Bruce Woodruff
Thoughts on the California fire repercussions
22 January 2025 | 17 replies
This is one of the things that sound a lot easier than they are actually done.The crazy thing I learned about these CA fires is that the heat radiation is hot enough (1500-2000F) that it will ignite your furniture through the windows.
Sol Baum
Re: No due diligence-commercial
22 January 2025 | 7 replies
The seller must think he is sitting on a really hot property, or the buyer is asking for too long of a DD period.
Conor Neville
When to approve tenants?
22 January 2025 | 7 replies
I know some might disagree.The challenge is if someone applies and meets all your criteria and you reject them, I would hate for you to end up in some legal hot water.
Julie Muse
Outlook St: Quick Flip Success in Mission, KS!
13 January 2025 | 1 reply
Mission KS is a hot area in the metro, not surprised it sold fast
Johnny Lynum
Multifamily vs. Single-Family—What’s Your Take?
17 January 2025 | 20 replies
Quote from @Johnny Lynum: Quote from @Billy Smith: I like SFH in the A-B area rent it you do the upkeep doing as much as possible your self to help max your rent out .I like to pay down the note as fast as possible .If in a C-D area I would flip the SFH wash your hands of it.SFH are generally easier to unload if you get in a cash crunch, I like staying in the first time home buyers level of a SFH keeping it in a hot zone .If I were a BIG fish I would do deals at various level's of course after doing the home work .
Adam Macias
Wholesaling as it is today will be a thing of the past.
12 January 2025 | 8 replies
Quote from @Adam Macias: Wholesaling as it is today will be a thing of the past.It’ll truly be strange to even hear people and gurus trying to make big money off it.The more people try wholesaling but then end up not having an end buyer or cancelling contracts or trying weird things like novations, the more all of real estate will be regulated and cause requirements like licensing to be able to transact more than just your personal resident purchase.Which I don't know why hasn't happened sooner.Here's all the states (in red or yellow) requiring a license to wholesale or at least have started the process:Credit: REITipsterI think licensing and regulation is a beautiful thing that should happen if you plan to be an wholesaler and do more than one deal... which is going to be the case for anyone taking this business seriously.Or even it being regulated to need a real estate agent to do more than one deal outside of buying a personal residence.I've had plenty of failed attempts with agents in pursuit of wholesale deals and I know exactly why, it's not because the agent couldn't find me deals, it's just not practical to think there's opportunity for the numbers a wholesaler needs to make a profit on top of everyone else needing to these days.Because the only sellers who truly can sell at a deep enough discount are usually those who ran out of time and just didn't do something sooner with their situation.I know many coaches and gurus will disagree with me but there’s no regulations on youtube gurus and what they teach either.If we look at the current state of the market in hot cities, the availability of online resources to the average homeowner, how many deals can you possibly believe are available at 70% of ARV?
Marc Robinson
Community input on a small mobile home park, distressed with high vacancy
13 January 2025 | 10 replies
Sixteen homes to inspect- roofs, hot water tanks, soft floors, siding damage, decks, porches, furnaces.
Aaron Ram
Seller Financed Deal - What am I missing?
30 January 2025 | 4 replies
I am a CT based investor myself, very hot market!
John Lasher
How is the market where you are?
29 January 2025 | 12 replies
We had our first child so we have been on the sidelines for a hot minute.
Jerry Zigounakis
First STR Advice
28 January 2025 | 10 replies
Again I am not an expert on CA ski area but I imagine hot tubs are popular amenities.