vicki irvin's (virvin) Blog

    You may have heard the term "multiple streams of income." Simply put, an income stream is a source of money that you receive on a regular basis. Theses streams can come from many different sources that are totally independent from one another. The most obvious one would be from W-2 income tha...

  You need to be sure that you have ample reserves to handle the unexpected. In flipping it is almost certain that things will take longer than you expected and cost more than you thought. You handle this by having a sufficient amount of money set aside to cover these contingencies. If you think ...

  You probably can't wait to get going. You're ready to buy a house and rip down walls and make a fortune flipping property. That's a recipe for disaster; you need to prepare yourself first. When a skyscraper is constructed the builder starts by laying the proper foundation, you must do the same....

Within Your Ability   Is the project within your ability? That doesn't mean that you need to be swinging the hammer yourself, it is perfectly reasonable to use contractors. However, it is important that you have an understanding of what is involved. If you aren't doing the work yourself you will ...

Condition   Is the house in repairable condition? It could be that a house is functionally obsolete. In this case no amount of work will be able to bring the house up to today's standards. This is especially true of very old homes. An older house may have rooms that are poorly laid out, inadequat...

Evaluating a Property   What is a good flipping candidate? In looking for a deal you want to find the proverbial "worst house in a good neighborhood." That is not to say that you are looking for something that is falling down. You are looking for a property that is not on a par with the neighborh...

Woooow!  Life has been HECTIC and I am exhausted. I miss you! But you can rest assured I have been working my behind off! Besides the 7:00am daily gym workouts (that are yielding some nice progress lol) I have been busy with real estate investing and learning new models, strategies and adapting t...

Man oh man! Are there enough natural disasters going on in the world at one time right now? Tornadoes, earthquakes, floods, fires...wow!   I am sitting here watching news coverage of the West Virginia primaries where Clinton is supposed to slam Obama pretty bad in the polls.  Not that is seems to...

I know you hear me talk about being around positive and like-minded people all the time with similar goals of moving forward in life.  When we speak of such things, we tend to relate it to our work, or career goals.  But surrounding yourself with movers and shakers in every aspect of your life, n...

Yes, I taped the Oprah show this morning with Mariah Carey in Chicago.Only problem is that I was in the audience and not on stage! LOL But that's ok! What a fabulous experience! For you ladies (and men too) Mariah's new figure is OFF THE CHAIN! She looked awesome and shared her workout routine as...