All Forum Posts by: Brendon K.

If it's your first several mortgages, can you do something like Airbnb to replace traditional rentals in the BRRRR game in the US? And IF you can, can you go at a similar pace versus traditional rentals?

Specifically, I'm wondering if you're going to be waiting 2+ years to get your next property if you head this route due to the financing not lining up.

I see older posts and I'm not sure how much has changed in the economy since they were written. Thank you!

Hello,

I am looking to simply observe wholesaling being done right.

I am not personally looking to start wholesaling properties. However, I have a fairly unique business skill set that I'd like to apply to the real estate "game" that will provide a ton of benefit to others who do wholesaling. I would like to observe someone who is getting consistent (provable) numbers and has a good rate of conversion. I don't care about the rest of the funnel in this case, only in the conversations themselves.

Do any of you happen to have any advice on who could be a resource? Happy to pay reasonable rates, which would be discussed separately. Legitimate videos would be fine too, it's just that I don't trust most of the videos on Youtube because the creators of those videos have something to gain through promising that their videos will immediately land deals (guru nonsense).

Thank you

Comps shouldn't be that detailed in my personal experience (if you take it to that level you may easily miss opportunities). Just compare it to something that has the same basic attributes but then just be careful about building that was done outside of code. A 3 bedroom is still a 3 bedroom even if that last bedroom was added on later. 

I feel like a cashier's check or a money order would be a highly safer and more documented method of paying for a deal. Is it just that people are advertising "I'll pay cash for your property" and then they turn around and provide an almost-like-cash? What do you use when a deal goes through?

Are they DRM-free mp3? I hate audible 😑

I tried asking the sales email but got no response.

May I ask how you're sourcing your leads?

Not a lot of activity on these forums. I'll be moving out to the Dexter area in a few weeks looking for some single family flips. It feels like there might not be a lot of wholesaling activity going on there--? 

First flip in progress, looking to save as much money as possible off agent commissions but trying to be realistic. I see a a few posts on BP saying that ListingSpark wasn't great, but this was 4-5 years ago. Biggest arguments are that the benefits from having a legitimate selling agent (legal stuff, fighting for better prices, etc) far outweigh the costs involved. I feel like many of the arguments came from people with bias (they're real estate agents themselves and want that sellers commission, that kind of thing).

I know that my house will sell, 100%. I'm in a flaming hot area. I have a really clear idea of what pricing I'm looking for. What's the hangup these days? Is there something better for someone trying to maximize returns but who doesn't necessarily have all the experience in the world like some of you do?

Hi!

On the BP podcast I've heard several people saying that one person out of a power-couple husband/wife team gets their real estate license so they can have access to the MLS, have better networking capabilities, and potentially save costs. I haven't yet heard of that person actually working as a real estate agent under someone after they get that license. They sound like they get the license and immediately go right back to flipping a house or some other activity that has nothing to do with a broker.

What is going on here? Or is there some kind of broker arrangement that means you don't have to work for a company or report to some broker? How do they get to do their own thing after they get their license?

This comes from the perspective of getting it in Michigan (because the person I'm speaking to about this is in MI).
To be licensed, you must first be associated with a current and active Michigan sponsoring broker. It's important to find the right broker to work with since this person will serve as your mentor as you start your new career in real estate.

Contractor company had two subs do my siding and my roofing, no problems. They had a different sub do my windows and as I watched they broke half of them. Now it's been six months after the expected end result and they're not budging on getting this completed. They're costing me money. I've tried talking to them and they're just completely ineffectual, I can barely get a response from them (much less an actual end date).

What kind of lawyer should be involved? How do I even start?