Live Q&A - How to Dispo a Property, Defining a Wholetail, and Long Term vs. Short Term Rentals

Just Start Real Estate with Mike Simmons

Highlights From The Show:

Welcome to this version of the Just Start Real Estate Podcast! I am excited to bring you another replay of my Live Question and Answer sessions. For those people that are unable to join us live, this will provide an opportunity to hear the awesome questions I am fielding about business, taking risks, real estate, and so much more!

This presentation is the live Q&A that I did the week of June 29th and each Thursday we will offer you another chance to take advantage of listening to the answers to our guests’ fabulous and compelling questions! Don’t miss this new episode of the Just Start Real Estate Podcast!

Notable Quotes:

“Learning what works, learning what doesn’t, all on my dime.”

“Wholetail is a hybrid term coming from wholesale and retail.”

“Sometimes in a wholetail situation, you might replace the carpeting and paint, but not refurbish the kitchen.”

“You may spend $5k doing that but you can ask $20k more than you could before.”

“I think a good real estate investor, for the most part, will do whatever they need to do to get the deal.”

“Wholetailing in this market is great.”

“We take a lot of properties and put them on the market right away just to see what will happen.”

“The spirit of a wholetail deal is not to go the extra mile to provide appliances and stage it.”

“If you want steady rent checks all year long, I would suggest a single-family rental.”

“Realize there is a big difference between a long-term and short-term rental.”

“Short-term rentals can be more profitable and produce more revenue, to be sure, but they also require more work.”

“Either the deal isn’t as good as you think it is or your buyers’ list isn’t as strong as it should be.”

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