Category: Evaluating Deals

Two Bedroom Deals: To Pursue or Not Pursue and How Real Estate Comps Can Make All the Difference

Posted on by Cameron Dunlap

I hear this question often, “Cam, I’m looking at a property but it’s a two bedroom home, should I avoid the deal or do it?” The reality is, there are scads of guidelines in the real estate investing world and a few hard and fast rules to follow, but one of your biggest guides will be what the real estate comps tell you.

When you come across a potential deal that goes against the known guidelines, and trust me you WILL, then it may be time to slow down, take a second look and perhaps reassess your options.

For instance,

Continue Reading...

Low Inventory Real Estate Market Got You Down? Looking Elsewhere Could Be the Answer

Posted on by Cameron Dunlap

I’d like to address a dilemma that you may have run into a time or two as a real estate investor…LOW INVENTORY REAL ESTATE MARKETS.

This is a situation where competition is high and inventory is tight. If you’re an investor, you KNOW this can be a real problem because you might only have limited inventory to work with.

You see…as investors, we’re in the business of buying and selling houses, and in order to do that we need to buy and sell houses. (I hope you get my subtle sarcastic humor here.)

If there are a limited number of

Continue Reading...

How To Find and Profit From Pre-Foreclosures

Posted on by Cameron Dunlap

Pre-foreclosures can be tricky, and it’s important to know how to best use pre-foreclosure lists and – more importantly – how to contact and communicate with the owners if you want to successfully invest in pre-foreclosures.

You’ve probably heard of pre-foreclosures and know what a pre-foreclosure is, but let’s quickly refresh our memories… after all, it’s certainly a great strategy to have in your investing arsenal.

A house typically becomes a pre-foreclosure when the owner is more than 90 days late on their mortgage payments. At this point, the lender will start the foreclosure process with a notice of default.

Continue Reading...

Double Closings Explained and Why You Shouldn’t Attend Them

Posted on by Cameron Dunlap

Double closings – not to be confused with assignments – aren’t as complex as they seem.

Simply put, a double closing in real estate investing is the simultaneous purchase and sale of a property that involves three parties:

  • The seller
  • The investor
  • The end buyer

It’s essentially two transactions commonly referred to as the “A to B & B to C” strategy and looks like this:

  • Person “A” is the distressed/motivated seller
  • Person “B” is you, the real estate investor
  • Person “C” is the final buyer.

During the

Continue Reading...