🔥Watch our FREE TRAINING to learn how to Wholesale & Flip Houses from the MLS without having to do any marketing: www.realestateskills.com/training?el=8jobs
Hello, Christopher! Yes, in many states you're required to have a real estate brokers license to operate a property management company. However that person can hire non-licensed individuals to manage the properties as long as they are under direct supervision. It is also important to note that this is only required if you're managing other peoples properties because you don't need a license to manage your own. I hope this provides a bit more clarity 😊 Cheers! 🏠
Hi Alex I Been Looking Into Real Estate Wholesaling, Watching Videos And Taking Notes For About Two Weeks Now And I Came Across Your Channel And I Just Want To Say THANK YOU, The Way You Break Down In Depth, The Way You Explain Certain Wording And Different Ways To Close Deals And Find Sellers/Buyers And Just The Overall Amazing Content Thank You Again I’m Planning On Getting Started End Of This Year Or Beginning Of Next Year 🔥
Hello, Jayy! You're very welcome! I'm glad to hear that you've found value in the real estate wholesaling content and information you've come across. It sounds like you're taking a thoughtful and strategic approach to your real estate journey by doing thorough research and planning. Taking the time to educate yourself and prepare before diving into real estate wholesaling is a smart move. It can help you build a solid foundation and increase your chances of success when you're ready to start. If you ever have more questions or need further guidance as you move closer to beginning your real estate wholesaling endeavors, don't hesitate to reach out. Whether it's about finding deals, negotiating with sellers, or any other aspect of the business, there are plenty of resources available to assist you. Cheers & Happy Wholesaling, Jayy! 🏠🚀
It’s because as an investor u have an equitable interest in the property. The other 30% accounts for closing costs, holding costs & your desired profit. You’re not trying to buy to live in it, you bought it to make a profit
@@talentekhuzwayo2705 thank you. I completely agree with what you’re saying; however, finding deals and using the 80% ARV can also bring profits but it’s how you evaluate the deals and how much you can invest as well
Hello, Selena! The 70% rule is just a general rule of thumb not set in stone. While it's possible to obtain loans for a higher percentage of the ARV, the 70% rule serves as a risk management tool in real estate investing. 😊 It ensures a safety margin for unexpected expenses, market fluctuations, and financing costs, ultimately helping investors make more informed and conservative investment decisions. I hope this shares some additional insight for you! Cheers! 🏠
Hello, Boluwatife! Yes it is possible to wholesale real estate outside of the United States, but the process and regulations can vary significantly from country to country. It is always very important to do your research in your local area and understand how to abide by local laws and regulations. Cheers! 🏠
Hello again, Carlos! We actually wrote an article talking about wholesaling in Maryland. Here is a link: www.realestateskills.com/blog/how-to-wholesale-maryland?el=8jobs We think you will love the article and it will give you some insight into your local area. 😊 Cheers! 🏠
🔥Watch our FREE TRAINING to learn how to Wholesale & Flip Houses from the MLS without having to do any marketing: www.realestateskills.com/training?el=8jobs
In many states you absolutely need a real estate license for property management.
Hello, Christopher! Yes, in many states you're required to have a real estate brokers license to operate a property management company. However that person can hire non-licensed individuals to manage the properties as long as they are under direct supervision.
It is also important to note that this is only required if you're managing other peoples properties because you don't need a license to manage your own.
I hope this provides a bit more clarity 😊
Cheers! 🏠
Hi Alex I Been Looking Into Real Estate Wholesaling, Watching Videos And Taking Notes For About Two Weeks Now And I Came Across Your Channel And I Just Want To Say THANK YOU, The Way You Break Down In Depth, The Way You Explain Certain Wording And Different Ways To Close Deals And Find Sellers/Buyers And Just The Overall Amazing Content Thank You Again I’m Planning On Getting Started End Of This Year Or Beginning Of Next Year 🔥
Hello, Jayy! You're very welcome! I'm glad to hear that you've found value in the real estate wholesaling content and information you've come across. It sounds like you're taking a thoughtful and strategic approach to your real estate journey by doing thorough research and planning.
Taking the time to educate yourself and prepare before diving into real estate wholesaling is a smart move. It can help you build a solid foundation and increase your chances of success when you're ready to start.
If you ever have more questions or need further guidance as you move closer to beginning your real estate wholesaling endeavors, don't hesitate to reach out. Whether it's about finding deals, negotiating with sellers, or any other aspect of the business, there are plenty of resources available to assist you.
Cheers & Happy Wholesaling, Jayy! 🏠🚀
@@RealEstateSkills Most Definitely Thanks Again !🔥
Of course happy to help!
You're very welcome! 🙂
You knowledge me so much thank you Alex it’s crazy you give out info mostly for free!
Hello, Theyhatekenneth! Thank you for the kind words and we love to hear you enjoyed the content we put out! 🚀
Cheers! 🏠
amazing content!!
Thank you, Marlon! 💙
Cheers! 🏠
Question 🙋♀️ why is the 70% rule is used when you can get a loan for 80% of the ARV. Thank you for sharing knowledge and experience.
It’s because as an investor u have an equitable interest in the property. The other 30% accounts for closing costs, holding costs & your desired profit.
You’re not trying to buy to live in it, you bought it to make a profit
@@talentekhuzwayo2705 thank you. I completely agree with what you’re saying; however, finding deals and using the 80% ARV can also bring profits but it’s how you evaluate the deals and how much you can invest as well
Hello, Selena! The 70% rule is just a general rule of thumb not set in stone. While it's possible to obtain loans for a higher percentage of the ARV, the 70% rule serves as a risk management tool in real estate investing. 😊
It ensures a safety margin for unexpected expenses, market fluctuations, and financing costs, ultimately helping investors make more informed and conservative investment decisions.
I hope this shares some additional insight for you!
Cheers! 🏠
@@RealEstateSkills it did. Thank you so much. So it’s basically a safety blanket which I completely understand. Much appreciated. Thank you 😊
@@selenajackson1126 Of course, happy to help!
Thank you!
You're welcome, La Diosa! 💙
Cheers! 🏠
I been struggling with Realtor is there any tips for working with them?
Hello, Carlos! Can you expand on what exactly you're struggling with?
Cheers! 🏠
So truffle and the best teacher
💙
Can you wholsale properties outside the U.S?
Hello, Boluwatife! Yes it is possible to wholesale real estate outside of the United States, but the process and regulations can vary significantly from country to country. It is always very important to do your research in your local area and understand how to abide by local laws and regulations.
Cheers! 🏠
hey I been trying to get into wholesaling in Maryland is there anything I should know about my state?
Hello again, Carlos! We actually wrote an article talking about wholesaling in Maryland. Here is a link: www.realestateskills.com/blog/how-to-wholesale-maryland?el=8jobs
We think you will love the article and it will give you some insight into your local area. 😊
Cheers! 🏠
@@RealEstateSkills really appreciate ty
Happy to help! 🚀
Yessir let’s get it my man
You go this, Xeon! 🚀
Cheers! 🏠
Cool video
Thank you, Tito! 🚀
Cheers!🏠