“REO” stands for “Real Estate Owned.” Lenders give this name to properties they’ve taken possession of as a result of their borrowers’ default. Every lender has an REO department that handles the maintenance and disposition of REO properties. It’s not always obvious how to buy REO properties though. It is
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Everybody loves a good overnight success story, but we all tend to overlook the years of planning, skill building, and experience that position a person for success. The rare few who seem instantly successful when investing in real estate have actually been preparing and building the knowledge to succeed for
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As the co-founder and Managing Member of Rehab Financial Group, LP (RFG), I am proud of all of our employees and the work we do. I am especially proud to introduce you to Brian Augsberger, RFG’s Director of Sales. Brian has been with RFG for almost two years. Shortly after
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With the real estate market on the up-tick, everybody is talking about real estate investment versus stocks. Which is a wiser place to invest your money? It really comes down to personal preference and your comfort with the ebb and flow of the the stock market. Your best course of
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Any time you flip a house, remember that you are making a product for a specific buyer. Whether it’s a single family estate or a row home, you’ll want to have a working profile of the type of buyers you’re looking to attract. In general, the buyer will be determined
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A talented, driven realtor is the centerpiece of a strong house-flipping team. We’ve written about hiring a diligent contractor, working with a trustworthy and knowledgeable partner, and using a speedy title company, but having a savvy realtor on your side is the easiest way to improve your bottom line. You
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Regardless of whether or not there is competition in your local market, if you are willing to go the extra step and work harder than the other real estate investors, you will be able to find houses to flip and get in touch with property owners that have not spoken
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Real estate investing can be very profitable if you’re smart and vigilant. That being said, all investors should be on the lookout for red flags that might signal peril ahead. Steering clear of these dangers along the way can save you time, money, and headaches. Here are a few scenarios
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Borrowing money is a great way to enter the house flipping market. For real estate investors who don’t have the cash on hand to finance a flip independently, funds from a private rehab lender can be used to acquire and improve a distressed property. Even experienced flippers frequently use borrowed
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Partnering with other REI investors is a great way to increase your chances of success when flipping a house. With so many diverse skills needed to be successful, its almost unreasonable to ask a single house flipper to master them all. By including two or more people in your flip
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