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16 December 2024 | 21 replies
If not, it's your word against his.Let's play this out.
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6 December 2024 | 5 replies
Whether it's reading 10 minutes a day, making one new connection, or analyzing one deal, consistency beats intensity every time.What’s one habit that’s changed your life?
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7 December 2024 | 7 replies
Both of these are management-intensive though, good luck!
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12 December 2024 | 6 replies
Market conditions also play a role, including the availability of contractors, appraisers, and lenders.
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22 December 2024 | 24 replies
He can't be more lenient on cutting rates like the last three meetings, and now has to actually play defense by hanging tight or actually increasing.
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31 December 2024 | 97 replies
If you do have to lawyer up, make it clear you’re playing the long game.
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15 December 2024 | 7 replies
In either case, the wholesaler usually doesn't need to provide their own funds to complete the deal unless they are doing a double closing and need private financing for that purpose.The title company plays a key role in ensuring that the funds are processed correctly and that the transaction is legally and financially finalized, including disbursing funds to the seller and paying any fees owed to the wholesaler, private lender, or other parties involved.Contract with Seller: The wholesaler secures a property under contract, usually with a small earnest money deposit.Find Buyer: The wholesaler finds a buyer (investor) and assigns the contract, earning an assignment fee (difference in price).Closing: The buyer wires funds, the wholesaler receives the assignment fee, and the title company handles the transaction.Costs:Earnest Money: Small deposit.Marketing: Costs to find deals.Funding (if needed): For double closings.Profit: The wholesaler earns the assignment fee.prioritize transparency and value.
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9 December 2024 | 9 replies
Flipping is probably a little more intense, but can still be done with a day job, but again, my average flip versus my average rental: flip has made much better returns.And as for generational wealth and handing down something to your kids... well, I guess I view it as: if I can hand my kids a $10mm trust fund held in public securities, or $10mm real estate portfolio, they are going to be pretty set either way, but a real estate portfolio will continually have costs and work, a brokerage account is a bit more set and forget, with some periodic rebalancing.
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17 December 2024 | 17 replies
@David RobertsonFor what it's worth I've been playing around with your beta version of Flipper Force and would like to say; it has the potential to be a game changer for the flipping business.
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10 December 2024 | 25 replies
I spent quite a bit of time in the Jackson area playing MRA, JA and Prep back in the day.