Ray J.
2nd STR investment property in Myrtle Beach is LIVE!!
9 July 2023 | 13 replies
I hope you can celebrate in it before the peak season. :)
Steven Libman
Pursuing Financial Independence through Real Estate
11 July 2023 | 0 replies
In today’s episode, we’ll tackle the intrinsic link between the pursuit of financial independence and the founding principles of the United States.The link between the pursuit of happiness, financial freedom, and real estate investingAs we celebrate the 4th of July, let's delve into the relationship between financial independence, freedom, and real estate investing.
Kevin Ulysse
New To Real Estate Investing/ Wholesale
4 March 2017 | 6 replies
I'll give you a example ..lets say you and i ( a investor that buys and rehabs to flip ) get together on a deal that you found and you just mark it up a bit .. in order to make a fee if you will .. so if you sell it fir a resonable price and leave plenty if room fir me to make a orofit after rehabbing it .. then we do another .. and another .. soon you will call me first because you and i have built that relationship up to where you know as long as the property is investable and rehab-able then you would have a 99% chance of selling it to me before you even get it under contract .. it would certainly help you if you knew the market $$ and rehab costs as well or you may get stuck with a property and get sued by not being able to close on it .. but most wholesalers have a way out of the contract with homeowners in case they cant find a buyer .. there is controversy when it comes to this and may be illegal one day soon but for now .. people get away with it .. myself i would just be honest when approching homeowners and explain that you know a bunch of all cash buyers that would be interested in their house and you can guarantee a certain price for them .. explain that it is the buyers who pay your fee .. like i said before ... more flies with honey ...
Aaron T.
What percent are you using for maintenance, vacancy, PM, etc???
20 December 2018 | 130 replies
Even though this would be a misinterpretation on their part, the language and style of your response would also be partially to blame for facilitating the misinterpretation.Perhaps a more responsible and helpful way to make the same point would sound something like this and elicit no controversy: ""Having been in the business for many years and with several properties under my belt, I have found the following percentages to be relevant to me and my market...8% vacancy8% repair7% capex10% managementPlease understand that your chosen market may and probably does differ, for instance repairs and vacancy may be higher if you're dealing with rougher asset classes, labor costs may be higher in luxury markets, etc.
Brandon Penn
HIT MY GOAL OF 100 UNITS!!
13 August 2023 | 230 replies
@Brandon Penn I celebrate your success and exceeding your goal!
David B.
Renters her deducting security cameras and monitoring
8 November 2016 | 64 replies
Unless I was living in a huge house or a celebrity a 16 camera house would make me uncomfortable.
Jake Burhans
Investor Friendly Brokerages?
22 October 2022 | 7 replies
Hey @Jake Burhans, this topic is very controversial.
Scott Choppin
Lifecycle of a CA Multi-Family Development Deal
8 October 2021 | 151 replies
If you think you may have a controversial planning process, such as neighbors against your project, you may want to use this structure to meet and try and resolve controversial project and plans.Option Contracts - more often used in very long term land purchase structures.
Jeff Cliff
2020 ADU ordinance in California
4 December 2019 | 2 replies
Also, in the city I reside in, 2nd story ADUs are very controversial due to privacy concerns and so the city has imposed height & size restrictions, prohibited balconies & decks, restricted location of exterior stairs, requiring opaque windows and the like.To start, I would suggest an architect who has experience with ADUs who is familiar with the variances of your jurisdiction.Good luck!
John C.
Is wholesaling legit, legal or worth the time?
12 June 2021 | 120 replies
So please keep the belittling talk to a minimum.Perfect then you have no worries right and answered your own question WHY is this a controversial subject and why is it not legal in the great state of MS..