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14 June 2024 | 3 replies
You want to sell a product that doesn't exist.Set up your business first, then start marketing and finding clients.
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15 June 2024 | 15 replies
If your plan is to flip we help create a product that will sell quickly.
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13 June 2024 | 8 replies
I feel like a lot of these "cash" transactions are a product of homeowners sitting on record equity.
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14 June 2024 | 2 replies
This doesn't mean they are great deals, generally, in the syndication space as it is known on BP, real estate is the product, but marketing is the business.
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14 June 2024 | 13 replies
While doing that, try out their customer service and see who is friendly and knowledgeable about their product, and who answers the phone.
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13 June 2024 | 7 replies
There's a variety of ways to get a deal in front of you (I'm mostly a flipper), but basically if it looks promising, I run custom comps queries and check the current & past $/sf of renovated/distressed product in that city or zipcode.Here's a chart on 90066 I generated from my tool under Market Stats > Sales Data > Specific Zip Code:- My above chart (more available) shows the Avg Renovated $/sf (High) over time in this Zip Code, something completely different than charts/providers based on Averages/Medians only, like every other platform (RedFin Below, https://www.redfin.com/news/data-center/):- Can't select smaller locations such as City or Zipcode for their $/sf data, so it's useless helping me underwrite/verify a deal.- Can set Zip Code for Median Sale Price data, but again it's the median/avg so it's useless helping me underwrite/verify a deal.Then if that looks decent, I'll run Sales Comps, and get a quick summary of some key metrics based on those comps.
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13 June 2024 | 5 replies
This is not to say you can expect an Agent to catch everything and we are by no means inspectors or contractors, but anyone helping you purchase a rental property should have a basic understanding of rental standards to put out a good product that will attract a good tenant. - Lastly, if you are looking at real estate as a long term buy and hold strategy, you have to look beyond just cash flow.
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14 June 2024 | 28 replies
If you're offering the same product as everyone else then you're left competing on price.
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13 June 2024 | 12 replies
@John Cardinale I meant that you can use a hard money lender that offers DSCR products, as traditional lenders do.
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12 June 2024 | 0 replies
With more money, an investor can buy larger, multiple, or more productive propertiesDon't believe me - take a look at this comparison chart:Let’s say you do 10 transactions in your investing career.