All Forum Posts by: Larkin Adey

@Brittany Shearer

Low CAP rates, renter protections, and a ballooning market are reasons seasoned investors are taking profits and holding cash here in the TC.

This is a very long discussion, but if you are relatively new - find an experienced partner and move forward cautiously.

@Justin Badillo

Well, over the last 5 years the best wholesalers created large businesses and use massive direct mail marketing campaigns to gobble up most of the quality leads the market produces. I'm talking 40-60k per month in marketing budgets these days.

If you can compete with that, fine. If not, you need to find a niche, or an undiscovered pipeline/funnel - don't follow the crowd. There may be opportunities in the collapsing commercial space (think small retail and covid)

I sell Real Estate, flip houses occasionally (when I find an actual deal), am a partner in a development, and own multifamily properties. So - I'm no innovator, just an average investor.

@Mindy Jensen

Banks are lending at 5% on non owner occupied.

I agree with Mindy on this one. Scam.

We just took gap funds to close a deal from a known associate at 8%.

Hard money is 2 points/10% minimum.

@Chris Gawlik

November 7th. Pandemic ends.

@Justin Badillo

It's a cyclical business model, most will have to make major adjustments to survive the next few years. It's a crowded field and there will be innovation by some, and many will go away.

4 years ago it was a legitimate approach, but things move fast in this industry.

I stopped reading their emails about 6 months ago.

It would be unfortunate for investors, the economy and hardworking people like us here on this site. Maybe he will forget about it...

We have to wait on some evictions this spring due to Covid, and given some of the current policies in CA I would be very, very careful. You may end up providing a shelter for squatters for several years if this thing drags out.

Good luck Steven.

@Wade Kulesa

Leverage = scalable business. Companies carry debt, period. It is a method for growth and expansion.

The idea is to avoid over-leverage, not to avoid growth and expansion.

@Junix Alcayaga

A local broker, and a leap of faith.

Spend six months building a relationship and only buy when you feel comfortable.

@Larkin Adey

*knows.