Jim Francis
Finding comps
1 March 2006 | 22 replies
What distinguishes most real estate investors isn't their abilty to do better, more rigorous, financial analysis of the real data than anyone else could, it's that they have the guts to pay for the real data or get it the hard way, and the gusto to leap over the edge and buy with imperfect information.
N/A N/A
rehab vs flipping
26 November 2006 | 23 replies
so in order to wholesale properties i was thinking of marketing something along the lines of distinguishing the differences between realtors (who market 100's of properties) and a smaller wholesaler (who focuses on 1, 2, or 3 houses at a time).i see the main differences being:1. a wholesaler pays alot more close attention to moving the property.2. the seller receives earnest money 3. the wholesaler, if they're good, have buyers, financing and marketing all set up ahead of time4. the wholesaler doesn't charge a % commission.5. the wholesaler works to SELL in 30 days or 45 days at the most.i know that alot of talk is going around about how a wholesalers assignment fee is like a realtors commission - but i mean, that's just downright ridiculous.a wholesaler signs a CONTRACT TO BUY...whereas the realtor signs listing agreement.
Joe Luciano
Just Starting with buy and Hold - LLC or S Corp Needed?
29 December 2013 | 29 replies
A lot of what is being talked about is making oneself less visible and less attractive to being sued.
Morris Lucas
Atlanta Wholesale Deal Lost..Seller won't do contract
8 January 2014 | 22 replies
In it's present condition, i can't see it selling past the 32k, that may be the high end actually.I'll wait them out, maybe i can come back in a week or so and get it at $3-5K if they get desperate and don't want to risk not getting anything.By the way, how would you distinguish if a comp was for buy and hold vs. regular sale, etc, just by the buyer being an LLC?
Jeff Kennedy
New law restricting local banks from funding loans for properties consisting of less than 5 units
15 January 2014 | 12 replies
Many lenders, including myself are not going to even try to distinguish between residential homestead and residential investment property - we are just going to stick with commercial property where the borrower can't later move in and have his attorney claim we made a non conforming consumer loan.Casualty of excessive Government interference in the market.
Bill Briscoe
Is this a pitbull?
12 January 2014 | 24 replies
In short, it can be very difficult to distinguish a pit bull, especially due to the cross-breeding that takes place.
Annette Hibbler
Are the rich the "greedy" ones?
1 June 2015 | 40 replies
No judgment..no looking in the mirror...no expectations to meet if no one expects you to get on your feet..no repeated reflection or assessment of one's situation...no need to figure out a way to pull oneself up...permission sanctioned by the official government to boot--promoting the idea that its not their fault...that society is responsible for them...and best of all, it facilitates the illusion of being independent--and worst of all...it perpetuates the idea that the successful or truly independent SHOULD be responsible for them.
Ryan McElroy
introducing myself to an agent
9 July 2013 | 2 replies
I was wondering as to how one would go about walking into a real estate business and introducing oneself to an agent.
Joshua Dorkin
BiggerPockets Update: New Mail Indicator for PMs
25 July 2013 | 20 replies
When we combined our INBOX with our Notifications tab last week, we wanted to make sure that users could distinguish between just having a lot of alerts and other notifications, and having actual messages in the PM inbox waiting.So, we just launched the new Yellow Envelope indicator:As you can see from the image above, this indicator will only show when you have PMs in your inbox.
Manuel A.
Average time it takes to find a deal?
5 June 2012 | 14 replies
@Clay Huber "Deal" is subjective and opinions of length can vary, that's why I gave a time constraint; "from when you start looking to closing".As for wholesalers, I posted this in the rehab section to distinguish it but maybe I'll be even more specific for them next time too.