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12 September 2018 | 0 replies
Some cannot come up with money for a down payment, while others are wary of getting back into a market that once burned them.For many, the American dream is now out of reach.
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16 September 2018 | 60 replies
become a broker and get in the industry its very tough as well 50% burn out rate but 10 years in your in a very good position.. my wife has 25 years in and all her business is referral she spend ZERO on marketing and is at I think 13 million in sales so far this year... pretty nice... also the mortgage industry is a nice space.. become a HML … I closed a loan yesterday and made a 30k fee.. it took me 3 hours .. plus I will make another 50k in interest.. etc etc.. trying to wholesale houses is one of the toughest things to do.. it really is.. just saying unless your ready to scale. and have the funding to scale.. its not a longer term gig.the big wholesalers I know are really just mid to small size real estate companies.. they have their marketing department.. they have acquisition managers that go out to the homes.. and they spend their time razing the capital they need to buy and or pay for 50k a month or more in marketing to really be a top dog broker / wholesale business..
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14 September 2018 | 1 reply
To set the stage, here are a few key points:Property:2 story townhouse2 bed / 2.5 bathMostly carpet18 month old (yep, its brand new)Situation:Nobody was hurt to my understandingTenant did not have rental insurance even though it was required in the lease per my property managerTenant admitted, in writing, they caused the fire.Kitchen fire that burned the kitchen completely and I have smoke damage throughout.
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13 September 2018 | 0 replies
If you find you are getting burned out because you are constantly up late AND up early the next morning, consider examining your overall efficiency.
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15 September 2018 | 10 replies
A simple turn, burn and cash offer isn't how you help these people.
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15 September 2018 | 2 replies
But after being burned in 2008 after I bought my first rental property I was done with real estate investing after that crash.
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4 October 2018 | 15 replies
distressed areas work pretty good.fire burn outscode violations. burnt out landlordas to how to find them.all sorts of marketing media is available.
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9 January 2019 | 96 replies
My feeling is that's changing over a bit as DOM is increasing in some price ranges, and I'm seeing more listings with price reduction in the MLS.So, I'm watching to see if some of these flippers that didn't analyze the deal for a market pullback might get burned.
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7 September 2018 | 10 replies
House flipping is a transactional business and even the best flippers are going to either burn out or hit a threshold where they can't grow any more.
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5 August 2018 | 23 replies
You want to be able to sustain this and going too hard is a good way to burn out. 2.