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18 January 2025 | 13 replies
They may have been introduced to wholesaling as a low-barrier entry into real estate and never considered licensing as a viable option.Why Getting Licensed Could Be Beneficial:Access to MLS: Licensed agents can access MLS listings, making it easier to find deals and run comps.Credibility: Being licensed can increase trust and credibility with sellers and buyers.Expanded Opportunities: As you mentioned, having a license opens up the option to list properties traditionally when wholesaling isn’t the best fit.Legal Clarity: Licensing helps clarify what you can and can’t do, reducing the risk of running into legal issues that plague unlicensed wholesalers.It’s a balancing act, but for many serious operators, getting licensed seems like a logical step to expand opportunities and ensure compliance.
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26 January 2025 | 48 replies
I'd say one of the issues I'm having in the Sarasota/Bradenton region is the rapid changing regulations in regards to STR.
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15 January 2025 | 11 replies
Also expand on any insurance shortfalls you have had through a claim process.
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16 January 2025 | 20 replies
If you're open to expanding your options, you may want to check the Columbus OH market.
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2 January 2025 | 6 replies
A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant who specializes in real estate taxation, business taxation, financial planning and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.
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12 January 2025 | 20 replies
They usually have a step down on that penalty like 3% year one, 2% year two, 1% year three and so on and so forth.So if you are buying a deal with the intention of rapidly increasing it's value in less than 24 months in order to refinance it and pull your cash out, you might want to go with a credit union for the acquisition financing because FCUs are barred from charging pre payment penalties.I could talk about this for hours about all the nuances but my fingers don't type that fast lol
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26 January 2025 | 43 replies
You're going to want to review the case below and any that have expanded upon the issues cited within it since.https://law.justia.com/cases/colorado/court-of-appeals/2003/...Good luck.
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17 January 2025 | 22 replies
It's a lot of work upfront but once the team and systems are established it gets easier and as you get better you can expand to another city.
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12 December 2024 | 2 replies
Quote from @Mary Jo Carruthers: Austin metro keeps expanding.
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14 January 2025 | 9 replies
If you need to expand into another area make those relationships.