All Forum Posts by: Adam Macias

As an investor, why would I want to work with an agent that's closed zero to one property over the past year?  That tells me that the agent in question:

1.  Is not an investor themselves, as they didn't close any deals for themselves

2.  Probably has limited insight or experience with investment properties

3.  Probably has another source of income resulting in them not closing houses and not being immersed in real estate on a day to day basis

That would be what BP advertises though  in bold. We have the captain of the sinking ship syndication from BP with that calculator for everyone to use and then come ask on here why they cannot find cash flow or 1%.

BP is home of the worst investor friendly agents. The few that are excellent on here probably are on that opposite side-- do 80% of the deals  yet I'd argue it's like 5% of them. Otherwise the one's not on here, they mainly work with families trying to buy a new primary, or possibly a second home or third. Maybe an investor, but likely an investor group.

I'd be interested to see how many REI bought properties in 2023. Then how many bought 3 or more, and scale up. I'm thinking it's higher than 75% that did not buy, a lot higher.

Agent 'glut' means part-timers are now the majority, leading to 'widespread incompetence and pressure to maintain high commission rates,' according to the Consumer Federation of America

inman only 50 percent of agents sold only 1 house - Search (bing.com)

I hit Executive Club status last year so far 8 years in a row!   It is challenging out there especially to new agents with no base or previous sales.  

Veteran agents like myself know how to adjust to shifting markets!

Why are they renting? Were they not agents during the 2nd best time to buy property in our lifetimes? Didn’t I hear somewhere there are more agents than homes sold? I think the “average” realtor sells 1 home or less per year.

Ps. They should try house hacking with other realtors. 

Pps. Who answers these surveys?

How many STR are you buying right now?

Live in the DC area, but looking into the Richmond area, have family there and if considering out of state investing perfect place. 

Are there still some areas for BRRR for buy n hold and cashflow?

Any networking meetups? Would love to meet some fellow investors.

List price: the price the property is advertised for. 

Purchase price: the price you actually pay for it. You may end up paying more or less than the list price for the house, depending on negotiations.

A home is advertised (list price) for $300,000. You make an offer of $290,000 and the Seller counters back with $295,000. You agree to that price. During the inspection you notice the roof is leaking in the detached garage, so you ask the Seller to reduce the price $2,500 to help with replacement and he agrees. Now your purchase price is $292,500.

Once the purchase price is determined, the bank will tell how much you need to pay up front as a downpayment. If your loan requires 5% of the purchase price then you'll put down $14,625 and you will get a loan from the bank for the remaining $277,875.

Purchase price: $292,500

Downpayment: $14,625

Mortgage: $277,875

Hello everyone,

I feel like I've been stuck in the whole analysis portion of realestate, from reading books, watching pod cast and now joining the bigger pockets forums. with that being said how did you all get out of the "analysis paralysis" portion of investing. what made it easier for you? I've heard that the first property was the hardest and it gets easier from there, but what ultimately pushed you to finally make that first purchase