All Forum Posts by: Brandon Stone

just saw this. I just emailed you!

hey the email did not work. Can you add me at [email protected]

Is this still going on?

I'm buying a wholesale deal and there was no close date on the contract. Ok, yes I made that mistake of not realizing it, but I was more concerned about the deal! I know you have been there too! I assumed it would be 30 days, or sooner as it was a wholesale deal. The contract was signed September 12, and we are set to close Nov 1. Since then, I've realized I don't really want the deal. Is there anything wrong about this? Like how is there not a close date? Is there any laws on my side? In theory, we could close 2027? 

 not necessarily. Unemployment is expected to rise which will put pressure on renters. Its a good time to be dynamic and to potentially exit on any properties that do not perform well. As much as I like real estate, cash is king, and you need to be positioned in a way where you can enter the market at any moment. 

mortgage requests are at an all time low. I think inventory is going to grow a ton and prices will drop. Whatever you buy, buy 60-70% below ARV to cover yourself. I wouldn't buy a home right now either, its WAY cheaper to rent.

I feel a great way to "make money in real estate" is from not doing any real estate, telling people how to do some kind of real estate, and posting it all on social media. I want to actually leverage what I do into social media and potentially have that generate some kind of passive income either through add revs, or deal flow. Where are my social media people at and how do I get started in this? I am doing some really cool projects. Im flipping a house that used to be an old bar, I bought a 14 unit with empty land and putting mobile homes on it for more cash flow, im flipping properties people got shot at, and ive had some great success! and some MAJOR short comings. I got a story to tell, and its organic. How do I get it out there, and what's the best way to do it without breaking the bank. 

100% agree.

but if you can’t afford it, I wouldn’t push it right now. 8% or whatever is a lot of interest. 

 Im just thinking and trying to be proactive. I think its more of having a contrarian mindset. I remember trading stocks 1.5/2 years ago thinking that I was the best trader of all time, only to finish the year negative lol. Nobody has a crystal ball, but I think what I said makes a lot of sense from a macro economic perspective. Whats your take on things?