Connect with us

Real Estate Investing

5 Ways You Can Win Big At Real Estate Auctions

Published

on

Buying a property at a real estate auction might not be as common as other typical investments but it can be an undervalued purchase that could fetch you solid returns over time. Be it flipping, or fixing or owning the house, real estate auctions can help you access all kinds of options.

1. Consider ALL Your Options.

Buying at a bargain might feel great, but read carefully between the lines – are there any foreclosures on the property? Any legal tussles? All of this would not stand out initially, but if you’re looking to buy a property at an auction, do ample research. Dig into the nitty-gritties of each property you’re interested in before taking your next step.

2. Fixers Work Great Too!

Sometimes spotting a house that requires quite a bit of renovation can put one off. Although, what might surprise you is how you can buy it at a lower price, re-furbish and renovate the place (if done creatively, it won’t break the bank) and sell the furbished one at a higher price. Here’s a post that outlines how you can reduce risk when doing this.

3. Jot Down Your Budget.

Define your investment horizon, estimated costs and how much you can budget for repairs and other accidental expenses. If you need financing, here’s a list of financing partners you can check out.

4. Set Up Alerts.

More often than not, bidders miss out on taking the lead with the first offer. Work with your real estate agent to set up an alert whenever something pops up for auction.

5. Not Sold Yet? Try Again.

If the property you spotted at the auction was not sold, your options don’t end there. Approach the owner for a potential off-the-auction purchase and it might work!

For more information on real estate investing, you can always go check out Phil’s articles on Biggerpockets.

 

Real Estate Investing

Top 10 Black Real Estate Accounts To Follow On Instagram

Published

on

Prev1 of 10
Use your ← → (arrow) keys to browse

From real estate investing to startups, Instagram’s become a goldmine for budding entrepreneurs, offering quick, motivational content across a variety of sectors. 

In our “Top 10” article series, we highlight some of the best accounts in different spaces. In this piece, we highlight the top black real estate accounts to follow.

1. @Mr Jay Morrison

A bonafide real estate influencer, Jay Morrison’s built the Jay Morrison Academy, an Inc. 5000 business that teaches financial literacy. He made history in 2018 when he raised close to $10M in one week for #TREF, the then-largest black-owned real estate crowdfund in the country.

Known for: Jay Morrison Academy, Corner Classes and 

Followers: 414K

Prev1 of 10
Use your ← → (arrow) keys to browse

Continue Reading

Real Estate Investing

Chicago Real Estate Mogul: Here’s How You Flip Houses

Published

on

Chicago-based Sean Conlon is a real estate investor extraordinaire. He started his career in the early ’90s, quickly becoming the top residential realtor in the nation with nine figures in annual volume.

Conlon’s the host of CNBC’s real estate show The Deed. On this show, he helps investors flip properties and intercept the issues that come up along the way. His main advice is to “always have a plan B” and “hold investments for at least five years.”

Considering that “shelter” has yet to be disrupted, real estate to date remains an asset class that will never go out of style.

While many real estate shows make flipping look easy, Conlon’s program, the Chicago Tribune described it, sheds a different light: “A nerve-wracking endeavor where grit is essential and profits are far from assured.”

“Trust but verify,” he says about people and his money. (Good one, Sean.) In this video, Conlon gives some insights into how to become a real estate investment master.

Take a look.

Continue Reading

Real Estate Investing

VIDEO: 4 Myths About Real Estate, Debunked!

Published

on

From bubbles to recessions to risk, there are tons of myths surrounding real estate investments. Fortunately for you (and other WealthLAB addicts), most of them are untrue. In this video, WealthLAB’s investor/author Philip Michael debunks four myths about real estate investing.

(If you wanna know how Philip turned $79 into an eight-figure portfolio, cop a copy of Philip’s bestseller  Real Estate Wealth Hacking: How To 10x Your Net Worth In 18 Months.)

Continue Reading

Trending


Warning: count(): Parameter must be an array or an object that implements Countable in /homepages/28/d742565295/htdocs/clickandbuilds/WealthLab/wp-content/themes/zox-news-child/single.php on line 683
5 Articles Left
Get unlimited access
X

Forgot Password?

Join Us