Realllllly important question we must discuss to be considered diligent and prudent investors. US macros are weakening and we’re seeing a few common themes: over leverage on personal credit (maxed out), unemployment, a hault in manufacturing (a leading indicator), slow down in consumer spending, increase of wealthy people shopping at Walmart (never a good sign). These mechanics in addition to isolated geopolitical events would be irresponsible to ignore. I am in NO WAY saying the sky is falling and run for the hills. We leave emotional decision making for telenovelas. Market corrections happen and I prefer to be pragmatic about them. Now the question: when calculating speculative rent/ sale price of a flip property, is anyone running shock scenarios that include if: rent/sale price was 10%, 15%, 25%, lower? And, if that said property is still a good investment? Let’s discuss this openly and objectively.

I am going to work on a YouTube video to go over which of the two presidential candidates would be best for real estate investors! What topics of their policies/actions do you want me to cover? Comment below if I missed one in the poll What they do definitely affects the market and smart to understand what they propose and plan/be prepared accordingly theres no need to make it political, just data and policy driven as possible. Please be polite and keep your politics out of your comments :)

I was sent a property that looked great (to me), and the seller wanted to move quick. After analyzing it I immediately sent an offer and submitted the deal to a recommended lender. They told me they liked the numbers and could close in two days. 5 days after that I was still getting excuses and being asked redundant questions. Finally, at the last minute before signing to close, they pulled out. No reason, stopped answering emails and refused my calls. No clue what got up the lenders ass. I called people I've worked with that know him. They reached out, pleaded my case, vouched for me without result. All have said they don't understand his problem and couldn't figure out what happened. My next move was to call the seller and ask for help, and reach out to the tiny network I have. I thought I had everything in place and realized that I need a bigger network so I have back ups and more choices to put me in control. In the end, I now have more than one resource and am currently on schedule to close after the weekend. Because I was in a bad position I didn't get the best term but it's not terrible. All the numbers work, and besides it's only two of three payments anyways. I'm actually getting an Ok deal, a higher LTV than before. Only one of the fees is more, but that wont happen again So my lesson is to be better prepared by having more choices, not just one source.In this case, meaning a Lender, but also in every other category too. I'll never beg for money again. I'm submit to all of them and let them fight for me. We do this with estimates, car repair, everything else but it seems many of us try to stick with a lender or bank for some reason. Next up- Rehabbing two places at one time...

In order to access the course you need to make 5 interactions with the group (likes, comments) - its really that easy. Start by introducing yourself to the group. I LOVE learning more about the cool people in this group and how we can help. Feel free to share where you are from, why you are here, what you do for a living, and what you makes you interested in real estate investing. Have fun here. Real estate is about meeting the right people and this is your opportunity to network! Also - don't underestimate the power of a network. Look at this network as your own. Give to others and have others give to you. It will take you a long way in the world of real estate.

Answer the following poll to let me know where you guys are at in your investing journey? Also if you are in the Tri-state area on August 8th, I am hosting a meetup in NYC with @Stella Han and her team at Fractional (a platform where you can partner up with people to buy real estate together easily) If you are around, I'd love to meet you in person. Here's the link to register: https://www.fractional.app/events/01J37AJXXZ5VMYV2RC2N7S9W1F