All Forum Posts by: Arsen Atanasovski

@Josue Vargas I don’t post this many times on one subject but wanted to comment on your “commission is negotiable” really? I’m trying to negotiate with your boy @Dustin Allen for a property but he told me if I’m buying 15 of them, then we can do business. Not trying to throw anyone under the bus and I respect both of you for doing what your doing and you guys probably do a great job. To make this short and sweet investor “mind-like” agents are rare, in the residential sector, commercial is a different ballgame but for a regular local agent it’s rare to find one. To buy a $30k house in Detroit and it says on the agent comments the commission is $395, I’ll record the agent over the phone it’s like my son trying to feed him his vegetables. We are all here for the money trust me I’m not that handsome! What’s black is black what’s white is white. Again only telling my real life experience. 

What I just said you said it yourself, if I were to buy 15 homes then you’ll do business with me, why not just one property? 15 properties is a nice commission I suppose lol. Besides the point you are right I went off subject on this post, but reason for was to explain the whole story of realtors and what they are for. It’s a personality business and depending on the person depends on the business. I have a new agent hunger for anything so I give him all my leads on my rental listings and split commission with him he is willing to go out of his way and do my showings so again not all realtors are bad. Im an agent I can go out and advertise that I sell million dollar homes and make a really good living but that’s not me I’m an investor and the ways we do business is off market deals and what not which really makes agents upset on why there is wholesalers and off market dealings well if you think about it, it’s because most realtors don’t understand that part of the RE world. In the end @Corbett Brasington has a off market deal if it’s in the agreement stages there is no need for an agent. Here is an example there is a mls listing went expired no one bought it I reached out to the owner and at the moment they want to sell at the price I gave them that’s a off market deal so should I call the realtor that couldn’t find a seller and have him NOW help me out on the deal where they couldn’t before? I’ve had this happen to me many times, the agent would reply in minutes saying the seller rejected the offer that’s weird is the client sitting at the agents desk and telling them at the spot??? No the agent got it weeks or months ago that the seller will not go under this certain number so the agent just rejects automatically I might be wrong but funny thing is I end up buying the property at my number once listing becomes expired. Again going off subject but this is my day to day issues that arise with “realtors”. I must have bad luck:(

You’ll need to search them but they are out there not sure your area but San Antonio I believe is a lot bigger then my area 

@Basit Siddiqi exact reason I became a realtor because 90% of realtors didn’t want to waste their time on me with my low price houses I was shopping for, my low ball offers I present, this is why I became a realtor to do my offers because for some reason when I call a realtor and tell them what I want to offer they right away say send me an offer, wasting my time! So I send them a stupid offer which then makes the realtor get off his chair and send it to their client big waste of time, but that’s the system, I do 10-15 offers a day I run 20-40 Comps a day so @Dustin Allen are you willing to do that for me? For a $50k/$70k house???? I don’t think so. I’ve been in RE all my life basically and 90% not all but 90% are in it for the fat commissions. Half of the realtors when I call them and ask if their client would accept a land contract they do not even know what a land contract is, they ask me if I’m pre-approved! Really? I then blow their mind when I say yes if your client approves a land contract then I’m pre-approved, the point I’m trying to get across is investors are a small group of ppl buying RE compared to the end users buying at regular circumstances, mortgage, escrow, inspection, etc….. so for me to be efficient and do my business fast, easy, relaxing I became a realtor myself, it’s still Hard cause I have 2 or 3 realtors a week that only sell million dollar houses and ended up helping a friend sell a low priced rental area home and fumble at ever process or question I throw at them. 

Hey that’s the special cookie recipe you need to make, and then your golden, I have similar issues, prices now are like a slot machine or like an auction, they are all complaining about supply and demand, I wonder if my contractors hire Chinese people and these people are stuck on a boat in Cali because all of the truck drivers are on strike????? All BS so now I treat it like an auction I have 10-15 companies quote the dam job then I show the others my lowest numbers and they can fight for it I got the money on the table for rehab work but I don’t have time to listen to news that has nothing to do with my business. I guess I’m just getting annoyed at the whole situation…..

I’m a realtor, you don’t need one for a off market deal, main point if you agree to the numbers take all your paperwork to your local title company and they will do the rest, if you want to pay someone 3% like me go right ahead in the end, title calls your agent on any missing docs so basically nothing I might get a lot of negativity on this post but your buying as an investor and realtors really most of them don’t even know what an investor is, they are a realtor for the end user and make fat commissions on primary properties. 

Investment properties / loans do not look at employment they usually look at experience and your skin in the game. If you end up with a lender seeking income from W2 income then that would be a primary red loan. If you purchasing an investment property with the intention to profit monthly afterwards then there is no income review. I might be wrong because this is your first property but I know I have lenders that do not look at that at all.

You do cold calling in Michigan?

Again no influence from the contract correct? If there is no influence in the contract, contract not needed, but I’m wrong I guess and appraisers work on their own. Got it. I know the laws and what is needed from an appraiser and I appraiser my properties with bank selected and private and I can show numbers are quiet different and I appeal it all the time. The point I’m getting across is do the appraiser and tell me the number, the contract is a contract. If I know there is $5 million dollars worth of gold bars buried in a house I would like to buy then I’m going to buy the house for 3,4,5x the price so I give the contract to the appraiser……for what? When you have a $70k price difference and then the guy comes back at $136k you think that’s a legit number? So I would to prove my point blow another $500 on a appraiser and redo the contract at let’s say $140k I can bet you money the numbers will come in at $145k but we are all agreeing to the contract has no influence. I am now unfollowing this post. Sorry I’m very misunderstood. 

Again never give numbers nor contracts, it’s illegal to influence an appraiser, by offering the contract or numbers you did just that, why do lenders hire an outside 3rd party company to perform the appraisal? If that doesn’t answer your question then I must be blind, also how can the number be just $6k above the accepted offer???? Really weird isn’t it? I pay a fee for the appraiser to do their job and tell me what the state of the property is and how much I should pay for it. It’s the same with insurance agents they always ask me for my current insurance statement and coverage, why is that? To beat the price between 5-10% and you got suckered in as a new customer, but when I snippy the coverage and delete the company name and numbers they come back right away and ask for who is your provider? And how much is your premium? No no no I want to know what your premium is that’s why I’m shopping.