All Forum Posts by: Brad Bellstedt

In my opinion, that sounds like a good plan so long as you actually use that money for paying off higher interest debt, can secure two low interest loans for the next purchases (if you're going to need to finance) and save/invest your new found disposable income. If you're strict on those 3 pieces, it's not a bad idea. Otherwise, I hate to encourage someone to sell a paid off, income generating property. The grass on the other side needs to be REALLY green to leave the grass you're on already. 

Thank you Stephan! Do you happen to be a real estate agent as well? This app would mostly serve higher producing agents and team leaders. 

Hello!

I am working on a real estate based app and would like some feedback from current or past team leaders. I currently live in Las Vegas which will be the site of our test market. If anyone on here lives in/near Las Vegas and wouldn't mind sitting down for a 30 minute conversation to provide some third party feedback, I would greatly appreciate the use of your time.

Thank you, 

Will do!

@Jordan Autrey Yes, I am a Vegas local and I would be happy to get together some time to speak with you in greater detail. I'm usually at an open house from Friday-Monday so if you'd like to stop by one of those. Otherwise, I'm free typically on Wednesdays. 

Are you planning on staying in the property as your primary residents for at least a year? Or planning to build 20% equity quickly? I ask because FHA, although a great loan program has a minimum timeframe that the buyer must stay in the property or be able to convert to conventional. Plus, there's the mortgage insurance to consider. Getting the property is definitely the most important piece here but if you have the option to, you may want to consider going conventional with a bigger down payment to get a lower rate and to help you get closer to that magic 20% equity so you can drop the mortgage insurance. I'm not a lender though so you should double check all of that with someone who knows loan programs and requirements more intimately than I do.

@David, that's a hell of a deal at Costco! I don't care how cheap you are, that must have been tough to pass up! 

Picked up a 7% listing a few weeks ago. I have to laugh at the guy who claims Zillow does all the work now. Locating the property is about 5% of the total transaction. 

Realtor! (insert hand raise emoji here)

Hello!

I am looking at different models for paying an inside sale agent (appointment setter) and so far I am considering:

$14/hour

$100 bonus for 5 or more appointments set in 1 week

$20 per appointment after 5 in 1 week

$100 bonus for every listing transaction that closes

On average, this person should make about $16.85/hour or $2,360/month if they hit the bonuses at the rate I am forecasting. (2 $100 appointment bonuses + 2 listings sold bonuses each month)

I am curious if anyone is having success with a model similar to this. If not, why might the model I have here fail? I want to attract and retain a quality person and I am willing to pay a fair amount for that service but of course, I don't want to over pay and lose money if I can avoid it. What do you think?