[memb_set_prohibited_action action=show]
David Whisnant
-
Writing Offers That Get Accepted
Some Sellers are so eager to be rid of their property, or so ignorant of its value, that they put a sign out in the yard asking far less than the real worth of the property. In this type of situation, several offers WILL rush in. Many will be from investors, some from people looking …
-
Why You Should Know About FHA Lending Limits
The subject of this article is very important to the investor who wants his rehabs or flips to have the largest possible pool of potential buyers. While I do invest in houses of all price ranges, I have found it easier and faster to sell homes that fall within the FHA lending limits. FHA loans …
-
The Average Appraisal and the Flip
One of the strategies that is in almost every real estate course involves finding a torn-up and ugly property at a cheap price, pay someone $300 to clean out the personal belongings of the prior owners (if you even do that much), and then resell it to a homeowner as a “fixer-upper” with little or …
-
Tax Savvy Investing – 1031 Tax-Deferred Exchanges
This article is meant to be an introduction on the topic of performing tax-deferred exchanges. There are a number of legal hoops that the IRS makes you jump through to complete a tax-deferred exchange, but they are actually not that complicated once you study up on them a bit. A tax deferred exchange allows us …
Tax Savvy Investing – 1031 Tax-Deferred Exchanges Read More »
-
Rehab Scheduling Part II
The next subcontractor is the sheetrock man, who will come in to skim and repair any walls that are in poor condition. I typically schedule him for one week after the electrician and plumber told me that they would be done. He may hang some new sheetrock, or skim areas that are heavily abused. Many …
-
Rehab Scheduling Part I
One of the most common questions new investors have is — “Once I have a property, and once you have found and identified the subs you want to use (covered in my course), how should I go about scheduling the job?” We’ve probably all seen rehab jobs that seem to take forever. I pride myself …
-
Real Estate Owned (REO) Foreclosures and VA/HUD Properties
REO Properties, as I am sure you know, are properties that are owned by banks. The primary reason that they are owned by a lender is that they were foreclosed on and there were no bidders at the foreclosure sale, thus the lender took them back. VA/HUD Auction Properties are properties that had loans backed …
Real Estate Owned (REO) Foreclosures and VA/HUD Properties Read More »
-
Real Estate Negotiation – When It All Falls Apart
One thing that is not covered in much depth by many real estate courses is what to do when you just can’t reach a deal with a seller. Sometimes, you know that you will not be able to. If they have a pretty house in a nice area, and they are not in financial trouble …
Real Estate Negotiation – When It All Falls Apart Read More »
-
Real Estate Investment 101 – Building Face-to-Face Rapport With Your Seller
One of the most common real estate investing concerns that the new investor has is, “What will I do or say initially when I actually get over to a seller’s house?” This is new territory in the beginning for most new investors. With the right training, most people can take the first steps of finding …
Real Estate Investment 101 – Building Face-to-Face Rapport With Your Seller Read More »
-
Pocket Listings – Be an Insider and Profit
One of the most frustrating things early in my real estate investing career was to see a “For Sale” sign go up on a listed piece of property, call the agent that same day, and hear that the property went under contract the day before the sign was even put out. Furthermore, these deals were …
