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9 April 2024 | 7 replies
I actually started flipping with little money and then transitioned to wholesaling because my goal is to build an active business in real estate, and for me, wholesaling was and is more scalable and profitable than flipping.People tend to think wholesaling is easy based on how gurus portray it online, but it's not.
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9 April 2024 | 7 replies
I heavily attract a lot of agents to EXP so I tend to stay on top of what's happening amongst other brokerages if you are looking at the numbers around EXP for flipping homes depending on how many flips you do per year it may look more attractive at other brokerages short term (depends on the amount of flips, price point, etc).
9 April 2024 | 5 replies
New wholesalers tend to analyze all properties the same without taking into account how small the pool of buyers is in those areas.
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9 April 2024 | 19 replies
...if the vacancies are frequent or extended, it can be a big expense, so I analyze this thoroughly.As for house-hacking specific costs, there are things like furniture/appliances/decor for the common areas of the house, costs of screening applicants (like background checks), cost to advertise, the time and effort required to manage a house hack, etc. ...although these expenses are worth consideration, they tend to be much smaller and almost inconsequential compared to the big capex expenses that can come with buying the wrong property (e.g.; you might spend a couple hundred bucks on tenant screening, but a new roof might cost $20k+).Back when I was house hacking regularly, one of the most significant "costs" was the cost of my time and effort to acquire tenants (which includes all the time and effort of posting ads, responding to inquiries, answering questions, doing viewings, screening applicants, managing tenants once they were in-place, etc.).
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10 April 2024 | 20 replies
This is an integral part of doing deals, the wholesale community maybe push the numbers in their favor to make that deal happen, that is of course not okay, and the same thing is said for agents that say they can list a home for $20K more than the next realtor just to get that listing then ask for the price reduction later (this just happened to me).This is a company that I tend to hear more bad things about then good things and that is where the caution needs to be taken into real consideration and make sure you are doing with with people that are looking for a win-win, not a win-lose/sometimes win-win which can happen in real estate more often then not if a person is not looking out for themselves.
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8 April 2024 | 5 replies
Conventional tends to be better in rates, but it's good to check as this is not always the case depending on your qualifications.
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8 April 2024 | 0 replies
This section will explain the role of ESG in real estate, detailing how properties that meet these criteria tend to have higher valuation premiums, better market performance, and lower risks associated with climate change and regulatory compliance.Case Studies: Success Stories of Sustainable Real EstateTo illustrate the real-world impact of sustainable practices, this part will present case studies of successful sustainable real estate projects.
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9 April 2024 | 16 replies
Rents tend to go up over time too.
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9 April 2024 | 13 replies
Yeah I tend to be a bit impatient but this is something I'll have to take my time with.
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8 April 2024 | 7 replies
Hey @Yoel Peyamipour If you are looking at 5+ Unit multifamily, id recommend reonomy or costar which tends to have the best commercial data out of any platform.