{"id":915,"date":"2019-10-21T10:46:00","date_gmt":"2019-10-21T14:46:00","guid":{"rendered":"https:\/\/propertyonion.com\/education\/?p=915"},"modified":"2020-05-21T09:53:22","modified_gmt":"2020-05-21T13:53:22","slug":"the-monthly-peel-v-4","status":"publish","type":"post","link":"https:\/\/propertyonion.com\/education\/the-monthly-peel-v-4\/","title":{"rendered":"The Monthly Peel V.4"},"content":{"rendered":"\n<p><strong style=\"font-size:26px\">The Monthly Peel &#8211; Halloween Edition &nbsp;<\/strong><br><strong style=\"font-size:18px\">Interesting stories, tips &amp; tricks for real estate investors.<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"775\" height=\"250\" src=\"https:\/\/propertyonion.com\/education\/wp-content\/uploads\/2019\/12\/peel-header-halloween2.png\" alt=\"\" class=\"wp-image-917\" srcset=\"https:\/\/propertyonion.com\/education\/wp-content\/uploads\/2019\/12\/peel-header-halloween2.png 775w, https:\/\/propertyonion.com\/education\/wp-content\/uploads\/2019\/12\/peel-header-halloween2-300x97.png 300w, https:\/\/propertyonion.com\/education\/wp-content\/uploads\/2019\/12\/peel-header-halloween2-768x248.png 768w\" sizes=\"auto, (max-width: 775px) 100vw, 775px\" \/><\/figure>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 ez-toc-wrap-left counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">In this Article:<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/propertyonion.com\/education\/the-monthly-peel-v-4\/#Use_Scope_of_Work_Templates_to_Increase_Profits\" >Use Scope of Work Templates to Increase Profits<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/propertyonion.com\/education\/the-monthly-peel-v-4\/#And_our_10_Funniest_Real_Estate_Video_are%E2%80%A6\" >And our 10 Funniest Real Estate Video are\u2026<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/propertyonion.com\/education\/the-monthly-peel-v-4\/#Spider_Attack_at_Palm_Beach_Tax_Deed_Property\" >Spider Attack at Palm Beach Tax Deed Property<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/propertyonion.com\/education\/the-monthly-peel-v-4\/#Rehabbing_a_Fix_Flip_The_Beginners_Guide\" >Rehabbing a Fix &amp; Flip: The Beginners Guide<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/propertyonion.com\/education\/the-monthly-peel-v-4\/#Is_the_%E2%80%9CHOA_Play%E2%80%9D_Strategy_Legal\" >Is the &#8220;HOA Play&#8221; Strategy Legal?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/propertyonion.com\/education\/the-monthly-peel-v-4\/#What_is_Reverse_Wholesaling_Exactly\" >What is Reverse Wholesaling Exactly?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/propertyonion.com\/education\/the-monthly-peel-v-4\/#Almost_half_of_US_Real_Estate_is_infested_with%E2%80%A6\" >Almost half of U.S. Real Estate is infested with&#8230;.<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Use_Scope_of_Work_Templates_to_Increase_Profits\"><\/span>Use Scope of Work Templates to Increase Profits<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Every successful rehabber will have their own framework for evaluating the scope of a possible deal and estimating rehabbing costs. The framework involves breaking up the property into functional components and then evaluating each of these individually and in detail. To be a successful real estate investor and flipper you should understand what the project\u2019s \u201cScope of Work\u201d (SOW) is, and how to plan for it based on its location. Keeping your own scope of work template helps you keep it all organized job to job.&nbsp;We have added both some great Scope of Work examples, and Scope of work Templates for our members to use in the REI tools admin in our site. &nbsp;A \u201cScope of Work\u201d basically just gives an overall picture of what needs to be done to complete the project for you and your Contractor. See what you need to know with our&nbsp;<strong><a href=\"https:\/\/propertyonion.com\/education\/use-scope-of-work-templates-to-estimate-rehab-costs\/\" target=\"_blank\">in depth SOW article &amp; tools<\/a><\/strong>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"And_our_10_Funniest_Real_Estate_Video_are%E2%80%A6\"><\/span>And our 10 Funniest Real Estate Video are\u2026<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>&#8230; When the real estate agents get desperate, things get funny. Here we have our 2019 to date count down of funny real estate videos. These all made us laugh out loud and we know they will get you chuckling. &nbsp;<a href=\"https:\/\/propertyonion.com\/education\/funny-real-estate-videos\/\" target=\"_blank\"><strong>Watch the 10 Funniest Videos Here<\/strong><\/a>&nbsp;(we previously sent an email with bad links, fixed it this time, we swear!)<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Spider_Attack_at_Palm_Beach_Tax_Deed_Property\"><\/span>Spider Attack at Palm Beach Tax Deed Property<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>You know how that nursery rhyme goes, I\u2019m sure? Our #1 investor &amp; reader who just happens to be our founder&nbsp;<a href=\"https:\/\/propertyonion.com\/education\/tony-stern-interview\/\" target=\"_blank\">Tony Stern<\/a>, sent us this cautionary tale about scouting out land properties at the&nbsp;<a href=\"https:\/\/propertyonion.com\/property_search\/Palm-Beach-County\/Tax-Deed-Properties\/\" target=\"_blank\">Palm Beach Tax Deed Auction<\/a>. There are many properties you end up walking and it\u2019s easy to forget that here in South Florida and there are monsters lurking in the tropical undergrowth. &nbsp; His contractor and agent were scouting this piece of land going up for tax deed sale and CHOMP the contractor almost loses his arm and ends up at Urgent Care&nbsp;with a rotting arm. &nbsp; Read his first hand account of <a href=\"https:\/\/propertyonion.com\/education\/palm-beach-land-spiders-attack-contractor\/\" target=\"_blank\">the horror<\/a> now!<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Rehabbing_a_Fix_Flip_The_Beginners_Guide\"><\/span>Rehabbing a Fix &amp; Flip: The Beginners Guide<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The art of rehabbing a fix &amp; flip home can be a very generous income opportunity, as long as you are taking the right precautions. Each home investment is going to come packed with its own separate considerations before you can make a move on it. If you don\u2019t take the right factors into consideration it can complicate the entire process, &amp; severely impact the profit you were hoping to achieve. Like any great opportunity, take the time to plan, &amp; make decisions in accordance with what is compatible with your schedule. Consider whether you have the time to make this a full-time commitment, or something you will be working on, on the side. &nbsp; If you are new to Fix &amp; Flips,&nbsp;&nbsp;read this <a href=\"https:\/\/propertyonion.com\/education\/rehabbing-a-fix-flip-a-beginners-overview\/\" target=\"_blank\"><strong>beginners guide to fix &amp; flip<\/strong><\/a>&nbsp;now!<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Is_the_%E2%80%9CHOA_Play%E2%80%9D_Strategy_Legal\"><\/span>Is the &#8220;HOA Play&#8221; Strategy Legal?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>We previously released a tutorial e-book and article called&nbsp;<a href=\"https:\/\/propertyonion.com\/education\/hoa-foreclosure-play-for-big-profits-at-the-county-auction\/\" target=\"_blank\">The HOA Foreclosure Play<\/a>and a reader rightly brought up in the comment section the legality of this money making strategy in the face of&nbsp;<a href=\"https:\/\/www.flsenate.gov\/Laws\/Statutes\/2010\/697.08\" target=\"_blank\" rel=\"noopener\">Florida Statute \u00a7 697.08<\/a>. The HOA Foreclosure Play detailed ways to buy Association Foreclosures at the county foreclosure auction and rent it out while other superior mortgages still have not foreclosed. So rather than dance around the issue we asked our preferred in house Legal Eagle Jeff Harrington of Harrington Legal Alliance to write a legal opinion on the topic to publish on our site. &nbsp;&#8211; <strong><a href=\"https:\/\/propertyonion.com\/education\/is-buying-association-foreclosures-a-violation-of-f-s-%C2%A7-697-08\/\" target=\"_blank\">read the legal opinion now<\/a><\/strong>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_Reverse_Wholesaling_Exactly\"><\/span>What is Reverse Wholesaling Exactly?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>&nbsp;Most of us know what &#8220;<a href=\"https:\/\/propertyonion.com\/education\/what-is-a-real-estate-wholesaler\/\" target=\"_blank\">Wholesaling<\/a>&#8221; is in Real Estate, but there&#8217;s a trending method called &#8220;Reverse Wholesaling&#8221; here in Florida now. Reverse wholesaling is similar to real estate wholesaling, but the steps taken are in reverse order. Instead of finding the distressed properties first, you find the potential buyer, or buyers, first. There are many people in the real estate market who are looking to become investors or landlords, and they\u2019re interested in buying the properties that you will find for them. read full report on <a href=\"https:\/\/propertyonion.com\/education\/what-is-reverse-wholesaling-exactly\/\" target=\"_blank\"><strong>Reverse Wholesaling<\/strong> here<\/a>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Almost_half_of_US_Real_Estate_is_infested_with%E2%80%A6\"><\/span>Almost half of U.S. Real Estate is infested with&#8230;.<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<div style=\"height:25px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div class=\"wp-block-media-text alignwide is-stacked-on-mobile is-vertically-aligned-top\" style=\"grid-template-columns:40% auto\"><figure class=\"wp-block-media-text__media\"><img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"230\" src=\"https:\/\/propertyonion.com\/education\/wp-content\/uploads\/2019\/12\/halloween-ghosts-realestate.png\" alt=\"\" class=\"wp-image-921\" \/><\/figure><div class=\"wp-block-media-text__content\">\n<p class=\"has-normal-font-size\">&#8230;.<strong>GHOSTS<\/strong>!    While you may think haunted houses are simply attractions you walk through around Halloween, maybe it&#8217;s time to consider the possibility that you could be surrounded by spirits in your day-to-day life. In a Realtor.com survey of 1,067 people in the U.S., a whopping two out of every five said they&#8217;ve lived in a house that was possibly haunted, if not definitely. That&#8217;s roughly 40 percent of the property market! Before you buy a house with a poltergeist&nbsp;<a href=\"https:\/\/propertyonion.com\/education\/study-shows-real-estate-market-infested-by-ghosts\/\" target=\"_blank\"><strong>read this now!<\/strong><\/a><\/p>\n<\/div><\/div>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-background has-vivid-cyan-blue-background-color has-vivid-cyan-blue-color is-style-wide\" \/>\n\n\n\n<div class=\"wp-block-media-text alignwide has-media-on-the-right is-stacked-on-mobile is-vertically-aligned-top\" style=\"grid-template-columns:auto 30%\"><figure class=\"wp-block-media-text__media\"><img loading=\"lazy\" decoding=\"async\" width=\"882\" height=\"1024\" src=\"https:\/\/propertyonion.com\/education\/wp-content\/uploads\/2019\/12\/rooty-ghost-882x1024.png\" alt=\"Halloween Rooty\" class=\"wp-image-927\" srcset=\"https:\/\/propertyonion.com\/education\/wp-content\/uploads\/2019\/12\/rooty-ghost-882x1024.png 882w, https:\/\/propertyonion.com\/education\/wp-content\/uploads\/2019\/12\/rooty-ghost-258x300.png 258w, https:\/\/propertyonion.com\/education\/wp-content\/uploads\/2019\/12\/rooty-ghost-768x892.png 768w, https:\/\/propertyonion.com\/education\/wp-content\/uploads\/2019\/12\/rooty-ghost.png 1305w\" sizes=\"auto, (max-width: 882px) 100vw, 882px\" \/><\/figure><div class=\"wp-block-media-text__content\">\n<p><strong><br>So happy you read our email, how\u2019d you like it?<\/strong><br><br> If there\u2019s anything you liked or didn\u2019t like about this email, please leave comments below and let us know! &nbsp;We would love to get some ideas of what you might be interested in reading about in our next issue. &nbsp;If we pick your topic we will give you a $25 Amazon.com gift card as a thank you for the idea!<br><br><small>&nbsp; &nbsp; Sincerely,&nbsp;<br>&nbsp; &nbsp; -Rooty <br>&nbsp; &nbsp; Official <a href=\"https:\/\/propertyonion.com\/\" target=\"_blank\">PropertyOnion.com<\/a>Mascot<\/small><\/p>\n<\/div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Monthly Peel &#8211; Halloween Edition &nbsp;Interesting stories, tips &amp; tricks for real estate investors. Use Scope of Work Templates to Increase Profits Every successful rehabber will have their own framework for evaluating the scope&hellip;<\/p>\n","protected":false},"author":11,"featured_media":932,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[169,5],"tags":[170],"class_list":["post-915","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-peel","category-real-estate-investing-articles","tag-the-peel"],"_links":{"self":[{"href":"https:\/\/propertyonion.com\/education\/wp-json\/wp\/v2\/posts\/915","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/propertyonion.com\/education\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/propertyonion.com\/education\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/propertyonion.com\/education\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/propertyonion.com\/education\/wp-json\/wp\/v2\/comments?post=915"}],"version-history":[{"count":36,"href":"https:\/\/propertyonion.com\/education\/wp-json\/wp\/v2\/posts\/915\/revisions"}],"predecessor-version":[{"id":7800,"href":"https:\/\/propertyonion.com\/education\/wp-json\/wp\/v2\/posts\/915\/revisions\/7800"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/propertyonion.com\/education\/wp-json\/wp\/v2\/media\/932"}],"wp:attachment":[{"href":"https:\/\/propertyonion.com\/education\/wp-json\/wp\/v2\/media?parent=915"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/propertyonion.com\/education\/wp-json\/wp\/v2\/categories?post=915"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/propertyonion.com\/education\/wp-json\/wp\/v2\/tags?post=915"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}