All Forum Posts by: Cory Lucas

@Ralph R. Great stuff and part of what you brought up is part of my concern too is the areas. I’m in the Midwest and live in an area that’s relatively spread out. So out of respect for him that was part of the convo I planned to have too was, “What’s your area of expertise? And are you ok with me talking to a local realtor about City X?” Not quite in those words, but you get my point. Thanks for taking the time to reply and with great feedback

@Kris H. I would think so too, but I’m also getting some pretty contrary opinions on here that make a lot of sense too. Nonetheless I appreciate the time and the feedback and I’m game if you care to elaborate any further as well...

@Jonathan Greene great advice. That’s why I reached out on here before even thinking of having that specific of a convo with him. Key part of the team agreed, I think I’ll keep it that way. Thanks for taking the time to reply and with good advice

@Caleb Heimsoth wow! I appreciate the tough love there, probably just what I needed to hear. No he doesn’t need me and yes I do feel he’s doing a great job. That’s some pretty great advice, much appreciated

@Russell Brazil thanks for the input and reply. Greatly appreciated, I would look to follow up with the agents regularly, but I hear your point loud and clear.

@Joseph Firmin good stuff! Much appreciated sir, thanks for the response

So I’ve been working with a realtor for the past few months that I know from childhood. He’s a great realtor in my opinion, I’ve watched him grow into what he’s built and it’s impressive, I’d say he’s in that 20% category of realtors that make most of the sales.

My question to you all is I want to get my name out there to as many people as possible, including other realtors especially ones I know personally, yet be ethical and not disloyal to him, especially considering how helpful he’s been.

So is there a good way to have that conversation? I’m coming at this angle from the Grant Cardone perspective of having as many people out there know what I’m doing as possible. Also this realtor is pretty well known so I know he has other investors to reach out to as well.

Feeling stuck on this one as to which way to go. Thanks in advance for reading and the reply

@Tony Tai thanks for the reply and the info. Much appreciated

@Geren Knight III for what it's worth, I have yet to purchase a property myself, but I usually put my monthly expense percentages a little higher. 10% for vacancy, repairs and maintenance, and CapEx. Maybe you're figuring them lower per the rehab, but it sounds like minor repairs, so you may want to readjust those numbers. Yes to me the CashFlow seems low at only $95 using the 50% rule. However a lot of the more experienced investors have told me they don't go by those numbers...

Hopefully one of them will chime in, but thought I’d throw those thoughts your way. Again I have no skin in the game yet myself, been educating and analyzing like crazy to this point. Best of luck my friend

@Robert J. Thanks for the reply and the info!