12 August 2023 | 7 replies
These include:Get started faster: Let’s face it—while reading articles like this and absorbing all the podcasts and books on real estate investing is great, jumping in and actually doing your first deal is critical, and what you learn from experience often dwarfs knowledge from all the research sources by far.
28 June 2021 | 19 replies
I'm truly getting tired of realtors criticizing wholesalers, putting us down like we're trash, saying what we do is illegal and we're just scammers.
20 October 2023 | 7 replies
If you are trying to cash in on the gold rush, it is probably a bit too late, and you will competing with larger companies with a lot more resources than you.Not to be a pessimist, but I think these items are critical if you want to be successful.
15 May 2020 | 5 replies
This is critical as the lender will be very different in their criteria.
23 May 2023 | 5 replies
I am particularly interested in:Understanding the different neighborhoods and their respective investment potentialsHearing about the challenges and rewards you've faced in this marketLearning from your experiences with local teams (agents, property managers, contractors, etc.)Gaining insights from your key lessons and successful strategiesFurthermore, any advice on potential pitfalls or critical factors I should be aware of in the Philadelphia market would be immensely appreciated.My goal is to make well-informed decisions and hopefully embark on a successful journey in real estate investing.
31 August 2021 | 23 replies
Time is a factor here too.There is no right or wrong answer with numbers like CoC return, but understanding how the numbers work and what they represent is critical.
26 October 2023 | 18 replies
There is very little correlation between the two.The Reserve Funding plan, in addition to the Operating Budget are the critical financial documents you need to understand.
25 October 2023 | 2 replies
Ken Griffin has spent the last ~10 years purchasing and assembling 14 properties in Palm Beach, about a quarter mile south of Mar-A-Lago.After spending hundreds of millions already, he is now in the process of tearing down the old mansions to make way for his new mega mansion that is estimated to be valued as high as $1 BILLION when it's finished.This development project might not make for the greatest ROI because who knows if it would ever actually sell for that much once he's finished (but I doubt he has any plans to sell this property in his lifetime)I've shared the story on my social platforms and there has been a lot of criticism, including: -What happens when sea levels rise?
25 October 2023 | 2 replies
It provides market analytics, property details, and comparisons.Realtors Property Resource (RPR): Offers in-depth market data and analytics, beneficial for both residential and commercial investors.PropertyShark: Great for property data, including details on ownership, sales history, property values, and more.LoopNet: While known as a listing service for commercial properties, its premium features provide valuable insights and analytics.DealMachine: Useful for investors focused on driving for dollars, offering tools for finding and managing potential deals.Mashvisor: Focuses on residential property investments and offers insights on rental income, costs, cash on cash return, and other critical metrics.Remember, the right tool for you will be influenced by your specific investment focus, whether it's residential, commercial, fix-and-flips, rentals, etc.
20 October 2023 | 3 replies
COA is very critical in having your books done correctly.