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19 March 2024 | 9 replies
If you already have a group of investors you work with, understanding their capital reserves, risk tolerance, timelines on return, and various other factors to help you understand what properties will be good deals for them and should help you narrow down your scope.When thinking about what tools to use, think about what you need to get done.As a wholesaler you will need to find leads on potential investments, run numbers on investments, put together investment packages for your investors, etc.Lead Generation:- Can be done on MLS, Auction sites, etc but remember competition will be high here- Pre foreclosure lists- Drive for Dollars- Social Media Campaigns - Billboards & signsProperty / Market Due Diligence:- Bigger Pockets Tools- Air DNA- Reventure App If you would like to connect and discuss in detail I would be happy to brainstorm.Good luck
19 March 2024 | 16 replies
My first RE job out of college was working for a boutique investment firm that specialized in packaging deals for out of state investors because deals in their hometown just couldn’t cash flow.
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19 March 2024 | 17 replies
I suppose if someone just had a traditional homeowners and umbrella policy there could be exclusions for rentals, but any decent agent can find a policy package designed for rentals.
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18 March 2024 | 7 replies
Take into account elements including the property's state, the age of the HVAC, electrical, and plumbing systems, and any necessary cosmetic renovations to draw in renters.
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19 March 2024 | 16 replies
You can help yourself by understanding how to build a credibility package that shows experience. etc.
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19 March 2024 | 16 replies
Do yourself a favor and put together a solid package of documents (title, copy of deed, deed of trust, note, etc) and pay for a couple of hours of consultation with a real estate attorney BEFORE you do anything. 6.
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17 March 2024 | 6 replies
Probably an extra clause in the lease should be added in the future to insure the tenant accepts the property as is when it comes to these internal elements.
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16 March 2024 | 3 replies
Through these inspections, the engineers will call out anything in need of immediate repair and lay out an expected remaining lifespan for structural elements and their expected repair/replacement costs.
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19 March 2024 | 323 replies
Not sure why you'd be submitting offers through an attorney for something like this, unless we're talking about a bulk package or a really large deal that would start with an LOI and some more formal negotiations.Can you provide more info on the situation?
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16 March 2024 | 3 replies
This could include offering special discounts to guests at nearby restaurants (easy to execute with a QR Code), collaborating with a spa for guest packages, or sponsoring events that cater to your target demographic.Finally, don't underestimate the power of local art for retaining guests.