What is a Joint Venture?

[facebook][retweet] Question:  What is a Joint Venture & How Do You Form One? Jim S. – Pensacola, Florida The legal definition of a joint venture is, “a commercial enterprise undertaken jointly by two or more parties that otherwise retain their distinct identities.”   In real estate terms, it’s simply when two or more investors pool their resources…

Know When to Walk Away…

“You got to know when to hold ’em, know when to fold ’em, Know when to walk away and know when to run. You never count your money when you’re sittin’ at the table. There’ll be time enough for countin’ when the dealin’s done.”                                                                                                                                                                                    ~Kenny Rogers, The Gambler This iconic Kenny Rogers song is notorious in…

7 Great Online Tools for Rehabbers

The most popular (and easiest to understand) real estate investment strategy is certainly the “fix & flip”, which is simply buying a home that needs repairs, fixing it up, and then reselling it to a retail buyer/homeowner.  While reality television shows may have made it the most common technique, tackling the renovation business is certainly…

Big Profits from Ugly Houses

It’s a common misconception that you have to “fix up” houses in order to sell them for a profit, but nothing could be further from the truth.  Many PIG members have a made a pretty penny (over a million dollars in a year!) from flipping ugly houses to other investors, also known as “wholesaling.”  The…