Love your show. You say that working with agents is "free." Nothing is FREE. In CT, the going agency rate is 6% of the home's sale price. So, for a $1M home, you have to hand over $60K for a buyer in a market where buyers are plentiful and begging for homes. Why do you need to pay anyone to bring you a buyer? You must have your RE license, right? You can list your properties on the MLS, yourself. And all the buyer really needs is a home inspector, a RE attorney and a bank for the loan. It's not that hard.
My biggest hurdle is I don’t know how to find a good course to learn specifically about house flipping & real estate investing. I would like to know what course you took or other suggestions will be of great help. I plan to work my full time job to fund my education & first flips. I live your videos more than HGTV Flip or Flop!!!
Thank you! Going to my first deal soon! Would you recommend hard money for long term rentals or short term rentals? Or would you say that’s only for flips?
Congrats, that's exciting! It depends on whether you can get a conventional mortgage for your rental. Some hard money lenders offer loan programs for rentals, but the rates are higher than conventional mortgage, so if you are qualified for a conventional mortgage, you can pay lower interest.
@@TransformRealEstate Thank you very much and we had house just do the painting the wall and the new kitchen a tidy up,new the curtain we spend. 50000.
Hey if you're still interested, I actually just launched my coaching program, Transform Flipper Academy, to teach you to flip houses the right way. You can apply here: transformflipperacademy.com
Watch next:
Flipping Houses for Beginners Playlist:
ruclips.net/user/playlist?list...
I'm curious, do you take out these Loans under an LLC or under your personal name?
Useful info as always 😸!
Thank you - so glad to hear that!
Your content is so great. I appreciate the information and advice you have shared. Many thanks for your helpful time. God bless!
Happy Holiday Elisa. Thank you for sharing all your knowledge. It's been a great help.
Happy holidays to you too! It's my pleasure!
Love your videos! Very informative and concise!
Thank you so much! Glad you found it helpful!
Great information! It really helps me get started. Thank you!
So glad to hear that!!
Great info as always. I wait with great anticipation for your videos!
Aww, thank you so much! I really appreciate your support!
Love your show. You say that working with agents is "free." Nothing is FREE. In CT, the going agency rate is 6% of the home's sale price. So, for a $1M home, you have to hand over $60K for a buyer in a market where buyers are plentiful and begging for homes. Why do you need to pay anyone to bring you a buyer? You must have your RE license, right? You can list your properties on the MLS, yourself. And all the buyer really needs is a home inspector, a RE attorney and a bank for the loan. It's not that hard.
Thank you very much Ma’am Eliza, great video.....👍
one of your best videos yet
Thanks! Glad you liked the video!
My biggest hurdle is I don’t know how to find a good course to learn specifically about house flipping & real estate investing. I would like to know what course you took or other suggestions will be of great help. I plan to work my full time job to fund my education & first flips. I live your videos more than HGTV Flip or Flop!!!
Great informative video! Thank you!
Great video and information! You just gained a new subscriber 👍🏼
Thank you so much!
Thank you! Going to my first deal soon! Would you recommend hard money for long term rentals or short term rentals? Or would you say that’s only for flips?
Congrats, that's exciting! It depends on whether you can get a conventional mortgage for your rental. Some hard money lenders offer loan programs for rentals, but the rates are higher than conventional mortgage, so if you are qualified for a conventional mortgage, you can pay lower interest.
Gracias por el video, muy útil!
Do I need an LLC to borrow from a hard money lender?
Hi Elisa, I thought you need to be a realtor to access MLS? Or maybe part of MLS is for Realtors only? How do you get such listing? Thanks!
You can get access by being an assistant to an agent. Ask an agent friend of yours.
Are there benefits to getting a real estate license so you can be the agent on the deal?
That’s a great question, one that definitely crossed my mind.
Is the profit minus the labor cost? thank you
I don't think I mentioned profit in this video, but yes, in general, profit is after labor cost.
@@TransformRealEstate Thank you very much and we had house just do the painting the wall and the new kitchen a tidy up,new the curtain we spend. 50000.
my english poor
Have you considered being a mentor??
Yes, I’m open to it.
Hey if you're still interested, I actually just launched my coaching program, Transform Flipper Academy, to teach you to flip houses the right way. You can apply here: transformflipperacademy.com
A bad piece of advice. If you borrow money from friends then you would lose both friends and money.