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Results (10,000+)
Cal C. Are hedge funds planning to crash housing?
30 December 2015 | 17 replies
What @Alexander Felice left out is that any coordinated effort on such a scale would not be possible to keep secret and the fallout would most probably involve orange jumpsuits for those behind such a conspiracy.
Ryan Billingsley What is your WHY that motivates you to press forward?
19 January 2016 | 44 replies
You have a leg up on the hardest part of REI, communicating with sellers and buyers.
Nada Mohamed Ideas on where to invest in Florida?
9 February 2019 | 40 replies
FYI, short-term (weekly) rentals are prohibited in Orange County (Orlando), be aware of that if you buy a property there for short term rental. 
Account Closed Cash flow strategy, education, funding and 1031 exchange
15 September 2017 | 5 replies
I assume most of the leg work on the ground would be to find the right realtor, property management, contractors and properties but once team is in place hopefully most can be done remotely. 2)  Education - I've started to educate myself on the many options and reading books, listening to podcasts, etc but am a bit overwhelmed right now.
Eric M. This place is chock-a-block with wannabe wholesalers, what is the reality?
29 April 2012 | 159 replies
Wholesaler,fee taker,etc. whatever you call it if I am the listing broker for my client and you come with the little to no skin in the game you won't be locking up any of my client's properties.If the client demands it then fine but most of my clients are somewhat sophisticated.What I don't like is that in a wholesale transaction the seller doesn't know the STRENGTH or CAPABILITY of the end buyer with these wholesalers trying to lock something up and then leave unscathed if it falls apart.This reminds me years ago when I did residential short sales.I would get calls from sellers who was contacted by one of these wholesalers or a regular investor.They would take all the sellers financial docs and say they submitted to the bank for approval.I found out papers were never submitted or the package was incomplete.The investors never returned papers to the sellers and the buyers were gone "like a fart in the wind".I had to come in and do damage control to fix things.Another classic is the investor gets the seller to sign a quit claim deed and then disappears and now the seller can't sell if they wanted to.We had a saying when we first got licensed as an agent.The head broker said "you learned just enough to pass the test".Now comes the hard part of learning your skill with a proper mentor so you don't "practice on the public".Then he said "you know just enough to be dangerous"So I feel just like new agents some wholesalers cause massive damage out there.We have our contract where the seller allows assigning into a corporation the buyer owns,assigning to another buyer,or not assigning at all without written permission and review by the seller first.I think wholesalers should pay a very hefty fee if they can't perform.They won't do it again and they will think very hard about the purchase price and not over valuing before putting a property under contract.There are a lot of wannabe buyers out there.A broker saves the seller time weeding them out.Purchase price,terms,deal structure means little to nothing if the buyer has a low chance of performing.I don't have anything against people with no money trying to get a leg up.I wasn't born with a silver spoon and had to start out small.Just be realistic and do not try to do a deal you aren't qualified for or have the means of following through on.Partner with someone more knowledgable who can guide you away from mistakes and help you.To one posters comment about we are all in this for the money.I would DISAGREE that that's the only or sole reason.I enjoy real estate on many levels besides the monetary aspect of it.There are many things I could do for money and I wouldn't last long at them for the simple fact that besides the monetary aspect they do nothing for me.
Morris Lucas Bank-Owned Wholesaling?(REO)
29 October 2012 | 6 replies
J Scott, you raise a good point, seems like you can get a leg up if you are able to make a low offer with ready cash to back it up!
Account Closed Selling a sub optimal rental
22 April 2019 | 2 replies
I bought it six years back from a flipper who either no had clue what he was doing or was a plain old crook - over the years I spent an arm and a leg on repairs and so I decided to sell it and move to a more stable property.
David Doyle I'm a Plumber/Investor & I'm here to help
12 September 2018 | 202 replies
One of the things I noticed is that the furnace will have a smaller diameter input, so a reducer is used, and there is also a tee and at least three inch drip leg; those are all going to be "hard pipe" pieces - so maybe at that point it is better to stay with hard pipe (I believe it is less costly).And hard gas pipe is not going to have the same vulnerability with lightning strikes as with CSST. 
Joshua Dorkin Verifying Members: How can BP help you more safely connect?
20 May 2011 | 42 replies
Anything that can help the honest folk get a leg up on the scammers has my support.In an effort to keep it simple, I would be willing to pay a fee and provide references that BP could check out.
Vivian Nguyen Comparables resources
31 March 2016 | 5 replies
It definitely gives you a leg up on researching properties.