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15 January 2025 | 12 replies
Your lender should be able to help dispute the appraisal if there are clear inconsistencies or missing information, especially now that the property is rented and generating income.It might also be worth exploring other lending options, as some lenders have more flexibility with appraisals or different processes that could work better for your situation.
6 January 2025 | 1 reply
The Numbers:Cash Flow Analysis: Investors typically look for properties that will generate positive cash flow—meaning the income from rent covers the property’s expenses (mortgage, taxes, maintenance, etc.) and then some.
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13 January 2025 | 15 replies
Normal comp is 100-150 bps on volume for these roles if commission only and completely self-generated leads.
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9 January 2025 | 28 replies
I had no money to put down on any properties, so I learned (a lot) and put in a lot of hard work and effort to get some properties under contract.Initially, I had no clue what I was doing, but I had the help of some people (and I appreciated that)I made mistakes that cost me around $30k (lost a deal due to my ignorance regarding title and escrow)The good news with wholesaling is that it doesn't take a lot of capital upfront, and you can start talking to sellers and learn about the industry in general.The other good news is that you can without a doubt generate revenue quickly if you do things correctly (having a good TC / title / escrow connection that keeps deals moving on the backend)That said, there are a few points that I've come to live by:1.
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10 January 2025 | 13 replies
Open houses are typically used to generate leads, not sell houses.
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5 January 2025 | 2 replies
I jumped into real estate doing the BRRRR method, understanding that holding property will allow me to build generational wealth, but then learning that landlord income is not the best way to feed your family.
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4 January 2025 | 14 replies
My friend spent $81,000 on marketing and told me he could not trace one sale to a lead generated by the program and that the program generated almost no leads anyway.
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23 January 2025 | 30 replies
This lady saw my posts and randomly started attacking me (and others) with no credibility behind her arguments.
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31 December 2024 | 49 replies
For example, the 2nd to last photo of a random wall and floor with part of open door; what is that supposed to be telling?
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9 January 2025 | 11 replies
Could someone explain that to me or if there’s anyway to deduct those expenses.Hey Troy, When a property is not “in service,” it means it is not yet available for rent or generating income.