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Updated about 3 years ago on . Most recent reply

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Rashid Khalil
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looking for a multiplex in columbus

Rashid Khalil
Posted

few weeks back somehow stumbled on a YouTube video of Brandon and Green and here i am all grown up in few weeks, committed and pumped to start real estate investment. got bank pre approval

everything that comes on Zillow disappear in few days, prices are way above recent comps

numbers make little sense, doing a lot of research but deals are hard to find

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Michael Dumler
  • Real Estate Agent
  • Atlanta, GA
1,708
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Michael Dumler
  • Real Estate Agent
  • Atlanta, GA
Replied

@Rashid Khalil depending on your current living situation, I highly recommend that your first deal is a house hack property. As others have mentioned, more likely than not you're wasting your time analyzing deals on the MLS. To say the least, we're in a seller's market with very limited inventory and high buyer demand. Any on-market property that is even remotely close to a deal will trap buyers into a bidding war. With current market conditions, it's best to utilize your time and energy to aspire towards off-market properties. Join your local REIA and network with investor-focused agents, wholesalers, and anyone for that matter who's successful at lead generation for off-market deals. Furthermore and I see it all the time, newer investors watch previous BP podcasts from 2014, 15', 16', 17', etc., and think the investment space is the same, it's not. While the principles of investing remain constant, your strategy and business implementation have to change based on market conditions. Hope this helps!

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