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12 January 2025 | 2 replies
About me, most of my assets are RE but in another market so I would be diversifying in that market.Potential for appreciation is very uncertain: prices have risen a lot locally lately and are as high as they have ever been, and it’s unlikely higher prices would be affordable by locals.
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14 January 2025 | 15 replies
Some will dangle out-of-market offers in a term sheet, then ask for substantial sums of money right away.
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11 January 2025 | 20 replies
I am in the Port Saint Lucie, Fl market and i have an airbnb that is doing quite well from an income perspective.
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10 January 2025 | 13 replies
Don't invest in a market if you can't find a quality PM!
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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?
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11 January 2025 | 9 replies
Look at their marketing strategy.
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11 January 2025 | 11 replies
Never thought of it, is it a rentable market?
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13 January 2025 | 4 replies
It has taken some fine-tuning of my profile but for me and my market, the leads have been an incredible source of revenue, especially since 2020.
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16 January 2025 | 6 replies
My market area is Medicine Hat AB.
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10 January 2025 | 15 replies
I am right down the way, located in College Station / Bryan market.