Are you interested in real estate investing or house flipping? If so, you may be familiar with Connected Investors, a platform for real estate investing that bills itself as housing the biggest network of investors worldwide. However, before registering, you might be curious about the cost of using Connected Investors and whether the money is worth it.
There are two types of membership available through Connected Investors: a free basic membership and a premium membership. You may establish a profile, use the marketplace to search homes, and interact with other investors with the free membership. A customised real estate investment strategy, access to capital, training classes, and other benefits are available with the premium membership, which costs $49 per month or $397 annually.
The premium membership can be worthwhile for people who are serious about real estate investing. You can connect with private lenders through the funding option, who can give you the money you need for your real estate deals. Additionally, the training programs can assist you in becoming a successful real estate investor and cover a variety of topics from locating offers to negotiating contracts. Speaking about savvy real estate speculators, Tarek El Moussa gained notoriety for flipping houses on the HGTV program “Flip or Flop”. El Moussa has over 300 home flips under his belt and a $10 million net worth. Not many real estate investors are as successful as El Moussa, though. In reality, just 32.3% of home flippers in 2020 were able to turn a profit on their investments of more than 20%, according to a study by ATTOM Data Solutions.
It’s critical to go by specific criteria, such as the 50% rule and the 70% rule, if you want to maximize your chances of success as a house flipper. According to the “50% rule,” your overall expenses for a rental property shouldn’t be higher than 50% of the rental income. Taxes, insurance, repairs, and vacancies are included in this. The 70% rule argues that when buying a property to flip, you shouldn’t pay more than 70% of the after-repair value (ARV), less the repair expenditures.
To sum up, Connected Investors provides a number of benefits for real estate investors at a fee that is comparatively low. Although real estate investment success is not assured, observing the 50% and 70% guidelines and using tools like Connected Investors can improve your chances of success.
In real estate, the “10 rule” is a simple calculation that aids buyers in deciding if a property is worthwhile. According to the regulation, a property’s acquisition price shouldn’t be greater than 10 times its anticipated monthly rental income. For instance, a property should be purchased for no more than $150,000 if it has the potential to earn $1,500 per month in rent. When assessing a potential real estate investment, investors should take into account a variety of aspects, including this guideline.