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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 »

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 »

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 »

Terri Dobbs Tip: One of the most often asked questions when getting started in small apartments is how to find apartment owners who might be interested...Continue reading »

I got started with real estate back in 2002 and my very first training was in how to buy houses nothing down. It was back before we even had webinars....Continue reading »

Are you a beginner in real estate? If you want to succeed, there is perhaps no activity more important in setting up your own real estate business then...Continue reading »

Let me give you a little story about how I did 70 properties. When I got started, the first time I did it, it was by trial-and-error, brute force luck. Remember...Continue reading »