Jeison Avila
New to Wholesaling Real Estate Excited to Learn and Grow!
3 January 2025 | 5 replies
Here are some great resources for you to check out: The Book on Estimating Rehab Costs https://www.biggerpockets.com/forums/12/topics/862964-wholes...Wholesaling Calculatorhttps://www.biggerpockets.com/blog/rookie-241?
Reno Philip
Connecting with other Houston investors
10 January 2025 | 15 replies
You have received some great recommendations and if you are yet to decide on an Investor friendly to work with, you can send me a DM and see if we are a good fit.I do provide free mentorship and a lot of free resources and connections to anyone I work with especially beginners like you.
Michael Martin
Hello BiggerPockets! New PRO here
11 January 2025 | 2 replies
BiggerPockets is full of resources designed to help you along your journey, whether you are just getting started or a seasoned investor.
Owen Reeter
College Student Beginner
6 January 2025 | 3 replies
A handy search bar in the upper right makes it easy to find previous discussions, blogs, podcasts, and other resources.
Adam Macias
Wholesaling as it is today will be a thing of the past.
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?
Yanick Lagoye
New member from CA
4 January 2025 | 1 reply
Many good resources here and forum post for new investors.
Akshay Monga
Automating Deal Analysis: Programmatically Pulling MLS Data & Rating Property Conditi
2 January 2025 | 0 replies
I currently assign these scores manually, but it’s tedious and limits how quickly I can evaluate opportunities.Ideally, I’d like to:•Automate the collection of MLS/Zillow data.
Robert Stephenson
Older Investor needing help getting a Second property
19 January 2025 | 9 replies
The DSCR loan would allow you to qualify based on the rent you are collecting and get up to 75% of the value (175 x 0.75 = 131.25k, minus 20k payoff and closing costs.You could get a line of credit or a bridge loan against it to borrow money, but it would be higher interest.
Charan Angara
Potential STR Investment Prospects for a Newbie in Houston and Surrounding Markets
16 January 2025 | 4 replies
* Finally, could you recommend any valuable tools or learning resources?
Damon Albers
tenants breaking leases and excessive damage make it hard to be profitable
5 January 2025 | 39 replies
I agree with you on not being able to collect on judgements.