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15 January 2025 | 1 reply
My goal Is to help get items of value/desire back into the 2nd hand market instead of getting just thrown out.
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19 January 2025 | 21 replies
Have you considered which markets or property types you're interested in?
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10 January 2025 | 5 replies
fix and flip and now on the market for saleAmazing.
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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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10 January 2025 | 67 replies
No free lunch in this market!
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20 January 2025 | 19 replies
@Lori Edelman if you want a better experience, in a better market (Detroit), DM us please.
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21 January 2025 | 13 replies
I have quite a bit of experience in the Detroit market and even have a few Section 8 tenants myself.
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31 January 2025 | 28 replies
This also lets investors manage maturity dates, guarantor exposure, market exposure and other factors.We service loans on our balance sheet and manage construction draws for all loans we originate.I am happy to answer any additional questions or provide additional insights.
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18 January 2025 | 2 replies
If all of them have a garage and yours does not that will either put you at a lower ARV then what you thought, or a longer time on market.
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14 January 2025 | 5 replies
Selling your share at fair market value could avoid gift tax but may trigger capital gains tax for you based on the sale price and your cost basis.In California, the transfer may also trigger a property tax reassessment under Proposition 13 unless a specific exemption applies.