All Forum Posts by: Adam Macias

Morning BiggerPockets Community,

I wanted to send over an invite to a webinar that our Customer Success Team is hosting with guest Tyler Gibson, one of our top Featured Agents out of Orlando, FL. The event will take place today, May 20th at 11am CT.

There will be a recording!

https://www.bigmarker.com/biggerpockets1/how-to-successfully-work-with-real-estate-investors-featuring-tyler-gibson?show_live_page=true

If you're interested in becoming a Featured Agent, please send me a message here on BiggerPockets to find out what's going on in your market!

Happy Investing!

I mean, based on this image generated by AI, sure wouldn't need to hire a graphic designer anytime soon. With the right prompts, it'll look realer than ever. Ha-ha.

Scott always kept it real. He led with clarity, humility, and a deep belief in the power of everyday people building wealth through real estate.

Whether you were a rookie investor or a seasoned agent, Scott helped you feel like you belonged in real estate.

Wishing you the best in your next chapter, Scott. And thank you — from one investor to another — for leaving the blueprint clearer for the rest of us.

On to new endeavors! 

 We truly appreciate you Michael and am very grateful for the real estate conversations we've had!

Our last from is usually in Mid-April and it can be brutal so we truly do have to time the seeds right, have row covers and all to make sure the plants don't perish if outside. Now's the time to get them going!

Would like to hear what you're growing Michael! 🌱

 Yes exactly! Now that Spring is here, it's such a great time to get those seeds in the soil. Literally and metaphorically with BiggerPockets! haha.

I've been gardening for four years and it relates to real estate in so many ways.

In fact, gardening is the most purest form real estate before anything else.

𝗦𝗼𝗶𝗹, 𝘀𝗲𝗲𝗱𝘀, 𝘄𝗮𝘁𝗲𝗿, 𝘀𝘂𝗻.

That's what's needed to successfully grow plants.

In real estate it's 𝗺𝗮𝗿𝗸𝗲𝘁𝗶𝗻𝗴, 𝗹𝗲𝗮𝗱𝘀, 𝘀𝗮𝗹𝗲𝘀, 𝗰𝗹𝗼𝘀𝗶𝗻𝗴𝘀.

But so many think it's just sales.

Sales is only necessary once you have leads to speak with.

You can only have leads to speak with if you've done marketing.

It's like watering seeds that are not in soil, you're not going to get anything out of that.

So many Realtors expect to have a abundant garden but do not have the right soil in place.

Being a F͟e͟a͟t͟u͟r͟e͟d͟ ͟A͟g͟e͟n͟t͟ on BiggerPockets is the epitome of having the right soil.

We have the brand, we have the marketing, we have the clients looking for you..

We have the 𝗦𝗢𝗜𝗟 AND 𝗦𝗘𝗘𝗗𝗦.

All you need to do as a professional Real Estate Agent is water and give them sun.

Send me a DM and ask me how.

 Great feedback Mike!

Quote from @Don Konipol:

Quote from @Adam Macias:

Wholesaling as it is today will be a thing of the past.

It’ll truly be strange to even hear people and gurus trying to make big money off it.

The more people try wholesaling but then end up not having an end buyer or cancelling contracts or trying weird things like novations, the more all of real estate will be regulated and cause requirements like licensing to be able to transact more than just your personal resident purchase.

Which I don't know why hasn't happened sooner.

Here's all the states (in red or yellow) requiring a license to wholesale or at least have started the process:

Credit: REITipster

I think licensing and regulation is a beautiful thing that should happen if you plan to be an wholesaler and do more than one deal... which is going to be the case for anyone taking this business seriously.

Or even it being regulated to need a real estate agent to do more than one deal outside of buying a personal residence.

I've had plenty of failed attempts with agents in pursuit of wholesale deals and I know exactly why, it's not because the agent couldn't find me deals, it's just not practical to think there's opportunity for the numbers a wholesaler needs to make a profit on top of everyone else needing to these days.

Because the only sellers who truly can sell at a deep enough discount are usually those who ran out of time and just didn't do something sooner with their situation.

I know many coaches and gurus will disagree with me but there’s no regulations on youtube gurus and what they teach either.

If we look at the current state of the market in hot cities, the availability of online resources to the average homeowner, how many deals can you possibly believe are available at 70% of ARV?

This isn't 2011-2013 days but many people are stuck in that time period STILL.

As I finish my licensing study, I'm very grateful I chose this route as opposed to being a one trick pony.

Wholesalers did themselves in by their method of operating.  The “buyer beware” philosophy is fine for commercial transactions, but taking “advantage” of home owners when they’re most vulnerable and lack market sophistication is something no right thinking person wants.  If a wholesaler can still profit while provided “full disclosure” and adhering to the rules and regulations of real estate licensees then they’ve earned their profit.  

I've done plenty of deals without and agent, off market not even on the MLS but I'm one of those wholesalers that did things properly, had qualified buyers before even reaching out to sellers and strictly stuck with assignments.

Biggest problem is so many "wholesalers" barely have the understand of a deed or what title insurance is so there's an immense amount of knowledge they need before hand which can just be provided to them by getting a license! lol

I love wholesaling, I truly do but times have changed. 

 So good! Love the discussion happening around this!

Wholesaling as it is today will be a thing of the past.

It’ll truly be strange to even hear people and gurus trying to make big money off it.

The more people try wholesaling but then end up not having an end buyer or cancelling contracts or trying weird things like novations, the more all of real estate will be regulated and cause requirements like licensing to be able to transact more than just your personal resident purchase.

Which I don't know why hasn't happened sooner.

Here's all the states (in red or yellow) requiring a license to wholesale or at least have started the process:

Credit: REITipster

I think licensing and regulation is a beautiful thing that should happen if you plan to be an wholesaler and do more than one deal... which is going to be the case for anyone taking this business seriously.

Or even it being regulated to need a real estate agent to do more than one deal outside of buying a personal residence.

I've had plenty of failed attempts with agents in pursuit of wholesale deals and I know exactly why, it's not because the agent couldn't find me deals, it's just not practical to think there's opportunity for the numbers a wholesaler needs to make a profit on top of everyone else needing to these days.

Because the only sellers who truly can sell at a deep enough discount are usually those who ran out of time and just didn't do something sooner with their situation.

I know many coaches and gurus will disagree with me but there’s no regulations on youtube gurus and what they teach either.

If we look at the current state of the market in hot cities, the availability of online resources to the average homeowner, how many deals can you possibly believe are available at 70% of ARV?

This isn't 2011-2013 days but many people are stuck in that time period STILL.

As I finish my licensing study, I'm very grateful I chose this route as opposed to being a one trick pony.