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2 December 2024 | 9 replies
(Only if you are SERIOUS about real estate as your wealth/career vehicle.)Make sure you join a brokerage that is large, established, and has a reputation for top performance and excellent training.Once you learn the basics and get out into the field to see the state of the market, you'll learn the price points and be able to know a good/great deal when you stumble across it.I have made some of my best (most lucrative) buys from meeting with a seller who wants to list, and when we discussed the price, I knew it fit my parameters, so I bought it!
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5 December 2024 | 13 replies
This can be used to eliminate most gains of a long hold highly appreciated rental asset through 1031 + primary resident conversion to establish a more favorable ratio.
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6 December 2024 | 25 replies
I often do this when I'm trying to connect with someone on LinkedIn: I try to find out if we have any mutual connections and lead with that in my message to establish some rapport.
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14 December 2024 | 42 replies
I understand fast solutions have slow problems.If I'm myself, I continue to lean into REI via BRRRs in growing areas of buying established but undervalue in very good areas to keep it a growing % of my portfolio.
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6 December 2024 | 12 replies
North of Austin, the county regulations say you don't have to do it IF you're only doing residential, certain lot sizes and limiting the impervious cover of each lot.
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28 November 2024 | 10 replies
Consider not just the purchase price but also renovation costs, property management fees, and local rental rates.Consider the Property Management Aspect: If you’re not planning to manage the properties yourself, finding a reputable property management company is essential to ensure smooth operations.Stay Updated on Local Regulations: Familiarize yourself with rental laws and regulations in Detroit to avoid any potential issues down the line.Feel free to ask any questions as you continue your journey.
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2 December 2024 | 1 reply
The risk in lifting these houses is there's not a clearly established market for flood damaged homes that have been elevated.
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10 December 2024 | 104 replies
Sometimes these types of deals require that you purchase a software to help search for lots,so we'll see.Most of the time,established people in industry are not going to come online and scam people,why would they ruin their own business in the offline arena?
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30 November 2024 | 3 replies
We need to establish a contract (or shop around for reputable companies that are willing to do this).
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5 December 2024 | 25 replies
Also father/son dynamics at an age where the son is trying to establish his independence is trying on both of us.I did not push son in direction of RE, he considered various options and chose RE.