Check out some of the highlights from our March Real Estate Retreat!
Our Real Estate retreats features great investors from all over the country speaking on a range of real estate topics. The event is a very intimate event and limited to 15 people. Great event to attend if your looking to take your real estate business to the next level!
For more information on the event, please email me at realestatemarlon@gmail.com with “Mastermind” in the subject line.
This was a productive week! Was able to make a little over $40,000 in 2 transactions. Was also able to purchase 2 properties that I will turn into rentals! Looking forward to doing more marketing and taking the company to the next level!
Real Estate Marlon- Hey All! Been a little busy running the business and working on some upcoming seminars, but the month has been very productive to say the least. Bought 2 more rentals, sold 6 properties, and scheduled to close 3 more by the end of the month! Hope everyone is staying motivated and putting in the work to be great! Talk to you all soon!
In this podcast, Marlon Wilson interviews with Chris Bruce (Host of Escape The Newbie Zone) about running a million dollar real estate business! Check it out here!
Check out the before and after on this flip project! This kitchen cost only $3,000 to renovate but check out the difference that was made! – Real Estate Marlon
Real Estate Marlon- Wholesale deals are a quick way to make some easy cash. While wholesale is not the main strategy of a sound investor, it is a great way to build capital to allow a new investor to take things to the next level in real estate. The best thing about wholesale real estate is that it takes no cash or credit to get started!
The best part of the business is selling your finished product to a Happy New Homebuyer! Another deal done and many more to come! Interested in learning Real Estate. Send me an email today!
Just picked up this property which will be a wholesale deal. Was able to negotiate great numbers, but property has a mortgage that won’t allow me to get the price as low as I would like. Should still be able to net $5,000 on this one!
I am Marlon Wilson, known as Real Estate Marlon. I invest in Houston, Tx and all of the surrounding counties. I also offer real estate coaching/mentoring throughout the country. I specialize in Wholesale Real Estate, Rehabbing and Rentals.The Houston Real Estate market is booming, which is why I enjoy flipping Houston! Feel free to follow me at : https://www.facebook.com/RealMarlonWilson
Christmas seems to be everyday in this business! This check is from a ‘”Wholetail” deal, not a “Wholesale”. Wholetail has been one of my most lucrative strategies this year! – Real Estate Marlon
I don’t wholesale as much as I used to, but last week I had to toss a few deals that I didn’t want to rehab. Beginners, this is a great way to build capital to get into other areas of Real Estate!
Latest trip to Montreal, Ca such a beautiful city!
Marlon Wilson- Check me out walking through a duplex with a motivated seller in Houston, Tx. Seller received my letter and is looking to sell her property before it goes into foreclosure. Property needs some work but is still a good catch. Looking for a mentor/real estate coach to show you the entire process be sure to contact me! Follow me on Facebook – www.facebook.com/realmarlonwilson
Houston needs more multifamily, and office is seeing its most prosperous cycle in more than 30 years, real estate experts at CBRE Group Inc.’s (NYSE: CBG) Houston office said at a quarterly press luncheon Tuesday.
Simmi Jaggi, first vice president with CBRE’s land group, noted the latest trend among master-planned communities in the area is the land tracts surrounding them are going to greatly benefit.
“If you are an owner in a hot spot with premium property, you’re getting premium pricing,” she said. “Land across all industries is hot, and retail has just caught up.”
Alex Makris, senior associate of the retail group, expanded on the sector’s pent-up demand with grocery being a big player in “power center development.”
Some strong retail nodes in Houston, like Willowbrook and the Westheimer corridor between the Beltway 8 and Eldridge, are likely to see some revitalization.
On the property assessment front, Steve Duplantis, senior managing director of the South Central region of CBRE Valuation & Advisory Services Group, said that many properties in Houston have been under-assessed, and some tax increases within the last quarter are reasonable.
Sanford Criner, executive vice president, mentioned this is an interesting time in the downtown office market because there is very little difference between rates being charged on existing Class A buildings and rates at brand-new buildings.
“I see a relatively healthy office market,” he said. “I’m not seeing development at a pace that we can’t absorb.”
Shaina Zucker covers commercial and residential real estate, construction, retail and hospitality for the Houston Business Journal. For her breaking stories and industry insights, follow her on Twitter.
Buy a run-down house on the cheap, renovate it, and sell it within six months for a tidy profit. Home flipping is becoming popular again.
However, it is difficult to find statistics concerning this trend. The problem is that many people buy a house, fix it up, and then sell it by themselves. Thus, it often is not included in statistics published by real estate associations.
The most recent information is from RealtyTrac, which covered January to July in the Midyear 2013 Home Flipping Report. RealtyTrac states that 136,184 single family homes were flipped during the first half of this year. This is a small fraction of the estimated annualized rate of 5.6 million homes sold in the United States based on August data.
While the absolute numbers are low, the growth rate is high. Flipping increased by 19 percent since midyear 2012 and 74 percent since the same period in 2011. However, markets such as Las Vegas, Phoenix, Southern California, and Atlanta reported a slowdown in flipping, while New York, Washington, D.C., and Chicago reported an increase.
By far the most houses were flipped in California and Florida, 18,407 and 17,707 respectively, during the first half of this year. All other states were far below the 10,000 number.
“With the housing market revving up over the past year, we’ve experienced a large influx of house flippers getting back in the game. They’ve been hibernating for quite some time and are ready to come out and play,” according to an article on the Fix&Flip website.
Celebrities Attracted to House Flipping Some Hollywood actors take on house flipping as a hobby. Often, they renovate the house while still living in it.
“Actors Jeremy Renner and Kristoffer Winters, who both appeared in the film ‘The Hurt Locker,’ have done about two dozen house flips in the Los Angeles area,” and got into house flipping during idle times, according to the Realtor Mag website.
Brad Blumenthal, who featured in the classic Quentin Tarantino film “Pulp Fiction,” renovated an estate and listed it for $28.8 million in July. He told Realtor Mag that he has not lost any money on house flipping and would only take on a project if it is a “no-brainer.”
Real estate agents told Realtor Mag that Diane Keaton, Corbin Bernsen, Amanda Pays, Jane Seymour, and other actors have done quite well in the house flipping market, although many of them hire someone to do the renovation.
However, the process is not as easy as it sounds, and Winters admitted, “It’s a big gamble.”
House Flipping Snags “The masses believe in the dream that’s been promised to them, that they’ll be making a fortune in the next six months. … If it were as easy as they make it seem, 286 million people would be flipping real estate,” said Manuel Iraola, president of Miami-based Homekeys.net, in an article on MSN Real Estate.
According to real estate experts, there are a number of drawbacks, the most important one being financing. Getting a loan for the home renovation is not easy. And unless one has cash to cover all contingencies, including materials, unexpected repairs, and so on, one should not even think about taking on a house flipping project. In addition, there are property tax considerations.
Accordingly, the experts say that someone who has never renovated a house should not even consider taking on such a project.
Status Post
DETROIT (CBS Detroit) When Barack Obama’s administration officials were in town Friday, they announced part of the $300 million in federal funds coming to Detroit would include a blight task force, with an influx of money and energy. Longtime Detroit booster – Quicken Loans’ chairman Dan Gilbert — is on the newly formed blight task force and discussions reveal his plan for Detroit’s face lift aren’t just skin deep. “Getting down all these homes that are blighted and commercial, what we need to do is just stop incrementalizing it,” he told WWJ’s Beth Fisher. “The problem is if you incrementalize this stuff then other people are willing to leave their homes and create more and more blight.” Gilbert wants all the abandoned homes in Detroit to come down fast, even in one fell swoop. Abandoned homes and blighted neighborhoods have bedeviled the city since Detroiters started fleeing for the suburbs in droves more than 40 years ago, with the city losing another 25 percent of its population in the last decade. Deadline Detroit reported Gilbert even talked about erecting a huge billboard somewhere around town with a countdown of buildings as they come down. Detroit has an estimated 78,000 abandoned structures, and teardowns have been a focus of the last several administrations. Ex-mayor Kwame Kilpatrick made tearing down abandoned buildings a focus of his now-defunct administration, but the teardowns happened dozens at a time, not thousands, as Gilbert is advocating. Mayor Dave Bing is in the midst of a four-year plan to tear down 10,000 buildings in the city considered dangerous. Other efforts aimed at reducing Detroit’s abandoned housing problem included a 2012 effort to offer homes that didn’t sell at auction for $500. Even squatters were eligible to buy. Abandoned houses not only bring visual blight and drive down nearby home prices, they also become havens for drugs, prostitution and other crime, police have said. Tearing down houses is expensive, with some estimates at $10,000 each. It also takes widespread organization to deal with surveys, permit processes, taxes, and more.
