Want to know what this year’s loosest small towns in American are? If you’re wholesaling houses, or doing any other form of real estate investing, you better know about this top 10 list by website Budget Travel.

Just exactly how will you be able to use this list? One is to use this “coolest small town” reputation when marketing to out-of-state or even out-of-town buyers. Apart from the usual marketing you use, you can simply tell buyers that something like, “Actually been reading news lately and our town made it in Budget Travel’s ‘Coolest Small Towns in America. Not that it’s a big deal or whatever but it’s kind of cool.” That’s a spiel when wholesaling houses to outsiders.

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Perhaps one of the greatest deliberations neophyte real estate rehabbers tend to go through is deciding if they need to install a swimming pool in the property. So, do you really need a pool when flipping a house?

But instead of asking if you need a pool, the better question to ask is where the fix and flip project is located.

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As the national celebrates Labor Day, one cannot help but think what else awaits us in the coming years. We are, after all, marking this year’s Labor Day with a stinging 9.6% unemployment rate. While some of us who are in real estate investing may fare better than others, I can’t help but think about those who are unemployed.

Being jobless leads to lack of self-esteem, which could lead depression, and you get the point. And if Labor Day news is any indication, the country might be under this condition for a few more years. As warning, this isn’t directly real estate investing news, but is related nonetheless.

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Some investors who are into rehabbing homes probably play golf. And you probably have heard too, especially investors from Florida, that Tiger Woods has taken out a $54.5-million mortgage on a new property.

Reports said he will pay $1 million monthly for the next 50-something months. He intends to fully settle the house loan by January 15, 2016. This is a huge show of confidence, says one blogger, considering Woods has already some endorsements due to his revelations on infidelity. While you would probably not earn as much as the Tiger would playing professional golf, you can still earn more than enough by playing the rehabbing game.

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An online article discussed tools that homeowners should own as well. Some 20 items were included in the list. I figured though that they are tools that real estate rehabbers should own as well. In a way, if you rehab houses, you must have these tools.

So, I’ll be listing some of those tools here. Let’s make it shorter. Not that you need fewer tools than homeowners, it’s just that I’ve decided to really focus on those you can carry around in a toolbox. If in case you don’t actually do the repairs on your own and rely on contractors, then consider them your tools as a homeowner.

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Most rehabbers won’t need a perfect credit score for their house rehabbing business.

These real estate investors usually borrow hard money and for hard money lenders, the credit score still plays a supporting role compared to the value of the deal. If the deal is good, you get the funding. Lenders won’t waste the opportunity to make money by funding someone who’s into rehab properties. But what exactly is the perfect credit score? Does anyone have it?

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Heard the news? A U.S. watchdog agency has released an audit of the government’s expenses on Iraq. Apparently some $5 billion in American taxpayers’ money was wasted in the Middle Eastern country. From a huge picture as this, you can see that auditing can help your rehab house business.

A little bit more about the editing on expenses in Iraq: According to the watchdog, the wasted funds went to an empty prison constructed to the tune of $40 million, a $165 million children’s hospital that’s not used, and a number of other projects that have to be halted midway mostly due to security reasons. You could be clamoring about the taxes you pay right now, but as this is Rehab Real Estate, it’s better to focus on the investing side of things.

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Bond-fund manager Bill Gross considers government involvement a “necessity” in the nearly $1-trillion mortgage market.

Gross, chief of Pacific Investment Management Co. (Pimco), said that if the government completely pulls out from the industry, it would lead to “crippling any hopes of a housing-led revival to the economy.”

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Saving money is a practice taught to use from an early age, even at an age that we still don’t know what a fix and flip business is.

Saving is good. It’s preparing for rainy days. Who wouldn’t want to have the money when they need it? For instance, if you’ve saved up enough money, you can use that for your fix and flip business. You wouldn’t need to borrow hard money, private money, or whatnot. But in some cases, one’s goal of saving money can be dangerous.

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I wanted to discuss some tips flipping a house today but my attention was again caught by a headline.

It seems we get “pinged” whenever we’re online. This and that are always competing for our attention. We go to Facebook when we’re supposed to be updating a blog. We go to Twitter when we’re supposed to be emailing some people. And in this case, supposed to be discussing flip homes tips but attracted by a headline on President Obama’s Home Affordable Modification Program, better known as HAMP.

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