Everything Else

I read an article off of 24/7 Wall St. that listed the six states that had the best profit margins when doing flips. They focused on states that had a gross profit of at least $80k. With margins like that, There is room to jump in and do some wholesale deals via assignments or double closings all day long. The six states on this list were:
1. Massachusetts
2. California
3. Maryland
4. New Jersey
5. New York
6. Washington
The profit in these states ranges from $89k-103k.
According to the article, investors bought 156,000 properties in the U.S. in 2013 with an average profit of $58k. You can read the rest of the article here http://247wallst.com/special-report/2014/01/30/the-best-states-to-flip-a...
Happy Hunting.

Some people feel that the more insulation you put in an attic the better and the warmer your home is going to be. This sometimes can be more detrimental to the situation because you have Improper venting in unconditioned spaces. There are two different kinds of ventilation- one is for living spaces and the other is for unconditioned spaces. Ventilation of living spaces is designed to remove excess moisture from sources such as kitchens, bathrooms, and close dryers. Replace still, polluted air was fresh air. This helps to maintain good indoor air quality.

Here are some facts about insulation that I found very helpful and beneficial, I hope you find them helpful as you evaluate your properties. The purpose of insulation is to slow the rate of heat transfer. This is true in both hot and cold climates. In cold climates, we are trying to stop the flow of heat out of the building. In hot climates, we are trying to slow the movement of heat into the building.

Fortunately, insulation works in both directions.

When you walk through your properties a lot of times people feel like a crack in the cement is a very serious situation. Cement slabs may settle with or without cracking. The implications may be trivial or significant. Tapping on the floors for hollowness below will tell you whether there is erosion or missing fill below the slab. This can occur when there are underground expensive soils which have dried out and shrunk. It can also occur where the slab is on organic material that is decomposing, or the subgrade material was disturbed and is re-compacting.

A Common problem in newer homes is cracking ceramic tile floors. This is not a structural problem but a failure to recognize that titles cannot tolerate much deflection without cracking. The subflooring should be more rigid to prevent cracking. If the ceramic tile has been laid properly and with proper backing ceramic tile should last for several years. The subfloor composition can sometimes be determined by lifting floor heating or cooling registers. Other floor openings may also allow checking the subfloor. Ceramic tile is less likely to crack if supported properly from below the floors surface.

I don't recommend using that site unless you want to be banned for miniscule reasons every 30 minutes that really make no merit to the reporters claim that you are violating any terms of service...YES they say no solicitation BUT in all actuality the ONLY solicitation I was ever involved in were connecting with other buyers and wholesalers who THEY THEMSELVES said they were looking for JVs and people to network and work with...And since its a place of networking why isn't that I cant use that site to build my buyers list.

Here is a simple outline for those that are trying to get in their mind the assignment process.

1. Have a good buyer's list.
2. Find a good agent or agents.
3. Find properties that have repair needs, a motivated seller and are vacant.
4. Make your offers in the name of your LLC and/or Assigns.
5. Get a house under contract.
6. Contact your buyers with the info on the house.
7. Schedule your buyers to see the properties during the due diligence
period.
8. Sign an assignment contract with a buyer.
9. Get all paperwork to the title company.
10. Pick up your check.

This list is a general outline. There are other details within the steps. However, this should help give you a better understanding.

Properties converted to rental units have been a major force in real estate market improvement the last few years. Cash investor buyers, including institutional and major investors like Blackstone Group, have been buying properties in bulk for rental investing. A lot of this activity has been focused on “fix-and-flip” investing. The property is purchased in poor condition, fixed up and then sold as “rent-ready” to another investor.
This strategy has worked well for many, with a steady supply of tenants and rising rents making it lucrative. Passive investors who want to become landlords find the availability of a “turnkey” rental unit very appealing. However, let’s take a look at how one “turnkey” or “rent-ready” unit can be a better investment than another.

Hello Everyone,

Welcome to 2014 its going to be a great year for me and I know it will be for all of you as well. As we keep getting the numerous amounts of information giving to us we sometime forget to know the basics. I found this cool little article my AJ Smith that recaps some important terms we all need to know and understand as investors. The better your vocabulary the more informed you will be. Mostly I put this article out for our new investors that joined the DG family. I hope you all take advantage of the great people, coaches, investors, education around you.

15 Real Estate Buzzwords Explained
Credit.com By AJ Smith January 24, 2014 8:00 AM

As investors we can sometimes find ourselves going over and over things to make sure we’re not making any mistakes. In addition, we lose sleep and stunt our progression in the process. My advice is don’t sweat it. For instance; when you are out looking at a property you start thinking about what you could do with it. I’ll make it a rental, I’ll do this with this, I’d take that wall out, I’d remove that tree it’s ugly and so on and so forth. Unless YOU are doing the rehab there’s no reason to sweat that stuff. It’s up to your buyers not you to determine what is going to happen with that tree, wall or bathroom. Run your numbers and get the information to your buyers, but don’t sweat what they’ll do with it. That is their decision.