entails a lot more work. This includes dealing with contractors who will be renovating your property. The profitability of your investment property partly depends on how the contractors execute their job since you will be spending a considerable sum of money for the project and because the quality of their work will dictate how much asking price or rental you can command from buyers or renters. That is why if you are new in this strategy, it is essential that you establish a good working relationship with some of them so that in your next rehab projects you know who to turn to. Of course, you would want to choose the competent and professional ones, those who are reliable and would not… Read the rest

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How To Make Money In Real Estate – Mind Map

Posted on: April 12, 2011

Categories: Buy, Fix, Profit

Author: buyfixandprofit

How To Make Money In Real Estate – Mind Map

How To Make Money In Real Estate – Mind Map

Mind Map of how to buy, fix and profit by investing in real estate. The mind map shows various methods of how to buy foreclosures, rehab properties, and make money by investing in real estate.  There are many links included in the map to various REI resources on the web.  Please send me a message if you have more links you would like to add by contributing to the map.  I would like to expand this mind map to double this size with full descriptions in each category. Thanks!

Expand the Mind Map and it will open in it’s own window. It contains various ideas and categories of how to make money in real estate including useful websites and information.

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Magnificent doors that will change your life

Posted on: March 29, 2011

Categories: Fix, Ideas

Author: buyfixandprofit

A door is not merely a door, but the primary method one enters and leaves your house. It can leave a lasting impression on your guest if you have a unique, one of a kind door. Within this post we want to show you some examples of some of the most beautiful doors in the world and to expand your imagination of its incredible possibilities of style and color.

Law office in Dubin

The windows give this door an added touch of elegants.

The blue gives this door a contrast with the beige walls

A work of art with all the colors: Green, yellow, and a touch of orange.

A used door that color faded a bit. The lock adds another element to its character.

Wonder style, and this door gives you a

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The Right Mix for a Headache-Free House Fixing

Posted on: January 27, 2011

Categories: How To

Author: lbuen

House Fixing – Riskier But Richer
The higher the risk, the higher the yield. This is one of the general rules in investing, and it applies very well even in real estate investing.
Retailing in the housing industry presents to the real estate investors substantial profits that are far heftier than wholesaling. This is because you can increase the value of the property by rehabbing. However, conforming to the investing precept just mentioned, rehabbing also brings greater risk because it requires more capital to fund the house fixing. It is thus, vital that the project be carried out properly. You need to buy the right property with the right repairs, hire the right contractors and fix the right contract for a headache-free house fixing project.
Buying The Right Property for House Fixing
While a property selling below 60 percent of

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FHA 203K Loans and How Real Estate Investors Can Benefit From Them

Posted on: January 24, 2011

Categories: Buy, Fix, How To, Investors

Author: lbuen

These days, getting funding for your handyman specials from hard money lenders are getting harder as their requirements become more rigid. Traditionally, getting funding from these private lenders was almost as swift as their speed of driving by the property involved in the deal for inspection.  At the present real estate climate, however, many of these lenders may check on the tax returns, bank statements and current pay slips of borrowers. For this reason, some REI’s may be seeking for other financial fountainheads to fund their deals. Usually in their search for alternative source, they give Federal Housing Administration’s 203K loans the brush-off.

Giving 203K Loans A Second Thought

Ever since the Department of Housing and Urban Development set down the moratorium on investor involvement in the 203k Rehabilitation Program, ethical REI’s avoid this loan program lest they be… Read the rest

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Property Flipping: The Good, the Bad and the Ugly

Posted on: January 21, 2011

Categories: Buy, Fix, How To Sell, Investors, Profit, Residential House

Author: lbuen

Property Flipping – The Good

These days, the term “property flipping” or “house flipping” carries illegal or fraudulent undertones. It used to just innocently mean buying a property or house below market value or at a discounted price from a motivated seller and selling it quickly with little to no renovations done on the property, thus, quickly generating profit. This real estate game plan includes wholesaling, contract assignment and fix and flip schemes. Property flipping is a good starting point for real estate investors as they can generate quick cash using this strategy with little to no money required.

Property Flipping – The Bad and the Ugly

Then unscrupulous and greedy individuals enter into the already topsy-turvy realm of the real estate market and sullied the innocence of the term through their twisted schemes. They buy a… Read the rest

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Speed-Up Retirement Fund Growth Using Self Directed Real Estate IRA’s

Posted on: January 20, 2011

Categories: Buy, Ideas, Investors, Other Articles, Profit

Author: lbuen

With the tremendous earning potential in real estate investing and the velocity of money with which one can rake in earnings doing this business, financial freedom and early retirement could just be on the horizon for many successful real estate investors. If you are one of them, then perhaps, the forecast that Social Security may no longer be able to pay full benefits in the years to come as it is about to run a negative cash flow by the year 2017 is none of your concern. It may not even matter to you if you cannot yet avail of tax-free distributions from your IRA. However, a savvy real estate investor like you can make use of your expertise to accelerate the growth of your IRA. This is through self directed real estate IRA’s.

Self directed IRA’s are a… Read the rest

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4 Great Reasons Why REIs Must Do A Green Rehab

Posted on: January 12, 2011

Categories: Fix, Ideas, Investors, Property Management, Things To Consider

Author: lbuen


Image by lawtonchiles via Flickr

With the growing social awareness of the need to care for the environment, emphasizing the importance of  green living to parry climate change, every rehabber may have toyed the idea of doing a green rehab. So what’s holding you back from jumping on the green bandwagon?

While you think of some excuses why you cannot get involved in green rehab, here is a list of why you should:

1. Let’s Begin With the Obvious: Green Rehab to Help Minimize Climate Change

It is the conscientious thing to do. Since this opens up to a larger topic, and perhaps may spark several arguments, let me leave it to Greenpeace and other tree huggers to expound on it.

2. Do Green Rehab to Cash In on the Growing But Untapped Green Market

The… Read the rest

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Where to Source Your Rehab Funding

Posted on: January 10, 2011

Categories: Buy, Fix, Investors, Property Management, Things To Consider

Author: lbuen

Avalanche of Money Lenders Replaces Customary Lunch with Private Investors

Luncheons with a coterie of investors with deep pockets used to be the avenue that lead real estate investors to the Land of Ready Cash. Today, however, more and more private lending companies are purveying rehab loans to rehabbers and real estate investors who want to renovate their rental properties. The government is also offering rehab funding with terms and conditions varying from city to city.

A real estate investor does not have to go far to look for a rehab loan. Skipping the need for leafing through the menu of the restaurant where private investors’ money were used to be raised, a cash-hungry real estate investor can instead browse the Internet for a list of lenders for this kind of loan. For the newbie, however, selecting the lenders… Read the rest

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6 Ways to Legally Avoid the EPA’s New Lead Based Paint Renovation Laws

Posted on: November 13, 2010

Categories: How To, Ideas

Author: buyfixandprofit

6 Ways to Legally Avoid the EPA’s New Lead Based Paint Renovation Laws

Should you be afraid of trying to comply with the EPA’s new lead based paint laws?  I have heard several real estate investors offer up many different opinions on this topic.  Based on the fines involved, I would not willfully violate these laws whether you like them or not. The six ideas presented below are derived directly from the EPA’s FAQ website.

The good news is that only one in four homes built after 1950 has lead based paint.  Depending on your city, this may not affect you very much.

The first thing you have to do is pay $300 to have your firm lead based paint renovator certified; which is strictly a fee in order to get on the EPA’s approved list and receive an approved vendor certificate.  Then, the newly certified firm has to pay to have their… Read the rest

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