Lately, people have been asking me about organization and productivity tools to use when flipping and dealing with real estate. I've begun this post as a way to share some of those tools with you.
Toodledo.com is my favorite (FREE!) easy to use, web based todo list management tool. It really helps you track of all your tasks and avoid disorganization, Track properties to check up on, projects, etc. I personally use the web version for my PC and the iPhone and iPad versions when on the go.
Some may be asking themselves, can I really flip and grow rich in this economy? Well it's not an easy question to answer. While there is lots of money to be made in this current climate. There is certainly lots of money to be lost as well. In a recent Wall Street Journal article, mortgage rates are reportedly declining, a prime time to buy property. Money is cheap! However, it would also seem than banks are being more difficult to get money out of, so what's a flipper to do? Even Donald Trump is having difficulty in this market, with his Chicago condos, buyers are not following through on contracts. Remember to do your homework, look at every deal carefully, and ensure contracts are in order. Look for the best deal, for example RealtyTrac offers a nice forclosure search on their website.