All Forum Posts by: Ibrahim Hughes

Doing good brother. just trying to stay safe, healthy and productive. I hope that you are doing the same. Good to see that the building/investing still continues.I'll hit you up behind the scenes to as I have something I want to share with you.

1 Vote

@Ray Reed

@Anna Sagatelova brought up a good point. Dangerous for her to move now to a new environment . Particularly one where the occupants are in a high risk group for Covid-19.

0 Votes

@Michael K Gallagher

Yesterday I watched a webinar by an NYU professor on this topic from Schack. He made a good argument for lower demand in office space resulting in conversions of that space to residential space (apartments). Particularly in high density areas. Seeing that affordable housing is still an issue, this makes sense.

2 Votes

@Mark Hove

Thanks for your input. Who are your buyers? Here in NJ (coronavirus hotspot) our normal buyers are all sheltered in but many doctor and nurses are now using this as an opportunity to buy.

0 Votes

Kyle, thank you.

Wow these are excellent tips! Thanks much!

0 Votes

Hi All. My Aunt passed away last week and I just heard from her only Son, my cousin, for the 1st time in 25 years. Long story but we're now trying to help him navigate this situation as he has no idea whether his Mom had a life insurance policy or not. She actually sold life insurance not too long ago. Does anyone know where I would begin in the state of CA? I'm here in NJ and our Dept of Banking & Insurance might have the info here if she was a NJ resident.

I see that the state of CA has a 'California Department of Insurance'. Doe anyone have a division or specific ph # that I could call? I'm also wondering if there is a private company or another government agency that might have this info. Anyone? Thanks in advance.

0 Votes

@Jonathan Cerulli

Here's one way. I think it was veteran RE attorney Bill Bronchick who called it a 'reverse wholesale'.

See if seller will allow you to put a $5k mortgage on the property representing your fee. Cancel your contract and allow the new buyer and seller to contract directly. consult an attorney to structure so that you're protected.

0 Votes

Originally posted by @Joshua Loh:

Originally posted by @Ibrahim Hughes:

@Jonah Peralta

Yeah. The cash buyers I know all tell me they'd rather buy from small wholesalers than the bigger companies because they know the "wholesale" companies have taken a huge slice of the pie and the prices they are selling at don't give them much wiggle room for rehab. When I do my comps on the properties these "wholesale" companies sell at, I am usually left with $30 to $40k for rehab, anything more and it is not gonna be worth it for flipping.

Yes as with a lot of industries, the smaller more nimble and flexible outfits will always have a niche in which to operate.

0 Votes

Originally posted by @Will G.:

Also missile silos in Wyoming= sellers market

Never heard of this term and had to Google it. Wow.

0 Votes

Originally posted by @Russell Brazil:

DC is still a sellers market. We have about 3 weeks of inventory right now.

Funny Russell because I JUST got an answer to a similar question on FB and a top Realtor basically said the same thing like 5 mins ago.

0 Votes

All Forum Posts by: Ibrahim Hughes

Ibrahim Hughes has started 225 posts and replied 1992 times.

Post: inherited 85 year old tenant but rent is way below market

Post: inherited 85 year old tenant but rent is way below market

Post: Housing Market Crash?

Post: Housing Market Crash?

Post: Where Can I Find Life Insurance Info On Someone in California?

Post: Where Can I Find Life Insurance Info On Someone in California?

Post: Can you buy and resell a property at the same time?

Post: Astro Flipping Wholesale Contracts

Post: What Markets Are Still Seller Markets during this 'Pandemic'?

Post: What Markets Are Still Seller Markets during this 'Pandemic'?