All Forum Posts by: Cortney Arenstein

@Kevin Wood Hey Kevin I would love to bend your ear a bit. I did my own intense Sub market analysis and cross referenced zip codes with property prices and rental rates to come up with my top 3-5 zip codes for BRRRR. Mostly I'm curious if I got close to what the pros are getting! I'll shoot you a DM!

@Nick Koren

Yeah actually. I think the ethical thing to do would be to NOT provide comps. And to make it clear that your asking price is negotiable so that all investors know they MUST get their own comps from a non-biased third party and that they are welcome to begin bidding at the ACTUAL market value of the property in question and not the intentionally massaged value provided by the wholesaler/seller’s rep.

This would help first time investors make better choices and avoid overpaying based on what is essentially false advertising. Just because you SAY “but do your own due diligence” doesn’t make it all OK that you over valued a property through creative comps.

But hey. I just asked a VERY simple question of the group. The response has been pretty intense and overwhelmingly negative. I actually figured that maybe I was missing something (positive) since typically a company doesn’t stay in business for very long if they are blatantly bad for their customer base. I expected a more balanced response myself. Color me slightly more surprised than I had anticipated.

🤷🏻‍♀️

@Joe S. Pretty sure the buyer pays for the double close. Plus other fees.

@Wale Lawal

I definitely struck a nerve here! Lol.

It is crazy to me that there are ZERO regulations on wholesalers. Just like it’s crazy to me there are ZERO regulations on relocation companies (who regular cheat agents out of commissions they absolutely should NOT be entitled to) and crazy to me that getting your RE license has such a low barrier of entry (waaaaay too many terrible agents muddying the waters in my neck of the woods.)

My access to accurate comps saved me for sure. It scares me for the average investor though. It’s ALMOST a case for most investors holding a license so they can learn to run good comps. Almost. Or maybe an appraiser license even. Almost.

Finding those “good” wholesalers seems to be something everyone says to do but no one is willing to share their guy/gal and for obvious reasons. You don’t advertise where your gold mine is located in the Wild West. 😂

bump. ANy thoughts?

Launching the Houston area Meetup of The REal Estate InvestHER!

Fellow Houston area lady-investors! Let's meetup in this outdoor space that allows for safe social distancing and network! This meeting is the first ever Houston-area InvestHER meetUp, so depending upon the turnout we may keep the format casual and informal this one time. Come with your big, specific "ASKS!" What do you need RIGHT NOW in your real estate investing journey? Ask the group and watch the magic happen! (I am still looking for potential speakers so if you are interested give me a holler! TExt for fastest response: 832-279-8362) 

$15 event fee goes toward future meeting venues, audio equipment rental, and guest speakers. Venmo preferred to @Cortney-Arenstein

InvestHER Mission Statement:

Our mission is to support and inspire WOMEN real estate investors
around the globe to live a financially free and balanced life. We are
dedicated to creating empowering online and in person communities
where WOMEN have a non-intimidating environment to ask questions
and receive the support they need. Our vision is to see all WOMAN
investors achieve HER financial freedom goals on her OWN terms.

https://www.meetup.com/the-rea...

@Steve Rozenberg WOAH! The man, the myth the legend! Thanks for chiming in here, fellow Houstonian friend! I'm a huge fan! "certain names of certain people and certain companies come up in a good light and other ones will come up in a not-so-good light" Man, I'll say! 

I’m launching the Houston area InvestHER meetup. Looking for lady investors or other female real estate professionals from supporting industries (attorneys, cpas, lenders, title, contractors, project managers, etc) interested in joining us and presenting to the group. We are starting small and informally so no need to feel pressure to give a full blown “talk” unless you have one in the chamber! First meeting (I’ll post it officially on the events list too) is Feb 24th at Eight Row Flint in The Heights. 6pm. Find the event on Meetup too! Hit me up via text if you know someone or ARE someone willing to come speak. Feel free to come be casual and informal too if that’s your preference! 832-279-8362

Yep. I see the same thing. That double close, plus no refund on the EM eats up the narrow margins. 

How did you find out what the winning bid paid?  It was all so bizarrely clandestine "go to your car and text me your bid after the showing." I went to ONE in person showing with them and saw the same thing--yeah I COULD do $5k of repairs to make this "rent ready" but that is a sh*tty business model when it really needs $25k repairs to be worthy of human life. (Not my bag, baby. I have no interest in being a slumlord--there is more to life than squeezing blood out of stones) 

I have been to three other "in person showings" with three other wholesalers and it was either conducted as an auction or they just said "email me your offers." But the community of investors that showed up all had a nice chat about the property and repairs and value...