Q: If I am looking at a multiunit to flip to an investor, how to do I determine what to offer my buyer? Terri Dobbs: If you are asking how to price the unit, before you do any deals you need to do your analysis. Look at it and make sure the financials are okay. If you are wondering what to offer as a flip fee, real estate entrepreneur Lance Edwards advises that you start...Continue reading »
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Ron LeGrand In our last article, I dealt with locating prospects by using a Virtual Assistant to call FSBO ads. I said that’s pretty much all we do here and can’t keep up with the leads they generate. In this article, we’ll discuss how to determine if it’s a suspect or a prospect and quickly determine which need called and which need trashed. It all begins with...Continue reading »
Justin Colby is the author of the best-selling book, The Science of Flipping. Justin Colby is no stranger to building wealth in real estate by wholesaling...Continue reading »
Lance Edwards, President, First Cornerstone Group, LLC. One of the most important steps to remember when building your own real estate empire is to use other people’s money. I can’t think of a better example of this than the actions of two of my Circle of Champions members, Denon Williams and Carrie Warren. These partners from the Carolinas had zero real estate...Continue reading »
Lance Edwards, President, First Cornerstone Group, LLC. If you’re familiar with wholesaling houses, let me make a comparison and a contrast of houses versus apartments. First of all, on houses, whenever you wholesale any kind of asset, you have to first determine what the value of it is. On houses, the value is based on comps. You do comparisons, comparables, what do...Continue reading »
Ron LeGrand By Ron LeGrand, Expert Panelist – Last article, I said we were going to spend the next few issues going through an ACTS or sandwich lease-option...Continue reading »
Joanne Musa By JOANNE MUSA — One way to get multifamily properties is to find tax defaulted properties at a tax deed sale. Here’s an excerpt from...Continue reading »
In this Q&A Video, real estate investor Lance Edwards addresses a query about flipping and wholesaling apartments in New York City. Dave writes: I live in New York City where the house prices are in the Twilight Zone. Should I still try flipping here, or should I look outside the city or state? See below to learn what Lance advises Dave on apartment flipping in New...Continue reading »
By AL AIELLO — LLC’s have all of the legal benefits of a corporation; yet all of the excellent tax advantages of a general partnership; yet avoid the legal disadvantages of a general partnership, yet avoid the tax disadvantages of C corps, S corps and LP’s, including avoiding the legal complications of LP’s and legal constraints of S-corps. More specifically...Continue reading »
BY SCOTT GINSBERG (MyNameisBlog.com) — I judge people by their vocabulary. I believe we are revealed in the language we create for ourselves, especially...Continue reading »