How to Properly Vet Contractors for a House Flip

It’s no surprise house flipping is an expensive and time-consuming project. One of the most important steps in the process is choosing the right contractor for the gig. They’ll oversee much of the work and make sure it’s all done to code, which can truly make or break your project. So, of course, you want …

Maximize House Flipping ROI by Leveraging Cash-on-Hand with Hard Money Financing

Every successful house flipping entrepreneur began their journey with one fix-and-flip project, and then another—building on each success, learning from each mistake, and creating a reliable and repeatable process for minimizing risk and maximizing reward. As simple as it may sound, the most important thing for you to be aware of as you set out …

What Happens if my Fix-and-Flip Loan Payment to my Hard Money Lender is Late?

In a perfect world, every one of your fix-and-flip projects would run smoothly from purchase to rehab, with buyers snapping up your flipped homes the day they hit the market. Unfortunately, real world snags happen all too often and fix-and-flip investors sometimes find themselves overextended—with their capital reserves stretched to the limit. If you should …

How to Estimate the ARV of your Fix-and-Flip Property by Analyzing Local Comps

Comparable properties (“comps”) are homes in the vicinity of your fix-and-flip property that were sold in the past three months. Analyzing local comps will give you an idea of what buyers are looking for and what they might be willing to pay for your property after you have made all of your planned improvements. What …

How to Buy Fix-and-Flip Properties at Foreclosure Auctions

Foreclosure auctions are not for the inexperienced fix-and-flip investor, or for the timid, but for a flipper who has a great eye for a good deal, who can stand shoulder-to-shoulder competing with other highly motivated bidders, these sales offer the possibility of purchasing distressed real estate significantly below market retail. Foreclosure auctions are held either …

Real Estate Investing Podcasts Offer Fix-and-Flip Investors a Wealth of Expertise

If you’ve read our recent blog post What You Can Learn From Successful Fix-and-Flip Investors, you know that at Anchor Loans we believe there’s no better teacher in the fix-and-flip business than an investor who has achieved long-term success. Networking with and learning fix-and-flip tips from local real estate investors who have built successful businesses …

Creating a Fix-and-Flip Business Plan

Legendary UCLA basketball coach John Wooden famously taught his players “failing to prepare is preparing to fail.” Wooden’s teams were always fastidiously prepared, and it paid off in a big way, with an astonishing 10 national championships. How do you prepare for success in your fix-and-flip investment business? Do you know exactly how you plan …

What You Can Learn from Successful Fix-and-Flip Investors

There’s no better teacher in the fix-and-flip business than an investor who has achieved long-term success. Here’s a 5-step strategy successful fix-and-flip investors follow. It’s not rocket science, but it does require know-how, discipline and focus: 1) Identify a Suitable Property Finding a property to flip is your first and most significant hurdle. If you’re …

Building Relationships for a Successful Fix-and-Flip Business

“Our relationships with people are the foundation of our business,” writes Dave Crumby, founder and CEO of Realvolve.com, a workflow & CRM Platform serving real estate agents and teams. “Relationships lead to referrals, which make our businesses sustainable. Otherwise, real estate is just a job, not a career, and we are effectively unemployed after each …

How To Find Fix-and-Flip Deals

Every fix-and-flip investor’s success hinges on one critical element: having properties to flip! Understanding how to acquire viable investment properties is crucial to all investors, from beginners to the most experienced fix-and-flip veterans. How is it done? Exploring the methods of experienced “fix-and-flip investors is a great road map. How successful fix-and-flip investors find properties …