Whoever said that people don’t make money when they’re simply having fun have yet to know how much Comedian Will Ferrell earns from his website. You won’t earn that much with you’re just starting with rehabbing houses, but hey, no need to be greedy.

In property rehabbing, you would probably need a few years of a high-performing business that regularly closes homerun deals to earn $10 million. Ferrell, however, did it with one sale.

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Here at Rehab Real Estate, we’ve always tried to associate good business practices with health? Why? Simple: Because they are both good investments. Now the culprit of the day is the one most of us will probably coddle for life at the expense of our own health and take note, of our own profits when house rehabbing or doing any other forms of real estate investing.

Dow we even need a drum roll for this one? Smoking. You’ve hear your physician say it again and again and he quips that he’s exempted from the rule as he’s a doctor. Oh life. But when doing home rehab, you will need strength, especially if you’re involved with the actual repair job. And if I may refresh your memory, medical bills is among the top causes of bankruptcies in the country.

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In real estate investing, negotiation is key to being able to buy a deal for pennies on the dollar. You need to ask the right questions to the seller in order to find out how much you’re willing to offer. Asking the right questions also makes you determine the level of motivation of the seller.

This came to mind as I stumbled upon an article on surefire ways to turn off your teen. Pretty enlightening stuff. One of the tips it offered was not asking “deadly” questions to teenagers. And real estate investors will find this useful, too.

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Here’s a little tip for our friends who are new to the real estate investing business: wholesaling houses is a number game.

And so because of this nature, it is important for you to understand that if you misses one deal or lost it to a competitor, all  you need to do is to move on to the next one. As for depression, it has no place in a successful wholesaler’s life.

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If you ask me, wholesaling houses is the form of real estate investing that has the least risk involved. You won’t have to own the property, you won’t have to buy it, and you get the cash quick. It is indeed a good form of making money.

Flipping houses, the other term of wholesaling houses, has always been seen as a less risk if not no risk business. This is especially true when it is compared to rehabbing houses, which involves funding and having to hold a property for weeks or months. But does that make rehabbing houses less better?

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As a hangover from the precious post, I’ve decided to add a few more tips, if you may, on debt reduction and preparations for retirement. This is of course from the perspective of a rehabber.

I remember reading another article about debt reduction and far as I can recall, here are some thoughts you might ponder on, whether you are into rehabbing or not.

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One mistake young couples make, says an online article, is thinking that retirement is still decades away. This philosophy in life is a time-bomb waiting to explode. But you can always prevent that from happening by rehabbing real estate today.

There are very good reasons for choosing this way of real estate investing. One reason is it requires much strength and time compared to wholesaling houses, and other methods. Is you are still young, this is unlikely to be a problem. Some couples even make repairing and reselling houses their main business. Other employ contractors so they can just concentrate on marketing the property. Nevertheless, it still requires more effort.

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A news magazine recently ran an article on “tips from billionaires” and it certainly was interesting. One of them is pretty applicable in today’s flipping homes market.

So do you want a billionaire tip? Take it from Facebook founder Mark Zuckerberg, the writer said. One of the tips was to find a need and then fill it up. What water does this hold for flipping homes and real estate investing?

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As mentioned, this is not a rehabbing story. Nor will it discuss an inspirational story of someone who amassed riches from flipping houses or real estate investing. It will, however, tell something about foreclosure and the life of Ray Williams.

It may no longer ring a bell to some but Ray is a 10-year NBA veteran who captained the New York Knicks. He also was fortunate to play alongside Celtics legend Larry Bird. A feature on him recently revealed how he is doing now, decades after he averaged 20 points per game. He is homeless. Foreclosure indeed fears no one.

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Have you seen the news about the vacant offices in the country? The national average now stands at 17.4%. Far as I know that’s the highest since the early 1990s. Oh, this does not bid well for our brothers in commercial real estate investing.

Commercial landlords are probably affected directly by this development. They probably are lowering rent to encourage more tenants to move in. But when companies have no plans to hire more people are use more office space, it simply will be hard. But apart from landlords, those who are jobless are affected by this development.

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