20 July 2021 | 10 replies
I just sold the 5 Las Vegas properties to purchase 11 units in Hawthorne California and the Las Vegas properties increased in value by about $50,000 each in 3 years.Had I taken the same $1.2 million I invested in Las Vegas I could have purchased a $4 million property in Arizona at $50,000 per unit = 80 units and those units are now selling for almost $300,000 per unit = a profit of 80 x $250,000 = $20 million.So, by listening to my loan broker I lost out on earning $20 million in only 3 to 4 years vs. earning a stinky $250,000 in Las Vegas with the same amount of investment capital.Stupid!
23 July 2021 | 48 replies
To me, real estate investing is the best tool to financial freedom.
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29 July 2021 | 3 replies
@Chris Searcy LinkedIn is a great tool as well as eventbrite or going to a conference can be helpful.
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21 July 2021 | 16 replies
@Jessica Flint Google search airdna.co rentalizer tool.
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3 August 2021 | 11 replies
But plenty of Big Ag is out there, automotive, heavy truck, tooling, their is a pet food plant if I remember, and perhaps an ethanol refinery as well....again if my memory serves me.
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28 July 2021 | 7 replies
This is uncharted territory for me, and yet an invaluable experience.
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20 July 2021 | 8 replies
If there is a difference in value, whoever brings the lesser value property to the table pays a "boot" to make up that difference.
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18 August 2021 | 14 replies
If the investor had to sell right away for $240k, with closing costs and commissions, they would most likely lose money.The other key point is without any improvements, the new appraisal will be $205k, the price you sold it to an investor for, not the $240 comps in the area.Wholesaling works best if you can find an off market fixer and the rehab the investor puts in forces a significant improvement in value.
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21 July 2021 | 3 replies
There are so many tools available that it is pretty easy.
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22 July 2021 | 5 replies
@Mallikarjun Reddy Pateel using the T12 and current rents are great tools to base off your offer.