All Forum Posts by: Daniel Rosario

Quote from @Samuel Eddinger:

@Daniel Rosario - if you are having such a hard time explaining this to us (I still don't understand the structure), you are going to have a harder time explaining it to your owner.  Why not try to work with the owner to close them all the same day and it is $30k for the one and no money down for the other two?

Sorry I'm not having a hard Time explaining it, I was just giving a small gist of the convo the WS & I are having.. and looking for advice on what to avoid or be looking out for.. 

"So it would practically be, my client does not have to pay me a commission for finding him a cash flowing asset ( my commission would be the house that I pay off, I just wouldn't have to pay a “down payment "or go through banks.. he would get a 3 family that cash flows $1500 a month with room to raise rents and the wholesaler would get the other 3 family as a finders fee..

^^ ? 

Also we are working with the owner and and the WS, and yes this is why i am asking, i have an investor looking for a 3 family with cash flow... I found it.. but the WS also found me.. So now a way of compensation is.. My client pays 30K down.. Client gets 3 family... WS gets 3 family and i get a single... 

Hi Everyone, Hope you are doing well today!!! 

Okay sooo here I go...

OK so I received a phone call from a wholesaler he came to me because I have clients that are willing to put down $30-$60,000 on a home, Now after asking some questions I come to find out that this wholesaler needs my clients $30-$60,000 down.. Why are you may ask..
This whole seller has under contract three properties, two 3 families and one single-family now what the wholesaler wants to do is Use my current clients Cash down to put together this deal… FYI! This is seller financed which does not happen often in CT! Or most states.. the seller is retiring and wants what he called it “MailBox Mail”
What we would get out of the deal is we put the money down we asked for a fair interest rate in this market the wholesaler gets to keep one of the three families my buyer gets to keep one of the three families and I take the single-family home.. ( All with my clients down paying of $30-60k )
So it would practically be, my client does not have to pay me a commission for finding him a cash flowing asset ( my commission would be the house that I pay off, I just would have to pay a “down payment "or go through banks.. he would get a 3 family that cash flows $1500 a month with room to raise rents and the wholesaler would get the other 3 family as a finders fee..
So we are pretty much getting the 3 properties through seller financing and "my" buyer is paying the down payment..

What should I be looking out for!!???

The WS & my buyer & I would have to speak about a fair interest rate.. 

Also how does the title work?? Can I ask to hold title? so I am able to HELOC & Leverage the Unit? I have many Qs and I'm willing to work my *** off to be successful just need that Mentor to help me through! and my small family brokerage just cant do that..

Thank you in advance BP!

Also I don’t want to be sketchy in any way OR Break any laws in place!!! So if I'm doing something wrong tell me!!!! 

 I’m newer in the Real Estate world but sometimes you just gotta roll with the punches!

Quote from @Drew Sygit:

@Collin Meadows

How about integrating emails with PMC software, so that they are automatically saved to the owner's/tenant's conversation log in the system. Thereby, allowing everyone in the company and the client to reference them?

 ^^^ This!! a platform where you cant hide ANYTHING... 

Id totally say, two fourplex,, BUT always double check your numbers! & Location, if the small apartment building is in a grade C area ( Late rent, missing payments, headaches) and your making a 9-12% Return, but the two Fourplex is in a Grade B or A area and your return is the same or maybe even a little less, BUT less headaches and everything runs smooth with great tenants..  

Just being honest, the more doors the more headaches TOO... 

Very Simple Explanation Obvs so much more to Explain but that's something I would consider...

I work for my families small brokerage,( nobody does commercial)   just looking for someone in commercial to take me under they're wing, in regards to knowledge... 

EMERGENCY!! 

I’m from CT & a local business that I go to often has a post on there door and they are looking to sell!! I informed them that I would be able to list as a new agent!! But need help!!! Anybody that sells commercial! Please help me out.. it would be my first deal.. they are very nice people.. and would LOVE for the business to stay the same

Quote from @Mackenzie Grate:

I'd also add going to a local meet up to meet actual investors. Not only does it increase your network, but it gives you an idea of what people are looking for and helps you to practice/learn the real estate lingo. The more in person time around people who are actually buying real estate, the better. :)

Good luck! You'll rock this!

 Thank you, do you mean going to open houses, house auctions? & Board meetings? 

Quote from @Daniel Rosario:

Hello Everyone!!!  I'm a new agent in CT 

- I'm Currently putting together a Plan for my first 90 days as an Agent.. // Passing my Exam.. 

Sponsorship 

MLS fees

Board Fees 

Even Odd Year for Renewal 

• Develop a proper LinkedIn/Facebook/Insta/twitter ext:////
• Referral strategy?!
• Commit to professional Relationships with other Agents/Lenders/Credit Repair// ext:///
• Start to learn how to understanding the Market /// 
• Read a BOOK or Two lol.. 
  • "So Good they cant cant ignore you" 
  • "365 days of social Posts for Real Estate Agents" 
  • New Real Estate Tech?

If any one has anything they can add to my list please do!! Anything you think a rookie agent should do please let me know..

Thank you, 

Daniel M. Rosario 

@DrRealEstate_ 

Thank you so much Joshua! I appreciate you taking time out of your day to give me a helpful tip! 

Hello Everyone!!!  I'm a new agent in CT 

- I'm Currently putting together a Plan for my first 90 days as an Agent.. // Passing my Exam.. 

Sponsorship 

MLS fees

Board Fees 

Even Odd Year for Renewal 

• Develop a proper LinkedIn/Facebook/Insta/twitter ext:////
• Referral strategy?!
• Commit to professional Relationships with other Agents/Lenders/Credit Repair// ext:///
• Start to learn how to understanding the Market /// 
• Read a BOOK or Two lol.. 
  • "So Good they cant cant ignore you" 
  • "365 days of social Posts for Real Estate Agents" 
  • New Real Estate Tech?

If any one has anything they can add to my list please do!! Anything you think a rookie agent should do please let me know..

Thank you, 

Daniel M. Rosario