The concept of buying and selling real estate properties, or flipping, is indisputably one of the surest means for the accumulation of wealth.  Although the strategy involving flipping is itself short term in nature, it is not a get-rich-quick idea.  Garnering a sizable real estate portfolio is a process that can take anywhere from a few years to many years.  Currently I’m focusing on building my cash reserve using wholesaling.  After which, I’ll focus on buy and holding to accumulate wealth. 

 The patient and diligent investor who applies a well-defined and systematic approach over time will enjoy a high probability of earning above-average returns for his or her efforts.  As a real estate investor Read the rest of this entry »

In order to be a successful real estate investor, you need to assemble a winning team of professionals.  One of the most important relationships you will have will be with your real estate agents.  Top-producing real estate agents are vital elements of your winning team of professionals.  You should plan to include as many of them as possible on your team.  If an agent knows you are a serious buyer, he or she will work to bring you the types of deals you are most interested in.  As the investor, you must establish predetermined criteria that meet your investment objectives.  The better your sales agents understand exactly what you are looking for, the better they will be able to meet your investment needs. 

If you limit yourself to just one agent, then you have only one set of eyes and ears on the lookout for good deals to bring to you.  On the other hand, if you enlist the aid of several real estate agents Read the rest of this entry »

Nearly every home has some type of mold in it.  There are over 100,000 types of molds in the world.  Some molds produce secondary metabolites that produce toxins which are very dangerous to your health.  We may be unaware we are breathing mold spores and toxins until we develop health problems. 

I am not a mold expert and I’m not trying to educate you on mold.  As for being a real estate investor myself, I pay special attention to homes with excessive amounts of mold.  Read the rest of this entry »