All Forum Posts by: James Hiddle

Be more active here. Let people get to know you better.

The best REI book is the one you got the most value and education from.

I want to throw some questions at you guys. Are these institutional buyers/hedge funds/equity firms more speculative players or are some actually REI savvy? Are they creating yet another bubble or is this just a passing storm that will die down soon? And are they doing more harm than good?

Ok you mind telling us what they are?

Where there is no more fish in the lake what do you do? You go to another lake. So if the market is dried up than yeah they're going to pack up and move onto another market.

And as soon as other hedge funds dry up their markets they'll move onto something else themselves.

If it's been on that market for over a year than that should tell you that the price is way off. You would probably need to reanalyze this and come up with a better price point.

On top of that I would suggest getting better photos as the ones there look like they were taken with a poor phone camera.

$75,000 EMD yikes!!

Leave it to J Scott to actually make more sense than most of us here in this thread lol!

Sure they worked hard for that money but in a sense that's all they're doing is funding the project while the rehab investor is doing 99.9% of the work while the lender/partner is at home doing whatever.

Maybe sitting on their a$$ was a bit presumptuous. More likely making love to their spouse :)-

Sounds like an ambitious plan and I do hope you succeed in it. I do want to offer my opinion on this and keep in mind this is just my opinion.

First you don't need a real estate license to wholesale. So as long as you have equitable interest you don't need one but you do want to contact a qualified RE lawyer especially one familiar with investing and see what laws there are concerning wholesaling as each state has certain rules you need to follow such as Pennsylvania and their transfer tax rule.

Second as far as venture capital you might want to check state and federal security regulations on this as you probably need to be SEC reg'd and have a PPM in place in order to secure venture capital.