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6 January 2023 | 8 replies
With the rising interest rates, you want to make sure the deal debt services, also that you are making a return that is worth the effort/risk you are putting in the deal.
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23 November 2022 | 7 replies
Within a week or two of closing I put the sign out front with my phone number and see if I can get $425k for the house.The reason I do this is because it requires no money and almost no effort to try to make that quick $25k.
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5 January 2023 | 7 replies
This incentivizes them to perform their best, creating a win-win situation.Keep in mind that most Realtors may not put in much effort, so choose carefully and thoroughly interview multiple agents.
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4 January 2023 | 11 replies
They spend more time and effort on marketing than we care to spend.
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5 January 2023 | 16 replies
At some point though the effort/reward ratio gets too high.
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2 January 2023 | 8 replies
After I watched this video I decided to ask ChatGPT the keys to building a $100 Million multifamily real estate investing business (coincidentally I am writing a book on this topic)ChatGPT's Answer:There are several key factors that can contribute to the success of a multifamily real estate investing business:Develop a strong business plan: This should include a clear vision for the company, as well as specific goals and strategies for achieving them.Build a solid team: Surround yourself with knowledgeable and experienced professionals who can help you identify and acquire quality properties.Focus on a specific market: It can be helpful to specialize in a particular type of property or geographic location, as this can allow you to build expertise and become a go-to source for investors in that area.Invest in high-quality properties: Look for properties with strong potential for appreciation and cash flow, and be willing to put in the time and effort to make necessary improvements and updates.Utilize effective marketing and networking: Network with other professionals in the industry and use marketing strategies such as social media and targeted advertising to attract potential investors and buyers.Manage properties effectively: Proper property management is crucial for maximizing the value of your investment and ensuring the success of your business.Continuously look for opportunities to grow: Stay up-to-date on market trends and actively seek out new investment opportunities to continually grow and expand your business.This is a pretty good answer, and frankly it's amazing when you step back and consider that this service is brand new and 100% free.AI is going to change real estate investing, along with every other industry.
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20 February 2015 | 14 replies
The best thing is to know what your investor wants on a detailed level and bring to them what you know they will buy, that way it saves time and effort on everyone's part.Westfield is a great location, you're next to the biggest hub of NJ real estate networking!
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8 September 2015 | 13 replies
Again, not sure what your objective is in your efforts to invalidate my statements but, your wrong.
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14 February 2015 | 20 replies
Interview, check references, and visit property currently under their management to feel comfortable about how they manage.Option 2: I wouldn't consider an MBA unless you're genuinely interested in the education.
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10 January 2018 | 5 replies
This has proven to be a very challenging and cumbersome process. the more I get in to this business the more I hear that pre-foreclosures and distressed owners may be a better allocation of my time and efforts.