All Forum Posts by: Peter Matthews

Is wholesaling a viable option for entering the real estate field? I've come across mixed opinions... Wholesaling requires a solid understanding of the market and accurate rehab estimating, but it also has a relatively low barrier to entry. As someone who recently graduated with a degree in construction management, I'm curious to know if wholesaling could serve as a suitable entry point into the real estate industry. I currently work as a residential/commercial project engineer so I am familiar with the rehab process. 

Hey guys! Came across an article today that was pretty fascinating. 

According to the Toll Brothers CEO, Douglass Yearley, 90% of outstanding mortgages in the United States are under 5%. Due to the recent hike in rates, existing homeowners are reluctant to give up their low rate mortgages. Thus, leading to historically tight resale inventories.

He goes on to state that "approximately 35% of homes currently for sale are new construction compared to the historical norm of between 10% and 15%."

Will new construction continue to climb? How do you think this will impact real estate investing within the next couple of years? Just curious to hear everyone's thoughts. 

https://finance.yahoo.com/news... (Here's the link if anybody is interested)

I'm excited to introduce myself as a licensed real estate agent with a Master's degree in Construction Management from the University of Washington. Currently working as a full-time project engineer, I am actively seeking part-time real estate assistant positions in the Greater Seattle area. With my background in residential construction and a strong passion for learning, I am confident that I can bring significant value to an experienced agent. Specifically, I am particularly interested in working with an investor-friendly agent. If you or anyone in your network is in need of an assistant, please don't hesitate to get in touch!

Thanks!

Pete

I have the same question!

Hey everyone! I'm seeking advice on potential locations for both relocation and investment purposes. Currently, I work as a residential and commercial project manager in Seattle. I hold a master's degree in construction management from the University of Washington and am 24 years old. Having grown up in New Jersey, I'm potentially planning to move closer to home within the next 12 months, with the Carolinas, Virginia, Maryland, and Delaware being on my radar.

With a strong background in residential construction, I aim to continue my project management career while exploring house flipping opportunities on the side. I'm particularly interested in expanding markets along the East Coast that are not excessively expensive. Any suggestions from east coasters?

Also, if there are any investors in the Washington area who would appreciate insights into estimating rehab costs, hiring subcontractors, and similar topics, please feel free to reach out!