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You are here: Home / Archives for Finance / Real Estate

Real Estate

Mistakes of Novice House Flippers—Risks vs. Rewards

April 30, 2020 By Cade Hildreth Leave a Comment

House flipping risks are a real, as you can definitely lose your shirt. But done right, so are the rewards. Fortunes can be made.

If COVID has you wondering about getting into the house flipping game, you’re not alone. Plunging real estate prices are catching the attention of investors nationwide.

Given that house flipping relies on picking up properties below market value, the coming months may be an opportune time to get started. [Read more…] about Mistakes of Novice House Flippers—Risks vs. Rewards

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Filed Under: Real Estate Tagged With: real estate

Real Estate is Being Clobbered by the Coronavirus

April 27, 2020 By Cade Hildreth Leave a Comment

Real estate is being clobbered by the Coronavirus. If you’ve been saving up a down payment and preparing to buy in 2020, what should you do now?

The pandemic—and the recession it’s causing—is going to get worse before it gets better. What does that mean for  you?

It means that there will be incredible buying and investing opportunities at historically low prices as this pandemic drags on. 

Here’s exactly how to capitalize and profit from real estate during the Coronavirus. [Read more…] about Real Estate is Being Clobbered by the Coronavirus

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Filed Under: Real Estate Tagged With: Coronavirus

How to Negotiate Lower Rent: 9 Battle-Tested Tips

February 15, 2020 By Cade Hildreth 1 Comment

Do you struggle living paycheck to paycheck? Do you dread each time you have to classify your pay as your “rent check” and turn it over to your landlord? Maybe you simply feel as though you’re paying too much in rent whether you’re able to afford it or not.

If you’re on the fence about moving due to high rent, then it’s time you learn how to negotiate lower rent. Getting a rent reduction is a more convenient option than having to find a new place to live and going through the hassle of moving.

When’s the last time you walked into your landlord’s office and asked if they’re willing to negotiate a lower price? [Read more…] about How to Negotiate Lower Rent: 9 Battle-Tested Tips

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Filed Under: Finance, Real Estate

10 Tips on How to Sell Your Home (For Top Dollar)

January 10, 2020 By Cade Hildreth Leave a Comment

Are you looking to sell your home? If so, your goals are likely a smooth transaction and a top-notch price.

Your home can be one of your most valuable and treasured assets. It’s important that when you sell, you know what to expect. But, if you’re never sold a home before, it can seem daunting. You might not know where to start. [Read more…] about 10 Tips on How to Sell Your Home (For Top Dollar)

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Filed Under: Real Estate

How to Start House Flipping: A Simple 5 Step Guide

December 10, 2019 By Cade Hildreth Leave a Comment

So COVID-19 has you ready to get into the real estate game and wondering how to start house flipping?

Within the Coronavirus thumping real estate markets nationwide, there are going to be some unusual investment opportunities in the months ahead. If you’ve been laid off or furloughed, now might be an opportune time to learn how to flip houses for a profit.

The pandemic—and the recession it’s causing—is going to get worse before it gets better. What does that mean for  you?

It means that there will be opportunities to snag houses to flip at historically low prices as this pandemic drags on. 

Especially if you’re willing to put in some elbow grease—and perhaps rent out your properties for a year or two while the economy recovers before relisting it—you could benefit from rebounding real estate markets when we reach the other side of this pandemic.

Historically speaking, this is how fortunes are made:

You buy during a market recession, fix up the property, wait for the recovery, and sell during the market “rebound.” 

How to Start House Flipping: 5 Simple Steps

If you’re new to the flipping scene, how do you make sure you’re a success and not a sucker? Use these tips to master your first flip.

  1. Find Hidden Value
  2. Start with Cash
  3. Know How Much to Pay
  4. Do Serious Background Checks for Contractors
  5. Make It Universally Appealing

1. Find Hidden Value (Spot an “Ugly Duckling”)

Finding a flip-worthy house is often the most challenging part of any real estate investment. Not all inexpensive homes have hidden value you can bring out with a renovation.

There are two aspects of a house that you cannot change:

  • The location
  • The lot

The key is to find a shabby home in a strong location with enough space to have value.

This is why it’s so important to know your local real estate market. You need to know how a house’s value compares to the value of the homes around it.

You also need to know the trends. Which neighborhoods are on their way up and which are on their way down? Understanding which neighborhoods to watch will help you snag a great deal as soon as it hits the market.

How to house flip with no money

2. Start with Cash

Make no mistake: buying a great flip house is a competition.

One of the best ways to be a top competitor is to have cash on hand. Paying cash for a house can save you thousands. For one, you won’t shell out money for interest or other financing fees.

You may even be able to get a lower purchase price on a home if you pay cash. Buyers with financing make sellers nervous because that financing can fall through at any time or can be associated with delays. If that happens, the sale falls through and the seller is back to square one.

If you’re prepared to pay with cold, hard cash, sellers may accept a lower amount from you to avoid the hassle of a buyer with financing.

How to House Flip with No Cash?

Paying cash doesn’t mean that it has to be actual cash, as in your money from your bank account.

Instead, your cash could come from:

  1. Money Borrowed Against Your Assets – If you own a valuable asset, a great option is to borrow against its value or equity. The best known example of this is a Home Equity Line of Credit (HELOC), in which you can take out a line of credit to access the equity in your home. This is what the wealthy are usually doing when you hear they bought properties for “cash”.
  2. Cash You Borrow from  Friends or Family – Under the right circumstances, your friends and family may give you short term loans with only repayment or a low rate of interest expected in return.
  3. Cash You Borrow from Investors – Investors are people who expect to be paid a return on their money, either as a flat percent (known as a “Debt Partner”) or from getting a share of the deal (known as an “Equity Partner”).
  4. Cash from Hard Money Lenders – This is a loan from a lender who is not a bank, usually an individual or a company. They typically expect to be paid higher rates of return than a bank, sometimes as high as 6-15%. If you use them, you’d better have a lot of upside present within your flip, because they will charge you high interest rates.

Another creative option you could consider is seller financing, in which the seller acts as your lender.

In this case, you pay cash (yes, actual cash) for a small portion of the deal, say 20%. Then, you ask the seller to finance the rest of the sale, paying them the remaining money owned (80%) plus interest over a defined period of time.

  • For example, if you were purchasing a house for $200K, you might pay $40,000 up-front (20%) and then repay $160K to the seller over a 5-year time period at an interest rate of 6%.

In short, with seller financing you buy the property from the seller in installments over time.

If you ever default on these payments, then they can take the property back from you.

If you are intending to flip a property, you could make installment payments to the seller during the renovation period (and for any time you opt to rent it) and pay them back in full at the time of sale.

3. Know How Much to Pay (What is the 70% Rule?)

Negotiating a great deal on an investment property is far more difficult if you don’t how what a fair price is.

A good guide is to use the 70% rule. This rule says you should never pay over 70% of a home’s after-renovation value minus the cost of all the repairs.

For example, let’s say you spot a home in a hot neighborhood. Your real estate expertise tells you that with the right renovations, the home could be worth $400,000.

70% of $400,000 is $280,000. After inspecting the home, you estimate it would cost $50,000 to get the house into prime selling condition. This means you should pay $230,000 or less for the home as-is.

Of course, this involves some knowledge and research. You need to be able to see a home’s potential and know what that potential is worth. You also need a basic understanding of how much you’ll pay for various renovation jobs.

4. Do Serious Background Checking for Contractors

We all know the stereotype that contractors will try to scam you out of money. While there are plenty of honest contractors, you have too much to lose to risk hiring a dishonest one.

After you’ve found and purchased the perfect home to flip, you need to be cautious with your contractor choices.

Do research into each person on your team, from your general contractor to your plumber. It takes extra work, but it will be worth it when you receive quality work for a fair cost.

As you flip house after house, your goal should be to develop relationships with go-to contractors. You want to build trust with each person on your crew.

Not only will they be less likely to overcharge you, but you won’t need to research contractors for every new job.

In addition to these pointers, don’t forget the golden rule when it comes to paying the right price. Don’t have contractors purchase materials and bill you for them. Ask the contractors what you need and buy the materials yourself.

The only exception is when you need rare items you can only get through a contractor’s professional connections.

5. Make It Universally Appealing

We all have our own cosmetic styles when it comes to interior design. Flipping a house may feel like an opportunity for you to exercise your creative chops and try something new.

Seasoned house flipper Jeff Lewis suggests otherwise.

For paint colors, countertops, and other major elements of the home, go neutral. You want something that will appeal to as many people as possible.

When you stage the home, use temporary accessories to bring color into each room. These include pillows, rugs, and decorative pieces. Those items will brighten the house without making potential buyers worry about converting the style to their own.

Even in those pops of color, don’t follow the impulse of matching your own style. You need to think about what will appeal to buyers in the neighborhood.

For example, don’t use trendy colors that are popular with millennials if your flip house is in a neighborhood of retirees.

How to Start House Flipping, Today

There’s something undeniably satisfying about flipping a house. Through your own hard work and investment, you see a shabby shack transform into a proud, elegant home. Done right, the quick gains can be rewarding too.

The tricky part is that every decision you make in your flip contributes to your success or your loss. A Jeff Lewis Flipping Out marathon is a start, but it won’t give you all the knowledge you need to rake in revenue.

The tips above can help you start on the road to success. For more life skills that your parents and teachers probably didn’t teach you, explore the blog.

Related: How to Get Started in Real Estate

Are we connected yet on Instagram? If not, let’s make it happen, because I frequently share real estate tips and tricks.

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Cade Hildreth“As an LGBTQ+ entrepreneur, real estate investor, former USA Rugby Player, and fitness fanatic, I’ll teach you what your parents and teachers should’ve taught you, but didn’t know themselves.” -Cade Hildreth

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⚠️ One of the most important TRUTHS I’ve eve ⚠️ One of the most important TRUTHS I’ve ever learned was this:When you give yourself permission to be yourself, you give other people permission to be themselves.If someone is upset by you being fully yourself — whether that is gay or straight or gender expansive or in a relationship with someone your family disapproves of or anything else — it is sad for them, because what they are saying to you is, “I don’t believe I have permission to do what you are capable of doing.”When you realize this, the only reaction you can have toward them is compassion.Share a “💯” below if you’ve experienced this (or needed this reminder today)...👇🏽
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#lgbtq🌈 #lgbtqpride #queerlife #nonbinary #nonbinarypride #genderfluid #genderqueer #genderbend #trans #transgender #androgynous #androgyny #ftm #mtf #tomboy #tomboys #genderexpression #authenticity #authenticself #authenticliving #trueself #theythem
⚠️ UPDATE: Arkansas' Republican governor on Mo ⚠️ UPDATE: Arkansas' Republican governor on Monday vetoed an anti-transgender health care bill that would've prohibited physicians in the state from providing gender-affirming "procedures" for trans people under age 18.Gov. Asa Hutchinson told reporters that he killed HB 1570 because the bill "would be and is a vast government overreach" and because it would've created "new standards of legislative interference with physicians and parents as they deal with some of the most complex and sensitive matters involving young people."Had the governor approved it, Arkansas would've been the first state in the nation to outlaw gender-affirming health care for trans youth, according to the American Civil Liberties Union.The governor also predicted during his remarks that the state's Republican-controlled General Assembly "will likely override" his veto, noting it takes only a simple majority to do so.Leave a “👏🏽” to show support for Governor Hutchinson or share your thoughts below. 🏳️‍🌈🏳️‍⚧️Source: CNN
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✅ #WorkoutTip: If you’re looking to get a more ✅ #WorkoutTip: If you’re looking to get a more developed and defined chest, a quick bar change from traditional barbell to Swiss Bar can help you hit new muscle fibers and supercharge your gains! 🔥💪🏽Why is this? 🤔1) As you can see, it switches your grip from horizontal (your grip on a straight barbell) to parallel. This rotates your entire arm, including the position of your elbow, shoulder, and all of the attached muscle groups.2) It lets you choose from a wide variety of widths. In this example, I choose the second from the middle grip, but you can work from extremely narrow to really wide.3) The balance/loading of the Swiss Bar feels extremely different than a straight barbell, so your accessory muscles get recruited to work extra hard throughout the path of the lift.Of course, if you add a pause at the bottom of the lift as the Swiss bar touches your chest, it can also increase the difficulty of the lift and introduce a new stimulus.Have you tried a Swiss Bar before? Let me know below... 👇🏽
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Are we connected yet on TikTok? If not, let’s make it happen, so I can share in your world too. 😁
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Looking to add lean muscle mass while dropping bod Looking to add lean muscle mass while dropping body fat? 💪🏽🔥If so, you’re simply not going to beat the BIG compound lifts like the deadlift. 🔥🔥But, since the traditional deadlift puts a fair amount of strain on your lower and middle back, what should you do if you’re training multiple times per week? 🤔The answer? 👀1. Mix Up the Stimulus — The Hex Deadlift shown here is one of my favorite options, because it allows a more upright torso. This both lets you lift more weight and displaces some of the load across your hips and lower body.However, if you can’t access a Hex Deadlift bar at your gym, then you can use a normal barbell to do a...... Sumo Deadlift (wider stance)
... Deficit Deadlift (deeper range of motion)
... Or other variation of your choosing2. Vary Your Rep Range - In this video, I demo a higher rep range of 20 reps. In general, higher reps are associated with greater hypertrophy (muscle size growth).Higher reps will humble you because you’ll have to use less weight, but the muscle gains you experience will make it worth it!3. Amp Up Recovery - The two most powerful recovery tools you have at your disposal are food and sleep. So, how to best use them to your advantage?Consume whey protein and rapidly digestible carbs immediately post workout—and if you went heavy in your workout, then add a casein protein shake before bed too.Then, eat a full meal within approximately an hour of finishing your workout. Focus on consuming protein and carbs, while going lighter on fat.For sleep, nighttime is your anabolic period (i.e., when natural muscle recovery and growth occurs).So, get to bed either at or before your usual bedtime, keep the room ultra dark, and keep it cold enough that you need to be under the covers or you’ll end up shivering.I wear an @ouraring sleep ring and can confirm from personal experience that timing, temp, and darkness all have a huge effect on your sleep quality!Which tip are you going to try first? Let me know below... 👇🏽
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#nonbinary #nonbinarypride #queerpride #genderqueer #genderfluid #genderless #queers #gays #lesbians #tomboys #trans #androgyny #fitnesstips #workouttips
To all my trans, nonbinary, and gender-expansive s To all my trans, nonbinary, and gender-expansive siblings:💙 You are valid.
🤍 You are worthy.
💗 You are loved.Thank you for becoming who you were born to be, because you inspires others to be their true selves too.Always remember: Courage is contagious.Happy #TransDayOfVisibility—
From @qchristianorg:Being visible is important for the movement. For the individual, being visible can mean being one of the 20% of trans people who experience homelessness or the 25% who have been fired because of their gender identity.It could make you one of the 44 trans people who were killed last year for being trans.Being visible means risking rejection and abandonment, facing erasure in the name of religious freedom, being ridiculed, mocked, bullied and misgendered intentionally.It can mean being one of the 41% who, because of all this, attempt to end their lives.
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Fact: Nonbinary bodies are beautiful.There is n Fact: Nonbinary bodies are beautiful.There is no “way” you’re supposed to be, appear, or live.Your body, your form, and how you present is up to you—and you alone.Leave a “💯” below if you agree.👇🏽
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