All Forum Posts by: Pierre Ligon

Welcome to the investing world.

The 1% rule from what  I see is still applicable in smaller markets or markets that are heavy rental markets like Ohio. Your able to find $30k properties renting for $800. 

The closer you get to that rule, the more the other problems that come with rentals become more present. Things like vacancy, property repair and overall neighborhood issues. These places also do not have great economic drivers like population / job growth. 

If your looking to meet this rule look for areas that aren't high growth. 

Awesome!

Thanks for the update 

Here is the regulation.

Amend KRS 324.010 to redefine "real estate brokerage" to include advertising for sale an equitable interest in a contract for the purchase of real property between a property owner and a prospective buyer; amend KRS 324.020 to limit this type of advertising to licensed real estate brokers.

Seems pretty specific to wholesaling if you ask me . I see these regulations popping up all over. This one seems to be the most specific. 

I don't see it affecting my business much, I run a hybrid model ( Investor / Agent ). I do foresee NAR getting even more strict about the strategy. I am in the Hampton Roads market right now I have not seen or heard of any regulations coming as of yet .

Any thoughts? Are there any regulations in your market? Do you plan to pivot to another strategy?

Welcome to the REI world.

If your interested in sandwich leases look into Ron Legrand, he is the OG/Godfather of the sandwich lease niche. 

If your going to dive into lease options please look into Dodd Frank Act to make sure your in compliance with any laws regarding the rent to own / lease options. 

Feel free to reach out with any questions . 

Congrats on the new mindset! @Courtney Sutton

Like @Rachel Kokosenski said get used to crunching the numbers. I recommend doing around 5 a day till your able to look at the subject and get a close estimate. I actually still play a game of did my estimate match the contractors.

As for going the creative route, it works if you do. I love the strategies / tools it presents me .

As for analyzing in "hopes". We all are in one way or another lol. But being able to spend as little time as possible before having a great prospect property will save you so much time/money!

I have noticed the same. I like many others have scoured the web to find the OG's in the creative space. 

Most of what I see sold now for 8 grand is just a mix of all the greats Wendy P. Ron L. Carlton S. Ect. with the marketing spin put on it to make it sell(and more confusing). 

I watched a new hot gurus first interview from around 2019 where they said they learned from "all the greats from the 80's" so I googled "no money down real estate 1980."

Boom a wealth of knowledge.

What I have learned?

Real Estate as a whole isn't going to change a whole lot. Find a strategy you like and focus on being the best at it. Everything else should be tools used to get to your goals. Your main tool today may not be the most used tomorrow .