How to Find and Interview a Tax Accountant for Your Fix-and-Flip Business

As your fix-and-flip business grows, the complexity of your reporting to the IRS grows as well. Not only will you be required to keep accurate records of income and expenses, you will need to know how to calculate basis and depreciation and have a solid understanding of what can and cannot be listed as tax …

The Risks and Rewards of Flipping Houses in a “Bad” Neighborhood

When it comes to finding a potentially lucrative fix-and-flip investment property, many industry pros will advise you to "look for the worst property in the best neighborhood" to ensure that once you have turned that ugly house into a beautiful home you won't have any trouble finding someone willing to buy it. While that can be sage advice in …

Money Maker or Money Pit? Five Warning Signs It’s Not a Good Fix-and-Flip Investment

For a fix-and-flip investor, there's no thrill quite like finding that diamond in the rough fixer property.  It's almost like a love story, isn't it? Investor meets off-market, neglected property with a highly motivated seller who will settle for a ridiculously low price. The place is ugly, but the investor's eye sees underneath the layers …

Preventing Theft at Your Fix-and-Flip Work Site

Among the threats to your fix-and-flip project's ROI, theft of materials is one that can take a big bite out of your profits. On any given day, your fix-and-flip work site can contain tens of thousands of dollars worth of construction materials, tools, appliances and other items of value--and it only takes one criminally-minded worker, …

Fix-and-Flip Investing: What Time of Year is Best to Sell My Flipped House?

In fix-and-flip investing, there are so many critical factors that can impact your project ROI. The price and condition of the property, the scope and scale of your renovations, your access to reasonably priced materials, the skill and speed of your contractors, and the attention and response times of your real estate agents--just to name a …

How to Use Instagram to Grow Your Fix-and-Flip Business

Whether you are just getting started in fix-and-flip investing, or you're flipping dozens of houses at a time, to succeed in this business requires a strategy for effective b2b and b2c networking and marketing. Without having an intentional plan to connect with property sellers, and a cost-effective strategy to market your flipped properties to buyers, …

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 …

5 Important Factors That Can Help Keep Your Fix-and-Flip Project On Schedule

When it comes to the many issues and pitfalls that can take a big bite out of your fix-and-flip project’s ROI, wasted time will be very high on the list. Every successful fix-and-flip investor knows that to keep ROI as high as possible, you’ve got to get your project’s turnaround time down to the least …

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 …