House Flipping Basics
What is "House Flipping"
As this blog is all about flipping houses, I should probably take some time to define exactly what that means... In it's simplest form, flipping ...
39 comments
The 8 Rules of House Flipping in the New Economy: Part 1
Many people want to know what it takes to be a successful flipper in today's market. It's certainly different than it was a couple years ago (eve ...
15 comments
The 8 Rules of House Flipping in the New Economy: Part 2
In The 8 Rules of Flipping in the New Economy - Part 1, I listed ...
26 comments
Top 10 Lessons Learned on House #1
Anyone who has followed this blog for a while knows that we have gotten pretty good at flipping houses. We are good at estimating rehab costs, st ...
41 comments
Analyzing Flip Deals
The Flip Formula
I've had countless newbie investors ask me how I decide whether or not to take on a flip project. For the most part, what they're asking is, "How ...
29 comments
Calculating Fixed Costs
A previous article discussed The Flip Formula for determining whether or not I co ...
133 comments
Building Your House Flipping Team
Getting Your Real Estate License
I write a weekly guest blog post at BiggerPockets.com, the premier real estate investing website. Chec ...
20 comments
Building Your Investment Team
In real estate investment, a key differentiator -- and often the difference between success and failure -- is the ability to put together a great ...
12 comments
Finding a CPA
If you plan to do more than a single flip (and even if you plan to only try it once), it's important to have a CPA or accountant on your team to p ...
3 comments
The 3 Types of Contractors
Are you looking for contractors? Do you have no idea where to start? The goal of this article to introduce the 3 major types of contractors you' ...
22 comments
Finding a General Contractor
While all investment team members are important, the one most key to actually helping you estimate the costs for rehab -- and then actually comple ...
20 comments
Real Estate Pro? Or No?
One of the biggest challenges real estate investors face is keeping the profits that they earn from their investments. Just like any other busine ...
24 comments
Contracts & Accounting
Accounting & Record Keeping
[NOTE: I get a lot of requests for my Quickbooks Chart of Accounts these days. I have now included the Chart of Accounts as part of the special ...
140 comments
Contracts For Your Contractors
For anyone planning to get into this business (even as a hobby), let me recommend that you have a consistent contract regimen with every contracto ...
20 comments
Independent Contractor Agreements
I write a weekly guest blog post at BiggerPockets.com, the premier real estate investing website. Chec ...
7 comments
Getting Ready to Buy Your Flip
Always Remember: BUYERS BEWARE!
If you buy REOs -- or if you're even considering buying REOs in the future -- you're probably going to want to keep reading. In fact, as one of m ...
38 comments
The 4 Types of Investor Financing
Throughout my investing career, I've spent many dozens of hours talking to lenders and potential financiers of my deals. With all the different t ...
26 comments
Leveraging the MLS
I talk to a lot of people who wish they had access to the MLS. They want to get first crack at the new deals that pop up, they want to be able to ...
8 comments
What Are Contract Contingencies
In this article, I want to talk a about Real Estate Contract Contingencies, what they are and how they're used. For those that aren't familiar, a ...
5 comments
4 Rules for Using Contingencies
In Part 1 of this article, I discussed what Real Estate C ...
9 comments
Top 4 Seller Questions-Answered!
By: Scott Costello, founder of Struggling Investor.com One of the worries for an investor who is j ...
3 comments
Rehab and Construction: How To Rehab a House
Rehab Order of Operations (NEW)
When it comes to managing rehabs, one of the most common questions I get asked -- from both novice and experienced investors alike -- is, "What is ...
24 comments
How I Manage My Rehabs
One of the most common questions I get these days is: "How do you get your rehabs done? Do you use a General Contractor or do you sub-contract ou ...
43 comments
The Myth of "No Rehab" Rehabs
I write a weekly guest blog post at BiggerPockets.com, the premier real estate investing website. Chec ...
0 comments
Making the Right Rehab Choices
I talk to a lot of first-time flippers who ask the question: "When rehabbing a house, how do I know what level of finishes should I use?" General ...
11 comments
Discounts on Materials
Here is a tip for any rehabber who is paying retail for their materials. Whether you shop at Home Depot, Lowe's or any other major hardware outle ...
17 comments
Estimating Rehab Costs
The most common question I get from new investors is to accurately estimate rehab costs for a flip project. While I could spend many, many articl ...
17 comments
Contractor Parties
Here's a quick tip that should help you cut down on the time you spend getting contractor bids... On a typical flip, I use 10 or so contractors, ...
2 comments
6 Rules For Managing Your Contractors
In my opinion, the most difficult aspect of being a first-time house flipper is managing your contractors. Perhaps it's because I came into this ...
11 comments
Better, Faster, Cheaper
There's a popular saying in the technology industry: "Better, Faster, Cheaper -- Pick Two"... Basically, the idea was that you c ...
3 comments
Acquisition Checklist
As a professional house flipper, one of the big requirements of my business is to scale to the point where -- despite only making $15-30K per hous ...
22 comments
Document Checklist
In a previous article, I discussed the process I go through every t ...
11 comments
Final Inspection Checklist
When you go to sell your rehab, it's almost certain that your buyer is going to hire a property inspector to inspect your property for defects and ...
3 comments
Selling/Marketing Your Rehab
Primer: Estimating After Repair Value (ARV) (NEW)
One of the most important aspects of being able to properly and accurately analyze a flip deal is being able to estimate the resale value (the ARV ...
858 comments
Staging Tips - Part 1
My wife has been doing all the staging for our houses these past eight months, and is incredibly good at it. Not just making a house look amazing ...
4 comments
Staging Tips - Part 2
In follow-up to my previous article on home staging tips, here is a P ...
5 comments
Building a Buyer's List
By: Scott Costello, founder of Struggling Investor.com Your buyers list is your black book, it's a ...
11 comments
10 Rules to Improve Your Sales Closing Success
Several times per week, I have investors (often new investors) tell me their horror stories about how they were able to get their flip under contr ...
8 comments
The Closing Process
For someone who is going through a first-time purchase or sale, the process can be daunting. Not only is there a lot to get done, but the order a ...
7 comments
Free 150+ Page eBook!
FREE 150+ Page eBook!!!
EDIT : THIS EBOOK IS NOW PART OF OUR FREE NEWSLETTER GOODIES -- 11 comments
How Best To Grow Wealth
Today, I want to touch on a topic that I assume all of my readers are interested in -- how best to grow wealth. I've chosen real estate investing ...
40 comments
A Better Business Philosophy
When starting out in flipping houses, one of the first questions you'll likely ask yourself is, "What parts of the rehab work I'll be doing myself ...
24 comments
Rich or Wealthy?
Do you make a distinction between being rich and being wealthy? Most people probably don't, but if you're going to invest in real estate (or anyt ...
25 comments
All About Paint (And Processes)
This article is about paint. It's also about the need to create systems to streamline your business. Yes, both of those are boring subjects, but ...
20 comments
Controlling Your Deals
I write a weekly guest blog post at BiggerPockets.com, the premier real estate investing website. Chec ...
3 comments
Real Estate Negotiation Tips
For those just getting into real estate and/or business, it's worthwhile to spend some time getting familiar with basic negotiation techniques, bo ...
19 comments
Market Analysis
Analyzing Real Estate Markets - Part 1
This is the first of what will be many articles on the topic of Real Estate Market Understanding and Analysis. The reason this topic will garner ...
2 comments
Analyzing Real Estate Markets - Part 2
In a previous article, I kicked off the discussion of market analysis ...
9 comments
Analyzing Real Estate Markets - Part 3
In my last article, I identified four of the major contributors to the ...
3 comments
Market Data and Trends
In some previous articles, I discussed the fact that population trends are a key defining characteristic of real estate markets. And, I also point ...
5 comments
Buy & Hold (Rentals) Financial Analysis
All About Leverage
While many of my readers flip houses for a living, I hear time and again how they plan to transition into holding rentals at some point as well (a ...
23 comments
Introduction to Internal Rate of Return (IRR)
I write a weekly guest blog post at BiggerPockets.com, the premier real estate investing website. Chec ...
6 comments
Cash Flow vs Appreciation
As promised, I'm going to devote a couple posts to the financial as ...
5 comments
Cash Flow Analysis
In a previous article, I discussed the two major investing philosophies a ...
13 comments
Rule of Thumb: The 50% Rule
The 50% rule is a rule of thumb to do a very-quick first-pass analysis of a single family investment (rental) property. The rule states that -- o ...
11 comments
Rule of Thumb: The 2% Rule
Here's a great rule of thumb for buy-and-hold investors (rental property owners) who focus on single family houses. And again, this is a good rul ...
31 comments
Rule of Thumb: The Rule of 72
As an investor, you should have some rules of thumb to help you do quick calculations when necessary. Here is a mathematical trick that will help ...
9 comments
Hypothetical Rehab & Rent Example (for Single Family Houses)
In my last post, I discussed the idea of putting together a busin ...
20 comments
Analysis of a “Rent & Rehab Single Family Houses” Business (Part I)
As long as I've now sidetracked into discussing the possibilities of ...
5 comments
Analysis of a “Rent & Rehab Single Family Houses” Business (Part II)
In my previous post, I laid the groundwork for completing a pro-forma financial ...
7 comments
What Controls Mortgage Rates
In a long ago blog post, I mentioned that all my home purchase paperwork ha ...
6 comments
Apartment Financial Principles
Why Cap Rate Is Important
While this site focuses primarily on the acquisition of single family homes (SFH) and not multi-unit properties, discussion of capitalization rate ...
5 comments
What is a Fair Price (for Apartments)
I got a call from another investor the other day...he was looking to invest in apartments and was wondering something: When you're new to buy ...
5 comments
The (Other) Golden Ratio
This article is about the Golden Ratio. You may have heard about the Golden Ratio in mathemat ...
5 comments
FHA 90-Day Rule (POPULAR)
UPDATE FOR JANUARY 1, 2015: If you read the article below, you’ll see that back in 2010, FHA waived the 90 Day Rule. But, as of January 1, 2015, t ...
103 comments
The Various 90-Day Restrictions
UPDATE FOR JANUARY 1, 2015: If you read the article below, you'll see that back in 2010, FHA waived the 90 Day Rule. But, as of January 1, 2015, ...
43 comments
Employee vs. Independent Contractor
As a house flipper, you will likely be hiring a lot of independent contractors to support your business. And I'm not just talking about the peopl ...
8 comments
House Flipping
What is "House Flipping"
As this blog is all about flipping houses, I should probably take some time to define exactly what that means... In it's simplest form, flipping ...
39 comments
The 8 Rules of House Flipping in the New Economy: Part 1
Many people want to know what it takes to be a successful flipper in today's market. It's certainly different than it was a couple years ago (eve ...
15 comments
The 8 Rules of House Flipping in the New Economy: Part 2
In The 8 Rules of Flipping in the New Economy - Part 1, I listed ...
26 comments
Top 10 Lessons Learned on House #1
Anyone who has followed this blog for a while knows that we have gotten pretty good at flipping houses. We are good at estimating rehab costs, st ...
41 comments
Finances
Why Cap Rate Is Important
While this site focuses primarily on the acquisition of single family homes (SFH) and not multi-unit properties, discussion of capitalization rate ...
5 comments
What is a Fair Price (for Apartments)
I got a call from another investor the other day...he was looking to invest in apartments and was wondering something: When you're new to buy ...
5 comments
The (Other) Golden Ratio
This article is about the Golden Ratio. You may have heard about the Golden Ratio in mathemat ...
5 comments
Primer: Estimating After Repair Value (ARV) (NEW)
One of the most important aspects of being able to properly and accurately analyze a flip deal is being able to estimate the resale value (the ARV ...
858 comments
Staging Tips - Part 1
My wife has been doing all the staging for our houses these past eight months, and is incredibly good at it. Not just making a house look amazing ...
4 comments
Staging Tips - Part 2
In follow-up to my previous article on home staging tips, here is a P ...
5 comments
Building a Buyer's List
By: Scott Costello, founder of Struggling Investor.com Your buyers list is your black book, it's a ...
11 comments
10 Rules to Improve Your Sales Closing Success
Several times per week, I have investors (often new investors) tell me their horror stories about how they were able to get their flip under contr ...
8 comments
The Closing Process
For someone who is going through a first-time purchase or sale, the process can be daunting. Not only is there a lot to get done, but the order a ...
7 comments
Analyzing Flip Deals
The Flip Formula
I've had countless newbie investors ask me how I decide whether or not to take on a flip project. For the most part, what they're asking is, "How ...
29 comments
Calculating Fixed Costs
A previous article discussed The Flip Formula for determining whether or not I co ...
133 comments
Building Your House Flipping Team
Getting Your Real Estate License
I write a weekly guest blog post at BiggerPockets.com, the premier real estate investing website. Chec ...
20 comments
Building Your Investment Team
In real estate investment, a key differentiator -- and often the difference between success and failure -- is the ability to put together a great ...
12 comments
Finding a CPA
If you plan to do more than a single flip (and even if you plan to only try it once), it's important to have a CPA or accountant on your team to p ...
3 comments
The 3 Types of Contractors
Are you looking for contractors? Do you have no idea where to start? The goal of this article to introduce the 3 major types of contractors you' ...
22 comments
Finding a General Contractor
While all investment team members are important, the one most key to actually helping you estimate the costs for rehab -- and then actually comple ...
20 comments
Real Estate Pro? Or No?
One of the biggest challenges real estate investors face is keeping the profits that they earn from their investments. Just like any other busine ...
24 comments
Contracts & Accounting
Accounting & Record Keeping
[NOTE: I get a lot of requests for my Quickbooks Chart of Accounts these days. I have now included the Chart of Accounts as part of the special ...
140 comments
Contracts For Your Contractors
For anyone planning to get into this business (even as a hobby), let me recommend that you have a consistent contract regimen with every contracto ...
20 comments
Independent Contractor Agreements
I write a weekly guest blog post at BiggerPockets.com, the premier real estate investing website. Chec ...
7 comments
Getting Ready to Buy Your Flip
Always Remember: BUYERS BEWARE!
If you buy REOs -- or if you're even considering buying REOs in the future -- you're probably going to want to keep reading. In fact, as one of m ...
38 comments
The 4 Types of Investor Financing
Throughout my investing career, I've spent many dozens of hours talking to lenders and potential financiers of my deals. With all the different t ...
26 comments
Leveraging the MLS
I talk to a lot of people who wish they had access to the MLS. They want to get first crack at the new deals that pop up, they want to be able to ...
8 comments
What Are Contract Contingencies
In this article, I want to talk a about Real Estate Contract Contingencies, what they are and how they're used. For those that aren't familiar, a ...
5 comments
4 Rules for Using Contingencies
In Part 1 of this article, I discussed what Real Estate C ...
9 comments
Top 4 Seller Questions-Answered!
By: Scott Costello, founder of Struggling Investor.com One of the worries for an investor who is j ...
3 comments
Rehab and Construction: How To Rehab a House
Rehab Order of Operations (NEW)
When it comes to managing rehabs, one of the most common questions I get asked -- from both novice and experienced investors alike -- is, "What is ...
24 comments
How I Manage My Rehabs
One of the most common questions I get these days is: "How do you get your rehabs done? Do you use a General Contractor or do you sub-contract ou ...
43 comments
The Myth of "No Rehab" Rehabs
I write a weekly guest blog post at BiggerPockets.com, the premier real estate investing website. Chec ...
0 comments
Making the Right Rehab Choices
I talk to a lot of first-time flippers who ask the question: "When rehabbing a house, how do I know what level of finishes should I use?" General ...
11 comments
Discounts on Materials
Here is a tip for any rehabber who is paying retail for their materials. Whether you shop at Home Depot, Lowe's or any other major hardware outle ...
17 comments
Estimating Rehab Costs
The most common question I get from new investors is to accurately estimate rehab costs for a flip project. While I could spend many, many articl ...
17 comments
Contractor Parties
Here's a quick tip that should help you cut down on the time you spend getting contractor bids... On a typical flip, I use 10 or so contractors, ...
2 comments
6 Rules For Managing Your Contractors
In my opinion, the most difficult aspect of being a first-time house flipper is managing your contractors. Perhaps it's because I came into this ...
11 comments
Better, Faster, Cheaper
There's a popular saying in the technology industry: "Better, Faster, Cheaper -- Pick Two"... Basically, the idea was that you c ...
3 comments
Acquisition Checklist
As a professional house flipper, one of the big requirements of my business is to scale to the point where -- despite only making $15-30K per hous ...
22 comments
Document Checklist
In a previous article, I discussed the process I go through every t ...
11 comments
Final Inspection Checklist
When you go to sell your rehab, it's almost certain that your buyer is going to hire a property inspector to inspect your property for defects and ...
3 comments
Mindset
How Best To Grow Wealth
Today, I want to touch on a topic that I assume all of my readers are interested in -- how best to grow wealth. I've chosen real estate investing ...
40 comments
A Better Business Philosophy
When starting out in flipping houses, one of the first questions you'll likely ask yourself is, "What parts of the rehab work I'll be doing myself ...
24 comments
Rich or Wealthy?
Do you make a distinction between being rich and being wealthy? Most people probably don't, but if you're going to invest in real estate (or anyt ...
25 comments
All About Paint (And Processes)
This article is about paint. It's also about the need to create systems to streamline your business. Yes, both of those are boring subjects, but ...
20 comments
Controlling Your Deals
I write a weekly guest blog post at BiggerPockets.com, the premier real estate investing website. Chec ...
3 comments
Real Estate Negotiation Tips
For those just getting into real estate and/or business, it's worthwhile to spend some time getting familiar with basic negotiation techniques, bo ...
19 comments
Market Analysis
Analyzing Real Estate Markets - Part 1
This is the first of what will be many articles on the topic of Real Estate Market Understanding and Analysis. The reason this topic will garner ...
2 comments
Analyzing Real Estate Markets - Part 2
In a previous article, I kicked off the discussion of market analysis ...
9 comments
Analyzing Real Estate Markets - Part 3
In my last article, I identified four of the major contributors to the ...
3 comments
Market Data and Trends
In some previous articles, I discussed the fact that population trends are a key defining characteristic of real estate markets. And, I also point ...
5 comments
Buy & Hold (Rentals) Financial Analysis
All About Leverage
While many of my readers flip houses for a living, I hear time and again how they plan to transition into holding rentals at some point as well (a ...
23 comments
Introduction to Internal Rate of Return (IRR)
I write a weekly guest blog post at BiggerPockets.com, the premier real estate investing website. Chec ...
6 comments
Cash Flow vs Appreciation
As promised, I'm going to devote a couple posts to the financial as ...
5 comments
Cash Flow Analysis
In a previous article, I discussed the two major investing philosophies a ...
13 comments
Rule of Thumb: The 50% Rule
The 50% rule is a rule of thumb to do a very-quick first-pass analysis of a single family investment (rental) property. The rule states that -- o ...
11 comments
Rule of Thumb: The 2% Rule
Here's a great rule of thumb for buy-and-hold investors (rental property owners) who focus on single family houses. And again, this is a good rul ...
31 comments
Rule of Thumb: The Rule of 72
As an investor, you should have some rules of thumb to help you do quick calculations when necessary. Here is a mathematical trick that will help ...
9 comments
Hypothetical Rehab & Rent Example (for Single Family Houses)
In my last post, I discussed the idea of putting together a busin ...
20 comments
Analysis of a “Rent & Rehab Single Family Houses” Business (Part I)
As long as I've now sidetracked into discussing the possibilities of ...
5 comments
Analysis of a “Rent & Rehab Single Family Houses” Business (Part II)
In my previous post, I laid the groundwork for completing a pro-forma financial ...
7 comments
What Controls Mortgage Rates
In a long ago blog post, I mentioned that all my home purchase paperwork ha ...
6 comments
Rules and Regulations
FHA 90-Day Rule (POPULAR)
UPDATE FOR JANUARY 1, 2015: If you read the article below, you’ll see that back in 2010, FHA waived the 90 Day Rule. But, as of January 1, 2015, t ...
103 comments
The Various 90-Day Restrictions
UPDATE FOR JANUARY 1, 2015: If you read the article below, you'll see that back in 2010, FHA waived the 90 Day Rule. But, as of January 1, 2015, ...
43 comments
Employee vs. Independent Contractor
As a house flipper, you will likely be hiring a lot of independent contractors to support your business. And I'm not just talking about the peopl ...
8 comments