13 October 2022 | 8 replies
Hey all,I'm a 22 year recent USC graduate working for a major consulting firm doing real estate valuations. While having job security is great, my overall dream is move past analysis paralysis and get into real estate...
27 October 2022 | 9 replies
TxDOT has finalized their flyover improvement for safer and more efficient on/off access.
3 November 2022 | 16 replies
I know my numbers, I know what is a good deal or not.The WHOLESALER determines the offer, NOT the buyer.I see some of you don't understand the job of a wholesaler.A wholesaler is not some sleazeball that does minimal work and then collects an (undeserved) fee.The wholesaer (a good one):1) Finds the seller2) Does his/her due diligance3) Takes note of all the things wrong with the house4) Forms a solid Cost Of Repairs, ARV, and As-Is value of the house5) Negotiates with the seller to put it under contract for a price that works by the NUMBERS, not the end buyer.6) Presents the contract and explains the contracts7) Makes sure the seller knows it all, what they can expect, how it works, what the risks are, what the time line is, etc.8) Finds a cash buyer for the contract9) Presents the cash buyer with the property report where all the pertinent information is lists for the buyer10) Makes absolutely clear that it is the buyer's responsibility to verify the numbers.11) Works as the communication middleperson between buyer and seller12) Makes sure the buyer follows throuhj with their responsibilities as well as the seller's responsibilities13) Keeps constant communication with the seller till closing.So I think I see where you guys are coming from when saying "it is the buyer that makes the offer".. as in the buyer will ultimately need to be fine with the offer... and yes, the end buyer needs to make a profit sure...
29 November 2022 | 21 replies
If you’re defaulting straight to an Excel when you’re looking at a deal, your process can become more efficient.
1 December 2022 | 10 replies
You also have to consider - does the communication, underwriting and maintenance process that they have in place work?
6 July 2022 | 2 replies
Hi all,just purchased a MFH unit in Joliet IL and have few bad apples that i need to manage effectively and efficiently. one is tenant, grandfathered in for 20+ yrs. believes he owns the property - almost has occupied the entire basement beyond his basement unit ( I fear my insurance may not pass my claim in future as he has created a hazardous environment). of course, pays under market rent and when i showed up with new lease terms/ agreement (i did intend to continue leveraging him in the same fashion as the previous landlord and kept the rent on the lower side of the market ) but still not a great fan. basically long story short, i need to get him out.
21 June 2022 | 7 replies
I also have a local lender to Pensacola that I will work with next as they have similar products, and I think they will be more efficient (Kiavi is a national lender).
3 July 2022 | 3 replies
Use your OWN head.Stay honest, stay transparent and have an awesome open line of communication with everyone involved in the transaction... follow these rules and I will see you on the 8-Figure side!
30 June 2022 | 161 replies
I'm in the Northeast so efficiency is important.
15 June 2022 | 8 replies
Having more units helps mitigate vacancy losses and are generally more efficient to operate.