Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Classifieds
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 15 years ago on .

User Stats

219
Posts
83
Votes
Brian Wall
  • Wholesaler
  • Santa Fe Springs, CA
83
Votes |
219
Posts

Looking for sharp RE Agent in Miami area

Brian Wall
  • Wholesaler
  • Santa Fe Springs, CA
Posted

I am a real estate investor/agent in Los Angeles, and a good friend of mine is starting to do some marketing for me, and he lives in miami, fl. Eventually, if his method of marketing works in Miami, we will continue to do it there, and implement in Los Angeles, CA.

Basically, he is targeting homeowners in foreclosure. The goal is to do a short sale flip.

I have everything in place, except a local agent.

I need someone that has an active license, and can list the property on the MLS. It could be an agent or broker.

Basically, my friend will get an interested homeowner, with some qualification, then pass on the lead to me. I will speak with them, over the phone to explain how I do short sales (using a land trust, and resell quickly for a profit, YES, I tell the homeowner I plan to resell quickly for a profit, I believe in full disclosure).

Once I get an qualified/motivated homeowner, I will need a local, licensed agent to come in and get a listing agreement, submit my offer, and get all documentation I need to negotiate the short sale. then have land trust documentation signed, notarized, and recorded. (I reimburse you for notary and recording fees).

You will earn 4% listing fee, based on sales price negotiated with the bank.

Then, once short sale has been negotiated, and BPO ordered by lender, I will supply you with the comps, and you meet with BPO agent, and give him the list of comps, asking him to use those. Most BPO agents will be happy that their research has been done for them.

Then, once approval letter is issued, you will relist the property at about 10% below market value, for a $1000 flat listing fee.

The buyers agent will be paid 2.5% of end buyers purchase price.

Well, there it is. Let me know if you are interested.

I am willing to train agents with an open mind, and willingness to learn, no knowledge of short sales, or land trusts is necessary, I will provide training, but if you do know short sales, and/or land trusts, that is even better.

Sorry, but if you know a "better way" to do short sale flips, I really don't have time to learn it. I am sticking with my method, I have it down, I understand it, and am not about to switch. I do realize that there are many ways to work short sale flips, I have found a way that works for me.

I have never worked a partnership like this, out of my area, so any suggestions/comments from those more experienced than I are welcome, and would be appreciated.

As far as how many I have done, I not done any in Florida, as I said, I am just getting into that market.

Thanks,
Brian