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Real Estate Learning Community

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Land Conquest - Land Investing

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16 contributions to Real Estate Learning Community
Feeling Excited But You Need To Read This 😱
I am definitely fired up for this group having grown to 200+ members in such a short amount of time. Although, I do recognize some folks have joined this group looking to sell things that have nothing to do with real estate investing. If you come across these individuals please let me know and I will immediately remove and ban them from the group. On other news! Had an incredible Zoom call with one of our newest FTS member guiding her and her husband through the quickest way to make $10,000 in real estate. I did a training all about this with another student and literally showed her in real time from beginning to end how anyone can do this in any market. I am sharing with you all this full private training down below! Happy Friday! "Understanding Wholesaling Land Deals" 1. Introduction to Wholesaling 0:00 - Discussed a call with Stacey about her first fix-and-flip. - Emphasized the excitement around wholesaling due to low risk and higher returns. 2. Importance of Quick Transactions 0:35 - Highlighted the value of getting money in the bank quickly. - Mentioned the proof of concept and ROI from successful transactions. 3. Focus on Wholesaling Land 1:54 - Explained the simplicity and speed of wholesaling vacant lots compared to other properties. - Shared experiences of helping others make significant profits. 4. Example of a Successful Land Deal 2:24 - Walked through a recent deal involving a one-acre lot. - Discussed the process of pulling a list and contacting potential sellers. 5. Evaluating Property Values 3:30 - Explained how to evaluate property values based on surrounding home sales. - Discussed the importance of understanding the local market.
Feeling Excited But You Need To Read This 😱
0 likes • Mar 23
You are incredible brother. This was gold.
Almost done with our first MTR! 🏡
Testing out the MTR (mid term rental) model for this home we’ve BRRR’ed in Anderson, SC < 2 mins from a major hospital and Main Street! #MTR #midtermrentals #travelnurse
Almost done with our first MTR! 🏡
1 like • Dec '24
@Myles Berrio thanks man! Furnished Finder and we have a friend who works there
2 likes • Dec '24
@Miesha Bostick I like to use MySmartMove for background checks and credit reports and use the fee requested as an application fee for the tenant to apply. It’s worked well for our LTR, but we will test it out for this one!
I ❤️ Spreadsheets
Happy Friday everyone 👋 I run deals all the time for my own investments and for clients. One of my strengths is building spreadsheets for everything from flips, furnishing lists, and especially our business and personal finances. I'd go crazy without them! 🫠 I started with a Bigger Pockets membership and found the investment property, BRRR, and other calculators extremely useful. From there, I've refined my SOW sheets and reno calulator. https://www.biggerpockets.com/investment-calculators I'm sure we've got some other spreadsheet nerds here; what templates have helped you scale and grow both personally and investment-wise? Can we make this a thread for good resources others can use??📈 🤝
I ❤️ Spreadsheets
0 likes • Dec '24
@Myles Berrio @Jonathan Miller I’m all ears to see a master at work!
Fees charged for terminated transactions during the contingency period
I am new to the SC Real Estate nuances with realtor contracts and attorneys. I am very experienced in Michigan. There a few things that are very different. 1. Termination fee. - curious on why the sellers seem to really negotiate this term. The EMD is designed for damages if withdraw outside the contingency periods? What is an acceptable practice to overcome this and still get deals off the MLS? 2. Is it customary for attorneys to charge a canceltion fee if transaction terminates? Doesn't the attorney supply title insurance for seller?
0 likes • Dec '24
For SC contracts the EMD is consideration in the transaction and what’s holds both parties to the contract terms. If there are contingencies unfulfilled by either party, the EM is at stake. The DD period is for inspections or any other reason outside of contract contingencies for the buyer to terminate. If a buyer ties up a property to try and assign it and is unsuccessful, they’ve wasted the seller’s time with no recourse while the property accumulates days on market at the detriment of the seller. There is a tactic I like to use to reduce the risk of losing EM for my clients and we can discuss this in a non-public forum. Some attorneys may charge fees if they’ve started their paralegal processes and a contract is cancelled. The seller typically pays very little of the transaction fees in SC compared to the buyer. Buyer orders title search and pays for title insurance. The seller likely would already have had title insurance when they bought it, so it wouldn’t make sense for them to pay for the new buyer. I hope this helps! If you need someone in your court for negotiations, I’m an investor agent in the Upstate. Text/call if I can advise in the near future. (828) 421-4232. https://linqapp.com/kyle_sizemore?r=link
Land
Hey everyone! Looking to connect with a land specialized agent local to SC. Anyone with experience in timber, agricultural and hunting tracts?
1 like • Dec '24
👋 Hey Nicole, I can definitely help. Feel free to shoot me a text: https://linqapp.com/kyle_sizemore?r=link Here’s a recent killer tract of land I sold: https://www.zillow.com/homedetails/225-W-Union-Dr-Belton-SC-29627/335895179_zpid/?utm_campaign=iosappmessage&utm_medium=referral&utm_source=txtshare
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Kyle Sizemore
3
15points to level up
@kyle-sizemore-7016
Agent & investor, >500 closings since 2020. Building wealth through flips, rentals (LTR/MTR/STR), land deals, & commercial RE. Here to share & grow!

Active 52d ago
Joined Nov 8, 2024
ENFP
Upstate South Carolina
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