Adam Macias
Wholesaling as it is today will be a thing of the past.
12 January 2025 | 8 replies
Quote from @Adam Macias: Wholesaling as it is today will be a thing of the past.It’ll truly be strange to even hear people and gurus trying to make big money off it.The more people try wholesaling but then end up not having an end buyer or cancelling contracts or trying weird things like novations, the more all of real estate will be regulated and cause requirements like licensing to be able to transact more than just your personal resident purchase.Which I don't know why hasn't happened sooner.Here's all the states (in red or yellow) requiring a license to wholesale or at least have started the process:Credit: REITipsterI think licensing and regulation is a beautiful thing that should happen if you plan to be an wholesaler and do more than one deal... which is going to be the case for anyone taking this business seriously.Or even it being regulated to need a real estate agent to do more than one deal outside of buying a personal residence.I've had plenty of failed attempts with agents in pursuit of wholesale deals and I know exactly why, it's not because the agent couldn't find me deals, it's just not practical to think there's opportunity for the numbers a wholesaler needs to make a profit on top of everyone else needing to these days.Because the only sellers who truly can sell at a deep enough discount are usually those who ran out of time and just didn't do something sooner with their situation.I know many coaches and gurus will disagree with me but there’s no regulations on youtube gurus and what they teach either.If we look at the current state of the market in hot cities, the availability of online resources to the average homeowner, how many deals can you possibly believe are available at 70% of ARV?
Sergio N Brand
What are you investing in? Middletown, NY
14 January 2025 | 2 replies
I don't know your living situation but if your paying x,xxx for rent or a mortgage and instead by living in one side and renting out the other you will be paying y,yyy instead and y is less then x that's great, especially if you can rent out your primary residence and make income there too.
Eric Maxwell
1st time home buyer FHA live in flip
7 January 2025 | 0 replies
Investment Info:Single-family residence fix & flip investment.
Jamie Parker
First deal after a 5.5 year break
6 January 2025 | 0 replies
Investment Info:Single-family residence wholesale investment.
Kyle Carter
Programs for first time homebuyers
4 January 2025 | 4 replies
I am curious as to if anyone is aware of any first time home buyers programs for buying the first Primary Residence.
Mike Daniels
Carlsbad Flip Property
7 January 2025 | 0 replies
Investment Info:Single-family residence fix & flip investment.
Shayan Sameer
Using Home Equity for Fix/Flip or rental property
6 January 2025 | 8 replies
In some cases, after crunching the numbers, the profit margin was so slim—or even negative—that I had to pass on some promising opportunities.Here’s my situation: I currently own two properties—a primary residence and a rental property—both of which have substantial equity.
Ruben Diaz
HELOAN for hard money reserves
10 January 2025 | 3 replies
Is that amount worth risking at this time potentially having to pay from your primary residence?
Anthony Miller
Aspiring Residential Investor
7 January 2025 | 11 replies
My biggest concern with house hacking is giving up my primary residence.
Matthew Posteraro
Conservative Scaling for House Hacking
15 January 2025 | 6 replies
Keep in touch with your lending partners for each one so you can understand whether you need departure residence income to qualify for the next or not.Finally, if you're investing with a Significant other, I recommend considering a "leapfrog" strategy where you buy one, then your partner buys the next, and so on.