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4 December 2024 | 15 replies
With your CPA background and audit experience, you already have a strong foundation for analyzing deals and understanding the financial side of real estate—a huge advantage as you dive into this new journey.
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3 December 2024 | 18 replies
Just be sure to check the local regulations before diving in.
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5 December 2024 | 11 replies
I'd say forget the AI buzzword hype and go back to programming something useful based on real transaction-level data like below (that can help you with any deal you find, from whatever source you have).Sales Comps & ARV estimate:Market Stats:AI won't be able to provide you anything close to this, nor does the RedFin/Zillow market data drill down into the market as deep as I do here.Additionally, if you understand how the leading LLM's work based on a black-box floating point matrix, you just can't trust their conclusions like you can with your own program.
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30 November 2024 | 12 replies
Deep cleans 2x a year if not quarterly are a must if you want top return.
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5 December 2024 | 20 replies
And then do it again.It is actually possible to have a super experienced General Contractor, a very deep pockets money partner, and still lose money on a flip.The most common reason, in my experience, is having a project run over schedule and placing the property on the market during the off-season.
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2 December 2024 | 6 replies
Save your money for your first deal and dive into self-education and local connections instead!
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9 December 2024 | 21 replies
I also agree with @John Underwood that purchasing this with the intention/purpose of having a write off isn't a sound reason to purchase.Happy to have a call to dive a little deeper.
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14 December 2024 | 101 replies
Next thing you know it's time for a short break and your free to go..lolThe bottom line is know what you are buying and look deep inside yourself to ask the hard questions: Will I not be able to eat or live if I buy this, will i do the hard work to make it work for me.
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5 December 2024 | 19 replies
I say this with zero disrespect intended, but is the intense focus and obsession a normal habit of his as he dives into new interests?