All Forum Posts by: Dreyson John Kuikaika Mahi

@Erik Ped

i personally have heard Midwest and Southeast are great area to invest. What i did myself was make a list of area in Midwest and Southeast that id invest in then do a deep dive about each state to see what it has to offer. I hope this helps!

@Rebecca Hays

1) yes

2) you dont *need* an LLC. it offers extra protection, but it shouldnt stop u from investing. if u really care to know more, talk to an attorney.

3) I recommend house hacking.

hope this helps. and not to put you down, just know wholesaling can be tough - as long as u are effective and take meaningful action consistently you'll succeed. i wish you the best of luck and good choice making!

I'm not from the Cleveland area, but I wanted to say this is a fun post. Dropshipping isn't the easiest so I give you props. Besides that, I hope you've been educating yourself in other ways than just a podcast! I've personally loved books, YouTubers, and Instagram pages. Keep it up, Chase!

First off, we appreciate everything you do and I wish you the best. Secondly, the best way to understand a market is to start looking at the market. It could be as simple as looking on Zillow to help show you what you might want in said area. I think a big plus too would be finding a real estate investors club or meet up that is held in the local area and attend if you can. Considering the 12 months I don't know what to say, I would suggest reading books - if you want some recommendations feel free to message me!

Technically, no. If you don't go with a realtor you'll need to have a closing agent or real estate attorney depending on your state. The benefit(s) of going with no realtor (to me) is that you won't have to pay their fees which could possibly make you more on your deal. The cons w/o realtor is that the process may be harder given you'll most likely have to work directly with the seller which isn't always fun, from my experience. If you choose to go with a realtor I know that they'd probably make the process easier, but yes those fees will have to be paid somehow. Just a note: you could ask the seller to pay the fees if you think they'd be willing to. I hope this helps, if anyone thinks I'm wrong please correct me as I'm trying to learn too!

Before I say anything, just note that I haven't fully been a part of the number planning that goes into fix and flips. I personally would think that you should 1) learn how the taxes would affect your profits 2) find and compare both potential profit numbers (sell now vs. sell after 2yr cap gain exemption) then 3) pick which one suits you! I'd love to hear which one you go with because I'm learning too. Hope this helps.

As someone who gave wholesaling a knock and really cared about the numbers, usually all fees are included in what you're already said to pay. To be safe I'd just ask the wholesaler you're working with. Hopefully, I got to you in time and I hope everything can go as smoothly as it can!