Trust in the trust

Great tips. I have had a lot of success using hipages to find contractors.

Its very hard to time the market. I think a deal is a deal no matter what is happening on the market. As long as you aren’t banking on appreciation in the short term or something market related to happen for your deal to work then you will do fine. You know what they say, don’t wait to buy real estate, buy real estate and wait

I love buying houses for sale by owner. The reason I do though is it is easier to negotiate and I get much better deals. If you are trying to maximize the dollars you get I would use a great agent.

I don’t buy tax liens but buy a lot of houses where investors have bought the tax liens. I will buy it before the investor can take title and they get paid out their investment and interest at closing. It is a good buying strategy as you help the owner get some equity from the house but also get it at a price that leaves some for you to.

Jeremy you assume incorrectly. I do often add value myself but I also assign a lot of my deals. This means that I contract them and then assign the contract to another investor at a higher price. They close the property and I receive the difference. I sometimes double close meaning I buy the property and sell it to another person on the same day. The value I added was putting the deal together and I made my money when I bought.

Hey Jeremy, I am from Australia originally and own 6 rentals across 3 states so understand how the Australian market works. I do make money when I buy. It is the way I buy specifically that makes the money. I pay cash and close fast with no contingencies and other terms that the sellers like. There are also no realtor fees for the seller. This means when I close a deal I have instant equity.

This doesn’t make what you are saying wrong, only when you put the information forward as a universal truth. Like Robert Kiyosaki says there are 2 sides to every coin and the smart people sit on the edge of the coin and understand both sides.

There is a story behind every house I buy of a seller I helped. If you want to understand more I gave been listing videos talking about it https://homebuyerlouisiana.com/we-buy-houses-new-orleans/

That advice is right for lots of people but it is not a universal truth. I buy off market properties and create great deals by helping sellers solve their problems. I buy for cash and then did up the house and refinance out all my capital. The return I get going forward is infinite and this came from his I bought.

This is a common myth. It is true that tjose affluent areas often get higher growth in an upmarket but they also go lower in a downtown. This means there is more risk so should get a higher return than a more stable asset to offset that risk. As your data shows this isn’t the cae.

Personally I think the best buying time is soon but not now. I am from Sydney but live and invest in New Orleans. The markets are really hot over here mainly because supply of houses was hurt by Covid (and yes interest rates help). Supply will come back and even out and there are a lot of grey clouds on the horizon. There are a lot of people on forebearance which will end soon and the number of business that have closed and people that have lost jobs are high. I am still buying houses now because I am local and get in and out fast but this is not the time I would be jumping into a new international market. When a downturn hits which should happen at some point in the near future maybe that would be the time to make a jump. That’s my 2 cents for what its worth