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Real Estate Investment News & Blog

How to Totally Avoid the Dreaded Dealer Status When Flipping Houses

When you get into “selling” scenarios (like wholesaling, retailing, options, lease options), the IRS may try to classify you as a “dealer.”

Being tagged as a dealer could be a financial disaster because, unlike an “investor,” you are subject to the highest ordinary income tax rates, plus self-employment taxes, and possibly….

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Real Estate Investing: How to Get Started

You recognize that today’s real estate investing opportunities are the best that we have experienced in many years. But real estate appears to be so complicated and so risky that you never do your first deal.

How can you avoid the mistakes and risks associated with being a new real estate investor?

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The Biggest Mistake Real Estate Flippers Make

The biggest mistake most flippers make can be so easy to avoid, yet so costly when it occurs. Newbies and veterans alike make it, and unfortunately, flippers rarely recognize it as a mistake at all. Instead, they tend to blame the economy, the market, or just plain bad luck.

But this mistake has nothing to do with outside factors like the economy and everything to do with….

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Is Flipping Houses Ethical?

If you define flipping as buying a dilapidated property, completely renovating it and then reselling it, then such a noble act as turning a neighborhood eyesore into a beautiful home is hardly an ethical question.

Flipping houses is perfectly legal as long as there is no fraud involved. But there is the other side of the coin, and law and ethics can be two very different things…

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9 Ways to Eliminate Real Estate Investment Risks

Investing in real estate can be a little scary at times, especially for beginners. But real estate investing doesn’t need to be risky in order to provide tremendous returns.

Don’t let your fears hold you back from jumping into the very best real estate market we have seen in decades. Instead, use these 9 steps to minimize your risk and feel good about your real estate investments.

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Are You Ready to Create Cash Flow Now?

Real estate has historically created more wealth than any other investment platform. This exchange or transfer of wealth has happened over and over again and most clearly during the tough economic times of recession.

I believe we are experiencing the greatest transfer of real estate wealth of our generation. Understanding the dynamics at play in the current market and how to position to leverage the voids in the market with low downside risk is the key to your wealth and income.

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Wholesaling Real Estate: The New Virtual Trend

Wholesaling is a great way to get started into real estate because it does not require good credit and takes very little money to get started. Wholesaling has allowed me to escape my “Corporate America” job.

I wholesaled in very high volume for a few years, which created a nice income stream to replace the salary from my job.

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Wholesaling Real Estate: 4 More Ways to Find Motivated Sellers

This article completes our series on “wholesaling” real estate. So, I’d like to give you a few more ways to get wholesaling prospects. If you are wholesaling real estate, you need to know how to find motivated sellers. Here are a few ideas that cost a little money, but bring results much faster.

Then, let’s talk about the four most important questions you need to ask your prospects…

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Wholesaling: How to Find the Right Kind of House

If you live in a major metropolitan area, like I do, it will be very hard to drive all over town to look for houses. For me, it can take an hour to get from one side of town to the other. You’ll quickly find that you are spending more time driving than actually looking at houses or talking to motivated sellers. Don’t confuse busy work with productive activity.

You should get to know your farm area like…

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9 Essential Clauses for Your Purchase Agreements

I found from experience that if I don’t close the seller at the first meeting, the chances of getting that deal are small. That’s why it’s important to do everything possible to get a signature at that first meeting.

Here are some examples of some clauses to incorporate into your real estate Purchase Agreement. Get it reviewed by an attorney or title company to make sure it complies with your local laws and modify where necessary.

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