Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
Results (10,000+)
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?
Evan Grant Complete combination and gut remodel two lofts in NYC
14 January 2025 | 0 replies
Personal raise How did you add value to the deal?
Izraul Hidashi If a Borrowers Promissory Note Funds a Loan Who Is The Creditor?
15 January 2025 | 34 replies
I called that person two more times just flabber ghasted that I actually got a banker to admit this info is legitimate with many more questions.
Bruce M. Large RV or Boat - Tax incentives, Tax strategies
13 January 2025 | 7 replies
Buy it personally, and rent it full time to my C-corp?
Andres Ortiz Referral for "boots on the ground"?
14 January 2025 | 17 replies
It has worked out for me, but I'm wondering if anyone else has another person they trust that I can float other, similar tasks to?  
Chris Seveney What is the Best Way to Grow as a Private Lender
13 January 2025 | 15 replies
By year 5 we had around 55 people.We did hire a marketing person but frankly marketing wasn't our strong suit. 
Camille Romero Real Estate Advice Needed
22 January 2025 | 31 replies
@Camille Romerounless you are able to spend some significant time in your chosen location in person, and work on building a network there, i would pick a market closer to NYC, within a couple hours.  
Johan Tejeda New Investor Seeking Connections and Mentorship Opportunities!
16 January 2025 | 7 replies
They are the best thing to add to your own personal knowledge, books, and podcasts out there.
Bryan Zayac Residential Development Costs
17 January 2025 | 2 replies
I have personally wanted to build my home on this land for 10 years, as I've always been interested in this.Issue is, I've never done any work with residential development, only smaller land development, about 13 acres, and commercial, all on my own.With the residential development, I'm trying to get a sense of anyone in the space currently and what some ballpark costs might be for infrastructure and how that all works.
Chris Clarkson Selling business/building and want to reinvest into real estate
17 January 2025 | 11 replies
personally have been an investor in Chattanooga since 2021 and the market has shown tremendous growth and strength, and I'm super optimistic for the future.