After a Stock Market Stumble, Kris Found Success as a Real Estate Investor

January 29th, 2016

Kris Krishnan

An investor’s nightmare became Kris’ reality when he lost money in the Stock Market. Seeking an alternative to reach his financial goals, Kris dove into real estate investing books, articles, and seminars. He decided that real estate was the most reliable path to a thriving investment portfolio. Determined to succeed, Kris just found his first real estate deal on MyHouseDeals.

Kris is a stickler for doing his due diligence and getting 2nd or 3rd opinions on property repairs and values. His current strategy is to buy and rent properties, benefiting from monthly positive cash flow.

He uses his MyHouseDeals membership to find deals. He also uses it to network with private lenders and appreciates how MyHouseDeals cuts out the middle man when it comes time to pursue a deal.

We sat with him to learn more about this deal and his journey as a real estate investor. Head over to our success stories section to hear the full interview:

Head over to our success stories section to listen to the interview, including…

– How to shop for contractors
– What to do when you make an investing mistake
– How to determine the ARV (after repair value) for a property

NOTE: Since Kris is a Premium Elite member, he received a FULL refund of his upfront membership fee for simply doing a deal! Find out more about our Premium Elite membership here.

Top Zip Codes for Wholesale Deals in 2015

January 22nd, 2016

It’s that time of year again! We’re excited to release a list of the most popular zip codes for wholesale deals for all of 2015!

If you do your own marketing to find investment property, target properties in these zip codes. They are more likely to have motivated sellers and/or properties in disrepair which can lead to greater discounts and profits for investors like you.

We complied this data from the thousands of wholesale deals that were posted to our website last year.

Go here to check out these zip codes…

Top Zip Codes for Wholesale Deals in 2015

Happy (and profitable) investing!

Team MyHouseDeals

Vince is Building a Cashflow Portfolio with the Help of MyHouseDeals

January 15th, 2016

Vince-Williams-Email-Banner

Vince and his business partner have spent the last 15 years building a stable and successful investment portfolio. Whether he’s attending real estate seminars or learning from his own mistakes, Vince places a high value on education as a way to build up his skills and confidence as a real estate investor.

As established real estate investors, Vince and his business partner know the “bread and butter” zip codes in their investing markets. Vince utilizes MyHouseDeals to quickly identify deals in those highly desired zip codes. Overall, his portfolio mostly includes long-term holds.

Vince is the first to admit that successful investment deals are not “get rich quick schemes,” but rather, require the following: mental fortitude, persistence, and a long-term approach. At this stage in Vince’s business, he embraces these qualities and continues to learn through investing.

Head over to our success stories section to listen to the interview, including…

– How to find and maintain reliable contractors as a long distance investor
– The essential rules for screening potential deals
– How to establish realistic timelines and milestone payments for property repairs

NOTE: Since Vince is a Premium Elite member, he received a FULL refund of his upfront membership fee for simply doing a deal! Find out more about our Premium Elite membership here.

Celebrating 10 Years of Deals!

January 13th, 2016

We’re celebrating MyHouseDeals’ 10th anniversary…

That’s a decade of bringing exclusive deals to our investors…

A decade of growing a community that thrives in up and down markets, no matter what obstacles are put in front of them…

A decade of empowering our members with the tools they needed to turn their lives around…

We couldn’t be prouder to be a part of your journey in real estate investing. And we wouldn’t be where we are today without the support of our members.

That’s why we start 2016 feeling grateful for the journey thus far and hopeful that this will be our best year yet! Join us as we look back at a decade of being part of this exciting industry.

THANK YOU!

10 Years at MyHouseDeals

Keith Just Added Another One to His Portfolio of Cashflow Properties

January 8th, 2016

Success Story

For the past 24 years, Keith has worked as an engineer. As he began to think more about retirement and his financial future, he wanted to take more control of his income stream. That’s when he decided to become a real estate investor. While he still works full-time today, Keith continues to build his property investment portfolio in his free time.

At 14 properties and growing, Keith prefers to buy and hold his investments. He attributes some of his success and growth as an investor to his continual efforts to educate himself and engage with other investors.

Keith looks for properties in a focused geographical area, and he utilizes MyHouseDeals to find them. The service allows him to find deals on properties and act quickly. Once he decides on a property, he is equipped with the resources and relationships to buy, fix, and rent them out fast.

Head over to our success stories section to listen to the interview, including…

– How to take advantage of creative financing options
– Why it is important to focus on a specific market
– How to obtain accurate comparable sales (comps) and verify ARVs

NOTE: Since Keith is a Premium Elite member, he received a FULL refund of his up-front membership fee for simply doing a deal! Find out more about our Premium Elite membership here.

5 Offers in One Day for the Deal He Found on MyHouseDeals

December 30th, 2015

Sid Siddqui

After 15 years working in IT, Sid developed an interest in real estate investing. When he completed his first wholesale deal with none of his own money down, he was hooked.

Sid attributes some of his success as a real estate investor to the relationships he has built and maintained over the years. From his listing agent to his contractor, he recognizes that these relationships make or break a successful deal.

Sid also stresses the importance of due diligence when assessing a potential deal. As part of this process, he does his own research and compares his own numbers against the seller’s, plugs them into his formula, and determines the profit potential of the deal. With this process down to a science, it takes Sid an average of three months to buy, rehab, and sell a property.

Head over to our success stories section to listen to the interview, including…

– The benefits of working with small banks to finance deals
– How to ensure your contractor is loyal to you
– The importance of working with a flat-fee listing agent

NOTE: Since Sid is a Premium Elite member, he received a FULL refund of his upfront membership fee for simply doing a deal! Find out more about our Premium Elite membership here.

Simple and Effective: Full-time Real Estate Investor Has the Right Investing Mindset

December 15th, 2015

Kelechi-Iwu-Email-Banner

Although Kelechi served in the military and acquired college degrees in finance and accounting, he always thought about getting involved in real estate. After attending a real estate investing seminar, he was officially hooked. Armed with enough motivation, Kelechi jumped into the business.

Now an experienced wholesaler and rehabber, Kelechi has shifted his focus to investing in vacant properties which diversifies his investment portfolio. No matter the type of property, he relies on a formula to determine the profit potential of a deal before committing to it.

As an investor who takes advantage of available resources, Kelechi uses MyHouseDeals to find properties, network with other investors, cash buyers, and money lenders, and to market his deals to potential buyers on the website and via email blasts.

Head over to our success stories section to listen to the interview, including…

– What types of properties Kelechi turned to when foreclosures dried up
– Which finance options to use, depending on the deal
– The formula to avoid overpaying for properties

NOTE: Since Kelechi is a Premium Elite member, he received a FULL refund of his upfront membership fee for simply doing a deal! Find out more about our Premium Elite membership here.