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All Forum Posts by: Wyatt Wolff

Wyatt Wolff has started 6 posts and replied 452 times.

Post: Hello! Gearing up for coastal and mountain vacation rental investing.

Wyatt Wolff
Pro Member
Posted
  • Lender
  • Charlotte, NC
  • Posts 466
  • Votes 278

Hey April! 

I would recommend making sure that you understand your financing options as well. That way, you have the tools to make sure that you are best capitalized for whatever market you choose to enter. 

Development is definitely its own animal, so make sure you have a solid grasp on the financial side of the process. 

Best of luck! 

Post: Looking for an Investment Agent

Wyatt Wolff
Pro Member
Posted
  • Lender
  • Charlotte, NC
  • Posts 466
  • Votes 278

Hey Stephanie, Ill shoot  you a PM with some of my personal recommendations! 

Post: Moving to North Carolina from NJ, worth it?

Wyatt Wolff
Pro Member
Posted
  • Lender
  • Charlotte, NC
  • Posts 466
  • Votes 278

NC is booming right now. Lots of growth, and lots of opportunity. I don't know those areas personally, but I can tell you that everything around me (Charlotte Metro), is exploding. 

I am a mortgage broker down here. Shoot me a pm and we can talk more about connecting

Post: Lender information please

Wyatt Wolff
Pro Member
Posted
  • Lender
  • Charlotte, NC
  • Posts 466
  • Votes 278

I hate to hear this, that's truly terrible. You may want to try and go with someone you have a long standing relationship with. The may not be able to help, but they should be able to point you in the right direction. 

Good luck! 

Post: Real Estate investing with little money

Wyatt Wolff
Pro Member
Posted
  • Lender
  • Charlotte, NC
  • Posts 466
  • Votes 278

I personally love house hacking, as it is a great way to reduce your largest expense, get into a property with some of the best financing vehicles available, and also sharpen your land lording skills. 

Haven't tried wholesaling but I know some guys in it, and I definitely wouldn't want to compete with them. 

Post: Multi unit building

Wyatt Wolff
Pro Member
Posted
  • Lender
  • Charlotte, NC
  • Posts 466
  • Votes 278

You shouldn't think of raising the rents as a bad thing. You are providing a service. Look at comps, and see if your building/unit/ "Service" is better at that price point. If it is, great! That's a good value and you should feel great about it. If not, make it better than that price point standard. 

Quick way to be very confident in your offering 

Post: New to the Group and to Boot camp

Wyatt Wolff
Pro Member
Posted
  • Lender
  • Charlotte, NC
  • Posts 466
  • Votes 278

Welcome! 

Post, read, and interact! You will learn so much and meet so many awesome people! 

Post: Going to Investor Meetups

Wyatt Wolff
Pro Member
Posted
  • Lender
  • Charlotte, NC
  • Posts 466
  • Votes 278

I have found the best way for me is to go in and organically network. I am not looking for anything in particular except for people interested in RE. Most of my good connections have come from that, and introductions from those first line conversations. 

Much less transactional, but more lucrative and fun long term 

Post: Multi property refinance, private money, etc

Wyatt Wolff
Pro Member
Posted
  • Lender
  • Charlotte, NC
  • Posts 466
  • Votes 278

Shot you a PM! 

Post: Being the BEST Operator

Wyatt Wolff
Pro Member
Posted
  • Lender
  • Charlotte, NC
  • Posts 466
  • Votes 278
Quote from @Logan M.:
Quote from @Wyatt Wolff:

Take my vote! The first sentence alone is something that 99% of people need to hear and internalize. 

 Thanks @Wyatt Wolff I wish this was a bigger part of the investing conversation. I have yet to read anything that dives into Operating in real estate.


 I think its more of a business and life lesson honestly... become a master of your craft, and everything else becomes much much easier. I feel like too many people ignore the actual hard biz skills, and  and instead focus on number of doors or other metrics. You can make a lot by becoming good at one strategy, but if you learn and constantly work on industry knowledge as a whole, you become unstoppable.  -Shamelessly paraphrased from Andy Frisella