How to Find a Great Deal on an Investment Property

I have purchased over 130 flips and 18 rental properties in my real estate career. In the last year, I have bought close to 30 flips and 2 more rentals. I get a good deal on every single property I buy. In fact, I get a great deal. In order to flip houses, I stick pretty close to the 70% Rule, which states that you must buy a house for 70% of the after-repaired value, minus the repairs. If a house was worth $200,000 after I spend $20,000 to fix it up, that means I can only pay $120,000 for

The post How to Find a Great Deal on an Investment Property appeared first on Invest Four More.



from RSSMix.com Mix ID 8230732 http://ift.tt/2yAgBV3
via IFTTT

Comments

Post a Comment

Popular posts from this blog

6 Types Of Mobile Home Buyers You May See While Investing

Image
Below is a short list of people/companies that may be competing with you in your area. These competitors want to lock up or purchase investment mobile homes before you can help these sellers and provide them alternative options. It should be your goal to reach every seller as quickly as possible. Aim to become well-known […] from RSSMix.com Mix ID 8230732 http://ift.tt/2D8gtyx via IFTTT
Read more

Serviced Accommodation | Tenant Profile and Tenancy Agreement

As you would the agreements that need to be in place for the serviced accommodation investment model are a lot more complicated than with other types of buy-to-let. Today Rob and Paul discuss tenants, tenant profiles, tenancy agreements and contracts that Residential Estates use with their investors and landlords. Introduction To Serviced Accommodation In Conversation […] from RSSMix.com Mix ID 8230732 http://ift.tt/2pTV83Q via IFTTT
Read more

House Flipping Case Study: Making $60,000 on an Ugly House!

Last year, I bought a flip that one of my coaching students called the ugliest house he had ever seen. I will admit the house was ugly and needed a lot of work, but it was also cheap. Not only was the house ugly, but it also had a number of other features I had never dealt with before, like a flat roof and concrete walls. This flip was a challenge, but in the end it worked out much better than I thought. I hoped to make $30,000 to $40,000 on the deal but ended up making $60,000 thanks to The post House Flipping Case Study: Making $60,000 on an Ugly House! appeared first on Invest Four More . from RSSMix.com Mix ID 8230732 http://ift.tt/2s3e1Rb via IFTTT
Read more