All Forum Posts by: Bevla Reeves

@Yvonne Williams

Determining your MAO will depend on your ARV and your repair budget (+ debt service + holding costs + sales costs).

Good luck Yvonne! ;)

@Todd Tripp

I switched from the traditional commission-based model to a flat fee model.

It made perfect sense for me because I never considered myself a traditional agent.  

I'm a RE investor first.  

So I didn't fit in at any of the brokerages I tried to work for. 

They didn't know what to do with me because I'm also not a "sales" person. 

I'm a promoter by nature and make my sales by promoting products I believe in and letting the products basically sell themselves.

I'm not aggressive, pushy or manipulative so "sales" have never been my thing.

I was also used to being creative with how I served people (I don't fit well in a box) and there really is NO room for creativity with a license, because the licensed world is heavily regulated and monitored.  

You MUST follow the rules.

Plus, you technically work for a broker, so you're not really fully independent.

Luckily, I finally found a broker who allowed me to take the shackles off and gave me the freedom to create my own model and brand.

Before I got my license, I couldn't understand why I had to give up so much of my hard-earned equity to real estate agents when selling my properties!

After all, I was the one who took on the risk to make the equity and I always did most of the work to prepare the properties for sale, even to the point of hosting my own open houses.

The agents didn't deserve 6%-7% of the purchase price. Period.

So, now that i'm an agent, I charge a flat fee for full service and I love it!  And so do my clients! ;)

I love knowing that I help people maximize their hard-earned equity that took, in some cases, years to build.

It's their equity, they deserve it.

The truth is, what I do as an agent is not that hard.  I shouldn't get paid $15,000-$30,000 a listing for what I do.

And no agent is worth that, in my opinion.  It's not rocket science.

When I made the switch it helped me stand out from the crowd.

Marketing became super easy.

And once people understand my model, it's a no-brainer for them to hire me!

My service sells itself.

 And I love the type of clients I attract now!  Mostly fellow investors who are my target market.

I actually love being an agent now, because seeing how much I can save my clients is where the joy is. ;)

@Kian Tajadod

As long as you believe your offer is fair your conscience is clear, and that's all that matters!

I'd love to watch you grow and prosper, please continue to share! ;)

@Chinmay J.

What does TK stand for? ;)

 WOW!!!!!!

I really don't understand why cities are restricting this business model, it's so unfair!

Luckily, AZ is still pretty friendly in this area, but I suppose that could change at any time.

Although, AZ is pretty pro-business so I don't see it changing anytime soon.

Bring your investment dollars here to Phoenix, we'd love to have you, Steven! ;))

@Thomas Nordberg

My local MLS (FlexMLS), Homesnap, ShowingTime, iSupra (keybox), Monsoon (Tax Assessor) and ActiveFarm! ;)

Good luck!!

@Kian Tajadod

Because I believe in the Golden Rule, I only submit what I believe to be fair offers, and of course, that's subjective.

You know in your heart if you're treating someone fairly.

If I find that the property is priced at fair market value and I still can't get my numbers to work, I don't pursue that property because it's not a good deal. ;)

If the property is truly overpriced, then I have no problem submitting a fair market offer.

Good luck Kian, you'll do the right thing, don't worry!

 Amen brother!!

@Account Closed

I like your chosen strategy, I think it's a solid one!

...as a deal maker, I believe both parties should pay their own closing costs.  

I don't believe it's fair for sellers to have to pay buyers' closing costs and why that's even expected!

Plus, it can be a trap for sellers if an appraisal is required and that appraisal comes in low. If the sellers still want to sell they feel compelled to lower the asking price and then they're still stuck paying the buyer's closing costs!  NOPE!  Not for my clients! ;))

I believe in negotiating a fair market price for the property, period.  Then both sides feel treated fairly.

Your license will be a HUGE advantage when you start buying properties with it because you can collect commissions on your own purchases!  

That means you collect the 3% buyer/broker commission!!! Whoo-hoo!!! ;)) And you can use that $15k (or whatever the amount is) towards your downpayment!

And as a seller, you'll save by NOT having to pay out 3% commission to a listing agent!  You can use that $15k towards your next acquisition! ;)

Plus access to the MLS for evaluating deals (and finding deals) is still invaluable, in spite of all of the online websites claiming to have accurate market information.

Hustle to make enough money to reactivate your license and use it to make and save you money! ;)

You worked hard to obtain it...it will pay off!

Good luck Charleszett, I'm rooting for you!!!

@Steven Denio

How is the STR business out there?

Perhaps that in-between route is the way to go?

Do a high-design renovation on a fixer-upper and put it up on AirBnb until you make enough cash to repeat.

I know of some investors here in Arizona making up to $700/week per house.

If AirBnb doesn't work out you can flip the house.

Also, I found the book, Building Wealth One House at a Time, by John W. Schaub very inspiring.

Good luck Steven! ;)