Using Social Media to Raise Capital

raise capital social media
People love to hear inspirational stories and they love to hear about other people’s success. Most important of all, they love drama Why do you think reality shows are so popular? Earlier I posted about the power of networking to raise capital. I mentioned how this was a people business and it is vital to get out there and meet people that can become resources for you. Social media is just a...
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It Takes a Track Record to Raise Capital

real estate track record
Track records in any business are important. It gives you a gauge on what the business is doing and whether or not it’s profitable. Before I invest in anything or buy anything I want to see the business or product track record or testimonials. This will give me the info I need to move forward. The same applies in real estate. Many out there make claims about how many deals they are doing, the b...
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Slow Closing Best When Acquiring a Fix and Flip

slow closing Phoenix fix flip
As cash buying fix and flip investors it's imperative to make money when we buy, not when we sell. Our business is to acquire undervalued, distressed properties from wherever we can get them, including: Wholesalers Realtors Trustee's Sales Attorneys Referrals Typically when we purchase properties from wholesalers they want us to close fast. I mean really fast (10 days or less). Y...
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Raising Capital Through Networking

raising capital through networking
In an earlier post I went over the four different ways to help you fund your fix and flip projects: Hard Money Lenders Private Money Self Directed IRA/401K Love Money So how do you get to that money? You will have to become a relationship builder. The fix and flip game is a people game. Even in the rehabbing stage you have to manage your contractors. So if you don’t possess this...
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Flipping Phoenix Houses in Milwaukee, Wisconsin

Whitefish Bay House
They say long distance relationships never last. I’m not sure who “they” are, but that’s what they say. In 1994 I moved from Phoenix to Denver for better paying job as a news cameraman. At the time my girlfriend and I had been dating for about three years. I knew when I accepted the position that it would test our relationship. We agreed if things were going well (with us and the job) after ...
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The 14th Street Project: Before Video

Manny Romero Marty Boardman
Finding profitable fix and flip deals in Phoenix is no picnic. There’s a tremendous amount of rivalry out there and rehabbers that are happy to earn paper-thin margins regularly outbid us. On one corner near my house in Gilbert there are three different bandit signs. These are wholesalers that all use the same technique to find distressed sellers. That’s some fierce competition. Needless to ...
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How to Be a Phoenix Housing Market Detective

Phoenix housing market detective
There’s more to fixing and flipping houses than knowing how to pass a rough electrical inspection or picking out the right color granite counter tops. If you’re going to have sustained success in this business you need to know how locate and understand information about the market, as well as the property you’re considering buying and its history. I’m presented distressed real estate deals at l...
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4 Ways to Fund Your Fix and Flip Deal

fix and flip funding
You’ve done your due diligence, checked your numbers backwards and forwards and after all your research you determine you have a smoking deal. What now? How are you going to fund it? You’ve probably heard that you can play the fix and flip game with no money out of your pocket, yet you’re faced with the dilemma of having this excellent opportunity and no money to pull the trigger on it. B...
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An Essential Research Tool for the Phoenix Housing Market

Phoenix housing market
There are hundreds of books about how fix and flip houses (shameless plug but I wrote one of them, click here to buy). Nearly every TV network has a show about fixing and flipping. If you live in Phoenix, or any other large city, no doubt you’ve heard radio ads for gurus offering “free” weekend workshops or investor “kits” to help you learn about the business (for what it’s worth there are no k...
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Why IKEA, Fixing and Flipping Houses are Alike

IKEA Fixing and Flipping
I love IKEA! Why? Because IKEA makes me look like a master craftsmen when I see the finished product I just built. Although there are specific and detailed instructions to get to the finished piece, there is a small step that most people miss because it’s not numbered. That step is the little diagram that tells you how many pieces there are and what tools to use to complete the project. Y...
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