Dave Callaway

I flip houses and contracts (wholesale real estate) I love section 8 rentals. Let’s talk Real Estate

[Leading Report @LeadingReport]

BREAKING: Former White House physician Rep. Ronny Jackson says Biden is not fit to be commander-in-chief and head of state, and “you don’t have to be a doctor to see it."

[Dave Callaway @Dave__Callaway]

@vannman26 @NeoFAF Instant insurance replacement it’s actually a positive

South Texas is the best place

[Dave Callaway @Dave__Callaway]

@Thefrugalgay11 I don’t believe you

[Dave Callaway @Dave__Callaway]

@RealLifeRentals This is very spot on for what I am seeing in my market. I am seeing as - is sales come very close to rehab sales. I’m being much more particular on my flips.

It’s a very interesting market right now.

First two weeks of January as hot as always though. I love it

[Dave Callaway @Dave__Callaway]

@RealLifeRentals @itsalankline What about when the market shifts again and you simply offer over list? So cost saving = no commission?

[Dave Callaway @Dave__Callaway]

@JTMartingCRE I use it like crazy

[Dave Callaway @Dave__Callaway]

@RealLifeRentals Counter 210k try and get it

[Dave Callaway @Dave__Callaway]

@GuyTalksFinance @1337hero Depends on the price you bought?

How much equity is there from the actual value

You are assuming a lot of things like paying top dollar which I wouldn’t be

[Dave Callaway @Dave__Callaway]

@GuyTalksFinance Yes

[Dave Callaway @Dave__Callaway]

@GuyTalksFinance @GuyTalksFinance

[Dave Callaway @Dave__Callaway]

Shit I will take it. I need some help selling these houses!

Prices are down 15-20%

Inventory still low

Honestly there is an argument to be made.

Sellers are paying closing costs anyways. Make it look prettier from a loan perspective.

Appraisers are being stingy as hell right now and making sellers settle for a lower appraisal

It could be me but I think banks are putting pressure for lower appraisals (conspiracy theory?)

Thus they still get a great loan

My 2 cents

[Dave Callaway @Dave__Callaway]

Shit I will take it. I need some help selling these houses!

Prices are down 15-20%

Inventory still low

Honestly there is an argument to be made.

Sellers are paying closing costs anyways. Make it look prettier from a loan perspective.

Appraisers are being stingy as hell right now and making sellers settle for a lower appraisal

It could be me but I think banks are putting pressure for lower appraisals (conspiracy theory?)

Thus they still get a great loan

My 2 cents

[Dave Callaway @Dave__Callaway]

Interesting subject.

Deals I’m buying I do no option.

Haven’t put an option period on a buy contract in about 4 years

Separates me and I make sure they understand

More and more homeowners are learning about silly wholesalers

Not to say option periods aren’t warranted…but 30 day option periods and low earnest money needs to go

[Jordan Santiago | Real Estate @TheJSantiago]

In any deal (unless absolute grand slam) I usually have in the contract that I can back out of the contract within the inspection period for ANY reason

Doesn’t have to be based on specific findings

Inspection doesn’t have to be from a professional

None of that

[Dave Callaway @Dave__Callaway]

@InvestnWPreston Child care can be a money maker but liability and red tape…pass

[Dave Callaway @Dave__Callaway]

@N8RealEstate Ya I can agree. Depends on the price point. Converted garages are popular.

I won’t buy a house in a Main Street or if it backs up to a Main Street

[Dave Callaway @Dave__Callaway]

@real_estate_rex The good ones for sure, but there’s a ton of trash

[Dave Callaway @Dave__Callaway]

I understand.

That’s a real estate agent acting as a real estate agent though.

As an investor, I still use docusign and iCloud

I think joining a group and getting leads is a great way to start learning.

Having my license allows me to see the MLS and comparable properties without leaning on any other agent.

I list my own houses and save thousands of dollars adding to my bottom line (people argue against this, but I’ve done it for a decade)

You can charge yourself whatever commission. So your split with the broker is minimal or just hang your license at a transaction brokerage to avoid giving away too much money.

If a lead doesn’t want to sell cash (which happens a lot)… you can now turn that lead into money which you wouldn’t have done otherwise.

Thanks for letting us hear about your experience!

[Dave Callaway @Dave__Callaway]

If you want to take Real Estate seriously…

Get your Real Estate license!

Agree or disagree? ⬇️

[Dave Callaway @Dave__Callaway]

@sho_lushinvests Just a popular quote in my opinion.

There’s a bunch of idiot wholesalers ruining the game that need to be told so

Being quiet and not hurting feelings is just the way people are now a days

[Dave Callaway @Dave__Callaway]

Always fun cleaning out houses

Never know what’s in the pile