Account Closed
How to do wholesaling RIGHT? In Maryland/East Coast and Nationwide.
3 July 2024 | 20 replies
They adhere to a strict code of ethics and are often members of national and local real estate associations.The Process:Property Listing: They list properties on local Multiple Listing Services (MLS), exposing them to a broad audience of potential buyers.Client Representation: Realtors represent either the buyer or the seller, guiding them through the transaction process, ensuring legal compliance, and striving for the best deal for their client.Commission-Based Earnings: They earn through commissions—predetermined percentages of the property’s selling price.Wholesalers: The Middle-MenReal estate wholesalers seek out off-market properties, secure them at significantly low prices, often through a signed contract with a seller, then "assign" or sell that contract to an end buyer for a higher price.The Process:Property Hunt: Wholesalers look for properties often not listed on MLS, sometimes requiring significant repairs or distressed sales.Under Contract: They negotiate directly with sellers and sign a purchase contract, with no intention of actually closing the deal themselves.Assignment of Contract: Wholesalers then sell this contract to an investor or end buyer at a markup, pocketing the difference as their profit.Divergence Creates TensionThis fundamental difference in operations sets the stage for conflict.
Brandon White
Family Inherited a House, completely new and I really need a someone suggestion here.
3 July 2024 | 14 replies
You just have to learn the process and follow some broad pieces of advice such as - don’t invest a lot in individual stocks because you are subject to much higher variances in performance.
Ryan G.
Land Development - GC Selection Advice
27 June 2024 | 2 replies
Broad categories of work that needs to be done:1.
Michael Carbonare
Do Not Buy A Condo In Florida!
27 June 2024 | 13 replies
I agree with your assessment, and would apply your advice more broadly to all condos in the US.
Jaekwan Lee
Use FHA or conventional if you just started investment but you have enough downpaymen
26 June 2024 | 8 replies
This is making some broad assumptions... you and your family keep your expenses as low as possible while saving and investing as much as possible.
Marc Shin
Any investors in Jacksonville Florida?
26 June 2024 | 4 replies
It's a pretty broad question but I'll give my thoughts.
Jonathan Greene
Why Being a Generalist as a New Investor Could Lead to Analysis Paralysis
26 June 2024 | 1 reply
It gives you a broad base to work from and a substantial range of knowledge when making connections.
Alex K.
How are you guys investing in Los Angeles
26 June 2024 | 11 replies
Speaking broadly, I think the best investment strategy involves finding properties that aren't fully utilizing their income potential.At a more sophisticated level, that might mean buying a fourplex of large two-bedrooms, making relocation agreements with the tenants, remodeling the units into three-bedrooms, and then renting them out at market rents.
Zafer Avsar
Property tax calculation
25 June 2024 | 1 reply
I'd recommend calling the assessor for the county you're in if you're looking for a broad rate to calculate.
Kinnari Pandya
Tampa For Real Estate Investment?
24 June 2024 | 9 replies
Vacany rate is about 10% for LTR, days on market depends but 15-30, 33609, 33607, 33603, 33604, 33605, 33615, 33616 to name a few. 3/2 even 2/1 can be rented easily, you have an array of options.