All Forum Posts by: PING CUI
PING CUI has started 6 posts and replied 10 times.
I am totally new in this field. I want to know what "comps" mean in real estate field. Thanks.
Post: How do you usually find your first property?
- Monroe, NC
- Posts 10
- Votes 1
You mentioned I don't have to own a property to control it. I understand if I am a wholesaler, I don't need own the property, but if I want to rent the property, how can I avoid to own it? Thanks!
Post: How do you usually find your first property?
- Monroe, NC
- Posts 10
- Votes 1
Thank you so much, Paul! This is so helpful! And if you don't mind, I want to ask a little bit more, how much do you think it is proper for the new investor to put on the first investment house ? I mean cash buy.Wholesale or flipping house or something else as the first investment?Thank you.
Post: How do you usually find your first property?
- Monroe, NC
- Posts 10
- Votes 1
I am a newbie in this field and want to know how people here usually find your property, especially the first one? I understand network, but when I have zero experience, I also have no network. Should I start with an agent who can help me find the property, then start to build my network, or do my own on-line research to find the property? Thanks a lot.
I am still learning in investing on realty field. I found RealtyStore.com and wanted to see some house details but are required to pay for the membership which is 50 bucks a month. Anyone used this website and is it worth of it? If not, how do you usually find your first property? Thanks!
@Dawn Anastasi, thanks. Then do the turnkey companies buy properties from house flippers? Thanks.
In real estate investment, does turn key mean flipping a house? Thanks.
Post: The difference between a wholesaler and a house flipper
- Monroe, NC
- Posts 10
- Votes 1
Originally posted by @Jassem A.:
Usually because the seller wants cash for the house ASAP and they do not want to waste time listing it with a realtor or they are too uneducated to list it with a realtor. The wholesaler will usually know a network of investors that buy properties in that area and will advertise the homes to them that they have under contract in the hopes that they can generate a profit above the contract amount within the contract period.
Thanks Jassem! But if the house cannot be sold within the closing date, does the wholesaler need pay anything to the original seller? Thanks!
Post: Is Wingate University area good?
- Monroe, NC
- Posts 10
- Votes 1
Hi,
I am new here and still learning a lot in real estate. Is that university area good for a house flipper or wholesaler or I should avoid that area? Thanks.
Post: The difference between a wholesaler and a house flipper
- Monroe, NC
- Posts 10
- Votes 1
Hi,
I am a new one here and still learning every day. I want to make sure the difference between a house wholesaler and a house flipper? For my understanding, a house wholesaler is the middle man for the original house seller and the potential buyer. But why do we need such a middle man? why the buyer cannot find the house seller directly? No network? Thanks.