All Forum Posts by: Brad Jacobson

When I help a client buy something without an established "BAC" or buyer's agent commission, I try to be upfront with them and let them know I have a $5k or whatever fee for connecting them and then have it written into the offer.  

If you put the dominos in place for a $5-10m acquisition, I doubt the seller would have any gripe with throwing $10k your way.

Good luck!

I agree with Eliott - check references.

Find other flippers and investors in your area and see who they're using. If the HML you're looking at is a common name in the community, go for it.

Good luck!

All the above comments are correct.  Savvy agents and attorney owned title companies are all the right places you should be looking.  I would defiantly recommending finding someone who does the subject to deals often because there are a lot of ways to do it wrong.

Good luck!

I got my start by attending all of the local real estate meetups and volunteering my time.  Soon, I was checking people in at the door, years later, I was the president of the meetup.  

Go to all the meetups, meet the big wholesalers in your area, volunteer your time to help them, do everything they say, and then, when you find your first deal, they'll be willing to mentor you through the transaction.  That will be the best lesson you'll ever get.

Good luck!

Assuming an FHA loan is actually easier than I thought. All it takes is the right agent, title, and lender. As long as you qualify for the original note plus a second, you should have no problems. However, note that your second mortgage will have current interest rates.

Find a savvy, high producing agent in your area and he or she will get your assumption team taken care of.  The trick will be to find the right seller.

Good luck! 

Hard money is typically smart money. Technicalities like an LLC won't matter.

Hard money only cares about the quality of the deal and your ability as a buyer to perform.

Good luck!

The data point that has me most interested is inventory on market.

In 2007, there were over 4,000,000 residential homes available before the bubble burst.  Today, there is less than 1,000,000 despite the high rates.  That tells me the residential market is pretty secure.

Commercial properties are the opposite.  There are tons of vacancies and much lower demand.  I wish I had better numbers on this because my only data is only anecdotal but everyone in commercial I speak to currently worries about banks holding too many bad commercial loans that will all have their rate adjust in the next two to three years.  

Prior to becoming an agent, I used agents in my SOI who used social media well.  Having regular and consistent advice, closings, and updates on Facebook built credibility.

I'm in the crowd that says go for it as well.  I would just add an addendum to the lease (the lease should prohibit alterations to the property) and include the info in the addendum for how the cost of the 220 is split, who owns it at lease termination and who is allowed to install it (master electrician).  

The tenants who want to do serious improvements to the properties are the BEST!  I always go out of my way to make sure they're happy and will stay in and take care of my property for as long as possible.

Good luck

One of the advantages to having a buyer's list is your ability to withhold the suggested offer amount from the public's eye. There are plenty of stories of unhappy sellers seeing the suggested offer amount. 

Another advantage to a traditional wholesaler's buyer list is having pre-qualified buyers.  Zillow only attracts retail consumers who require traditional financing.  Wholesaling typically requires quick cash closings with hard money and experienced investors.

Good luck!