All Forum Posts by: Amedeo M.

@Daine Johnson

I don’t know if you can trust your agent or not.

One thing I know for sure. You should never take all your savings and put it in one single investment.

If you have 40K in savings take a part and invest, keep the rest for the bad days, next property.

Also, the market is not going to disappear. There is always a next property. It’s not healthy to go for something you can’t afford.

If you can afford 125/150k properties, this is what you should target. Not 200k and not 180k.

Your agent is not the one paying your bills.

Respect him, follow his tips, but act accordingly to your pocket and your instinct.

@Michael P.

A decent area can become a bad area very fast and vice versa :)

@Soh Tanaka

Hi - what downpayment?

Thanks

@Brandon Blackfin

So forget the property and find another one that fits your calculations/numbers or talk to the wholesaler :)

@Andrea DiPerna

I am answering taking into consideration most of the other comments.

Bitcoin is not anonymous. It stays anonymous if you receive it or use it without linking it to a transaction related to one person, one exchange, or one, for example, real estate transaction.

Every transaction is recorded in the ledger and there is history of everything.

Even if you deal with someone using black money into bitcoin, a crypto real estate transaction can't be anonymous. This person or his LLC will need to pay taxes and eventually justify the purchase, buy insurance, pay contractors and mix bitcoin with USD etc etc.

The volatility of the bitcoin can be a problem in real estate.

But you Don’t need bitcoin to buy and sell houses can easily use a Stable Coin (you can google it, but basically is a coin that represents 1$ always or 1 euro always).

Someone with Bitcoins can buy a stable coin and buy a house. And who receives it can exchange it to USD, keep it in Stable coin or exchange to any other cryptocurrency. A stable coin is a Cryptocurrency and his value is stable. So it’s like having the amount in USD and you don’t need a bank to use it or store it.

Crypto can kill escrow where a smart contract (google it) can regulate what happen and when in a real estate transaction.

And crypto is faster. Can receive the funds in 1 minute and less, transactions are irreversible, and the cost is much more cheaper than a bank transfer and than using a escrow.

I believe the agent can’t be replaced.

@Joe Villeneuve

Hi Joe, where 125k/400 cashflow, in Michigan?

Thanks

@Neil Polehn

I would diversify and invest in 3 different states.

It’s more complicated but you can “play” with cash flow VS appreciation and put your eggs in different baskets.

It takes time, but are you in a rush? Post Covid will bring a lot of opportunities, unfortunately for some people a lot of foreclosures, for some others better prices.

@Maya Gorski

Most of the agents will drop you, as their drop other out of state or out of country investors.

They think, wrongly, that you will lose their time if they need to explain things, send referrals, help build your real estate business in their state.

They think, wrongly, that they are the best and deserve buyers that will close same day, will buy without checking and bla bla bla.

They think, wrongly, that you will never buy.

Now, there are buyers that are very heavy to work with, and they will probably never buy.

But there are many other buyers that want to buy, have the money and just need guidance and patience.

All these agents that don’t return calls or emails are the fortune of smart agents that deal with each client as a potential buyer and with respect. They make money in the long run, always. Even if the market is bad.

They build their reputation and trust, nothing can win reputation and trust. Even a bad market can’t win it.

So, keep doing what you do till you don’t find an agent that understand that you are not buying some cake for few dollars, you are buying a house, and you deserve maximum attention.

@Natalie Schanne

Hi - unless I did not understand your calculation properly, how do you profit $5150 in Ewing with 550$/bed?

@Jerryll Noorden

I like your energy.

I can agree that digital marketing and SEO can bring targeted business. I can agree that future is in automation and business done online make everything faster and, sometimes better.

But you came to sell your service here :)

I know SEO very well. As thousands try wholesaling and failing driving for dollars, thousands fail with SEO.

And to be precise, 99% fail.

You forgot to mention that SEO costs money, these leads don’t fell into your funnels and CRM because you are handsome.

They fell because you bought links, guests posts, built PBNs, did some digital PR and wrote contents or paid a content writer.

SEO takes times. Sometimes years, in good cases months. Do you want these folks to wait 15 months before they see one lead and spend 3k a month SEO?

Most of the investors don't understand what does it mean to pay money every month to see zero ROI. They don't understand ranking, they don't understand keywords and they don't understand sandbox.

Nothing is free out there. SEO costs thousands of dollars a month, if done properly. Anything else is spam or least one season. Unless the keywords you rank are very easy, which make it cheaper and faster.

Also, seem to be you found a gold

mine with your SEO tactics and bringing thousands of leads for your wholesale business. Why do you need to do SEO for some folk?

No offense of course, but for someone like me that breathe SEO every single day, your sale pitch is nice, but too easy to achieve.

Of course, it might be you are very good in your job and can rank in few months ( I did not check your sites in semrush and href but I see you use exact keywords in the domain) .

I simply don’t like when someone want to picture easy success. Success comes from hard work, skills, luckiness and determination.