Podcast: “Predict Market Crashes and Profit From a Recession” with Steve Pollack

In this Respect The Grind podcast episode, host Stefan Aarnio has a spirited (often hilarious) conversation with Anchor Loans' CEO Steve Pollack, who shares real estate investing advice and discusses how he went from being an optometrist with a successful business to CEO of the nation's largest fix-and-flip lender. Podcast Summary 00:54 – What hard money …

Essential Things You Need to Know About a Rental Property Loan

Investing in real estate typically requires a good amount of money. If you don’t have a bunch of spare cash sitting around, you’re likely going to need to consider getting a real estate investment loan. Before moving forward to the different investment property loans, though, let’s talk about the types of rental properties. View full …

How to Use a Fix-and-Flip Loan to “Close as Cash” on a Cash-Only Property Purchase

When the seller of a distressed property stipulates "cash only," it is often because they need to close the deal quickly, and they are looking for a buyer who does not need to wait for approval from a lender to fund the purchase. This type of seller cannot risk having the sale fall through due …

Four Ways a Fix-and-Flip Investor Can Benefit from Being a Licensed Real Estate Agent

Being a successful entrepreneur in any industry requires determination, motivation, confidence, creativity and effective time management, but growing your successful fix-and-flip business also requires an extremely diverse set of additional skills--including the ability to: find listed and off-list properties with sufficient profit potential quickly and accurately estimate property value quickly and accurately determine property condition …

How Fix-and-Flip Investors Use Wholesaler Networks to Find Lucrative Deals

For a successful fix-and-flip investor, one of the most challenging aspects of doing business is finding viable distressed properties to flip. This is especially true in very competitive markets where properties priced below retail are snapped up by investors as soon as they hit the market. If this is the case in your market, make …

Guest Post from SpdLoad: $129.6 Million Revenue! Steve Pollack Shares Insights

Max Babych of SpdLoad.com interviews Anchor Loans CEO Steve Pollack MB: I know you were studying Psychology and Optometry at the university. How have you turned into an entrepreneur? SP: I understand someone looking at my biography may think I started studying one thing and ended up as an entrepreneur. But the reality is I’ve …

Fix-and-Flip Worst Practices: 10 Signs of Sloppy Workmanship in a House Flip

There is a significant rise in fix-and-flip investing in many areas of the country, and along with this rise in flip activity, fix-and-flip investors' average gross ROI in many U.S. markets has fallen. While there are markets where average gross ROI is more than 100%, investors in some markets are experiencing under 15% returns. Unfortunately, …

Environmentally Friendly Fix-and-Flip: “What Home Buyers Really Want”

If you're a fix-and-flip investor who has been thinking about incorporating more environmentally friendly materials into your flip renovations, you might be interested to know that a recent National Association of Home Builders (NAHB) survey reveals that home buyers prefer green over non-green amenities when they are given a choice--and half of them say they …

Fix-and-Flip Investing: Heading into 2020 What is the Industry Outlook for House Flippers?

The latest industry numbers are out from the real estate data experts at ATTOM DATA Solutions, and according to their Q2 2019 U.S. Home Flipping Report house flipping is on the rise, and some fix-and-flip markets are seeing an average gross ROI surpassing 100%. However, when it comes to market competition, average number of days …

Fix-and-Flip Math Basics: The Calculations You Will Need to Succeed

If math wasn't necessarily your strongest subject in school, you may find yourself avoiding situations where your calculating skills will be put to the test.  In fix-and-flip investing, you will use basic math functions on a daily basis, and your ability to succeed will depend on knowing how to perform some critical calculations. None of …