All Forum Posts by: Dennis Boboc

Hi @Ben Pohle

Welcome to the REI world! Once you move back here, if you need anything please feel free to connect with me. I help many investors get started out here in Phoenix. Thank you!

Hello,

I just tied up a 3 unit property in Phoenix. It's vacant right now. The purchase price is $205k. I am going to put about $15k in repairs into it and the property should ARV at $260k+ when I'm done and have it stabilized. I am closing on the property on the 17th of May.

Please send me terms if you can help. Thank you.

Hi @Roman Gwin

Let's connect, I have someone for you.

Thank you @Jessica Sulliman @ You're too kind!

Hello @Sandy Se

Welcome to the REI World! I'd be happy to connect with you to see how I can help you. I've helped many investors learn the business and grow their business. Let's connect and go from there!

Hello @Kol Houston

Welcome to the REI world! Let's connect! I help many investors get started in this business. Maybe we can do that flip together if there is potential. Send me a colleague request if you are interested in talking. Thank you.

Hello @Timur Galimzyanov

I help many new investors in the Phoenix area get started. If you'd like to learn more on how I can help you, let's connect! Thank you and welcome to the REI world!

Hi @Bob E. Great Questions. Here are my thoughts:

- Do you use an agent to buy property?

Sometimes yes, but I mainly source my own deals since I have my own acquisition team.

- Do you sue the same agent to buy and sell?

When an agent brings me a deal, I usually let them resell it. BUT ONLY if they are experienced in the area or if the resale price is under $500k. Anything over $500k, I find the best listing agent in that area. I have that discussion upfront with the agent who brought me the deal and I offer them the chance to re-list one of my other properties in exchange for bringing me the other deal.

- What services do you expect from a listing agent?

I expect them to help/assist with design and fixture selection.

- What are you currently paying your listing agent and buyers agent when you sell?

I never give them less than what the market asks. 6% total. Listing agents do not have it easy. If they are good at their job, they will sell your home. You never want to get cheap with the people who are helping to sell your finished product. Too risky and I've learned my lesson the hard way years ago.

- What would you consider a good value for a Listing Agents Fee? What would you offer to the buyers agent?

Like I mentioned earlier, I offer no more and no less than 6% for listing agents. 3% for the listing agent and 3% for the selling agent.

Hope this helps!

Hi @Account Closed

Buyers are not the problem, finding the "right" or "real" buyers is the hard part. I have a saying, "Buyers are Liars!" I work with about 80+ cash buyers nationally at any given time. I've vetted about 300+ over the years to get to my list of good buyers. The best way I find buyers is to research buyers who have already purchased in the areas I am targeting. Those are the most "real" buyers I come across. I then interview each new buyer that comes my way using an extensive questionnaire and take about 30-45 minutes going over those questions with them. Then I vet the vendors and GC's they work with. Finally, I research the deals they have already purchased and review them to see if they are honest. Hope this helps!

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Hi @Jared Vidales

I have a large network of on-off to seasoned buyers I work with. They are mainly in AZ, IL and CA.  Let's talk!