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 …

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 …

Fix-and-Flip Business Management: Why You Need a Receipt Capture App on Your Smartphone

While you are building and growing your fix-and-flip business, one of the major factors that will contribute to your success will be your ability to prioritize, organize, automate and delegate the daily tasks that eat into your precious time as a business owner/operator. The more successful your real estate investment company becomes, the more you …

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, …

Does a Real Estate Investor Need Good Credit to Get a Fix-and-Flip Loan?

If you are a fix-and-flip investor seeking additional capital to begin your next house flip, you may be considering a fix-and-flip loan from a private hard money lender—and you might be wondering how your credit history could impact your loan approval. If you have ever applied for a conventional mortgage, you know that a bank's decision …

Correctly Estimating Your Fix-and-Flip Renovation Budget

So, you’ve found a great distressed property priced below retail, and based on your estimated ARV, it looks like the deal might have a healthy profit margin. But before you can make a decision about paying the asking price for your fix-and-flip property, you’ll want to know what upgrades and repairs are required to make …

My House Flip Isn’t Selling: Now What?

It is a fix-and-flip investor’s worst nightmare. You discover a great distressed property, compare it to local neighborhood comps, calculate that there is plenty of profit between project costs and ARV, buy the property, renovate it, upgrade the landscaping and list your fix-and-flip masterpiece on the MLS. But, you’re not getting any offers. Weeks go …

How Much Should I Spend Staging My House Flip?

If you are at the point in your fix-and-flip project where you need to decide how much to spend on staging…congratulations! You have no doubt worked hard to find, buy and renovate your fix-and-flip investment property–now you just have to get it sold. Is staging my flipped house really necessary? In a recent Real Estate …