
13 June 2024 | 8 replies
I feel like a lot of these "cash" transactions are a product of homeowners sitting on record equity.

14 June 2024 | 13 replies
While doing that, try out their customer service and see who is friendly and knowledgeable about their product, and who answers the phone.

15 June 2024 | 87 replies
I think it's a slow motion train wreck as it stands.

13 June 2024 | 7 replies
There's a variety of ways to get a deal in front of you (I'm mostly a flipper), but basically if it looks promising, I run custom comps queries and check the current & past $/sf of renovated/distressed product in that city or zipcode.Here's a chart on 90066 I generated from my tool under Market Stats > Sales Data > Specific Zip Code:- My above chart (more available) shows the Avg Renovated $/sf (High) over time in this Zip Code, something completely different than charts/providers based on Averages/Medians only, like every other platform (RedFin Below, https://www.redfin.com/news/data-center/):- Can't select smaller locations such as City or Zipcode for their $/sf data, so it's useless helping me underwrite/verify a deal.- Can set Zip Code for Median Sale Price data, but again it's the median/avg so it's useless helping me underwrite/verify a deal.Then if that looks decent, I'll run Sales Comps, and get a quick summary of some key metrics based on those comps.

13 June 2024 | 5 replies
I have listed plenty of properties in numerous area and have never seen a market so slow and im wondering if there is anything I can do in order to market the properties in that particular market.

14 June 2024 | 25 replies
@Ryan BiankowskiIn my opinion, if you have no experience flipping houses, no experience dealing with contractors and this is your first deal, $10K is nothing.Sorry to burst your bubble.An unscrupulous contractor will burn through your $10K in one day..... literally and you may never see him again.Assuming you have no experience, I would advise you as a starting point to slow down, sit yourself down, and buy J Scott's books for $49.00........and save yourself $9,951.00.Make sure you read them through thoroughly at least once, if not twice before making your first move.There are other good books out there, maybe a good local mentor that you can learn the ropes from and even some good "guru's" that you can learn from despite all the guru bashing on BP but I would definitely start with J's books.Said books are:The Book on Flipping HousesThe Book on Estimating Rehab Costs

13 June 2024 | 5 replies
This is not to say you can expect an Agent to catch everything and we are by no means inspectors or contractors, but anyone helping you purchase a rental property should have a basic understanding of rental standards to put out a good product that will attract a good tenant. - Lastly, if you are looking at real estate as a long term buy and hold strategy, you have to look beyond just cash flow.

12 June 2024 | 1 reply
Average rent is $800, but this entire zip code is slowing growing over time and getting better.

13 June 2024 | 6 replies
He speaks English if you talk slow.

13 June 2024 | 12 replies
@John Cardinale I meant that you can use a hard money lender that offers DSCR products, as traditional lenders do.