All Forum Posts by: Kai Kopsch

@Federico C., welcome to the BP community! Congratulations on your inaugural post – it's like your first step on the moon, but with less risk of tripping over a rock and more about not tripping over real estate regulations.

You'll find a galaxy of free real estate investing content here, but remember, it's mostly tailored for the American market. It's like trying to use a map of New York to navigate Rome – the streets might look similar, but good luck finding your pizza place. 

Keep exploring. I'm from Germany and started to invest in US RE around 2008

nice map thanks

American Express offers tailored benefits and rewards for those in the Real East industry. The personal credit card options, such as the Amex Gold and Platinum, are perfect for frequent travelers as they quickly pay for themselves with travel perks and rewards.

For real estate professionals, the new Hilton Honors Business Card earns 5X points on all purchases up to $100,000, while the Blue Business Plus Credit Card offers 2X points on all purchases up to $50,000. Additionally, American Express provides credit lines tailored to real estate investors' needs AMEX Blueprint Business.

Chase Ink and Navy Federal also offer excellent credit card options for real estate professionals, with the potential for high credit limits up to $100,000. These credit cards are known for their generous credit lines.

@Mickael Castillo Rental listings on platforms like Facebook or Craigslist carry a higher risk of scams. In contrast, sites like Zillow verify the owner's status before listing a rental, ensuring a more secure experience. The safest way to rent is through direct MLS listings on platforms like Redfin, Realtor.com, and similar sites. These listings come from licensed Realtors or property managers, allowing you to check their credentials online. To qualify for rentals, having good credit is essential. If your credit needs improvement, consider moving into a short-term rental (STR) or medium-term rental (MTR) while working on fixing your credit. You can also contact local Realtors for assistance; for example, here in Charlotte, I work with clients who are not ready to buy or rent. I have lenders who are willing to help with credit advice and take my clients on until they are ready to buy.

Tenants in B+ to A- class neighborhoods tend to stay for longer durations compared to those in C class neighborhoods. This could be attributed to the higher quality of life, better schools, and overall satisfaction with the living conditions in the more upscale areas and there is no thing like 0 vacancy. 

@Rob, welcome to BP. Charlotte is an excellent area for Real estate investing.

Gary Keller's "how-to" guide  "The Millionaire Real Estate Agent Guide" By the way, Keller Williams has an excellent education to get started. My wife got her RE license 5 years ago. She first worked for a Keller Williams team as the transaction coordinator, got all the free RE education classes weekly, and got hourly paid. She worked there for a year, got hired by a builder, and sold hundreds of homes since then, making more money a month than she got paid yearly in her previous job. 

If I had heeded all the advice from those cautioning against becoming a realtor, I would never have owned any real estate. 🏠🔑 The problem with wholesaling is some restrictions that unlicensed wholesalers need to be aware of. Like many other states, wholesalers in Florida cannot represent a buyer or seller in any real estate transactions if they do not have a real estate license. 

Wholesaling is an exit strategy for REI, and to do it right, you need a marketing budget of $10K+/monthly and the cash to buy the property if something goes wrong. As a wholesaler, you sign a contract with the seller that you buy the property. If your plan is just to sell the contract to someone else, it is contacting a real estate transaction without the license. Selling or leasing real estate without a license can be a felony in some states.

Getting an RE license doesn't break the bank, and you get paid for education if you work for a team. To be clear, you don't need a license to get started, but it's ten times more likely to get a paid job in RE having one. 

After you apply for your line of credit, Amex will assign you an account manager. The application is done in 10 minutes online, but I highly recommend establishing a good relationship with Amex before applying. If you have a private card with them apply for a business card first typically they give you 10K as a new business client you can 3X every few months your credit limit on that card and after a few cycles go for the blueprint credit line.