All Forum Posts by: Jonathan Greene

If you are trying to come up with a way to finagle the occupancy requirements while using an amazing loan (that you earned based on your service) like a VA, I would say you are starting off on the wrong foot. The only thing you should be doing with a VA loan is using it the way it is intended. Not all VA loans are owner-occupied as the VA gives you an allotment so you can have multiple properties with VA loans depending on what they clear you for.

Those are video game calculations. You can't decide which one to choose based on the minimal information you provided. That's not even the tip of the iceberg; it's so far away. Have you bought commercial multi out-of-state before?

I have at least ten colleagues who have done flips or BRRRRs in Philly. Almost all of them have done very well, but you really have to know Philly block-by-block. You live there now? If so, you know how the neighborhoods break and that the appreciation trajectory can be diametrically opposed within a block. The wholesalers in Philly are comparatively decent in my opinion and there are still deals there.

To be successful in Miami, you would need to have some serious capital to compete with the groundswell of experienced investors and developers. Are you saying you left real estate in 2024 and want to come back in 2025 to wholesale in Miami? Why wholesaling?

The BRRRR strategy was great a couple of years ago, but it's much harder to do now because of the high interest rates. It can be done in smaller towns, but the margins are still very tight. All of the BRRRR propaganda was from when rates were very low. Where do you plan to find your deals? Unless you are finding off-market opportunities direct to seller, I can't imagine the deals working on BRRRR.

Exactly. Automation with human oversight. The majority of people are using AI the wrong way. It's like a rough draft or an assistant, not you. It's like investors who hire property managers and don't manage them - they lose money.

 No, I highly doubt it. It's not your first house.

That is an ops disaster. This is where automation in the business has gone awry. If the word star or review comes up, it should disable the automation and ping the owner if they have an automation set up. You did the right thing. I honestly give 5 stars when I shouldn't because I feel bad, but I give them feedback the whole time on what is broken and if they are responsive I feel like it's ok and then I still include what to look for in my review to help others.

Why wholesaling to start? Most people who want to start in wholesaling think that it's a great way to earn income to become an investor. For a select few, this can be true, but wholesaling is much harder to get off the ground. Your best bet is to find and contact all of the top local wholesalers and go to work for one of them and see what they do right and wrong and see if it's even a business you like. Pair that with going to real estate investor meetups and you will start your journey.

Welcome. Yeah, you don't want to try to house hack in LA based on the price points out there vs. what you can get most likely. Are you planning on staying in that area? Would your parents be interested in partnering on a duplex where you live in one side with a roommate and manage the other side rental? That would be a great avenue to explore since you are in an expensive market.