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All Forum Posts by: Oladimeji Sonibare

Oladimeji Sonibare has started 14 posts and replied 68 times.

Thanks, man. I’ll keep all of that in mind.


@Dom Battezzato

This was super helpful, @Kushaal Malde.

What was the biggest learning curve, for you?

Thanks for the feedback, Mario!

Where’d you find the data you needed? Any tools you’d recommend for this?

@Mario Delgado

Hello!

Is it possible to list an apartment that I don’t own on AIRBNB, VRBO, etc? How can I use an apartment that I’m renting to create extra income?

All of this assumes consent from my landlord. I just need to know if I’d be breaking any laws. Thanks for the help!

Quote from @Oladimeji Sonibare:
Quote from @Mohammed Rahman:

Hey @Oladimeji Sonibare - I've worked with a few different wholesalers and a lot of them have mentioned they spend a decent chunk of money in marketing (they're focused in LI and NYC not sure if that's the areas you're also focused on). 

In terms of finding interested investors to assign the contract to, it's relatively easy as people are always looking for deals and don't mind paying a fee if the numbers make sense for them. You can network with a few agents that work with investors (I am an investor and an agent too, happy to help out feel free to DM me). 

The hard part is finding the actual deals, not the buyers for your deals. 

I know another active wholesaler that is also in the forums @Jean Tranquille who might be able to chime in; we bounce deals off of each other and I'm happy to connect any of your deals with my buyers if the numbers look good. 

You're always of great help, Mohammed. Thanks for the reply. This definitely helps but my biggest concern with wholesaling is that I'm not sure how to accurate estimate the ARV of the property without having to pay contractors and/or appraisers to tour the property. How else can I be sure that the numbers make sense? Is there an alternative to that?

@Mohammed Rahman 

Quote from @Garrett Gruss:
Quote from @Oladimeji Sonibare:

Hey, All.

I'm trying to figure ways to best save towards my first investment property. I've considered house-hacking, but I live in NYC, so I'm pretty much priced out. I'm currently considering renting an apartment in NJ and hosting an AIRBNB out of my landlord's property, with his/her consent.

Seems too good to be true though. What do you guys think? How likely is this to happen?

 What does your lease say? Is this allowed? 


 Hello, Garrett. I don’t have a lease yet. I’m trying to figure out if I can/should sign one for this purpose. If it’s legal/likely. 

Quote from @John Underwood:

There are a lot of risks. Read through past posts on this forum.


Thanks a lot, John.  

Hey, All.

I'm trying to figure ways to best save towards my first investment property. I've considered house-hacking, but I live in NYC, so I'm pretty much priced out. I'm currently considering renting an apartment in NJ and hosting an AIRBNB out of my landlord's property, with his/her consent.

Seems too good to be true though. What do you guys think? How likely is this to happen?

Quote from @Mohammed Rahman:

Hey @Oladimeji Sonibare - I've worked with a few different wholesalers and a lot of them have mentioned they spend a decent chunk of money in marketing (they're focused in LI and NYC not sure if that's the areas you're also focused on). 

In terms of finding interested investors to assign the contract to, it's relatively easy as people are always looking for deals and don't mind paying a fee if the numbers make sense for them. You can network with a few agents that work with investors (I am an investor and an agent too, happy to help out feel free to DM me). 

The hard part is finding the actual deals, not the buyers for your deals. 

I know another active wholesaler that is also in the forums @Jean Tranquille who might be able to chime in; we bounce deals off of each other and I'm happy to connect any of your deals with my buyers if the numbers look good. 

You're always of great help, Mohammed. Thanks for the reply. This definitely helps but my biggest concern with wholesaling is that I'm not sure how to accurate estimate the ARV of the property without having to pay contractors and/or appraisers to tour the property. How else can I be sure that the numbers make sense? Is there an alternative to that?

Hey, @Chris Piper. Thanks for the post. Is there a way to efficiently estimate the ARV of the property without having to pay contractors and/or appraisers to look it over?

How do you manage this without having to spend several hundreds on potentially every lead?