All Forum Posts by: Storm S.

Assigning purchase and sale agreements on a one-off basis with the original intent to close does not violate the law but its specifically mentioned if you do it 8 times you need to be a broker

@Will Barnard I agree with you just doing it once violates licensing laws, but there is explicitly a law that says you can’t do more than 8 a year I’ll post about it later.

To all the California wholesalers on this forum, wholesaling is explicitly against the law in California if you do more than 8 a year without an active real estate license.

@Luke Saglimbeni I disagree I was going. to school to become a quant and work for a hedge fund before I got into real estate private equity and all the successful hedge fund managers either use quant strategies or fundamental based strategies, none of them are using technical analysis, the only people using it are the amateur traders and that’s because the brokerages push it hard because it causes them to trade more and generates them more commissions. In addition all the academic research on the topic refutes the claim that technical analysis works. Look into the efficient market hypothesis. Any gains you make off of technical analysis are purely just based on luck.

@Isaac Johnson if you want to learn the stock market don’t waste your time with technical analysis it’s like reading tea leaves and professional hedge funds don’t use it. Study fundamentals and the intrinsic value of a company.

@Isaac Johnson that’s true, but you could diversify and buy a real estate etf such as vnq or buy a real estate mutual fund and still be up over 20% for the year.

@Isaac Johnson I'd like to give an honorable mention to the publicly traded REITs the best of both worlds real estate and stocks. If you invested in any of the cell tower/ infrastructure REIT's at the beginning of the year you would be up at least 50% and if you picked the top one you'd be up 90%

@Ben Feder by some courses on udemy they cost 10 dollars and you’ll learn more than what you would at that 3 day course

@Ola Dantis you can get beach front student housing at an 8% cap rate here in SB, definitely more sexy than regular apartments

@Payton Reid you should always make cash (not contingent on getting financing) offers but reserve the right to get financing it will make your offers much stronger. Now the question of getting financing there are two cases. Stay in all cash if you don't have the risk tolerance for debt and you want the highest possible cash flow. This normally will come at a cost though as you will be decreasing your IRR and Equity multiple and some of the tax benefits you get from having financing. The second case is stay in all cash whenever your unlevered IRR is greater than your levered IRR this is rare but it does sometimes happen typically this will occur when you have a bad deal as debt makes a good deal better and a bad deal worse. In case anyone reading this doesn't know what IRR stands for. IRR stands for Internal Rate of Return and you can think of it as your average annual rate of return.