If the forums are a place to ask and answer questions/peoblems. It will seem like 90% of the discussion is landlording. Because there are 100 or 1000 more situations that arise.
Begining wholesalers ask every week. Where to I find buyers, where do I find sellers, what market shoudl I start in. Experienced wholesalers are just head down grinding and even if they felt like answering those questions, they already have 100 times before
Landlords have questions like is this my responsibility, is this worn out, shoudl I allow this, how do I prevent that, is this a good deal (too many times.), wher shoudl I invest (too many times), which accounting software should I use (waaaaay too many times.) my inspector found this, how do I raise rent, how do I get this tenant out of my California property, etc etc.
@Max Emory My impression is most of BP is focused on flipping and wholesaling, especially for newer investors. I guess it just depends on what posts you chose to read.
I wholesale but I also own rentals. I think you will find most investors that are in the game for a while hold as least some rentals.
@Max Emory Yeah this place has really gone downhill since I was last an active contributor. It's mostly just unprofitable on-market buy and hold with a tiny sprinkling of wholesaling for newbies.
Marketing is gone. Creative finance is pretty much gone. The entire business of speaking with sellers and getting actual deals is generally looked down on. Dave is outright hostile to the most profitable strategies on the podcast.
It was way better when Brandon was here and Peter was still active. Back then there were tons of smart, creative, active investors sharing new ideas and in the trenches deals. Now it's just: "I hired a realtor, bought an overpriced on-market turnkey rental, and I don't understand why I can't retire."
@Max Emory Yeah this place has really gone downhill since I was last an active contributor. It's mostly just unprofitable on-market buy and hold with a tiny sprinkling of wholesaling for newbies.
Marketing is gone. Creative finance is pretty much gone. The entire business of speaking with sellers and getting actual deals is generally looked down on. Dave is outright hostile to the most profitable strategies on the podcast.
It was way better when Brandon was here and Peter was still active. Back then there were tons of smart, creative, active investors sharing new ideas and in the trenches deals. Now it's just: "I hired a realtor, bought an overpriced on-market turnkey rental, and I don't understand why I can't retire."
You missed Pace Morby and all his sub to followers.
@Max Emory Yeah this place has really gone downhill since I was last an active contributor. It's mostly just unprofitable on-market buy and hold with a tiny sprinkling of wholesaling for newbies.
Marketing is gone. Creative finance is pretty much gone. The entire business of speaking with sellers and getting actual deals is generally looked down on. Dave is outright hostile to the most profitable strategies on the podcast.
It was way better when Brandon was here and Peter was still active. Back then there were tons of smart, creative, active investors sharing new ideas and in the trenches deals. Now it's just: "I hired a realtor, bought an overpriced on-market turnkey rental, and I don't understand why I can't retire."
You missed Pace Morby and all his sub to followers.
It seems every few years there's another charismatic dude that "invents" sub2 and launches a new wave of bankruptcies and lawsuits.
If the forums are a place to ask and answer questions/peoblems. It will seem like 90% of the discussion is landlording. Because there are 100 or 1000 more situations that arise.
Begining wholesalers ask every week. Where to I find buyers, where do I find sellers, what market shoudl I start in. Experienced wholesalers are just head down grinding and even if they felt like answering those questions, they already have 100 times before
Landlords have questions like is this my responsibility, is this worn out, shoudl I allow this, how do I prevent that, is this a good deal (too many times.), wher shoudl I invest (too many times), which accounting software should I use (waaaaay too many times.) my inspector found this, how do I raise rent, how do I get this tenant out of my California property, etc etc.
My guess is that people involved in active activities tend to spend their time in the business while folks involved in passive activities have more discretionary time to hang out on the forum. When I was actively flipping the last thing i wanted to do was to engage in social activities that didn't directly affect the flip.
flipping & wholesaling are jobs while landlording is more about investing.
My guess is that people involved in active activities tend to spend their time in the business while folks involved in passive activities have more discretionary time to hang out on the forum. When I was actively flipping the last thing i wanted to do was to engage in social activities that didn't directly affect the flip.
flipping & wholesaling are jobs while landlording is more about investing.
Buying and selling with owner financing is more passive than landlording and yet a bunch of us used to talk shop. Maybe it's just that a lot of us stepped away, retired or shifted focus during the several year long seller's market. That's what happened with me. Now that we're into a buyer's market I'm getting active again.
I try to hop on here once a week to contribute, and 99% of what I see are newbie landlords trying to get their feet under them, asking the same questions that have been answered over and over.
That was my experience at the 1 BPCON I attended as well. So, that's what prompted my question.
Not that there's anything wrong with that. I just wanted to see if others had a similar experience.
I am a wholesaler out of Northern CA (Solano County/Napa county), investor of LTR commercial/residential, multi-family rental- income properties with + cash-flow, and I have a small business called - Realty Growth LLC.