Any Real Estate Investors And/Or Desiring Present
- Thread starter Zyin
- Start date
Zyin said:
Ahem!.. the term "Real Estate Investment" is so 2003. FYI, while you were away on Mars, the market tanked. There are millions of properties for sale and aint nobody buying shit! The Donald Trump wannabes who got suckered into exotic loans, felt equity "rich" for a while are now trying to dispose of their properties.
Read this story and weep: http://www.usatoday.com/money/economy/housing/2006-10-22-young-flipper-usat_x.htm
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on top there is a link "Search".
Search this Business forum for threads on R.E.
Come back HERE and list who you find are active investors.
(this is important, 'cuz if you can't follow instructions those in the know will prolly not bother helping you out)
Despite what some may say, it's a good time to make $$$ depending on where you invest and if you buy right. Profits are made when you buy, not when you sell. "Location, location, location" as they say...
Search this Business forum for threads on R.E.
Come back HERE and list who you find are active investors.
(this is important, 'cuz if you can't follow instructions those in the know will prolly not bother helping you out)
Despite what some may say, it's a good time to make $$$ depending on where you invest and if you buy right. Profits are made when you buy, not when you sell. "Location, location, location" as they say...
I'm a week away from cashing in (again). I'm putting pics together for that long promised thread. Plus pics of the next deals I'm working on.
We just had a regional convention and I'm reluctantly giving in to wholesaling...
I'll e-mail you tomorrow.
We just had a regional convention and I'm reluctantly giving in to wholesaling...
I'll e-mail you tomorrow.
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Bruh,afroyale said:
Why a brother have to be on Mars and shit… All he asked was a question and your link is about flipping and 10 mistakes. Also the fool is in SACRAMENTO his 10 mistakes were
Using 'liar loans', I read what they had there and if ya lying ya lying!
Overpaying… Now this is just plain dumb!
Lacking cash… Got ta have some cash or good credit.
Quitting your day job… DUH!
Hiring an unlicensed contractor… DUH again!
Buying sight-unseen… This guy was a fool!
Buying out of state… Ya got to know the area or know someone that know the area and trust them.
Buying too many properties too fast… Yeah
Underestimating remodeling costs… Yeah
Having a poor exit strategy… I already said the guy was a fool.
We all know by now that you have issues with this subject. Anywho…
”Think big”
“Stay Focused”
“Be paranoid (keep your guard up)
“Be passionate”
“Don’t ever give up”
“Love what you are doing”
Donald Trump
“Find inspiration in your work”
Dan Kennedy
Stay up Dawg.
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1. I am full time my brother.Zyin said:
2. I will be investing in the ATL area with a brother from this board. We have been doing business and the brother is straight up so we moving to some bigger business deals.
Now is the time to look at deals and some good one are showing up. It’s like Stocks Dawg, buy low and sell high. Now is not a good time to sell if you are selling.
Stay up!
Anyone getting started in investing should at least look at this company
www.equitywithintegrity.com it is the only accredited real estate investment university that there is.
www.equitywithintegrity.com it is the only accredited real estate investment university that there is.
Hi. while the above statement may be true for that brotha, that is clearly not the case in Cleveland. It does, however, matters how you buy, when you buy. See what I and my partner has done, is that before we buy, we make sure of the numbers first. An example of how we do would be this. If a property is worth $100,000 , we make sure that we can purchase and rehab the property all under 65-70% of the appraised value of the property, which is $100,000. So , going into it, i do my best to A) find out what it's worth, B) What is the asking price? C) What will it cost to put it back together. And then see if everything can be done for $65,000-$70,000. If i can then its a good deal and if not, then first I try to negotiate the price down to fit my program and if not then you simply move on the next property. Too many houses around to be waisting on people who are trying to every buck out of a house.So now that we are now try to sell the property, we simply give it to an agent and also have the agent list it with a selling bonas to any selling agent whoe' client buys my house. Also we help people out with a little of our money towards their closing costs. Just bees to honey. Haven't held on to a house longer than 3-4 months. Now this man is right in the aspect of people are not buying like they used to be, but as long as you have a good plan and a better exit straggity, you be fine. And if you need any advise or have any question, I'm here to help anyone, anyway I can.afroyale said:
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Real Estate Investing is alive and well. If an investor could purchase homes at 30% to 40% discount when the market was red hot, what do you think they will be able to do when sellers are being told "it's a buyer's market, sell while you can, the sky is falling !!!!" by CNN, MSNBC, Fortune, Wall Street Journal, Washington Post. Rehabbers know that they have to have the best looking house on the block AND have it priced at 5% to 10% less than the other homes.
Here is what is going on in my market (DC Metro)
- Days on market are up.
- Northern Virginia has seen the biggest slowdown.
- The entry level housing market in Prince George's County has seen the least amount of slowdown.
- Larger developers that are building condos are either putting of projects or more likely taking half of the units and making them rentals and sticking to the plan for condos of the remaining units. It always help to have more than one exit strategy/revenue stream.
- Buyer's expect that the seller will contribute closing help in the amount of 3% to 6% of the purchase price.
- Rent increases!!!! When the housing market slows down, rents increase. Tenants know that their renters aren't going to becoming homeowners anytime soon.
Here is what is going on in my market (DC Metro)
- Days on market are up.
- Northern Virginia has seen the biggest slowdown.
- The entry level housing market in Prince George's County has seen the least amount of slowdown.
- Larger developers that are building condos are either putting of projects or more likely taking half of the units and making them rentals and sticking to the plan for condos of the remaining units. It always help to have more than one exit strategy/revenue stream.
- Buyer's expect that the seller will contribute closing help in the amount of 3% to 6% of the purchase price.
- Rent increases!!!! When the housing market slows down, rents increase. Tenants know that their renters aren't going to becoming homeowners anytime soon.
Hey bruh.,Zyin said:
I checked out the link and everything seems to be on the up and up. I see my moving to another level. I am now working on a deal in Mexico that I will most likely sell in about three to six months for three to four times my purchase price.
I did get very lucky with this deal!
Stay up!