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All Forum Posts by: Wyatt Wolff

Wyatt Wolff has started 6 posts and replied 452 times.

Post: Zillow rent estimates on some properties look too high to be true

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

As they said above, make sure to do your own comps/ get a realtor to help you. 

I have a feeling that they are not accounting for the actual property type, just location and sqft/bed and bath. They have an algorithm that runs and applies estimates to the properties. They don't have people actually going behind and checking. 

Post: Looking connections for my business

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

The forums are great, local meetups, as well as cold outreach. Oddly enough, I have found RE professionals are pretty warm as long as you are personable and aren't just immediately trying to ask them for things. Good luck! 

Post: Success with niche sites? (Insurance, Traveling Nurse, CHBO)

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

I'm sure that some of the sites work and will drive some results, but I would be very curious to see a breakdown of a personal reach out system to large hospital networks, local companies HR, etc. 

I would probably do the sites, and then try and drive my own traffic as well. Grow your demand, then acquire more. People still travel for business, if you can capture that, you'd have more demand than you know what to do with. 

Post: Tenants broke up and girlfriend refuses to leave the house

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

Thats rough. I would definitely find out your options based on local laws, and then try for an eviction. Her not leaving is his problem now, but if he leaves, I bet she stays. That makes it your problem. 

Post: Being the BEST Operator

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

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

Post: New to investing

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

Second what Nicholas said... are you in a good position to begin investing? If yes, then figure out what you can afford. Once you know your numbers, then you can evaluate different strategies, etc. 

Post: Next steps advice?

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

Get preapproved, so you know what you can afford. Then, look and see if any properties fit your strategy that you can acquire at that price point. If not, THEN would be the time to consider refi's or something like that. 

Pull all of the easy, low cost levers first. 

When rates drop, prices go up (in general) 

Post: Achieving money-partner's required rate of return

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

Debt, not equity. Give them a return that they are comfortable with and terms that you both agree on, and then go from there. 

Post: Private lending using self directed 401k

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

I would definitely have these conversations with your financial professionals. I know a guy who does this,

Maybe he can offer insight 

Post: Jumping back in to US markets from England, and would love to connect and learn!

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

Love it! If you have any financing related questions, please reach out! Would be happy to help!