All Forum Posts by: Mohammed Rahman

Hey @Sol Baum - real estate broker here. 

If it's not in writing then technically its up for grabs, you can fight the broker's split request. House split is probably already spelt out in your commission/agent agreement so there's less confusion around that. 

If I'm in your shoes, I would probably ask myself what the procuring clause of the client/agreement was? Is this a client that came to you via your own network, or was this someone the broker put you in touch with a while ago? 

In a lot of cases, you will probably have to bite the bullet here unless you decide to be ok with the broker taking it in the wrong way. It's one of the reasons I left and started my own brokerage, but that may not be what you want to do either. 

Happy to chat further on a call if needed, shoot me a DM or text whatever works. 

Hi @Sean Leahy - good direction, I've never considered this but now that I think about, whenever I've had some random rental/sale listings I've been approached by brokers who said they represent folks that are part of the insurance company's claim management process (e.g. their house burnt down due to an accident). 

It could be worth reaching out to some local brokers to ask them, as they may be able to better guide you. 

Hey @Thomas Sheehan - you can't outsource investment decisions to other folks, you have to first figure out what a "good" investment is for you. 

For example, in this case it could be that this is a great investment for you because the rental return you'd make from putting in this much cash into a purchase works (for you!)

For others, it may not work as much. 

Hey @Adama Jammeh - great for putting yourself out there! 

I'm actually looking to have someone come on the team and help part-time. Shoot me a DM if you're still interested thanks. 

Welcome aboard @Myriam Philion-Roberge!

Hey @Isadore Nelson - I'd bet my life savings on the fact that there's multiple reasons why other investors haven't scooped this up yet. 

Keep in mind, most offmarket/distressed deals are traded offmarket before they even hit the auction block. If it's made publicly available, understand that most investors have already passed on it. 

Does it mean its a bad deal? Not at all. A bad deal to one, is a good deal to someone else. 

I'm pretty active in Brooklyn and have closed multiple multifamily buildings, with the most recent happening a few days ago 11/26 @ $1.55M. 

Shoot me a text or DM and I can give my $0.02 on it after reviewing the deal - thanks and good luck to you! 

I did NYREI - you can't go wrong with it. @KJay Bratcher

Most of the online education and in-class education about the material is mindnumbing and you won't be using 95% of it in your day to day LOL! 

Get a cheap course, join a good brokerage that has enough full time agents that will help you by taking you under their wing - that is going to teach you more than the course you buy and take. 

Hey @KJay Bratcher - good luck on your real estate journey! 

There's a bunch of online courses available, look for the ones that offer the self-paced $100-$150 courses. 

A lot of them charge much higher and include extra "material" but if my experience tells m anything, you won't need that. 

Take the basic course requirements, complete the modules, and when its time to register for the state exam you can order a real estate exam question workbook from Amazon and use that to practice. 

Hey @Joe Allen - have you handled projects yourself before? Aka as an operator not a GC?

Anyways shoot me a text and I'll put you in touch with a couple guys i've worked with thanks. 

Hey@David Ounanian,

Great list! It will be helpful for others to know this.