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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?
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17 January 2025 | 0 replies
It sat on the market and dropped in price a couple more times at which point we decided to make a new offer.
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10 January 2025 | 13 replies
This TDR is a new program that has been in development for 30 years and should ignite into an active free market for credits this coming July 15.
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14 January 2025 | 11 replies
@Brittany MyrickIf I were getting started in real estate investing in New England, I’d focus on researching local market trends, especially job growth, rental demand, and the broader economic outlook.
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25 January 2025 | 8 replies
@Shane Smith Not familiar with flipping franchises, but if you are needing marketing and lead gen this could be helpful.
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15 January 2025 | 9 replies
Be sure to check out the free tools BP provides to help analyze deals you may have and also market insights.
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23 January 2025 | 3 replies
I see you've had the property on the market for a while, which must be frustrating, but what will it take to put a transaction together?
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16 January 2025 | 3 replies
Are you looking for more SFR in the same price range in your local market?
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22 January 2025 | 5 replies
John and Andreas it would be great to connect with you all, as I am in the Nashville market as well.
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9 January 2025 | 4 replies
It's an old metric that many do not use in today's markets.