Real Estate Wholesaling

[ashutoshets]

Yes it is very Good.

 

[Kerkat]

1. You don't find the best deals with an agent.
So how do go about it then? How do you buy a house without an agent?
He is not the kind who likes to do a lot of research.. He likes to outsource and then go look.

2. You don't want to buy good houses. You want to buy the absolute shittiest house in an okay neighborhood.
You mean, renovating and shit will be more cost effective? He won't do anything himself.. He just isn't the kind who would even assemble an Ikea desk. Give him computer parts and he will happily assemble it though. He works and works and works and then work some more...

3. You're talking about buying a residence in Silicon Valley. We live in Merika where most home buyers aren't fighting w/ cash offers over a condo without beach access.

Then what exactly happened with all his deals? These houses were just close to his office, and good neighborhood.

Please give me some tips.. He is really not into this real estate thing. And I think he is doing it all wrong...

That's the golden nugget for property investment. You can throw as much money at a house as you like but if the area is a dump the house will never give you your money back. On the opposite side if your house is in a good area, even a minimal investment can put thousands on the value as it will always be a desirable area.

 

[FerrisHilton]

Then again, most asset classes never go down in value, especially real estate...

Bro that's what everyone I know tells me. Real estate always goes up in value and NEVER goes down. Except when it goes down. Then that's the only time it goes down.