Posted by Kevin O'Grady, on April 15th, 2010
Welcome back! Are you getting the deals yet? If not, Basic Membership is only $2.99 per month, Silver ($25 pm), Gold ($100 pm) or Diamond ($1,000 pm). The realestate deal alerts and luxury goods deals go straight into YOUR mailbox before anywhere else! Want to be notified the next time we post something? Get the O-GRADY.com RSS feed.
We have a new deal for you! We hold the contract on a never-lived-in home in the Verandah community in Ft. Myers, Florida. Verandah has been master-planned on 1,456 acres along a 1.75-mile stretch of the Orange River. Nearly 70 percent of the community is devoted to open space. Homes here range Continue reading Verandah, FL deal
Posted by Bob Massey, on January 5th, 2010
The stories keep coming in and time after time flipping property is being legitimized. I guess after a rash of blaming flipping for everything, including causing the foreclosure crisis, people are realizing that their convenient scapegoat is actually a valuable good that needs to be done to alleviate the housing market Continue reading Trends in House-Flipping
Posted by Kevin O'Grady, on October 13th, 2008
Aside from the obvious financial rewards that go along with real estate investing and flipping houses there are a few more abstract benefits that can be gained when you embark on a house flipping adventure if you are looking for a little more incentive to get going in the direction Continue reading Advantages of Flipping
Posted by Kevin O'Grady, on October 11th, 2008
All new things can be a little frightening or intimidating at first glance. The same is definitely true when it comes to flipping houses. Many people feel several times during their first flip that they have gotten in over their heads. The truth is that you will have to do more than a couple flips to get comfortable with the process. Most people make very little, if any real profit on their first flip and write it off as a learning experience only to enter into the next flip with newly learned lessons and a positive attitude. Learning the ABCs of flipping houses is a great place to begin and can help you avoid costly mistakes made by many first time flippers. 1) Appraise. You need to have a proper appraisal performed on the house you intend to flip and compare it to other houses in better condition and of similar size and style within the neighborhood. You do not want to buy the best house in the neighborhood, in fact it is best if you can find the neighborhood eyesore and turn it into a competitive house for the neighborhood in order to get the most for your money. More importantly you want the appraisal to show the actual value of the home right now as compared to the price you are paying for it and ask the appraiser what the home might be worth the with improvements you are planning to make. 2) Bold Moves. Sometimes it takes bold moves to make the impression you want to make. The decision to flip houses is a bold move in and of itself and while you do not want to necessarily enter into risky waters you do not want to play it too safe either. Be cautious with your financing and guard your expenses and your budget well but make the changes that will catch the eye of the next owner for the property. 3) You must have a can do Attitude. You absolutely must have the confidence and believe that you can do this in order to get it done. A house flip is not an undertaking for the timid or those that lack self-confidences. You must stand up to the contractors, inspectors, and vendors in order for you to Continue reading Flipping Houses
Posted by Kevin O'Grady, on October 7th, 2008
Everyone knows investing in real estate is one of the most effective ways to accumulate wealth quickly, especially when it comes down to not needing a lot of capital to do so. However, this all depends on how creative you are. Traditional real estate investing by definition involves the purchase, Continue reading Creative Financing
Posted by Kevin O'Grady, on October 6th, 2008
Worried about the future of the current real estate market? This is actually the best time to make money investing when you understand what is going on in the real estate markets right now. Real estate is cyclical and always has been. There was a large national article published that stated Las Vegas real estate had completely capped out and there was no place for it to go but down. Ironically, that article was published nearly half a century ago! Has real estate gone up in value in Las Vegas in the last 50 years? You bet, and not just a little! Does this mean real estate markets are going to continue to increase like the past several years? Don’t plan on it, however I’ll explain the benefit of this type of media coverage and how it is invaluable.
- The fear it creates scares a lot of people keeping them from investing thereby, creating more opportunity for you.
- It eliminates aggressive scam investments (as we saw rampant with builders in Florida and Las Vegas the last few years).
- People begin to question the value of their property and that creates more flexible selllers.
Here is something to consider: do you know any ultra successful real estate investor that is afraid of flat or declining house prices? Quite to the contrary, Continue reading Profit In Today’s Market
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