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30 December 2024 | 0 replies
Please forward the contact information for any vendors with which you have experience or knowledge who can help exit a low-usage time share.
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29 December 2024 | 5 replies
My personal experience after 40 + years in the real estate industry is that “wholesaling” is a very INEFFICIENT AND INEFFECTIVE way to gain knowledge and experience relative to real estate.
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7 January 2025 | 12 replies
You don't need to know everything to get started; you need a foundation to build on, and the rest will come through experience and then refining your education.You can build a basic understanding of investing in 3-6 months.
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29 December 2024 | 8 replies
@Joseph Gary guessing your Detroit experience was with a Class C property.So, you may want to focus on Class B properties also.
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31 December 2024 | 1 reply
What made the experience stand out?
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17 December 2024 | 8 replies
Their demonstrated experience and reputation in the industry will speak volumes.
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30 December 2024 | 4 replies
You can read a book and multiple books, but unless you are out there doing it (I.e. getting bids and getting contractors to truly get you an exact estimate) you will be far off from the numbers you want and may even lose money on the flip/rehab.The best advice I would suggest in my experience is that you should get into the line of work by either partnering with someone or working with someone on some projects prior to going into a flip on your own.
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20 January 2025 | 57 replies
If you’re referring to the “newbies” with $10k to their name that watch a video by Pace and get excited and pay for joining, go out with their last $5k and do a sub to with a “desperate” homeowner without revealing all the possible consequences (because they are unaware of the consequences through lack of experience and lack of knowledge and or choose not to inform the seller) then I agree, it’s probably going to turn out badly for all concerned.If on the other hand you’re referring to a seasoned investor with excellent credit, significant cash reserves, who wants to add a property to their portfolio without going through loan qualifying, and can pay enough to give the seller “walking away” money because of the low existing interest rates and or, and is dealing with a informed seller, then I find nothing wrong or negative about the transaction.
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10 January 2025 | 13 replies
If so, I'd love to hear about your experiences!
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9 January 2025 | 107 replies
If you get enough experience doing exactly what you did with your first property there are lenders that would no require your purchase to "season".