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Author: Marty Boardman

How to Build an All-Star Fix and Flip Rehab Team

I buy everything online. And I mean everything. Paper towels. Light bulbs. Taco sauce. Running shoes. Dish soap. Beach chairs. Dress socks. But, it wasn’t always like that. I used to be afraid of online shopping. In the beginning, my fear was tied to my bank account. I was worried that someone would steal my credit card, or worse, my identity. I’d heard the Internet was an unsavory pla...
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16 Reasons Fix and Flip Investors Need MLS Access

What if I told you that there was a database full of valuable real estate information that could earn you hundreds of thousands, and possibly millions of dollars? How much would this be worth to you? What would you be willing to do to have access to this precious data? Your Local Multiple Listing Service (MLS) Nearly every town and city in the United States has a local multiple listing ser...
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Are You Controlling Your Rehab Budget Or is it Controlling You?

The sound of the kitchen drawer closing was all it took. Then, fear. My brother and I would race to our room and hide under our beds. And my Mom, she would follow close behind with the dreaded yellow plastic spoon. Used primarily to stir up the chocolate cookie chip dough, this innocent little kitchen utensil quickly became a weapon of mass destruction whenever my brother and I misbehaved...
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You Don’t Need Money to Fix and Flip Houses (If You Have This)

He sat in the back of the room. While the instructor explained the foreclosure process to a packed class full of Realtors, this man quietly leafed through a large stack of papers. My curiosity got the best of me. So, during the break I pulled the guy aside and asked him why he brought a mountain of paperwork to a continuing education course for real estate agents. It turned out to be one ...
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Are You Flipping Houses For You or For Profit?

I see it all the time. A turquoise painted kitchen… A balcony and staircase (in a spare bedroom)… Mushroom cabinet hardware (not mushroom-colored, but hardware with actual pictures of mushrooms on them)… A garage access door cut into the wall of the master bedroom closet… In each of these houses, the owner projected their own sensibilities (style, function, or both) ...
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The 70% Rule and Why You Should Break it 100% of the Time

If you’ve spent much time studying the business of real estate investing, specifically fixing and flipping houses, then you’ve probably heard of the 70% rule. It goes like this… If the after repair value (ARV) of a distressed home is $100,000, then you should never pay more than $70,000. In other words, your purchase price should not exceed 70% of the ARV. This is what “they” call the 70%...
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How to Know if You’re a Wholesaler or Fix and Flip Investor

He was angry. And who could blame him? This man was going through a very stressful experience. Behind on his mortgage payment and facing foreclosure, no doubt he’d already received dozens of phone calls from his lender. Followed by an endless stream of letters from distressed property buyers offering to pay cash for his house. So when I knocked on his door and asked if he was intereste...
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Why You Must Have This Before You Start Fixing and Flipping Houses

They all looked so… Desperate. Tired too. As the speaker, slickly dressed in a dark blue suit and matching tie, addressed the half-full room I could feel the sales pitch rapidly approaching. I recall looking around at the attendees. Could any of them really afford the real estate investment program this guy at the front of the hotel conference room was about to sell? Probably not...
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The Best Real Estate Investment Advice Ever

I've done a lot of dumb things. I've said a lot of dumb stuff, too. As a matter of fact, most of my day is spent just trying not to say, or do, anything dumb. For example, my wife once sent me to the grocery store for a ham hock. She needed it for a dish she was preparing. I circled the entire meat department at least three times. The butcher, sensing I couldn't find what I was looking for, ask...
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Non-Permitted Work: A Fix and Flip Investor’s Nightmare

My spider senses were tingling. Something didn’t feel right. It didn’t look right, either. The house, located just east of the Milwaukee airport, had a lot of curb appeal. The sky blue vinyl siding was brand new. And the roof was flawless. The houses on each side, and across the street, were adorable. The price was definitely right. But, stepping inside the cute little Cape Cod style home...
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