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All Forum Posts by: Wale Lawal

Wale Lawal has started 80 posts and replied 4106 times.

Post: why do people hate landlords?

Wale Lawal
Agent
Posted
  • Real Estate Broker
  • Houston | Dallas | Austin, TX
  • Posts 4,272
  • Votes 2,272

@Cameron H. Forbis

Don't generalize it.

Post: Escrow Process--Is no commuincation from Escrow common?

Wale Lawal
Agent
Posted
  • Real Estate Broker
  • Houston | Dallas | Austin, TX
  • Posts 4,272
  • Votes 2,272

@Catherine Becker

Get the attention of the Escrow Company Upper Management.

They need to update you with all available information and let you know any challenges they have.

Goodluck 🙏

Post: HOUSTON SUPER HOT MARKET - WHAT SHOULD WE EXPECT IN EARLY 2021

Wale Lawal
Agent
Posted
  • Real Estate Broker
  • Houston | Dallas | Austin, TX
  • Posts 4,272
  • Votes 2,272

@Dave Chapa

Great Point 🤝

Being ready is KEY

Post: HOUSTON SUPER HOT MARKET - WHAT SHOULD WE EXPECT IN EARLY 2021

Wale Lawal
Agent
Posted
  • Real Estate Broker
  • Houston | Dallas | Austin, TX
  • Posts 4,272
  • Votes 2,272

Spot on @Jiji John and @Sandy Sawyer you guess make a valid point. As a seasoned investor we should continue to look for deals and take actions once the number works.

Some people are just too optimistic that the Real Estate Market will crash in mid 2021 and I just don't understand how they arrive at this conclusion.

I have also received more clients from California and New York on the same reasons @Sandy Sawyer mentioned. 

Happy investing guy!

Post: Would I benefit from getting my Real Estate License?

Wale Lawal
Agent
Posted
  • Real Estate Broker
  • Houston | Dallas | Austin, TX
  • Posts 4,272
  • Votes 2,272

@Dennis Soto

You have received great advise here already and I won't regurgitate what has been said.

Get your Real Estate License ONLY and ONLY if you are Flipping a minimum of 2 houses a month. Anything less than that will not save you money but cost you money.

Identify and work with an Investor-Realtor and negotiate the commission you are willing to pay. Most will do 1.5 - 2.0% of the sales price if you are bringing all your deals to them for MLS listing.

It cost average of $3500 per year (excluding marketing) to keep your RE license.

Goodluck

Post: Insurance during renovation

Wale Lawal
Agent
Posted
  • Real Estate Broker
  • Houston | Dallas | Austin, TX
  • Posts 4,272
  • Votes 2,272
Originally posted by @Kuba Bednarz:

@Wale Lawal If you don’t mind sending me your agent’s contact, I will gladly give them a call. Thank you for all your help so far!

Sent.

Post: Insurance during renovation

Wale Lawal
Agent
Posted
  • Real Estate Broker
  • Houston | Dallas | Austin, TX
  • Posts 4,272
  • Votes 2,272

@Kuba Bednarz

Yes you need insurance to cover both. I can recommend a local insurance agent i personally use for my deals.

You are on the right track.

Goodluck man 👍

Post: How do I find out who owns a property that isn’t listed for sale?

Wale Lawal
Agent
Posted
  • Real Estate Broker
  • Houston | Dallas | Austin, TX
  • Posts 4,272
  • Votes 2,272

@Garrett Chumbley

Write down the address and search the owner on the county property record search, then use Google or Skiptracing companies to get the phone number and email address of the owner.

Goodluck 👍

Post: How to Purchase a Second Investment Property

Wale Lawal
Agent
Posted
  • Real Estate Broker
  • Houston | Dallas | Austin, TX
  • Posts 4,272
  • Votes 2,272

@Christian Cambridge

Identify and work with a Local Rockstar Agent in the Atlanta Market and they will make the process a breeze for you.

Having your finances in place is a great thing.

Goodluck

Post: What would you do if you were us?

Wale Lawal
Agent
Posted
  • Real Estate Broker
  • Houston | Dallas | Austin, TX
  • Posts 4,272
  • Votes 2,272

@Daliz Colon 

If I am in your shoe, I will invest in a market that I am familiar with and where I have resources that can make my investment safe and stress free. As @Courtney King mentioned, Texas market especially Houston and Dallas are very hot right now due to low interest rate, low inventory, high demand among other reasons.

I will suggest you narrow down your options and take actions. You are on the right track with multiple streams of income.