A short monologue advising property hunters to use multiple information sources when researching real estate and to have local, on-the-ground presence when dealing with properties—especially when wholesaling in markets where the investor does not live. The speaker warns that single-source data (e.g., old listing photos) can be misleading and recommends cross-checking and boots-on-the-ground verification.
The one thing that I have put in place over the years is not just going to one place. When I do my research on a property, I don't just go to one location and online and do everything there. And then that's it. I don't look anywhere else. I look at multiple sources, different websites to make sure that everything lines up. Once one thing doesn't line up, that's a red flag. You need to figure it out because everything should line up. Everything should be very symbiotic. Making sure you have boots on the ground. Make sure, for example, wholesaling and in a market that you do not live. I know people that live on one side of the country and wholesale properties on the other side of the country. Right, that's great. You can do it and have a blast doing it. Make sure you have boots on the ground though, because again, being at the property, those pictures that are on Zillow or whatever might be 7 years old or 10 years old or 20 years old. So you need to have boots on the ground.
Physicians and High Earners — What Real Estate Can and Can't Do for Your Taxes
