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29 September 2024 | 2 replies
Hi Prasit,To transition from agent to acquisition manager, here’s the quick path:Leverage Your Agent Skills: Use your market knowledge, negotiation experience, and connections to find and analyze deals—key acquisition manager skills.Wholesaling Experience (Optional): Wholesaling can help build your deal-finding and analysis skills, but it’s not necessary if you can transition directly using your agent background.Training: Consider certifications like CCIM for commercial real estate or courses on platforms like BiggerPockets to sharpen your acquisition expertise.Network: Connect with investors or real estate firms to gain insights and potential job opportunities in acquisitions.Let me know if you need help with financing as you move forward!
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1 October 2024 | 6 replies
The main reason is labor, and the cost to live around this area is not cheap, so skilled labor demands high wages and benefits.
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30 September 2024 | 1 reply
I suggest you look into commercial lending, to learn about it before you require it, and start looking for people in the lending space who can assist you as you move forward and with whom you can develop relationships.You now have mad skills and experience doing the whole demo and rebuild, and if you can repeat a few times, your one deal enables you to add a couple others.
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2 October 2024 | 17 replies
With Nomad, you're paying a lot of extra money for a guarantee that is not necessary with skilled and experienced property management combined with masterful recommendations for property condition; i.e. what a property needs in order to be rent-ready to the degree that qualified candidates will be attracted to rent the property.
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29 September 2024 | 17 replies
Evaluate the business, financial, analytical, and “people” skills you bring to the game.
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30 September 2024 | 9 replies
Since you’ve already gained experience with partnerships and deal structuring, those skills will serve you well in any path you choose.
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28 September 2024 | 8 replies
I'm currently reading The Book on Rental Property Investing and honing my lead analysis skills.
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24 September 2024 | 13 replies
However, long story short, yes there is, although I would recommend finding an advisor who is skilled in holistic financial planning that includes not just traditional stock market investments or real estate investments exclusively, but all investment strategies to help in your specific goals.In general though, you can either find a fee-only CFP that has expertise in real estate and other alternative investments, or you can find an advisor who is at the very least willing to have a conversation free of charge prior to any actual investments so they can give you a very good idea of whether they would be able to help you prior to beginning a relationship.
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3 October 2024 | 46 replies
A skilled experienced person specializing in investment real estate will have no problem answering these, and very possibly already has some FAQ with much of this.
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28 September 2024 | 6 replies
Having experience building a business will help with your real estate investing, as you'll have the communication and organizational skills required to be successful.If you’re looking to invest long distance, I definitely recommend building your core-4 team.