Moore Anthony's Blog

What does it really take to outsource your real estate business? In this interview, we talk with Derek Gallimore , Founder and CEO of Outsource Accelerator , a company that specializes in helping small and medium-sized enterprises based in high-cost English-speaking countries, and one of their areas of expertise is advising business in the real estate sector on how to outsource various aspects of their operation. Derek tells us about different roles/jobs that can be outsourced and how it improves the business processes overall. Derek also gives us examples of how outsourcing can be applied to someone like a real estate agent, a landlord that's leasing out multiple properties or a property flipper. The good thing about outsourcing is – it has never been easier to find good, competent help at a cost that is surprisingly affordable . But what does that really mean? How much should you realistically expect to pay for someone who is truly competent and knows how to think for th...

Just about every business has a website these days – but not everyone is familiar with the technical aspects of running a website or knowing how to work with website developers. We’re here to fix that. The Basics of Website Ownership There’s more to owning a website than meets the eye. Here are the most important things you need to know: What should you own? When you have a website, it’s important to have ownership over all of its components such as the domain name, written content, media and design elements, and website code so you can have full control over it in perpetuity. If your website is owned by the web developer or marketing agency who built the site, this means they have ultimate control over your content and could shut down your website at any time. This also means that if you change your mind down the road and want to pack up your website content and begin building it somewhere else or with an independent team, you will basically need to start from scratch without ...

When I first started my career as an investor, I was able to get pretty far on my own. Armed with a small library of books and courses, a couple of mastermind groups (and being lucky enough to make a few good key decisions along the way), I closed over 30 deals in my first year of business. Even so – it wasn't until I enlisted the help of a real, experienced professional  that my little business started growing to the next level. Over the course of a few months, I went from “running in circles” to “running a business” and it only happened because I was able to get some direct, deal-specific guidance with  specific answers to my specific questions  from a qualified mentor . Do You Need Help? I'll be honest – a mentoring relationship isn't always necessary . In fact, there are plenty of people who can get by without it . A lot of investors do have what it takes to figure it out on their own. One way or another, they will reach t...

One of the most important questions you’ll ever have to answer as a real estate investor is this: “HOW MUCH SHOULD I OFFER FOR THIS PROPERTY?” It's a very important question, because your offer price has everything to do with your ability (or inability) to make money on a real estate deal. Offer too much, and you won't have a large enough profit margin. Offer too little, and the seller won't do the deal. Considering how important the offer price is, I'd like to provide a bit of explanation on the basic math I use to come up with this number for any given property. The Importance Of Price No matter how you slice it, your offer price is going to play a major role in the overall scope of any transaction. With the right number, you'll have a grand slam deal on your hands. With the wrong number, you can lose yourself a lot of money in an instant. There are a couple of sayings that a lot of real estate investors like to throw around: “Begin with the end ...

Two years ago, I put together a blog post and video explaining how Fundrise works. Quick Recap: Fundrise is a real estate crowdfunding platform that allows people to invest smaller amounts of money (as little as $500) into eREITs. Essentially, it's like buying into a “pool of real estate”, rather than tying up all of your investment dollars in one single property . Back in 2017, I decided to invest $1,000 of my own money into the site while also recording the process and showing people how it worked. You can see the original video here . After posting that video, some of the more common questions I heard from people were, What have your earnings been to date? How has your account performed? How much money have you made since investing? I thought these were all valid questions, so I put together a one-year follow up video to show people how the results turned out. You can see that blog post and video here. Of course, the performance of my investment doesn't necess...

Willie Goldberg has been on my radar for a while now. In less than two years, this guy has built his land flipping business up to 95 notes through seller-financing, he's averaging over $20,000 in monthly revenue and he actively buys and sells 15 – 20 properties per month . I don’t know many people in the land business who are doing this well , especially when you consider that he’s only been at it for two years. Willie dishes out a ton of details on how he's been able to reach this level in such a short amount of time. You might be surprised to find that even though it takes a lot of work an investment, this kind of success is more achievable than most people think. Links and Resources WGLands.com (Willie Goldberg's website) WGLands YouTube Channel 005: YouTube for Real Estate Investors RuralVacantLand.com Simplifile.com Facebook Marketplace Craigslist Zillow LandCentury SignNow Investor Carrot <— (REtipster Affiliate Link) Investor Carrot Review Th...

There's a major problem almost every real estate investor has to deal with in their business. It's the problem of  getting financing for your deals . Having access to funding is a huge issue that affects just about everyone in the real estate industry. If you've been active as real estate investor for any length of time, you've probably dealt with it too. A few months ago, I discovered a new way to get “interest free” short-term financing through a company called Fund and Grow . In  episode 35 of the REtipster Podcast , Seth and I interviewed Mike Banks, COO of the company, and we learned a lot about how they're able to help all kinds of people (including real estate investors) get access to working capital. In this interview, we talked about how this kind of short-term financing works, and everything this company does to make it happen. Now, what I'm about to share with you in this blog post isn't just hearsay. I actually applied with Fund & Grow...

Selling a home can be an exciting but complicated process, whether you’re the seller or the agent. When you get an offer, it’s easy to get carried away and think, “This is it!” Unfortunately, not everyone who puts an offer on the table is truly serious about buying. Some may just be testing the waters, while others may get cold feet as closing draws near. There are also those who are “perennial shoppers” – they like looking around for options but know deep down they’re not really ready to make the big move. How do you know if you have a serious buyer? Here are the signs to watch for: Are they working with a Realtor? A buyer who goes home shopping without a Realtor may not be serious about closing a sale. A study conducted by the National Association of Realtors (NAR) showed that around 87% of buyers had help from an agent or broker in purchasing a home, so going solo is not a good sign. Someone who avoids the commitment that comes with engaging with a professional might not be m...

REtipster provides real estate guidance — not tax or investment advice. This article should not be interpreted as financial advice. Always seek the help of a licensed financial professional before taking action. Capitalization Rate – or “Cap Rate” for short – is one of those terms that needlessly intimidates new real estate investors. Don’t be daunted! It’s actually a very simple concept, and you can master it in under five minutes. Here’s what new investors need to know about cap rates, how to calculate them, and even a couple of handy calculators to run the numbers for you (you can see an ultra-simplified version above, and a more advanced version of this calculator below). What Is Capitalization Rate? A cap rate is simply a ratio of a property's income over its cost or value. It’s one way of measuring the rate of return for an income-producing property such as a rental property, apartment building, office building, or other commercial structure. The cap rate i...