Our Real Estate Blog
Want to flip a property? You need a team of rock stars on your side. This isn't a one-man show; in general, real estate investors only prosper when they've made connections with real estate agents, lenders, contractors, and other investors at the top of their game, and it's even more crucial when you're flipping one or more properties. Wondering how to make that happen? It's simpler than you might think.
1. Treat every professional relationship as a mutually-beneficial connection.
Think beyond the golden rule and keep in mind that everyone who works for or with you is in this business to make money as well. Working with them to benefit you both is the only way to grow your network. It shouldn't need to be said, but here it is: Be kind. Be considerate. Realize that this relationship, whether it's an interaction with a real estate agent, a home inspection, or a contractor, could have huge long-term implications on your future as an investor. True rock stars aren't going to bend over backwards to work with you if they sense you're just out to get what you can out of them.
2. Professionals who are great at their jobs aren't going to come flocking to you.
In order to attract industry professionals who are great at their jobs, you need to be great at yours. Do your research, know what you're looking for, and don't be afraid to ask 'stupid' questions; your image will suffer much more for pretending more experience and knowledge than you have. Ask questions; look for recommendations everywhere you go, and as names rise to the top, hire the best to work with you on projects whenever possible. They're likely to be professional, not chummy, and that's a good thing.
3. Give a little extra when possible.
An excellent real estate agent can help you scout out the best possible properties to flip--and the best deals. Acknowledge that. If they find you an insanely great deal on a rehab property, consider shooting them a little extra beyond their commission for that property; although that $70,000 duplex might be worth $350,000 by the time you're done with it, your agent's commission will remain rather paltry for the work and digging they put in. By the same token, talk to your contractors their preferences for a project, and cater to their preferences if it's something you don't care that much about. Finding small ways to work in the preferences of others will give you a big step up in their estimation, which can make all the difference in future flips.
12 Institute, Fitchburg, MA 01420
17 Riverlin Parkway, Millbury, MA 01527
17 Riverlin Parkway, Millbury, MA 01527
It must have been frightening, in the days before the internet, to move to a new place that you knew little about. The culture, the people, the things to do--all of these things are now at our fingertips thanks to Google and others.
However, it can still be difficult to get used to a new town, especially if you’re moving far away from your previous home. So, in this article, I’m going to give you some tips on how to investigate your new town. That way, you’ll have a good idea of what kind of things you can do for fun, where to eat, and countless other things you might want to know about the place you’ll soon call home.
The lay of the land
A good place to start your search is on Google Maps. From here you can explore your future neighborhood; find out how close you are to grocery stores, parks, hospitals, and even get an estimate on how long your work commute will take each day.
Since many of these places will have ratings and reviews, you can also take some time to read the reviews for popular places around town.
Eating around town
It can seem like you’re always flipping a coin when you eat at a new restaurant. When you move to a new town, you’ll have to discover new favorite places to eat. However, you don’t have to do these experiments on your own.
Check out Yelp reviews for local restaurants and cafes to get a sense of the pricing and atmosphere. This way you’ll give yourself the best possible chance of enjoying the experience.
Meeting new people
Making friends is hard enough as an adult. In today’s world, many people meet their friends online or through other connections, rather than simply hanging around with their neighbors.
Luckily, sites like Facebook and Meetup make it easier to introduce yourself to like-minded people.
Browse local meetups that you’re interested in, and don’t be afraid to try out a new activity or attend a paint night--you might meet new people and discover a new hobby all at once.
Most towns have a strong presence on Facebook in terms of things like groups and events. Joining local groups will give you an idea of the type of things people do for fun around town and give you a way to introduce yourself to new people.
Read the news
Many towns are covered by a local or regional newspaper. They can often be found online or at a local library or cafe. These newspapers are often the key to discovering the good and the bad about your new home, tipping you off to the things you’ll want to pay attention to when you move.