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29 July 2024 | 1 reply
@Sohail Ahmed Jokhio from your questions, it appears you are looking at real estate investing as a "job" or a university curriculum.There's NOTHING stopping you from accessing everything you need online - except the limits of your perceptions.Not aware of anyone here that's going to be your guidance conselor and lay out what you're asking for.
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31 July 2024 | 19 replies
So if the notes currently $2.3 million at 8%, the current ow er can advertise the property for sale at $2.8 million with $800k down and $2 million loan assumption with interest rate of 10%.
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28 July 2024 | 21 replies
I was doing a lot of legwork and still paying RE agent for the transactions up until got my own license.pros: no commissions in your transactionseasier qualification as real estate professional to offset high W2 of spousecan get access to any house/ easy logisticsmore control in the transactionMLS access with all the information on tip of your fingers, you can move fast with the deallicense knowledge helps to make better decisions and gives broader understanding of the industrycan legally do property management for others, wholesale (many states now making outlaw to do it without license)cons:need to take an exam (it needs preparation and to be good not just barely pass you need to study)fees you pay along the way (MLS, brokerage(I signed with investor-focused on and have a monthly fee and a transaction rate))self-management including taxes and feesneed to relicense + paid education Don't forget the biggest con.
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31 July 2024 | 27 replies
I happened to be looking at Monday's houses briefly only because a friend asked me to comp one property's value for him (because I've got mls access as a broker and he just wanted a quickie comp) but I stopped there so I don't know about this one in Shorewood you mentioned.As far as the suburban counties, as you may have noticed, the more well off parts of MKE Cty aren't very well represented compared to the less well off areas, so when you look at the other counties (like the Waukesha Cty sheriff has a running listing of the next maybe 5 or 6 weeks of auctions on their website and each week there's usually 10 to 20 TOTAL each week and quite a few will be in the relatively few not so well off areas of the county and you'll be hard pressed to find many in Chenequa, the most expensive community in all of SE WI) Ozaukee has very few as well as Washington County and I'd guess its the same pattern there as well, but you'll have investors in all of these counties who are watching them.
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31 July 2024 | 18 replies
With technology and public access to MLS and other data bases, the value of and number of deals where a wholesaler can add value has declined significantly2.
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28 July 2024 | 6 replies
After that, make sure your broker is advertising the building where commercial investors are looking, not just on the MLS.
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29 July 2024 | 12 replies
Hi Noah, Cleveland has lots of properties that are relatively lower in price points so it's an accessible entry market.
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28 July 2024 | 5 replies
We also have access to a $30k HELOC, fixed 8.5%.The current mortgage is $1600 and exact units in our block are renting for $2600+/mo, but the property doesn't pass the 1% rule.We want to start investing in RE again.
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27 July 2024 | 19 replies
The software in the lock and on their web site then uses this matching code as a hash to generate guest (and/or long term maintenance or housekeeping) codes based on time/date/duration.It's a really brilliant system, and one of the few that I've found that don't require Internet access or monthly fees.
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27 July 2024 | 108 replies
Yet accessing the equity is not your goal!