All Forum Posts by: Brian Egr

My biggest hurdle is I'm not interested in buying a small complex, and I don't have enough capital for a large one yet. 

@Steve K. OK if you say so.  

Sounds like the solar panel lobbyist got a hold of some law makers ear in California. This green energy doesn't seem to be making much sense financially when you put the numbers to it. 

We have windmill farms everywhere in Nebraska and the power companies say they consume more electricity then they produce. If it wasn't for subsidies they would be a complete financial disaster.

Local Lincoln meet up at the north Bagels and Joe location. Bagels and coffee and informal real estate get together.

@Cal C. I'm a little confused, doesn't the seller pay the 6% in this scenario? Why were you upset about that? 

Did you set the offer price the seller accepted? If you did, and the seller accepted it while paying the 6% commission, it sounds like you just lost a deal because you were being stubborn. I don't like it when people I don't know make assumptions about me, and I obviously don't know you so I'm not trying to make assumptions on what you were thinking, but in the end you lost a deal because you wouldn't agree to someone else paying 3% more commission than you thought was fair (I read where you said you thought 3% was a fair commission). 

@William Kilburn Don't give up! There's a story in a book I read a while ago about a guy who bought a bunch of gold mining equipment and dug half way through a mountain, didn't find any gold and gave up and sold all the mining equipment. The guy he sold the equipment to dug 3 more feet into the mountain and found one of the biggest gold veins ever found.  - or something like that.

Anyway, the point of the story is don't give up on all that hard work because you could be just about to the point where the pay off is coming.  

Also, if you don't have any money and bad credit the best thing to do would be find a good deal and bring it to someone who can fund it.  Instead of a wholesale fee tell them you want an equity share of the deal.  

@Yuriy Shepelin I’m not sure what you mean by over ride, there is a revenue share if that’s what you asking. Not all brokerages have a revenue share, but it’s not uncommon either. If you are thinking they deduct money from you to give it to the agent who you signed up under, no, that’s not how it works.

eXp does have a training program for new agents, you are paired up with an experienced agent to help walk you through your first 5 transactions.

@Yuriy Shepelin I am a REALTOR with eXp, I would definitely recommend them.  eXp is national, I'm sure they are operating in the the PA and NJ areas.  You will find when it comes to cap and split, most brokerages are comparable to each other.  eXp offer the advantage of being a publicly traded company and offers discounted stock options to it's agents. There is also a revenue share and an ICON program where you can earn all of your commission split back in the form of company stock.  Shoot me a DM and I'd be happy to explain it more. 

I am an agent and an investor, actually you could probably say I'm an investor first. To answer your question, even though investing in real estate is appealing to some, it's not appealing to everyone. Even agents who work in the industry helping other people buy and sell just don't always get the urge to buy for themselves. It's a mixture of risk tolerance and human nature. 

What market are you in? There are plenty in Nebraska that work with wholesalers. (just one small thing, it's title, not titling)