All Forum Posts by: Brandon Carriere

I know the Denver market has been bonkers (like Vegas) over the last several years..    Why would you want to buy something at or near the peak?   Especially if you don't have money for a legit downpayment, or renovation?  

Odds are, 5-7 years from now, prices may be the similar or less than they are right now.. A majority of the potential appreciation has to be baked into the current prices at least for the short-medium term.. And I'd imagine rents should be close or even cheaper than the cost of a current FHA mortgage? What are average price points there, 350-400k or more? Unless Denver has morphed into Palo Alto overnight, how much higher can those prices be sustained?

I guess the point is, there's no need to rush into something now..  You've likely missed the boat and can probably do better with the Cardone philosophy and investing the money you have and rent your primary home, for now.  

At Berkshire Hathaway, they made us charge $350 and if for whatever reason the client (buyer or seller) refused, we had to cover it ourselves..  I've had pushback maybe a few times over the course of 175+ deals over 8 years..  

Its very common in Southern Nevada..  Some brokerages charge the agent per file, and the agents pass it on to the clients..  Some brokerages don't charge, but we as agents have the option to charge or not..  usually between $300-500 is common..  I've seen as much as $1000 which is ridiculous

Makes sense..  Seems to be plenty of room for even the standard 10% capex, which may not even be necessary..  

Must be a brand new build, as there's only 5% repairs, and no capex

@Kyler Cook

Several reasons why this could be the case..  

-A majority of the agents are idiots or inexperienced or both..  

-A majority of agents just aren't connected to multiple investors

-A majority of investors want top dollar for their properties, so an agent is going to list the property on the MLS to achieve that for a quick top dollar sale..

-The market is so good in most places, that listings last only a few days, if not only a few hours, there's no need to look thru the rolodex to find a guy who's gonna waste my time fishing for "deals"..

-There are very few DEALS out there..  

-a small percentage of agents do a vast majority of the business..  If you don't know that person, odds are the average agent doesnt work with or have access to investors

-I buy properties in another state, and am also always beating my agent to the punch in regards to finding properties..  I understand that though, knowing how both ends work, and it doesnt bother me..  I need him to negotiate, keep things straight, and look out for the things I may not know or understand/think about in that part of the country.. 

@Tina Jenkins

Being a preferred agent referral partner of theirs, I think you'd get at least a $750 closing cost credit if I give them your name

Ive closed 62 deals with them in the past 3 years..  I can send you a name of a good loan officer there whom can assist, if you'd like..

It depends.. Housing market is still relatively strong in most places.. Unless you need the money in a week, you'd be shorting yourself go any other route than a traditional realtor sale on the MLS..

@Matt Popilek

Any standard, NON AirBnb small multifamily that you're getting $200+ per door?  I'm just trying to get apples to apples comparisons..  thanks!