First Tour of the cup cake flip, a small single family in Mattapan. Check it out and stay tuned for more!
In this quick VLOG I tackle the state of the Boston Real Estate Market in 2018 for Buyers, Sellers and Renters. It’s a crazy market out there and you need to know what your doing in order to succeed in this market. Rents are through the roof, values continue to soar as bidding wars have become the norm for buyers. Despite this obstacles there is still hope! With the right strategy you can master this market and come out on top. I share my tips and insights on how to do this in this quick VLOG. Stay Tuned For More!!!
When it comes to flipping houses, it is very easy to get caught up in all the possibilities and potential of what can be done to transform a home. While it is great to visualize what can be done, you must control your emotions in order to ensure you don’t over invest in the property . To avoid this, the key is to maintain your focus on optimizing your investment in the property so that you put in just enough to get a the maximum return. You never want to over invest in a property, but you don’t want to under invest in it either. As a new investor, it is important that you understand what buyers are looking for in a home so that you can ensure you make the right improvements based on buyer’s needs. It’s a tough balancing act when you first start, but with the help of an experienced contractor, designer, real estate agent or mentor, you’ll be able to acquire this skill and start building your business the right way.
Real Estate agents can be of great value to real estate investors. Form finding off market deals to running comps and helping to sell for top dollar. Some investors and investment gurus view real estate agents as the enemy and it just doesn’t make sense. Investors and agents make a great team.
Many Investors think that foreclosures present the best buying opportunities but in Boston there aren’t many. As a result, Short Sales present the best buying opportunities. This is a tour of a South Boston short sale that will be gutted and completely restored. Stay tuned for more videos of the project as the home is transformed.
When it comes to financing the purchase of real estate, many investors opt for hard money over traditional financing. The advantages of hard money include, quick closing, easy access to capital, minimal down payment based on the value of the asset and no credit check. The downside is high interest rates and it’s only a short term loan. While traditional financing offers lower rates and better terms, it is much tougher to qualify for a loan, and the process can take a months instead of a few weeks. When it comes to purchasing properties quickly hard money is your best option. Many investor use hard money to acquire properties and then refinance to a traditional loan if they plan on holding a property long term. It’s the best of both worlds.
Basic Skills Needed To Flip Houses
written by Robert Nichols
Many new investors gravitate to flipping houses because they think it is a quick way to make easy money, but in reality, there is nothing easy about it. Flipping homes starts with education and acquiring the skills you’ll need to be successful. These skills include, marketing to finding deals, financing, contract negotiations, construction management, design, analyzing deals, marketing a property to be sold and numerous other skills that will be required to overcome unforeseen obstacles along the way. There are tons of free resources online to get educated on the process and a good place to start is http://biggerpockets.com.
When it comes to flipping houses, the most important part of the process if cultivating your exit strategy. This will enable you to hedge your expectations and keep your emotions in check. It’s easy to get caught up in the hype and income potential, but thinking about your exit strategy will bring you back to reality. Working on your exit strategy will enable to think about both the best case scenario and the worst case scenario so that you are ready to handle any unforeseen circumstances. While its great when everything goes right, it’s even better to prepared when things go wrong. The last thing you wan to do is scramble around trying to figure things out on the fly. Plan ahead and proceed with confidence. This is one of the key principles to real estate investment success.